Bitcoin (BTC) and Solana (SOL) Prices Drop, Orbeon Protocol (ORBN) Sells Out First Phase of Presale
The cryptocurrency market has had a turbulent week, with Bitcoin (BTC) and Solana (SOL) crashing hard. Orbeon Protocol (ORBN) has since exploded onto the crypto scene due to its potential in venture capital and crowdfunding, with 60x return expected at end of presale.
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Bitcoin (BTC) is the world’s most popular and valuable cryptocurrency. It has been around for over ten years and is still going strong. Bitcoin (BTC) is currently trending as a haven. Investors are buying Bitcoin (BTC) because they are worried about the stock market crash and the global economic crisis.
Bitcoin (BTC) also rises as institutional investors buy it. Major investors perceive Bitcoin (BTC) as a store of value and a hedge against inflation. Institutions buy Bitcoin (BTC) because they trust its long-term potential. It is also a trend because, despite these reasonable adoption indications, Bitcoin (BTC) is losing value as the bear market persists.
The latest decline was triggered by one of the largest cryptocurrency exchanges, FTX, which collapsed due to an $8 billion hole in its balance sheet. Panic selling started and caused Bitcoin (BTC) to fall. But as more people use Bitcoin (BTC) as money and a store of wealth, its value is likely to rise.
Solana (SOL) was one of the market’s hottest new cryptocurrencies. It is a high-performance blockchain that can process more than 50,000 transactions per second. Solana (SOL) network is used by many DeFi projects, NFT marketplaces and P2E games. Solana (SOL) gained momentum throughout the bull run, but has recently been unable to maintain the price.
Solana suffered one of the market’s biggest declines due to the FTX incident discussed above. It went from $32 to $14 today, a reduction of more than 50%. Because FTX was the largest supporter of the Solana (SOL) ecosystem, the bankruptcy set off a chain reaction that resulted in a 50% reduction in TVL (total value locked) on the network.
The many hacks and outbreaks that have hit the Solana blockchain is one of the main reasons contributing to a decrease in Solana’s value.
Orbeon Protocol (ORBN) will give investors access to web3’s most promising startups. Orbeon Protocol is a decentralized investment platform that allows anyone to invest as little as $1 in early stage businesses.
It is also a first for the everyday investor, who has never had access to exciting, innovative investment opportunities generally reserved for venture capitalists and accredited investors.
You can buy ORBN, the original token of the Orbeon protocol, during the pre-sale, which began at the end of October and will continue in three stages until the end of January 2023.
ORBN has quickly sold out at $0.004 per share. Experts predict it will soon reach $0.24, showing a 60x return on investment. ORBN tokens provide platform voting/governance privileges and exclusive access to investor groups and featured funding rounds for the most exciting businesses. Securing even a small portion of the massive $13.5 billion crowdfunding sector will benefit Orbeon (ORBN) holders.
Find out more about the Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
