Since the start of this year, the market has maintained a bearish outlook, causing investors to lose millions of dollars. Investing in tokens like Avalanche (AVAX), FTX Token (FTT), and Orbeon Protocol (ORBN) could be the magic needed to transform your portfolio.
Orbeon Protocol is being tipped for 6000% growth during phase 1 of its presale. Read on to find out the performances of these tokens and what the development teams are doing to improve the outlook of each of these projects.
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Avalanche (AVAX) Gives Hint on Growth
The constant crypto crashes that has decimated the prices of Bitcoin and most altcoins has also affected Avalanche (AVAX), although the developmental team has assured investors and traders that it is doing everything possible to revamp the project. Avalanche (AVAX) dropped below its 50-day moving averages due to last week’s price correction. Experts predict a crucial indicator for Avalanche (AVAX), a well-known Ethereum competitor. They believe that if the project can reclaim the moving averages, it certainly would trigger a huge price rally.
Avalanche (AVAX) is a decentralized, open-source proof-of-stake blockchain. It has smart contract functionality that makes it different from other blockchains. Avalanche native token, AVAX, is set to revolutionize the blockchain industry. As of the time of writing this piece, Avalanche (AVAX) trades for $14.20 USD with a 24-hour trading volume of $734,059,582 USD.
FTX Token (FTT) Heads Towards Zero After Liquidity Crisis
The trading volumes and market activities of FTX Token (FTT) have dramatically decreased in the last 48 hours of trading. In fact, FTX Token (FTT) depreciated in value in the last 24 hours. Due to the crypto meltdown, FTX Token, an exchange based in the Bahamas, and the third largest in the world in terms of trading volume, has dropped to a 52-week low of $21.15.
The competition in the crypto exchange market is highly fierce. FTX Token (FTT) is competing with industry giants like Binance (BNB) and Coinbase (COIN). Another major reason that could be the cause of the token dip may be the rising need for regulatory requirements. The FTX Token (FTT) team has promised that it is doing everything within its powers to ensure that the token rebounds. In fact, they have taken steps to list its native token, FTT, on major exchanges.
As of press time, FTX Token (FTT) traded for $2.79 USD with a 24-hour trading volume of $1,008,690,676 USD.
Orbeon Protocol (ORBN) Continues To Attract More Investors
Orbeon Protocol (ORBN) continues to gain traction, with more and more investors jumping on the bandwagon. The project is a new entry into the crypto and NFT industry. The project makes it easy for anyone to fractionally invest in early stage businesses that have shown signs of progress with as low as $1.
Orbeon Protocol has a native token with the symbol – $ORBN. The token is used to power the Orbeon Protocol ecosystem. Orbeon Protocol has a swap protocol, an exchange, as well as a wallet service. Experts predict that in the coming weeks, Orbeon Protocol will surge by 6,000% during the pre-sale.
Considering the real-world use-cases that Orbeon Protocol (ORBN) comes with, Avalanche (AVAX) and FTX Token (FTT) tokens are considering a shift to join the bandwagon.
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