Fantom Hit Hard By Bear Market, Could Orbeon Protocol Overtake?
In 2022 the crypto market lost over 60% of its value, equating to around 2 trillion USD. During this market decline, it’s estimated that at least 2,421 cryptocurrency projects fell through, losing investor funds and destroying investor confidence in the market.
Now Orbeon Protocol (ORBN) is helping rebuild this confidence, after three successful presale stages. Should growth continue, analysts believe that it could soon overtake popular projects like Fantom (FTM), which has been hit hard by the bear market.
Fantom Sees A 9.08% Price Surge, But Is It Too late?
Fantom (FTM) is a decentralized open-source smart contract platform built as an alternative to Ethereum. First released in December 2019, it lets developers build decentralized applications (dApps) that overcome the Blockchain Trilemma- a balance between security, decentralization and scalability.
So far over 100 dApps have been built on Fantom, and its native token (FTM) is also used as a popular staking method. Investors can choose to stake their FTM with a validator node for a guaranteed annual percentage yield (APY) of 4%. Alternatively, Fantom offers a unique “Fantom Fluid Reward” option for higher returns. This locks out investors’ funds, but offers an APY of around 12%.
Unfortunately, Phantoms FTM has decreased dramatically over the past 12 months, decreasing by 90.82%. It has since increased by 9.08% in 2023, though many investors believe it may be too late for the project to thrive, with many looking elsewhere for greater returns.
Orbeon Protocol Offers Peace Of Mind In A Turbulent Crypto Market
In October 2022 Orbeon Protocol quickly made headlines, becoming one of the most highly anticipated projects of 2022. Its unique DeFi launchpad is designed to revolutionize the crowdfunding market, creating new opportunities for both investors and startups.
Using the Orbeon Launchpad, startups can create equity-backed NFTs and sell them to investors who would otherwise be locked out of the startup market. This unique approach allows startups to raise funds from a larger pool of smaller investors and lets investors buy into businesses that would normally only be available to venture capitalists.
To maintain high levels of security, Orbeon Protocol checks all businesses applying to be on the platform with a strict application procedure. An additional security measure known as “Fill or Kill” is also in place, which will refund investors if their chosen startup fails to meet its funding targets.
The Orbeon Protocol (ORBN) team has also addressed wider industry issues such as rug pulls. To prevent a rug pull, ORBN token liquidity will be locked for ten years and team tokens will be locked for 1 year.
In total 888 million ORBN tokens will be released, 355 million being sold to the public during presale. As well as the potential to surge in price, holders will also benefit from discounted trading fees, governance and voting rights and passive income options with ORBN staking.
During its presale, ORBN has already increased from $0.004 to $0.0435. If Orbeon Protocol continues its current trajectory, there is a chance it can overtake Fantom.
Find Out More About The Orbeon Protocol Presale:
Website | Presale | Telegram
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