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Cryptocurrencies with unique selling points and use cases stand a fair chance of bouncing after a steep sell-off in 2022. The argument has to do with the fact that investors have become increasingly cautious and savvy after the sector imploded last year. While PancakeSwap (CAKE) and Shiba Inu (SHIB) are showing signs of breaking out, its Orbeon Protocol stands out from the pack going by its 1675% rally in presale.
Massive Orbeon Protocol Gains
Orbeon Protocol is one of the new projects on the block that has been flying high as part of its presale. The rally comes on institutional and retail investors taking note of the project’s bid to revolutionize the crowdfunding and venture capital industry. Launching a decentralized investment platform that allows people to invest in new startup firms for as little as $1 is one of the developments that sets the project apart.
With the help of non-fungible token (NFT) technology, Orbeon Protocol is to fractionalize stakes in startups allowing firms to raise funds through fractionalized stakes. The fractionalized NFTs are minted to make it easy for everyday investors to tap into opportunities in highly prospective startups.
Only wealthy investors have been able to tap into these opportunities for the longest time, owing to their deep pockets. However, with Orbeon Protocol’s new platform, investors stand to gain access to elusive venture capital markets.
The development is already fueling demand for ORBN, the network native token that also acts as a utility token. In addition to serving as a medium of exchange and settling transaction costs, the token offers several perks, including transaction cost savings.
Additionally, token holders can stake their tokens in liquidity pools TO enhance the network’s security and liquidity level and, in return, earn some passive income. The holders are also entitled to governance privileges whereby they can vote on various project proposals.
PancakeSwap Growing Popularity
PancakeSwap has also been flying high, going by the 20% plus gain year to date. While the rally comes as the overall sector continues to bottom out following last year’s implosion, the project has also benefited from a renewed focus on decentralized exchanges.
The decentralized exchange is a market maker that operates on the Binance smart chain. It is one of the few decentralized exchanges that let people trade a wide array of digital assets without the need for intermediaries.
Its growing popularity has to do with the ongoing transition from centralized exchanges; it’s become one of the most prominent decentralized exchanges on the Binance, going by the high trading volumes. As more people join web 3.0 PancakeSwap stands to continue growing in popularity, which should see its native CAKE grow in value.
Shiba Inu Meme Prospects
Shiba Inu has also been flying high amid renewed interest in meme coins. The coin is already up by more than 50% for the year as it continues to recoup most of the losses accrued last year. The hype on meme coins has been growing amid renewed interest from celebrities and high-profile personalities in the speculative asset class.
Likewise, Shiba Inu also benefits from growing interest in its high staking rewards. The project rewards people for locking part of their tokens, providing an ideal avenue for generating passive income.
Bottom Line
The Orbeon Protocol bid to transform the venture capital industry in ways never seen before has caught the industry by surprise. The push to connect investors with startups seeking to raise funds underscores its utility in the burgeoning sector. Likewise, demand for the native ORBN token will continue growing after the 1625% rally in presale.
Find Out More About the Orbeon Protocol Presale:
Website: https://orbeonprotocol.com/
