Despite price increases throughout January, Monero (XMR) and Chainlink (LINK) have experienced declines in trading volume. Recent market corrections have cast a cloud of doubt among investors, who are now less willing to buy into projects.
While this could negatively impact Orbeon Protocol (ORBN), the project continues to thrive, with an ROI of 1815% since its first presale round.
Monero (XMR) down 13% in 30 days
Monero (XMR) is designed to enhance trader privacy. Monero (XMR) lets investors buy and sell cryptocurrency without ever having to reveal their identity. While many blockchains offer anonymous transactions, Monero (XMR) takes this to the next level. As a result, Monero (XMR) has been used for an illicit activity online, which has resulted in some bad publicity.
Nonetheless, Monero (XMR) is still commonly used among investors who want to remain anonymous, with a daily trading volume of around $76 million. The price of Monero (XMR) has decreased by 13% in the past thirty days, taking its value to $152.21. This has further decreased trading volume and caused some investors to sell their Monero (XMR) for higher-return projects.
Chainlink (LINK) price rises despite trading volume decrease
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Chainlink (LINK) connects blockchain-based projects with real-world businesses to gather the latest data. Chainlink (LINK) keeps DeFi projects in the loop and allows for applications such as DeFi betting. With this level of utility, it is no surprise that Chainlink (LINK) has seen positive price movement.
Over the past thirty days, Chainlink (LINK) has increased by price by 11.21%, taking its value to $7.77. This is a breath of fresh air for Chainlink (LINK) holders following months of gradual price declines. Although trading volume is still down, a price increase could be followed by a surge in trading volume, with Chainlink (LINK) potentially offering great returns in March.
Orbeon Protocol (ORBN) unaffected by turbulent trading volumes
While a market reset has impacted the general cryptocurrency market, Orbeon Protocol (ORBN) remains unphased. Over the last month, Orbeon Protocol (ORBN) has hit new highs of $0.0766 and is on track to sell out its latest presale round in the next seven days. So how is Orbeon Protocol (ORBN) outperforming the market’s most popular cryptocurrencies?
Unlike many new DeFi projects which rely on hype, Orbeon Protocol (ORBN) offers fantastic utility and a unique use case. Using the Orbeon launchpad, a multi-chain DeFi funding alternative, real-world startups can raise development funds by selling NFTs. Each NFT represents a share in their business & can be sold for as little as $1 due to NFT fractionalization.
NFTs can be purchased with Orbeon Protocols (ORBN), with ORBN being used throughout the Orbeon ecosystem. Investors who hold Orbeon Protocol (ORBN) tokens will earn several bonuses throughout Orbeon Protocol (ORBN). These include voting rights, early access to funding rights, and trading discounts to optimize returns.
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With the potential to disrupt a multi-billion dollar market, analysts believe that Orbeon Protocol (ORBN) could hit highs of at least $0.24 before its presale ends, putting the project in extremely high demand before its price rises again.
