Ethereum (ETH) and ApeCoin (APE) Pump, Orbeon Protocol (ORBN) Seizes Bullish Momentum in Presale
Even though the year 2022 has been quite challenging for cryptocurrency projects, it has also seen the development of a few coins that have single-handedly spearheaded the expansion of the industry.
These innovative endeavors include ApeCoin (APE) and Orbeon Protocol (ORBN). Ethereum (ETH) is also showing signs of rebounding back to its original glory.
Orbeon Protocol, for instance, is in the third phase of its presale and is already predicted to hit a price increase of up to 6,000% by the end of the presale.
But what is the current bullish trend of Ethereum, ApreCoin, and ORBN in the current crypto bearish conditions? Read on for more
Where is Ethereum Headed in 2023?
Most distributed applications (dApps) and other blockchain apps are hosted on Ethereum, which is a public, open-source blockchain.
The cryptocurrency used on the platform is called Ether (ETH). Recently, through a procedure called “the merge,” it was updated to Ethereum 2.0.
After the merger, Ethereum’s value did indeed decrease by a significant amount. However, Ethereum is anticipated to reach 10x in 2023 due to its underlying worth and the coin’s upward trajectory.
Orbeon Protocol (ORBN)
Orbeon Protocol is an innovative approach designed to disrupt the conventional venture capital scene, and its token has been making headlines regularly in recent weeks. Orbeon Protocol’s ORBN token is not a meme coin like ApeCoin and has actual use outside the realm of internet memes.
Simply said, Orbeon Protocol makes it possible for everyone interested to take part in the funding of new businesses to do so with attractive returns. To reflect a company’s investment potential, the protocol uses its NFT-as-a-service (NFTaas) to issue equity-based NFTs. Since NFTs are fractionalized, anybody can invest in a transparent and decentralized manner with as little as $1.
Due to its success in bringing together companies and investors, Orbeon Protocol has become the go-to platform for crowdfunding, disrupting the 13.5 billion dollar industry.
It has several safeguards to prevent consumers from falling prey to common investment scams. The “Fill or Kill” system, for example, was developed to safeguard assets in the event of a financing failure or the suspicion of a fraudulent enterprise.
In Orbeon Protocol’s ecosystem, holders of the ORBN token are granted voting privileges. They can also benefit from trading cost reductions, cashback benefits, and staking returns. Thus, it is not hard to comprehend why ORBN should be at the top of the coin-to-purchase list for investors.
Phase 1 and 2 of Orbeon protocol’s presale have already seen the price climb 655% as more investors look to take up the opportunity whilst token prices are still low.
ApeCoin was released in March 2022, and investors were interested in it because of all the buzz surrounding NFT and Web3. Token value increased by 2,800% in the first few hours after release.
The APE ecosystem, which includes the Bored Ape Yacht Club and all other Yuga Labs items and services, is denominated in ApeCoin, the native coin of the APE ecosystem.
The popularity of ApeCoin increased, mostly owing to the enthusiasm of cryptocurrency investors for BAYC. ApeCoin is a way for small investors to get in on the BAYC project without having to shell out a ton of cash for BAYC NFT.
On the contrary, early investors benefited from the distribution of ApeCoin to BAYC holders. However, the token serves primarily as the APE ecosystem’s governance token without any obvious use cases of its own.
The market cap for ApeCoin is $1 billion at its current price of $3. ApeCoin holders get access to a variety of premium features and benefits, including games, events, services, the metaverse, and official ApeCoin swag. APE is still going strong and is expected to maintain momentum in 2023.
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