Orbeon Protocol (ORBN), Dogecoin (DOGE), and Cronos (CRO)
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The crypto market is full of golden opportunities and portfolio-draining investments. Therefore, it is important to carefully research decisions to find which investments can yield unstoppable growth.
Every day, innovative projects are stepping into the limelight, and Orbeon Protocol holds exceptional promise with a forecasted 6000% growth, aimed at disrupting traditional funding. Whether you should invest during its ongoing presale, or choose existing projects like Dogecoin or Cronos, is analyzed in this article.
Dogecoin Turns Bullish
Like every other cryptocurrency, the price of Dogecoin fell deeply this year. However, the meme coin was able to preserve its price and hold its ground.
Dogecoin traded about 76% below an all-time high price of $0.74 at the beginning of 2022. Its price on January 1st was $0.175. However, Dogecoin also went down below the $0.05 range. Its downward movement only saw a small retracement to about $0.60. Both RSI and moving averages indicate a strong bearish trend at that time.
Fortunately, it broke out of the range and bounced off the $0.05 support level before rising above $0.15. The current price of Dogecoin is $0.08. So far this year, Dogecoin is down considerably by 50%.
Although Dogecoin is still trading within a range on the higher time frame, the first bullish leap is good news for the DOGE community and token holders. If it can break the immediate resistance level and supply zone, Dogecoin will be confirmed bullish.
Cronos (CRO) In a Tailspin
In the last few days, the Cronos token, the native utility token of the Cronos chain, has registered new lows as its price continues to be strongly bearish. The bearish economic conditions throughout this year were not helpful for hopeful Cronos token investors. However, expert analysts are watching key support and resistance levels to determine whether holding Cronos could be profitable.
Cronos started trading at $0.56 at the beginning of 2022. However, it has broken three crucial support levels at $0.14, $0.11, and $0.86, which were created last year. Unfortunately, Cronos price continues to breach key price levels with a significant value on Volume Profile Indicator. This simply indicates that many holders are selling off the token.
The next key support level is the $0.05 price point created in 2022. Meanwhile, the token is currently trading at a yearly low price of $0.067, and bad news may speed up its drop. So far this year, Cronos has crashed by more than 87%, and technical indicators show strong bearishness.
Orbeon Protocol (ORBN) Expects 6000% Rise in Presale
Despite the uncertainty that has befallen markets, some cryptocurrencies, like Orbeon Protocol (ORBN), were able to withstand the storm. The token is the native utility currency of Orbeon Protocol, a decentralized crypto-based launchpad for crowdfunding and venture capital.
Orbeon Protocol became the talk of the hour after expert investors predicted that its token would rise by 60x during presale. The platform aims to revolutionize investment, allowing venture capital-seeking startups to connect with everyday investors, develop a community and successfully nurture ideas.
The investment platform allows any kind of investor to access previously unavailable funding rounds, by minting equity-based NFTs to represent startup equity requirements. Users can then buy a fractionalized part of these NFTs as their share in a vetted unicorn startup or business for as low as $1.
In addition to this, multiple security measures have been implemented, keeping users safe from losing their assets. This includes careful screening of companies and startups, as well as a unique “Fill or Kill” mechanism, ensuring users are automatically reimbursed if a company fails to meet funding goals.
Orbeon Protocol (ORBN) started selling at $0.004 in its first presale stage, and analysts are confident that it will surge by more than 6000%. This is due to ORBN’s multiple use cases within and outside Orbeon Protocol, especially for gaining access to staking, cashback rewards and exclusive funding rounds on the platform. ORBN has already seen a 260% price rise and is now trading at $0.014 in the second presale stage, with plenty more to come.
Find Out More About The Orbeon Protocol Presale