Orbeon Protocol has gotten attention from investors and different people all over the cryptocurrency world. People who are interested in NFTs have also taken notice since Orbeon is a project that has both of those technologies as active components. Orbeon has sold over 63 million tokens so far and their growth continues right through their Phase 1 Presale. Meanwhile, Bored Ape Yacht Club trading volume has turned negative and continues with a downward trend. We’ll start by reviewing BAYC, which is in one of the worst market conditions it has been in for a long time.
BAYC trading volume continues a downward trend
Bored Ape Yacht Club, an NFT collection renowned for its immensely valuable ape NFTs, is seeing a heavy downward trend on trading volume, as it has for the last twenty-four hours. The trading volume has gone down by as much as 22%, and continues to fall, while the value of the NFTs hasn’t risen significantly. Bored Apes has little to offer to investors right now, due to the huge barrier to entry presented by the NFTs exorbitant floor price.
As many investors continue to question the long-term viability of NFT art collections, BAYC and other less dynamic uses of NFTs struggle to maintain consumer interest, as investors seek to put their money into NFTs with more utility and real-world use cases.
Orbeon Continues to Enjoy Huge Attention From Investors
Orbeon Protocol has been seeing mass attention from investors as a more practical and utility-focused use of NFTs. Designed as a blockchain investment platform, Orbeon Protocol is disrupting the venture capital and crowdfunding industries by minting unique and intriguing startup companies as fractionalised NFTs. Everyday investors can then purchase these NFTs for as low as $1, serving as their investment in said company. This system democratizes the VC industry allowing investors to buy into startups for comparatively low amounts of capital. As well as this, startups can gather capital more quickly than ever before.
The interest in this unique use case for NFTs is bolstering interest in Orbeon Protocol immensely, and as a result the native ORBN token has skyrocketed in demand. ORBN provides holders with numerous benefits across the Orbeon ecosystem, including staking bonuses, governance rights and much more.
Conclusion: Orbeon Is Building The Future For NFTs
Orbeon Protocol is, without a doubt, one of the best cryptocurrency ideas of a long time, and people will be talking about Orbeon for years after this successful launch. With the presale generating such amazing numbers, it’s not at all hard to see why investors are frenzied over this project.
Orbeon Protocol is only a few days into its Phase 1 Presale, and already, it continues to enjoy huge attention from investors. There are different numbers being thrown around, but we do know that right now it’s estimated that Orbeon Protocol could draw up to $10.5m from investors during its presale. Considering 63+ million tokens have already been sold, this seems increasingly likely.
ORBN’s current value rests at $0.004, but analysts and experts have already made huge predictions of the coin, with some saying the value will rise as much as 6000% to the significant price of $0.24.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/11/utility-nft-powerhouse-orbeon-protocol-orbn-enjoys-unrivaled-attention-from-investors-bayc-trading-volume-continues-a-downward-trend