Though the market crashes triggered by Terra (LUNA) debacle in May and the FTX implosion in November have led to huge corrections in token prices this year, there has been no decline in new and exciting project launches. One such project, which has quickly grabbed investors’ attention, is the Orbeon Protocol (ORBN).
The price of Orbeon Protocol has jumped 260% during the presale amid huge demand for this token. Interestingly, Orbeon Protocol has performed better than popular cryptocurrencies like Aave and Cosmos, both ranked among the top 50 by market capitalization on CoinMarketCap. This article looks at why Orbeon Protocol is rising faster than Aave and Cosmos.
The extreme volatility of Cosmos (ATOM) frustrates investors
Little gain and more pain – this has been the story of Cosmos in 2022. Every surge in ATOM price has been followed by big falls since the start of the year, as per CoinMarketCap data.
On the first day of 2022, Cosmos was trading near $32. It surged to $43 by January 17. By February 22, the ATOM price was down to $23 before it rose again to $34 by March 4. However, the ATOM started falling again, hitting a low of $6 on June 6. The cryptocurrency showed some resilience in the following weeks, as it recovered to $16 by September. This was again followed by another round of downturn.
Cosmos is currently trading near $9.84, down 35% in the last 14 days. ATOM also lost 78% of its value from the all-time high of $44.70 on September 20, 2021. With the market still adjusting to the new reality following the FTX collapse, there is little hope of big gains for Cosmos (ATOM) investors.
Poor performance drives Aave (AAVE) investors away
Like Cosmos, Aave has also been extremely volatile this year. In the first week of January 2022, Aave was trading near $267. It fell to $146 in January, and by March 15, AAVE was down to $118. However, Aave recovered more than 100%, rising over $245 by April before hitting the downward curve once again.
During the crypto market crash in May, Aave fell to $77 and further to below $50 in June. The current price of AAVE is $59, down 91% from the ATH of $666.86.
As a decentralized finance protocol, Aave allows people to lend and borrow crypto. However, the cryptocurrency’s poor show in 2022 drives investors away to other sunshine projects.
Huge demand pushes Orbeon Protocol (ORBN) price up
Orbeon Protocol is a new blockchain-based investment platform redefining crowdfunding and venture capital. Orbeon Protocol allows promising real-world startups and early-stage businesses to meet their capital requirements by raising funds from the crypto community by issuing fractional non-fungible tokens (NFTS) representing equity or rewards. Individual investors can purchase these NFTs for as little as $1 each and stand a chance to profit from the growing business.
Since ORBN serves as the utility token of Orbeon Protocol for transactions, investors are seeing a big growth potential in this cryptocurrency. Thus, the ORBN token is rising in value, also due to its benefits like staking bonuses and governance rights.
Unlike Aave (AAVE) and Cosmos (ATOM), Orbeon Protocol (ORBN) has seen huge demand from investors in a quick time. Currently, in presale, ORBN price has jumped 260% to $0.0144.
Orbeon Protocol (ORBN) token was initially offered in the presale at a price of $0.004. Analysts believe that the price of the ORBN token could rise 6000% during the presale to $0.24 if the strong demand continues.
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