The month of December is always a volatile one for the cryptocurrency market. Many altcoins see big price swings as investors try to capitalize on short-term gains. In this blog post, we will be discussing three cryptos that we believe are worth watching in December: Orbeon (ORBN), Solana (SOL), and Flow (FLOW). With Orbeon Protocol selling out during phase 2 of presale, market experts are predicting a surge of 6000% in the price of the token.
Orbeon (ORBN)
The Orbeon Protocol (ORBN) bridges the gap between early-stage companies in need of funding and the everyday investor. What makes Orbeon stand out is the use of blockchain technology to mint equity-based NFTs, which represent a stake in the startup that is being funded.
This new approach is beneficial for both investors and startups. For investors, ORBN allows them to invest in startups at an early stage with much lower capital requirements than traditional investments. For startups, ORBN provides greater access to investors and more efficient form of raising capital.
The smart contracts used by ORBN are audited and verified by Solid Proof to ensure they work as intended. One such feature of the sophisticated Orbeon (ORBN) smart contracts is the ‘Fill or Kill’ mechanism, which acts as a fail-safe if a project fails to meet its fundraising goals, providing investors with added confidence that their funds are safe.
The ORBN token is at the heart of the ecosystem and can be used for governance, staking, and many other utilities. ORBN holders gain early access to unique fundraising chances, in addition to a cut of the fees gathered.
All in all, Orbeon (ORBN) is a promising project that is set to disrupt the traditional Venture Capital and Crowdfunding model. It is certainly one to keep an eye on in December.
Solana (SOL)
Solana (SOL) is a high-performance blockchain protocol that is built to scale. It offers throughput speeds of up to 50,000 transactions per second, as well as low latency and flexible finality.
Its native token SOL powers the platform and can be used to pay transaction fees and reward validators. With so much adoption from P2E games, DeFi protocols, and NFT economies, the price of SOL saw huge growth during the 2020/21 bull run.
Solana (SOL) has received investment from some of the biggest venture capital funds in the industry. Well, this has come back to bite them as FTX, one Solana’s (SOL) biggest investors, has infamously gone bankrupt, causing the price of Solana (SOL) to drop by over 50% in one week.
While this is bearish news, this leaves massive upside potential for those willing to take the risk and invest in Solana (SOL) this December.
Flow (FLOW)
Developed by Dapper Labs, the creators of Cryptokitties, Flow (FLOW) is a platform designed specifically for blockchain-based gaming and apps. Its high throughput, low latency, and flexible finality make it an attractive option for developers looking to build apps that can scale quickly.
It was born out of the congestion issues that occurred with Ethereum (ETH), as it was unable to handle the success of CryptoKitties. Flow divides the consensus process into four stages, which reduces the responsibility of each node and allows them to process more transactions.
Flow (FLOW) also has strong backing from some of the biggest names in the industry, including Andreessen Horowitz, GV (formerly Google Ventures), Union Square Ventures, and Venrock. Its native token FLOW powers the network and is used to pay transaction fees and reward validators.
Find Out More About The Orbeon Protocol Presale
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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