The 2023 crypto market is expected to be very different from the market last year. One big difference will be the rise of new protocols that offer better security, scalability, and privacy than existing protocols.
Among these is Orbeon Protocol (ORBN), which is expected to stand out as the best option for enterprises and investors as it has already risen by 987% during the presale. In this article, we will take a look at what Orbeon Protocol (ORBN) is and why it could be a strong option alongside existing tokens like Fantom (FTM) and Polkadot (DOT).
Fantom’s (FTM) trading volume and market cap take a major hit
According to Fantom’s (FTM) daily price charts, it currently indicates a downward movement toward the lower ranges in 2023. As per analysts, Fantom (FTM) needs to maintain its current price level to stop the token from going to new all-time lows.
The value of Fantom (FTM) has decreased over the past month to an estimated $0.21, losing about 13.99% of its market cap. The trading volume and market cap of Fantom (FTM) have also dropped since January 2022. Currently, the trading volume of Fantom (FTM) is $21,942,481, a shocking decline from last year’s volume of $1,545,569,741.
Similarly, the market cap of Fantom (FTM) has also taken a major hit from $7,278,618,521 last year to $556,103,309 at the time of writing. Additionally, indicators based on technical analysis point to Fantom’s (FTM) momentum slowing down. To profit from the present intraday trend of Fantom (FTM) cryptocurrency, investors will require the bears to reverse. Thus, experts suggest investing in better cryptocurrencies than Fantom (FTM).
Bulls steer toward Polkadot (DOT)
Bears have been relentlessly attempting to suppress the price of Polkadot, which has resulted in an approximate 20% monthly decline. The Polkadot price was near the limits of the previous lows on December 25, 2022, and since then, the token has been consistently declining.
There isn’t any evidence of a future growth chart as per the technical analysis, and the bulls will likely be staying away from Polkadot in the near future. The trading volume may indicate that bulls who have been waiting for the market to gain are still not interested in Polkadot at its current dip.
So far, Polkadot has been hard at work on a number of cutting-edge initiatives, such as the rollout of XCM, the network’s cross-consensus communication standard; XCMP (cross-chain message passing protocol) enhancements; governance enhancements; and the introduction of parathreads. Yet, the developments have had zero effect on Polkadot’s pricing and profits. DOT is currently selling for $4.51. Polkadot has fallen from its all-time high of $55.00 by 91.81%.
Orbeon Protocol (ORBN) gains traction from its presale gains
Orbeon Protocol is an innovative new investment platform allowing users to purchase fractionalized NFTs representing stock in early-stage enterprises. Investors can key in as low as $1 in their choice of emerging startup and profit greatly from it.
Recently, Orbeon Protocol has been gaining a lot of attention after its major price increases as well as the release of new features. New features, such as a peer-to-peer exchange and a unified wallet, have been added to Orbeon Protocol’s platform. This diverse ecosystem provides numerous benefits to new companies, such as easier access to finance and fewer hassles on their mission to raise capital.
In its presale phase, experts predict that the price of the Orbeon Protocol will reach a high of $0.24 in the coming months. Investors have been taking a lot of interest in the Orbeon Protocol because of its revolutionary idea, scalability factor, and use case. ORBN has gained over 987% since the second phase of the presale and is selling for $0.0435 at present. This is also a dramatic increase for Orbeon Protocol, as it began the presale at $0.004.
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