Meme coins such as Shiba Inu (SHIB) and ApeCoin (APE) are unpredictable, purely speculative assets. But thanks to Orbeon protocol, you could perhaps put your meme coins to use and participate in crowdfunding and venture capital from as low as $1. The Orbeon protocol (ORBN) presale is open and will run until January 14, 2023. Analysts are predicting that the price could rise 6,000%.
So, what exactly is the Orbeon protocol, and how can you buy ORBN tokens?
Orbeon protocol is one of the most enterprising and multi-faceted venture capital and crowdfunding platforms. Anyone can now invest into unique startups with relative ease by utilising fractionalized NFTs. Orbeon Protocol provides early-stage businesses with an innovative method to raise funds and offer their community rewards and equity-based NFTs.
The big question is how Orbeon Protocol is revolutionizing the crowdfunding and venture capital industry?
The Orbeon Protocol investment platform makes it possible for businesses to raise funds seamlessly by using Orbeon’s NFTs-as-service (NFTaaS). Businesses that are onboarded onto the Orbeon Protocol platform are minted as an NFT and then fractionalised. By employing this method anyone is able to invest in these startups with only a small amount of capital, while also enjoying full protection from a “Fill or Kill” mechanism. If a startup on the platform does not achieve its fundraising goals the capital invested is fully refunded to investors automatically.
The presale for Orbeon (ORBN) is now live with only 40% of the ORBN tokens are available. After the presale, any unsold tokens will be burnt. Experts predict that during presale, the price of the token will surge from $0.004 to $0.24 by a factor of 6000%.
Is Shiba Inu (SHIB) losing its hype?
Typically, we’d expect a meme coin like Shiba Inu (SHIB) to be volatile. But uncharacteristically, Shiba Inu (SHIB)’s volatility is down about 41% over the past three months. However, Shiba Inu (SHIB) has been up almost 19% in the past two weeks, thanks to increased transactions from crypto whales. One whale purchased over 3.3 trillion Shiba Inu (SHIB), worth about $33.6 million.
Despite this, data shows that Shiba Inu (SHIB) holding among the top Ethereum whales has declined. More so, the recent announcement by FCF Pay that it will support Shiba Inu (SHIB) in its prepaid debit cards. And that means Shiba Inu (SHIB) holders can use it to pay for Netflix subscriptions and spend on Amazon. But this failed to create a buzz for Shiba Inu (SHIB). In fact, from the sound of it, it appears that Shiba Inu (SHIB) fans on Reddit were disappointed by the news. But that’s primarily because neither Netflix nor Amazon accept Shiba Inu (SHIB) directly.
But on the flip side, the recent surge in the Shiba Inu (SHIB) burn rate could prove bullish to the meme coin. Over the past week, Shiba Inu (SHIB)’s burn rate has averaged around 1700%, even though it’s experiencing a high supply inflation rate of 7.93%.
ApeCoin (APE) could be in trouble with the SEC
ApeCoin (APE) is APE Ecosystem’s utility token. It’s inspired by the Bored Ape Yacht Club (BAYC) project from Yuga Labs and supported by the APE Foundation.
Since ApeCoin was listed on major crypto exchanges, ApeCoin (APE) is down about 82% from its all-time high of $27.6 in April. Although listed at a time of increased market hype around NFTs and metaverse, the ApeCoin (APE) price has remained largely depressed. Data from Santiment shows that ApeCoin (APE) active addresses have declined for the past 90 days. Trading volume has also dropped drastically over the past three months.
Although ApeCoin (APE) rallied almost 20% towards the end of October, the outlook still paints a picture of a depressed market. This is especially fueled by news that the US SEC could investigate whether NFTs offered by Yuga Labs broke security registration regulations. And even though Yuga Labs announced in October that it will add another game to the Otherside Metaverse sometime in 2023, the SEC news will continue looming over ApeCoin (APE).
Find Out More About The Orbeon Protocol Presale
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