Cryptocurrencies continue to bounce back after a roller-coaster 2022 that saw many projects go under, with some losing more than 80% in market value. The bounce back comes against renewed interest in risk in the financial markets.
Additionally, investors are jostling for opportunities in highly battered projects. Solana (SOL) and Orbeon Protocol (ORBN) are some projects that see mass price increases, given their solid underlying fundamentals.
Solana (SOL) Bounces Back
Solana (SOL) came under immense pressure in 2022 owing to its close ties to the now-bankrupt crypto exchange FTX. Plunging transaction volumes also took a toll on the Solana (SOL) coin’s sentiments in the market.
Fast forward, the dust has settled, and the Solana (SOL) project remains one of the most talked about cryptocurrency projects of the year. Solana (SOL) is already up by double-digit percentage points, setting the stage for what could turn out to be an impressive year of gains.
The developer’s team has improved the network security of Solana (SOL). The network has not experienced downtime, suggesting that the platform is more solid than ever. Solana (SOL) is now operating as it should, enabling super-fast transactions at some of the lowest costs.
Additionally, Solana (SOL) has become the developer’s preferred platform for developing decentralized applications and smart contracts. Growing partnerships with companies like Instagram and Facebook and expansion into areas like GameFi and DePIN.
Orbeon Protocol (ORBN) Redefining Crowdfunding
Orbeon Protocol (ORBN) is the latest project that is grabbing attention from traders and investors across the divide owing to its bid to redefine the crowdfunding and venture capitalist sector. For the longest time, wealthy investors and venture capitalists have enjoyed preferential treatment in investing in early startup firms owing to their deep pockets.
In addition, regular investors have yet to have the opportunity to invest in such startups owing to the high barriers to entry. Orbeon Protocol (ORBN) plans to change all this by opening up the crowdfunding sector, thus making it easy for everyday investors to participate in funding rounds.
Consequently, Orbeon Protocol (ORBN) has created a decentralized investment platform enabling anyone to invest fractionally in some of the most exciting and promising early-stage businesses. In addition, in the media, startups can raise funds and engage with the community by offering equity-based non-fungible tokens.
In this case, each investment opportunity is to be minted into an NFT and fractionalized, making it possible for people to invest as little as $1 in startups. A “Fill or Kill” mechanism powered by smart contracts will return funds to investors whenever companies fail to reach their funding goals.
ORBN is the native token that will power the entire Orbeon Protocol (ORBN) ecosystem making it easy for startups to raise funds from a wide pool of investors. In addition, token holders are to enjoy priority access to upcoming funding rounds and receive discounts on trading fees and cashback rewards.
Additionally, Orbeon Protocol (ORBN) holders can lock part of their holdings into liquidity pools to earn some passive income from trading fees in the network. ORBN will also double up as a utility token, according holders the right to vote on key decisions and upcoming projects.
Solana (SOL) and Orbeon Protocol (ORBN) are on the cusp of registering significant gains owing to growing interest in the two projects. Orbeon Protocol (ORBN) bid to transform the crowdfunding sector is a game changer that opens up myriads of growth opportunities.