In 2022 many cryptocurrencies struggled during the bear market. Some hit all-time lows, while others collapsed entirely. Filecoin (FIL) is a project that struggled, decreasing in value by over 85.10% since the start of 2022. Filecoin recently hit new lows, and with a small bounce in price, many investors are considering this a novel opportunity to buy in.
On the other hand, Orbeon Protocol (ORBN) has risen by almost 1000% during stage three of its presale, which is on track to sell out in the next ten days. Here’s why investors are choosing Orbeon protocol over many traditional investments.
Filecoin Struggles To Gain Traction In The Bear Market
Filecoin (FIL) is a decentralized protocol that lets users rent storage space on their computers. Filecoin (FIL) raised $257 million during an ICO (initial coin offering) in 2017 and was praised for its innovative idea and real-world use case. In October 2020, the Filecoin mainnet was launched, and Filecoin (FIL) quickly hit highs of $61.
Alongside renting out space, users can also buy storage on the Filecoin network. Anyone can join as long as their computers meet the right specification, which has helped create a huge global data storage.
In 2021 Filecoin (FIL) hit highs of $236.84 but has decreased during the bear run. It’s currently valued at $4.40, with slight increases of $0.25 in the last month. However, given its slow increase many crypto investors are looking for alternative funding options to optimize their returns.
Orbeon Protocol Becomes A Leading Presale Investment
Orbeon Protocol (ORBN) is a new presale that has investors excited. Despite the recent market declines, Orbeon protocol has increased in price from $0.004 to $0.0435 in only three months, with additional price surges predicted in the future.
The project offers an exciting DeFi launchpad that combines DeFi technology with crowdfunding. Through the Orbeon Launchpad, vetted startups can raise funds with equity based NFTs. Instead of relying on venture capitalists, startups can sell NFTs that represent equity in their business to retail investors. Each NFT is fractionalized, so investors can buy a percentage of a share for as little as $1.
As part of the Orbeon Launchpad, investors will be protected by a “Fill or Kill” mechanism. This mechanism adds an extra level of security to the platform, automatically destroying smart contracts and refunding investors should a startup miss its funding targets.
Orbeon Protocol will release its own swap, exchange, decentralized wallet, and a Metaverse, as well as a private VIP investor club known as the Winners Circle. To incentivize ORBN ownership, ORBN holders will be granted early access to funding rounds, cashback in USDC, and governance and voting rights.
As of January 2023, Orbeon Protocol is in the third stage of its presale, with 61,031,582 ORBN tokens sold. With huge potential and great utility, it’s expected that this Orbeon Protocol presale will be sold out within the next few days.
Find Out More About The Orbeon Protocol Presale