Bitcoin (BTC) and Ethereum (ETH) Stuck at Current Levels, Newcomer Orbeon Protocol (ORBN) Set to Rise in December 2022
- Many investors may shift their weight to lesser-known currencies that provide better returns since Bitcoin is less profitable.
- Since the transition from Proof-of-Work to Proof-of-Stake, Ethereum has officially been deflationary.
- The Orbeon protocol does not have the history or ancestry of either Bitcoin or Ethereum.
By any reading, the crypto market is going through a very difficult patch right now. The Terra/USD crash back in the spring sent the entire market reeling from the shock waves. Things looked so bad that many business analysts declared that it was the “end days” for all crypto. Since then, as the market slowly crawled back, the FTX bomb exploded, sending more bearish momentum through the already weakened sector. As a result, Bitcoin (BTC) and Ethereum (ETH) look flat for now. However, the newcomer Orbeon Protocol (ORBN), which is currently in phase 2 of the pre-sale, is set to rise in December 2022 after predictions that ORBN will rise by 6000% in pre-sale.
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Is Bitcoin (BTC) on the brink?
Bitcoin hit a high of $64,158.12 in November 2021, meaning anyone who bought it back in 2012 made a fortune. Anyway, Bitcoin is no longer worth as much as it was. Because Bitcoin is less profitable, many investors may shift their weight to lesser-known currencies that provide better returns.
Bitcoin has a number of celebrity investors, including Bill Gates. In addition, many companies, including Microsoft, have accepted it as a means of payment. But if Bitcoin’s value continues to decline, there’s no reason why other tokens shouldn’t take center stage.
Ethereum (ETH) officially deflationary
Since the transition from Proof-of-Work to Proof-of-Stake, Ethereum has officially been deflationary. With less Ethereum (ETH) in circulation, remaining Ethereum will increase in value over time. However, market watchers will have to wait years, if not decades, before seeing any significant price swings due to the token’s newly incorporated deflation feature.
Furthermore, the crypto community has expressed concern about the centralization of Ethereum’s validator network. The project is very concentrated, with only two addresses accounting for 46.15% of the nodes.
ETH has also fallen in price by 7.5% at the time of writing. This could be a tough winter for Ethereum.
Orbeon Protocol (ORBN) has an advantage
The Orbeon protocol does not have the history or ancestry of either Bitcoin or Ethereum. But that could work in favor of this new coin in different ways.
The Orbeon Protocol is designed to disrupt the stale and closed world of corporate finance and venture capital. These industries have so far been dominated and controlled by intermediaries, investment banks and large private equity companies. The Orbeon Protocol aims to change that by enabling startups and new companies looking for investment to create and issue unique NFTs on the Orbeon platform. This NFT is then fractionated and offered to regular investors as a form of equity starting at just $1.
Also, Orbeon Protocol’s platform acts as a kind of community where startups interact directly with their investors without middlemen or intermediaries of any kind.
Furthermore, holders of ORBN, the original tool on the platform, can stake their coins for passive income, gain governance rights so they can vote on key decisions and new projects, and gain priority access to new and exclusive funding rounds.
ORBN has seen significant success in recent weeks due to the ongoing phase 3 of the Orbeon Protocol (ORBN) pre-sale. ORBN has already risen from $0.004 to $0.030 in these early stages, and market analysts have put forward impressive predictions for ORBN’s future price increases, with some saying this could go as high as 6000%.
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Summary
The fact that Bitcoin and Ethereum are so well-known can actually work against them in this very bearish market. However, the novel nature of the Orbeon protocol may well work in its favor as it has seen success despite historical issues in the crypto space such as Terra/LUNA.
Find out more about the Orbeon Protocol Presale
Website:
Advance sales: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
