This week, the collapse of Silicon Valley Bank has sent shockwaves through the cryptocurrency industry. Bank runs have caused chaos as customers to rush to withdraw their funds, leading to a spike in Bitcoin (BTC) and Ethereum (ETH) prices. Meanwhile, the Orbeon Protocol (ORBN) raised by 2203% in its presale, making it one of the most successful token sales to date. Let’s take a closer look at the situation.
Orbeon Protocol (ORBN) represents a revolutionary, decentralized approach to crowdfunding, pioneering a new era in fundraising. Utilizing fractionalized NFTs as a form of crowdfunding, Orbeon Protocol (ORBN) simplifies the fundraising process for early-stage startups while offering enhanced accessibility and liquidity to investors.
By minting fractionalized NFTs as a way to fund their seed rounds, Orbeon Protocol (ORBN) enables the next generation of early-stage startups to raise funds quicker and with less difficulty while providing greater access to a wider range of investors who may have been previously excluded from early-stage investments due to high entry barriers.
Orbeon Protocol (ORBN) takes decentralization one step further with the use of smart contracts on the Ethereum (ETH) blockchain, which allows Orbeon Protocol (ORBN) users to create, buy, and sell fractionalized NFTs in a secure, transparent environment.
The ORBN token serves as the foundation of Orbeon Protocol (ORBN)’s decentralized crowdfunding ecosystem, facilitating payments for various services like token listings and transaction fees. Possessing ORBN tokens also grants additional perks, including staking rewards, priority access to new NFT listings, governance, and more.
By engaging in the Orbeon Protocol (ORBN) presale discount, investors have the opportunity to establish a favorable position before the platform officially launches and becomes accessible on major exchanges. Having already surged by over 2203%, Orbeon Protocol (ORBN) is set to continue the bullish momentum well after the conclusion of its presale.
Bitcoin (BTC) is the undisputed titan of the cryptocurrency world, often compared to digital gold. With Bitcoin (BTC) challenging the status quo, the Bitcoin (BTC) market has faced extreme volatility, as well as heavy scrutiny.
Bitcoin (BTC) has always demonstrated remarkable tenacity by bouncing back from market dips and reaching new record highs. 2022 proved particularly turbulent, with the digital asset plunging from $68K to a low of $15.6K.
Nevertheless, Bitcoin (BTC) has made a remarkable comeback, surging past $28K and setting its sights on the $35,000 milestone. This unexpected upswing has rekindled investor confidence in cryptocurrency.
The recent bank runs in the USA may have contributed to Bitcoin (BTC)’s resurgence. Untethered to any government or central authority, Bitcoin (BTC) is perceived as a secure asset due to its decentralized nature and limited supply, offering a financial refuge amid uncertain times.
Ethereum (ETH), the runner-up in the realm of cryptocurrencies, is a blockchain platform that has experienced its own share of roller-coaster moments. During the 2020/21 market surge, Ethereum (ETH) saw a remarkable 2000% growth, reaching a peak of over $4.8K, before taking a nosedive and hitting a low of $890 in 2022’s summer months.
The good news is that Ethereum (ETH) has since regained momentum and has demonstrated a steady upward climb in recent times. Within this year, Ethereum (ETH) has already risen by over 50%, achieving a current valuation of $1,750.
Bitcoin (BTC) can be credited with driving Ethereum (ETH)’s recent success, as the two coins typically move in tandem. In addition, Ethereum (ETH) is gaining traction due to the ongoing Ethereum 2.0 upgrade, which is slowly taking shape.
Where Ethereum (ETH) goes next is anyone’s guess. However, with the ongoing bank runs attracting investors to the safe haven of cryptocurrency, Ethereum (ETH) looks set to see further growth in the coming months.
Find Out More About The Orbeon Protocol Presale
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