Last year, Decentraland (MANA) did well because of its uniqueness, but as crypto winter hit, investors changed their minds about MANA, which has since fallen almost 90% from its all-time high. The mood of investors is low, and they are selling Decentraland (MANA) to buy Orbeon Protocol (ORBN) to escape the bearish momentum. ORBN has just sold out its first presale stage and has now entered its second presale phase, and analysts think ORBN will soon go up by 60x.
Decentraland (MANA) hasn’t found the momentum it needs
Users can make content and apps on Decentraland and make money from them. People who own Decentraland (MANA) can buy VR plots of land that they can build on and sell as NFTs. The platform is like Sandbox; it has a place to play games and offers interactive 3D games. The native coins of Decentraland are LAND and MANA. MANA is used to buy avatars, LAND tokens that can only be used once, avatar outfits, and avatar names.
MANA token is the game currency of Decentraland and the platform’s cryptocurrency. MANA is an ERC-20 token that lets users pay for goods and services in the virtual world, buy or sell LAND, and trade it. The Decentraland Marketplace is where you can use the token to buy estates, avatars, wearables, and unique names. Decentraland has an entire marketplace where you can buy, sell, and manage your on-chain assets.
The recent market crash was a massive blow to Decentraland (MANA). Even though there are signs of a comeback in the crypto market, Decentraland (MANA) hasn’t yet found positive momentum. Overall, the number of trades on the platform hasn’t been able to pick up enough to raise MANA’s prices.
In the last week, the price of Decentraland’s MANA has dropped by more than 14%. MANA is currently worth $0.38, which is about 89.9% less than its all-time high of $5.90. On the Ethereum blockchain, Decentraland (MANA) is a 3D virtual reality metaverse.
Orbeon Protocol (ORBN) will bridge investors and startups
By providing startups access to everyday investors, Orbeon Protocol allows them to avoid traditional fundraising avenues like venture capital firms and crowdfunding websites.
Investors can purchase equity in a startup company for as little as one dollar by purchasing newly created fractionalized NFTs, minted by Orbeon Protocol for startups to issue as a form of fundraising. For the average investor, this is a first. Compared to the past, small-scale investors now have access to exciting, new investment options previously reserved for those with millions to invest.
Orbeon Protocol’s blockchain technology provides investors with greater security and transparency, allowing them to make more informed decisions. For instance, if a company fails to reach its investment goal, the “fill or kill” smart contract will immediately refund its investors.
Presale access to ORBN, the native token of the Orbeon Protocol, started at the end of October. ORBN will have three stages through the end of January 2023.
Experts predict that ORBN can increase from $0.004 to $0.24 over the course of the presale, a 6000% increase. Orbeon Protocol is currently leading the way in a crypto industry beset by bearish movement. ORBN can be purchased for $0.014 in the currently ongoing second phase of the presale.
Find Out More About The Orbeon Protocol Presale
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.