As the charts go green for the crypto market, Orbeon Protocol, the new blockchain investment platform, has driven investors into a veritable frenzy.
In recent months, these investors have switched from Solana (SOL) and Tron (TRX) for Orbeon Protocol, a project revolutionising the venture capital industry. What makes Orbeon Protocol the most popular new project on the market? Lets take a look and find out why.
Blockchain Platform Solana Struggles To Maintain Consumer Interest
To analyse the switch from SOL and TRX to Orbeon Protocol, we need to look at each of them and find out more, starting with Solana.
Solana (SOL) is a platform on the public blockchain with smart contract functionality. In March 2020, the first Solana block was mined. Solana has, in recent months gained some traction with an upwards rise that has helped to highlight the high usability of the platform. the recent price for Solana today is $31.52. It has an all time high of $260.06.
Solana uses a new consensus mechanism that is fast and reliable. It has no transaction fees and over 500 nodes making it more decentralized than other blockchains. However, the requirement to host a node on Solana is high. It requires up to $4000 worth of hardware. It is a large investment but it is lower than other cryptocurrencies. It is fast and effective. However, in January of this year SOL suffered a drop in the market. It is a high risk asset with a high reward that seems to be stabilizing but if it crashes, recovery would be challenging due to the public-relations nightmare that Solana has been dealing with due to the numerous outages and rampant hacks that have plagued the SOL blockchain.
Tron Declines Despite Bullish Conditions
Tron (TRX) has a unique cryptocurrency that has gained in popularity with gamblers and gamers. Unlike SOL which ranks at 7th by market capitalization, TRX sits nine places below at 16th. Tron is a next generation platform and gives users the ability to create and share content. It helps to manage transactions between creators and their buyers. The NFT the platform will offer is integrated with the Rocket protocol wallet, SDK. Unfortunately, TRX has not been as successful as other blockchains and has steadily declined since 2021.
Orbeon Protocol Soars During Presale
Both Tron and Solana have their merits and different qualities to offer investors. But now, we get to the question. Why are investors moving to Orbeon protocol?
Orbeon protocol has revolutionised the venture capital industry. The decentralised investment platform has opened the possibility of startup investment to everyday investors by offering rewards and equity based NFTs. The investment opportunities provided by innovative startups are minted into fractionalised NFTs with a starting price of $1. Orbeon Protocol has considered the barriers faced by businesses and investors and presented solutions. With Orbeon, businesses can raise funds quicker and cheaper than other platforms using their NFT-as-service (NFTaaS).
The native cryptocurrency is ORBN and offers holders access to exclusive investor groups. It also offers discounts on trading fees, the option for users to vote on key decisions and priority access to upcoming rounds. Orbeon protocol has a multi-chain capability to help users reduce their costs.
Whilst Orbeon Protocol is one of the younger players in the crypto market, their platform offers significantly higher accessibility for new investors and those more experienced in the crypto world. The presale for ORBN tokens is ongoing, with a current trading price of $0.004, however this is expected to surge to over $0.24 by the time the presale ends.