The crypto market boasts some seemingly promising projects for investors. Unfortunately, a lot of them have failed to live up to their expectations as they bow to the sweeping bear market.
As a result, a lot of investors are dumping their depreciating digital assets such as Flow (FLOW) and Theta Network (THETA) for a better-performing Orbeon Protocol (ORBN), having recorded a 260% price increase.
Let’s take a look at why the holders of these tokens dump their digital assets for Orbeon Protocol (ORBN).
Theta Network Aims to Revolutionize the Video Streaming Industry
The Theta network was created as a blockchain-powered network exclusively for video streaming. The goal was to simplify the video streaming process a lot easier for users.
Theta Network was launched in 2019 as a decentralized network where users can conveniently share computing resources and bandwidth through a peer-to-peer mechanism. The team created Theta Network, and its native cryptocurrency token Theta, one of the moves the team took to ensure it achieve its aim of revolutionizing the video streaming industry.
However, contrary to expectations, Theta Network has suffered a great depreciation in the crypto market, forcing holders to consider a better alternative.
Within the past 24 hours, Theta Network has depreciated considerably, losing 1.56% of its value. Over two years ago, Theta Network peaked at $15.90 before it started the downward trend which currently leaves it at $0.94.Theta Network has a significant way to go before it is able to fully recover its price.
Flow: Developer-Friendly Blockchain for Games and App Development Fails to Deliver
Flow is a decentralized blockchain for developers. It was created as a platform for app and game developers to showcase their skills. It also provides the digital asset these professionals need to power their games and applications.
Flow Token is powered by its native currency: the Flow token (FLOW). The token powers the network as the currency the network and applications built on it need to function properly.
While users’ expectations were high, Flow token has failed to justify investors’ confidence in it as it keeps depreciating. From an all-time high of $46.16 two years ago, the token is currently sold for $1.12.
These tokens’ depreciation influenced holders’ decision to find an alternative in the high-performing Orbeon Protocol.
Orbeon Protocol Keeps Appreciating in the Bear Market
Orbeon Protocol has once again justified its reputation as one of the most bankable tokens in the crypto market.
It was created to fill the gap between investors and capital ventures. Thanks to the protocol, business owners can easily raise funds for their startups while investors get the opportunity to invest in startup opportunities that were previously unavailable.
Orbeon protocol helps businesses to raise funds by creating fractionalized non-fungible tokens (NFTs) as a form of fundraising. Prospective investors can purchase these equity-backed NFTs for as low as $1. As well as this, the project’s native token ORBN provides holders with a myriad of benefits in the Orbeon Ecosystem. These include staking bonuses, governance rights and more.
The Orbeon Protocol (ORBN) presale is ongoing and the price is expected to increase by 6000% by the time presale closes. As a result of the demand surrounding the token, ORBN has already seen a 260% increase in price from $0.004 to $0.021, which has further solidified the hype surrounding Orbeon Protocol.