As we entered the new year, several cryptocurrencies managed to soar in the past few weeks. However, many coins appear to have cooled off as their values began falling again. Prominent coins like Aave (AAVE) and the FTX Token (FTT) were not exempt from this downturn, but show resilience as trading volume remains high. Elsewhere in the market Orbeon Protocol (ORBN), which is in stage 4 of its presale, and has already risen by 1,400%.
Aave (AAVE)
With the help of the decentralized lending protocol Aave (AAVE), users may borrow money using their crypto investments in exchange for a return. The Aave (AAVE) token serves to cover trading costs and take part in governance.
In recent news, following unanimity in favor of a governance proposition, Aave (AAVE) has launched its third iteration on the Ethereum network. The Aave (AAVE) V3 update will reduce customer volatility and increase capital efficiency.
But, that update still has not impacted the Aave (AAVE) coin price as it is currently worth $87.04. This price is a 0.73% decrease in the last day alone, and Aave (AAVE) holders are beginning to grow more anxious. Although Aave (AAVE) may reverse this price movement, investing in it at this time is not advisable as it is just too risky.
FTX Token (FTT)
Real money was generated by the now-defunct cryptocurrency exchange FTX using its virtual currency, FTX Token (FTT). The FTX Token (FTT) obtained an $85 price point in 2021. But after the FTX exchange declared bankruptcy, that FTX Token (FTT) price is now just a distant memory.
At this time, the FTX Token (FTT) has a value of $1.86, down 4.42% over the last 24 hours. Worse, the FTX Token (FTT) suffered an even more significant loss on the weekly charts with a 20% decrease.
FTX Token (FTT) will likely see further price drops as the downfall of FTX is still a dark cloud above the token. Negative sentiment is around the FTX Token (FTT) as its market cap, and trading volume have also decreased by 4% and 8%, respectively. Bears are in control of the FTX Token (FTT), and investors have taken notice.
Orbeon Protocol (ORBN)
Have you ever wanted to obtain actual equity in promising startups for prices as low as $1? Or has your company wanted to enter the Web3 space, but you found the entry barriers too high? No worries, Orbeon Protocol (ORBN) will soon arrive and bring solutions to all your problems!
Orbeon Protocol will be the first-of-its-kind investment platform upon which equity-backed fractionalized NFTs will be minted and sold, helping investors and companies! Investors will be able to find a safe marketplace with vetted projects that require crowdfunding, and companies will reach their crowdfunding goal at a faster rate due to the fractionalization of tokens.
The ORBN token will power this platform, allowing users to cast governance votes, obtain various discounts and gain passive income through staking! This coin has a value of just $0.06, but experts predict it will reach $0.24 in the next few months due to high demand. Regarding security, project liquidity will have a lock on it for ten years – guaranteeing that no rug-pull can occur. Investors who get in early will enjoy a 10% deposit bonus, which has led to a massive surge of interest in the project.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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