This week’s market action has been a mix of bearish and bullish moves, with some cryptos surging while others pulling back. One of the biggest winners this week is Orbeon Protocol (ORBN), which is up 805% during phase 3 of the public presale. Meanwhile, Cardano (ADA) and VeChain (VET) are both set to surge in the coming months
Orbeon Protocol (ORBN)
To gain access to the resources necessary for success, startups must often appeal to venture capital firms or wealthy individuals. But what if an entire global community could invest in a project and enjoy the benefits of its success? This is the idea behind Orbeon Protocol (ORBN).
With Orbeon Protocol (ORBN), startups can mint equity-based NFTs that can be bought and sold on the blockchain. This unlocks a new form of capital, allowing startups to raise funds without relying on venture capitalists, banks, or other traditional funding sources.
Smart contracts remove any intermediaries, providing a more efficient and trustless digital marketplace. For example, the ‘Fill or Kill’ mechanism will automatically execute refunds if a project doesn’t hit the funding requirements.
Unraveling a new world of finance starts with the ORBN token, which is used to facilitate trades and access advanced features. For example, holding ORBN gives investors first access to new NFT listings, cheaper trading fees, and more.
Phase 1 and 2 of the public presale sold out rapidly, and it looks like phase 3 is following suit as analysts forecast ORBN to rise to $0.24 from its current price of $0.0362. Major exchange listings are right around the corner, so now’s the time to get involved if you haven’t already.
While most crypto projects fork off existing blockchains and use them as the basis for their products, Cardano (ADA) chose a different path. Cardano’s founding team has created a new blockchain from scratch, using cutting-edge development techniques and rigorous scientific research.
Cardano is designed to be an enterprise-grade platform with smart contract functionality, scalability capabilities, and interoperability between other blockchains. This has seen Cardano (ADA) attract a large following of people who think it could become the go-to blockchain in the future.
However, Cardano (ADA) seems to look better on paper than it does in practice, as Cardano has been struggling to gain adoption since smart contract development functionality rolled out in 2021. Cardano’s current price of $0.26 represents a 91.52% drop from the all-time high of $3.10 set in September 2021.
VeChain (VET) is a leading blockchain platform that empowers businesses to build scalable dApps that can be used across various industries. VeChain boasts a wide range of use cases, including tokenized asset tracking, supply chain management, digital identity solutions, distributed governance protocols, and more.
VeChain (VET) has recently been in the news for its collaboration with Walmart China to help track food safety using its blockchain technology. This is just one example of the many innovative use cases the VeChain (VET) platform has to offer, with more partnerships planned for VeChain (VET) in the near future.
Despite its strong reputation in the industry, VeChain (VET) has been struggling recently as the price dropped from $0.2782 to $0.016 over the past year. VeChain (VET) will need to find a way to recover soon in order to remain competitive with other leading platforms in the industry.
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