Fearing a global economic slowdown in 2022, investors turned to the dollar as a safe haven, making it more valuable than most other world currencies. Bitcoin’s value is inversely related to the US dollar’s value. Cryptocurrency prices are generally adversely affected by a strong dollar.
So is there a good crypto to buy at the moment? The two projects we’re looking at are Cardano (ADA) and Orbeon Protocol (ORBN), both of which have seen a 125% price increase since presale began.
The Cardano (ADA) system was designed with success in mind
At the Web Summit tech conference in Portugal this week, Cadano’s founder Charles Hoskinson offered an overview of the industry’s origins, despite the continued growth of the cryptocurrency industry, as investors and various mainstream institutions increasingly accept its assets worldwide.
According to Hoskinson, the crypto business was born out of fundamental problems with traditional banking during the financial crisis of 2008. He explained that crypto was created to address crippling global issues resulting from traditional finance, the goal of which was to provide a solution rather than a replacement.
Founded in 2017, Cardano is an open source, decentralized blockchain and cryptocurrency that quickly gained popularity among investors. Despite Cardano’s price decline during 2022, experts believe the coin offers long-term value and a solid return. A large part of Cardano’s bullish sentiment stems from its research-first ethos. In addition to being a forward-looking project, Cardano was one of the first to use a “Proof of Stake” consensus system, resulting in a positive community response.
Things are changing for the better thanks to the Orbeon Protocol (ORBN)
The Orbeon Protocol (ORBN) aims to change the paradigm of restricted venture capital forever. Through the platform, start-up businesses seeking funding will be able to connect with investors, offering them the opportunity to invest as little as $1.
As a result, startups can issue fractionalized NFTs, backed by their equity. Investors then purchase these, making it easier for startups to raise money faster and from a wider audience.
ORBN holders enjoy a variety of other benefits. Holders of Orbeon Protocol tokens can stake them to earn passive income. They also get governance rights to vote on key decisions and new projects, and other great benefits such as exclusive investor groups, trading fee discounts, and cash back rewards.
In a nutshell
In the current presale phase, ORBN can be purchased for $0.004. According to experts, the price will reach $0.24 after the presale and full launch in January 2023. Based on the presale figures, Orbeon Protocol is getting a lot of attention from the market, and judging from the market reaction, it is likely to be a big success.