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Shiba Inu (SHIB) And Theta Network (THETA) Seem Too Volatile To You? Meet Orbeon Protocol (ORBN)!

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Theta Network (THETA) and Shiba Inu (SHIB) are two coins that have seen significant fluctuations in the last week. And although they are sluggishly making an effort to bounce back from a terrible crypto winter, a project in Stage 11 of its presale has caught the interest of various renowned experts with its current value of $0.0921 a 2203% price increase from initial value. Today, we will look closer at Orbeon Protocol (ORBN), an upcoming game-changer! Let’s dive in! 

>>BUY ORBEON TOKENS HERE<<

Shiba Inu (SHIB) 

Shiba Inu (SHIB), the popular meme-inspired crypto, has recently seen a remarkable rise in its burn rate, shooting up to around 5,000%. However, this burning did not result in positive movements for the Shiba Inu (SHIB) coin. 

Currently, Shiba Inu (SHIB) has a value of $0.00001079, which is a decrease of 0.98% in the last 24 hours. The trading volume for Shiba Inu (SHIB) has also decreased by 3.41% in that same time and sits at $314,727,742. 

The technical analysis for Shiba Inu (SHIB) also displays a strong sell signal, with its moving averages and indicators in red. Bullish analysts predict that Shiba Inu (SHIB) may pass the $0.00001490 level by the end of 2023. Those who expect a $1 valuation from Shiba Inu (SHIB) will soon be disappointed. 

>>BUY ORBEON TOKENS HERE<<

Theta Network (THETA) 

Theta Network (THETA) has announced its new collaboration with ABS-CBN, the top content provider in the Philippines. Theta Network (THETA) will partner in the Web3 video infrastructure for ABS-CBN’s business divisions.

Theta Network (THETA) is trading hands for $1.02 with a market cap of $1B, down 0.52% overnight. The trading volume for Theta Network (THETA), however, has jumped by 45% in that same period. Sentiment around Theta Network (THETA) is bearish, with the technical indicators also showing a sell signal. 

Analysts believe Theta Network (THETA) could reach $1.14 before heading south again. Even if Theta Network (THETA) manages to see an upward movement, investing in projects with long-term growth potential would yield more gains in the long run. 

>>BUY ORBEON TOKENS HERE<<

The Orbeon Protocol (ORBN) 

By creating the first decentralized investment platform where anyone may buy equity-based fractionalized NFTs, Orbeon Protocol (ORBN) will help regular investors and innovative businesses during their early stages. 

Say you are the owner of a company needing capital; you can now launch a financing round on the Orbeon Protocol (ORBN) protocol as they will mint fractionalized NFTs based on rewards or equity. Afterward, Orbeon Protocol (ORBN) will enable investors of all income levels to purchase them partially for a very affordable price ($1 even)! 

Not only that, Orbeon Protocol (ORBN) will have multi-chain capabilities – allowing users to trade across multiple blockchains like Polygon (MATIC), Solana (SOL), and Binance (BNB) for a reduced cost. These features will be driven by its native token ORBN, currently available for just $0.0921. 

Holding this token will give you access to passive income through staking, trading cost discounts, and governance voting rights. But do not wait, as only 355,200,000 tokens will be available during its presale, and they are selling fast – so much so that experts predict their value could reach $0.24 by the presale’s finish! 

If you are interested in what some analysts believe could be the best investment option for 2023, register for the ORBN presale below! 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Katy Perry announces NFT in collaboration with Theta Labs

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The non-fungible token [NFT] space has taken the virtual realms of art, music, and sports by storm. The heat is yet to escape the market as NFT continues to attract not just crypto millionaires, but also tech moguls, and even celebrities.

The latest to join the hype train is American singer and songwriter, Katy Perry who announced launching NFTs for fans worldwide and the acquisition of a stake in the blockchain video-delivery network Theta Labs.

Katy Perry x Theta Labs’s new NFT

With the collaboration, the first digital collectibles are set to feature content from Katy’s upcoming “Play” residency at the brand new Resorts World Las Vegas hotel, which starts this December.

Theta Network’s NFT marketplace, ThetaDrop, is run by the Theta protocol and a native blockchain that is vastly different from other non-fungible token platforms since it is focused primarily on the media and entertainment industry.

Perry was quoted saying,

“I’m both excited and curious to be launching my first ever non-fungible token later this year with Theta Network. This is a new, unique opportunity to connect with my fans around the world even if they aren’t with me in Las Vegas.”

She also added,

“I can’t wait to dive in with the Theta team on all the exciting and memorable creative pieces, so my fans can own a special moment of my residency that’s both a digital collectible as well as an IRL experience.”

Hype Revived?

With all the excitement surrounding the non-fungible token marketplace, a healthy correction was imperative. As far as numbers are concerned NFT sales were estimated to be $93 million in the fourth quarter of 2020, soon after which it shot up to more than $2 billion in Q1 2021, meaning a rise of over 2000 percent in a span of few months.

One of the main reasons that can be attributed to the minor slump in the numbers in the following quarter was some good old-fashioned supply and demand. Many in the community speculated that a period of hypergrowth was primarily triggered by a massive frenzy of NFT creators to foray into space as a result of which the supply of NFTs vastly surpassed the demand, this driving NFT prices to take a plunge and creating headwinds against price appreciation.

Despite this, the market saw the entry of numerous celebs of late which can reflect a rising demand.

No signs of respite for THETA; revisit to $6-support area imminent

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Once gracing the top 10 cryptocurrency leaderboard, Theta’s tumble has resulted in a drop all the way to the 17th spot. Its recovery over the week has not been impressive as the digital asset faced significant resistance at key levels. As a result, the weekly losses extended all the way to 6.75%

Theta was down by 7.79% over the past 24-hours which drove its price to $8.15. At the time of writing, the crypto-asset was recorded a market cap of $8.24 billion and a 24-hour trading volume of $240 million.

Theta Daily Price Chart:

Theta formed a head and shoulder pattern on its daily price chart as its uptrend since the mid-May crash was met with multiple drawdowns from selling pressure near the local tops. This reversal pattern could prove damaging for the price of the digital asset. Further confirming the bearish trend was the volume indicator which was considerably higher during the advance of the left shoulder than during the advance of the head of the pattern formation. This is a major warning sign as the volume took a plunge which coincided with the new high of the head.

The moving averages also depicted a similar sentiment. The 50 DMA [Pink] sustained a bearish crossover with the 100 DMA [Blue] above the Theta price candles indicating that the bulls have so far failed in defending the area.

The red closing bars of Awesome Oscillator depicted a slowly growing bearish momentum in the Theta market. A bearish phase was also suggested by the Klinger Oscillator. The RSI, below the 50-median line, further indicated a sentiment of rising selling pressure in the market.

The pattern and the indicators, all point towards a strong bearishness in Theta’s price. Hence, a pullback is imminent. The bears could try to sink the crypto-asset’s price to its immediate support level of $5.88, meaning a loss of almost 30% from the press time price. However, if it fails to launch defense in this area, Theta risks damaging fall to other support levels of $4.16 and $1.8 respectively.

The nearest resistance levels, on the other hand, stood untouched at $9.62 and $12.27 respectively.

THETA Becomes The 9th Largest Crypto-Asset; Nears $14

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The decentralized blockchain-based video delivery network, Theta Network’s native token, THETA, has risen from being an underdog to cracking the top 10 list of CoinMarketCap. The token is now the world’s ninth-largest cryptocurrency by market cap after it raked in profits of nearly 100%

It surpassed several popular coins such as Bitcoin Cash [BCH], Litecoin [LTC] as well as the DeFi token Chainlink [LINK], along the way to climb the leaderboard. The crypto-asset has been on a steady rise since the beginning of the year. But it was in the month of March when it saw a massive breakthrough as the price surged parabolically.

THETA was currently worth $13.64 after an appreciation of 20.67% over the past day. It recorded a market cap of $13.7 billion and a 24-hour trading volume of $2.86 billion.

THETA Daily Price Chart:

THETA followed a massive uptrend which does not appear to hit a pause in the current level. In fact, it has even outperforming Bitcoin’s late-2020 rally.

Validating the presence of the bullish phase, the gauge between the 100 DMA [Blue] and the 50 DMA [Pink] continued to go steady after the bullish crossover over three months back. The crypto-asset found significant support from the daily moving averages which were also sloping up in tandem with the price candles.

The Chaikin Money Flow [CMF] noted a minor dip depicting a reduction in capital inflow into the coin market and hence a potentially bearish reversal. The MACD, however, indicated a strong buying demand with the ongoing bullish trend.

The RSI shot above the overbought zone depicting a sentiment of strong buying pressure in the market as THETA continued to hover close to its all-time high.

The above chart noted that the bulls are in command right now. Hence, THETA could potentially climb to new heights. However, a scenario of a shallow correction or a range-bound consolidation could also come into transpire. In which case, the immediate support levels such as $8.2 and $6.79 could be at play.