Cardano (ADA) and Ethereum (ETH) have fallen again, while Orbeon Protocol (ORBN) has smashed new records. This continues a trend of underperformance by the two major cryptocurrencies, while Orbeon Protocol has rallied by more than 655% as phase three of the presale started.
Cardano (ADA) is down 90% from its ATH
Cardano (ADA) is a proof-of-stake (PoS) blockchain platform that lets users make tokens, build decentralized applications (dApps), and run smart contracts. Cardano is built using an evidence-based and well-researched process, which eliminates any possible problems. Cardano is set up to work well, and its developers focus on improving it. The platform’s utility token, Cardano (ADA), is a big crypto asset with one of the highest market capitalizations. Due to the crypto winter, Cardano (ADA) could not transfer its great run from 2021 to this year. Cardano has lost 23.2% of its value this month alone, and the price of Cardano is now almost 90% below its all-time high of $3.09.
Ethereum (ETH) is down 21% this month
Since its inception in 2015, Ethereum (ETH) has taken over the market. Even though it can be affected by market crashes because of its volatility, Ethereum has stayed at the top of the cryptocurrency market. At the moment, one ETH costs $1233.
Ethereum is a decentralized network. It makes it easy to make smart contracts and Decentralized Applications (dApps). Ethereum is a network that can be programmed, and that lets smart contracts and their terms and conditions be used.
The Ethereum network allows several blockchains and apps to grow without hurting how well they work. Ethereum has become known outside of its network because it has created value in the real world.
Several businesses and organizations now accept payments in Ethereum (ETH), but that hasn’t been enough to keep Ethereum (ETH) successful, as ETH has had a rough last 30 days, dropping 21%, as ETH is now trading at 74% below its ATH.
Orbeon Protocol (ORBN) rallies 655% in presale
The Orbeon Protocol platform is made so that investors can connect with new businesses in a safe and open way. Orbeon Protocol also has several features, such as “Fill or Kill,” that make investing safe and easy. The mechanism will give the investors their money back if a project doesn’t get the funding needed.
The Orbeon Protocol presale has been a huge success. The price of ORBN tokens has gone up by 655% as phases one and two of the presale have been completed, and the third phase has begun.
Orbeon Protocol (ORBN) makes it possible for anyone to invest early in startups. Orbeon Protocol (ORBN) mints startups as fractionalized, equity-backed NFTs. It does this by acting as a decentralized investment platform. Everybody can buy these NFTs for as little as $1.
These NFTs make it possible for investors to enter the venture capital market. This change makes it easier to raise money outside of the traditional ways, such as through venture capital (VC) and crowdsourcing.
Orbeon Protocol is changing the venture capital and crowdfunding industries by making it easier for people to put money into the most promising new businesses. Investors can buy ORBN tokens in the presale, as many experts predict their price will go up by up to 6000%.
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