Avalanche (AVAX) and Chainlink (LINK) are two of the cryptocurrency projects badly hit by the crypto world’s instability. The duo have plummeted recently in line with the crypto world’s current depreciation.
On the contrary, Orbeon Protocol (ORBN) continues its imperviousness to the bear market as it rises 260% during presale.
Avalanche (AVAX): Layer One Blockchain Token Loses Value
Avalanche is a multifunctional layer-one blockchain platform for custom blockchain networks and decentralized applications. Created to rival Ethereum, Avalanche was created as a blockchain for deploying smart contracts.
Despite the lofty aim, Avalanche has also been hit by the depreciation sweeping the cryptocurrency industry.
Available information from CoinMarketCap indicates that the Avalanche token has lost a whopping 5.53% of its value within the past 24 hours at the time of writing. Its current price of a little over $12 per Avalanche (AVAX) coin is a far cry from the over $146 it was sold a year ago, indicating its gradual depreciation over the year. As such, many Avalanche investors are disappointed, and are aware that Avalanche has a significant way to go to recover this lost value.
ChainLink Falls as the Crypto Market Loses Value
Chainlink is “a blockchain abstraction layer that enables universally connected smart contracts.” Its primary purpose is to allow “blockchains to securely interact with external data feeds, events, and payment methods.”
Chainlink’s current price is $7, a 1.24% depreciation from its value 24 hours earlier. A peek into its price history shows that it gradually depreciated from a little under $53 a year ago to its current value.
Orbeon Protocol Unabatedly Appreciates Amidst Global Crypto Dip
While most tokens have failed to weather the storm of depreciation convincingly, Orbeon Protocol has once again proven why it’s the most resilient project.
For years, startups have been unable to raise capital quickly and efficiently, free of the regulatory red tape that slows fundraising through traditional routes. Meanwhile, everyday investors have been unable to access the venture capital market. This all changes with Orbeon Protocol.
Through its NFT-as-Service (NFTsaS) feature, Orbeon protocol assists startups looking to raise capital by allowing them to mint reward and equity-backed NFTs as a form of fundraising. These can be issued to everyday investors, for purchase as low as $1. In this way, the startups can raise capital quicker and from a much wider source, while investors can access the venture capital market.
The Orbeon Protocol (ORBN) presale has recently begun and industry experts are impressed by its performance so far. They have predicted that the project’s native ORBN tokens, used for governance rights, staking bonuses and more, will surge by at least 6000% at the end of the presale.
Find Out More About The Orbeon Protocol Presale
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