Orbeon Protocol Price Prediction

Orbeon Protocol Price Prediction

Orbeon Protocol Price Prediction: About Orbeon

Orbeon protocol is a crypto crowdfunding platform that allows users to invest in some exciting early-stage businesses. In simple words, various crypto start-ups and other businesses can raise funds through the Orbeon protocol by offering equity-based NFTs.

Here, every investment opportunity of a start-up will be minted into a non-fungible token and then broken into smaller portions so that anyone can invest using smaller investments. Smart contracts will be used to write the terms and conditions of the investment.

All-in-all, Orbeon Protocol creates a transparent funding environment for businesses and investors.

Moreover, all the minted NFTs have a kill or fill functionality, meaning that if a business cannot fill the funding round in the given time, the funds will be returned to the investors.

Following are the three key benefits of the Orbeon protocol:

  • It offers lower gas fees.
  • Orbeon allows the transactions to be completed within seconds (faster speed of transactions).
  • The platform offers enhanced security by leveraging the latest technologies.

The Orbeon protocol aims to create an ecosystem to help investors and businesses bridge the gap between Web2 and Web3 worlds.

$ORBN is the utility token of Orbeon Protocol that enables the users to pay trading fees. Also, the users will be rewarded in $ORBN only. ORBN will have a total supply of 888,000,000. Following mentioned are the primary uses cases of ORBN token:

  • The token holders can stake their $ORBN to earn passive income (the income earned depends on the number of tokens staked and the duration for which they are staked).
  • ORBN allows its holders to participate in the governance of the protocol by providing voting rights.

Orbeon Protocol Price Prediction: Competition analysis

One of the major competitors of Orbeon Protocol, in terms of providing crowdfunding facilities, is Gitcoin.

Gitcoin is a platform and community of creators and builders who are working together to develop the future of the open internet. Gitcoin was launched with the aim to fund builders who are looking for open-source work. It uses “Quadratic Funding” to fund public goods in its quarterly Gitcoin Grants rounds.

“Gitcoin Grants” has provided more than $16 Million in funds to public goods since the time of its launch in 2017.

Gitcoin’s governance token is GTC which is also a mode to progressively decentralize the Gitcoin platform.

What makes Orbeon Protocol different from Gitcoin?

Orbeon Protocol Price Prediction: Recent buzz on Twitter

People are actively talking about Orbeon Protocol and $ORBN on Twitter, as we can see that there are more than 100 tweets about the crypto within a day.

One of the reasons for this activity is that the Orbeon Protocol aims to help start-ups to raise the funds. With the growth of the start-up industry, helping the companies arrange the funds for their start-ups looks like a promising idea.

Orbeon Protocol Price Prediction: Price movements of ORBN’s competitor

Let us also analyze the price history and movements of GTC (the notable competitor of ORBN). The current market price of Gitcoin (GTC) is $1.16 and is marginally down by 1% in one day.

Performance in the last 1 year:

Orbeon Protocol Price Prediction

Image: GTC’s one-year graph

As we can see in the graph attached above, GTC’s price a year ago was $9.9, meaning that the price declined by 88.28% in one year (though the decline wasn’t very consistent throughout).

Performance in the last 3 months:

Orbeon Protocol Price Prediction

Image: GTC’s 3-month graph

GTC’s 3-month data indicates that its price has declined by around 17.8%, considering its price 3 months ago was $1.96. Moreover, GTC’s price reached a peak at $3.3 in November 2022.

Performance in the last month:

Orbeon Protocol Price Prediction

Image: GTC’s 1-month graph

GTC’s price has fluctuated a lot in the last month i.e., it reached the lowest price of $1.4 and the highest price of $2 during this month. However, its price one month ago was $1.83, indicating a decline of nearly 12% in one month.

Performance in the last week:

Orbeon Protocol Price Prediction

Image: GTC’s 7-days graph

The above graph depicts that GTC’s price has declined by almost 11% since a week, keeping in mind its price a week ago was $1.81.

Gitcoin’s performance since a year indicates that its price has severely declined since then. Moreover, it is 93.4% below its all-time high price of $24.49.

Orbeon Protocol Price Prediction: Frequently Asked Questions

When will $ORBN be launched?

Orbeon Protocol’s whitepaper says that the $ORBN token will be launched on 30th January 2023.

Where will $ORBN be launched?

Once the pre-sale period is over, ORBN tokens will be first launched on UniSwap.

Current market scenario for the crypto to be launched

The data suggest that more than 15% of the US population is actually involved in start-ups only. And, the start-up industry is expected to grow further in future as well. Therefore, there is indeed a huge need for funding platforms as well.

Moreover, the reports say that global crowdfunding is expected to grow at a CAGR of 16.4% to reach a value of $42.93 billion by the end of 2028.

As we have studied the Orbeon Protocol aims to provide a crowdfunding platform to new and growing businesses, hence, it seems to have potential. Also, the platform is unique in itself because it will primarily focus on crypto startups through NFT minting.

Moreover, the NFT industry is also expected to grow at a CAGR of 35.7% by the end of 2028, meaning that Orbeon Protocol is literally touching every growing industry. Furthermore, it doesn’t have many direct competitors, meaning that it looks like a differentiated platform.

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Charu Taneja

Charu Taneja