Federal Reserve raises interest rates by 0.5%. What does this mean for Chainlink (LINK) and crypto dark horse Orbeon Protocol (ORBN)?
The US Federal Reserve has raised interest rates by 0.5%, a move that impacted Chainlink (LINK) heavily, as it struggled to find footing and slipped more than 11% following the FEDs decision.
Orbeon Protocol (ORBN), a platform that mints fractionalized NFTs representing equity, is predicted to see an increase of up to 6,000% in the presale as investors seek alternative opportunities amid rising interest rates.
ORBN is currently in phase 3 of its presale, selling for $0.0302, following a 655% rally in the first two phases.
Orbeon Protocol (ORBN)
Orbeon Protocol is transforming the crowdfunding market by linking entrepreneurs with everyday investors interested in the most innovative new ideas. Orbeon Protocol unites these two groups without needing blind faith.
Orbeon Protocol will enable businesses to raise funds directly from their community quickly and securely while building a more united community surrounding the project. Investors can buy and sell fractionalized NFTs representing equity in the business for as little as $1, removing the barrier of entry to venture capital.
The “Fill or Kill” feature of the Orbeon protocol will refund investors if a fundraising round falls short of its target. “Fill or Kill” is an inherent component of the smart contract and cannot be removed.
ORBN, the native token of the Orbeon Protocol, powers the Orbeon ecosystem. Orbeon Protocol Token holders receive advantages like governance voting rights, staking incentives, and cashback.
Due to its numerous benefits over traditional venture capital funding, Orbeon Protocol (ORBN) has become one of the hottest projects in the DeFi space. ORBN’s presale price has rallied by 655% owing to investor demand and is currently in phase 3. According to experts, the price of ORBN will climb by more than 6000% to $0.24 during the presale. Only 40% of the ORBN supply will be available during the presale.
Chainlink (LINK)
Chainlink was founded in 2017 to attract, connect, and exchange data with external sources. A decentralized network known as an oracle is utilized for this purpose.
The Chainlink network allows connections with several industries, including data suppliers, researchers, and node operations. The LINK intends to ensure that decentralized applications are made available to operators that wish to contribute to network expansion.
The Chainlink token (LINK) is a component of a distributed ledger system that provides incentives for data providers, or “Oracles,” to offer timely, accurate, and trustworthy information from off-chain sources. LINK dropped after the FED announced another rate hike. LINK has lost more than 11.8% in the past seven days.
Oracles are essential to blockchain development because they are the driving force behind some of the most significant advancements in the blockchain sector.
In January, the developers of the Chainlink cryptocurrency announced that version 2.0 of Chainlink’s Verifiable Random Function (VRF) was under development.
The VRF is a trustworthy RNG that enables smart contracts to receive data without affecting the security or usability of the Chainlink network. Some use cases may provide developers with greater freedom, and the upgraded version will accommodate them.
Find Out More About The Orbeon Protocol Presale:-
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
