After a tumultuous month for cryptocurrencies, Bitcoin (BTC) and Cardano (ADA) finally went green. Meanwhile, the whole crypto market quickly followed the trend as many coins are already gaining momentum for a bullish run.
Orbeon Protocol (ORBN), the native token of the Orbeon Protocol, has gained mainstream attention due to its innovative importance in disrupting the traditional investment landscape. Analysts predict that ORBN’s price will rise by 6000%.
As Bitcoin and Cardano are turning bullish, investing in the Orbeon token at its presale stage is an excellent investment as the token is set to go beyond analysts’ expectations.
Orbeon Protocol Attracts Huge Demand
2022 has been a brutal year for many crypto investors as huge existing projects like Bitcoin (BTC) and Cardano (ADA) continue registering new lows. However, since the introduction of Orbeon Protocol’s ORBN native token, it has attracted crypto bulls as the next blue chip investment.
The token is useful in gaining unrestricted access to Orbeon Protocol and its ingenious products aimed at improving the crowdfunding industry. Orbeon Protocol is a launchpad and investment platform that utilizes NFTs to facilitate the development of new businesses and startups.
The platform enables companies to connect effectively with keen investors and build a community of enthusiasts. Meanwhile, users can enjoy opportunities to participate in various crowdfunding and funding rounds.
The distinguishing feature of Orbeon Protocol is its use of fractionalized equity-based NFTs representing a startup company. With these NFTs, users can easily participate in fundraising and invest by purchasing and minting these NFTs with any amount, starting from $1. Additionally, there are security measures in place to ensure investors do fall victim to scams and rug pulls.
Its Fill or Kill mechanism was integrated into Orbeon Protocol smart contract to ensure investors get their money back if a company’s funding rounds fail. Therefore, you can see why crypto bulls and investors are trooping in to add ORBN tokens to their portfolios.
ORBN is available at the presale phase for $0.014. Although it is relatively underpriced, analysts have speculated that its price will increase by 60x and reach $0.24 before the end of the presale.
Bitcoin Records First Green Close in Months
Bitcoin is the most traded cryptocurrency by market cap, but it has been recording a negative close for the past few weeks. The coin takes as much as 40% to 49% of total crypto market capitalization, and therefore, its price action usually influences that of other tokens.
Since Bitcoin clinched an all-time high price of $69,000 in November 2021, the coin has gone into a year-long bearish downtrend and has registered only a few retracements. In fact, BTC was poised to extend its losing streak to another day. However, it miraculously jumped higher in the late hours of November 10.
Through a modest correction in the late hours of November 10, Bitcoin regained bullish momentum and returned above $15,000. Bitcoin is trading between $17,000 to $19,000, approximately a 10.5% change.
Cardano (ADA) Back Above $0.3
Cardano was not left out in the bearishness of the crypto market. The token’s price bounced off a key support level created on January 11, 2021, before turning back higher and recovering a little. Cardano broke several lows before creating a new yearly low of $0.3. However, it bounced higher and gained 16% before settling at $0.36.
Cardano maintains an excellent market capitalization of $12 billion, keeping it at the 8th position of coins by market cap. Cardano has little influence on general crypto price but gained Bitcoin’s momentum to soar higher.
Although the coin is down by 73% this year alone, the turn of events is good news to investors. Analysts have predicted that Cardano price will surpass $3 soon before setting a new high of up to $11.
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