This month has seen a flurry of activity in the crypto markets, as popular DeFi tokens and projects have been pumping. In particular, Fetch.ai (FET) and Fantom (FTM) saw impressive gains of 200%, while Orbeon Protocol (ORBN) took the cake with a 1600% pump over the course of the presale. Let’s dissect these projects and analyze the factors behind their success.
Orbeon Protocol (ORBN)
Capitalizing on the potency of blockchain technology, Orbeon Protocol (ORBN) simplifies and accelerates startup crowdfunding. Orbeon Protocol (ORBN) does this by enabling investors to buy fractions of a company via NFTs that represent equity.
For startups, Orbeon Protocol (ORBN) provides a single, secure platform to raise funds, eliminate paperwork and reduce administrative costs. No longer do a select few investors determine the success of a project, as Orbeon Protocol (ORBN) allows for crowd-sourced investments from almost anyone.
Orbeon Protocol (ORBN) utilizes smart contracts to streamline the entire process and to ensure that everyone adheres to the same standards. Solid Proof, a third-party auditing firm, is used to guarantee the security and fairness of the process.
These powerful features have made Orbeon Protocol (ORBN) a major draw for investors looking to get into the DeFi space. During the Orbeon Protocol (ORBN) presale, ORBN has seen an impressive 1,600% pump, a clear sign of investor confidence in Orbeon Protocol (ORBN).
Fetch.ai (FET) is an AI protocol that enables developers to build autonomous agents and smart contracts in a trustless environment. As such, Fetch.ai (FET) unleashes the potential of peer-to-peer applications, allowing them to leverage AI and automation with or without blockchain connections.
The core of the Fetch.ai (FET) network is its native token, FET, which is used to deploy digital twins on Fetch.ai (FET), as well as to enable validation nodes and pay transaction fees. This vast utility of FET drives demand and should result in Fetch.ai (FET) increasing in value as the network grows.
In recent months, investors have been showing increasing interest in Fetch.ai (FET), driving up the token’s price and propelling the project to 200% gains over the course of the month. This move for Fetch.ai (FET) is due to AI becoming more mature and the development of new use cases for Fetch.ai (FET)’s technology, as well as potential partnerships on the horizon.
Fantom (FTM) is a cutting-edge, smart contract platform that relies on directed acyclic graph (DAG) technology for the efficient and secure execution of contracts. Using DAG, instead of blockchain, allows Fantom (FTM) to have faster transactions and lower fees — a must-have feature in the ever-growing DeFi sector.
In fact, transactions on Fantom (FTM) take less than one second and cost roughly $0.0000001, making Fantom (FTM) one of the most cost-effective ways to send and receive crypto. This is a major advantage for Fantom (FTM) over Ethereum (ETH), which has notoriously high fees and long wait times for transactions.
Fantom (FTM) also allows holders to stake their FTM tokens to earn rewards, with no need for expensive or complicated equipment. This makes Fantom (FTM) attractive to both investors and developers, as it provides a simple way to earn passive income.
In terms of price, Fantom (FTM) has pumped from $0.20 to a short-term high of $0.65 – representing a gain of more than 200%.
Find Out More About The Orbeon Protocol Presale