Orbeon Protocol (ORBN) Leads the Utility NFT market as MakerDAO (MKR) and Axie Infinity (AXS) Struggle

08 November,2022 11:46 AM IST |  Mumbai  |  BrandMedia

The cryptocurrency bear market has been hard on legacy projects such as MakerDAO (MKR) and Axie Infinity (AXS) with steep losses on their tokens.


Both projects were early leaders in their sector but are now facing strong competition. Orbeon Protocol (ORBN) may be a better investment for the next cryptocurrency bull market as it seeks to democratize access to the world of venture capital investing, offering huge real-world use cases. Read on to find out why MKR and AXS have struggled, and why ORBN is expected to surge by 6000% during presale.

>>BUY ORBEON TOKENS HERE<<

MakerDAO (MKR) and Axie Infinity (AXS) Lose Investor Confidence

MakerDAO (MKR) and Axie Infinity (AXS) are two projects that saw a loss in confidence and a drop in their respective coin prices. MakerDAO was launched in 2015 as one of the earliest decentralized finance projects. MakerDAO was the first Ethereum-based blockchain to issue loans to users and planned to be the go-to peer-to-peer platform for borrowing, saving, and lending using cryptocurrencies. That was until a big rush of competition into the crypto market, and a crash in the sector due to Terra and general bearish sentiment among investors. The resulting loss of confidence has made it difficult for projects like MakerDAO to recover. As a result, MakerDAO has seen a loss in trading volume of its native token, MKR, and investors are dubious about MakerDAO for future investment.

Axie Infinity (AXS) was another sector leader as the first mass-adopted blockchain play-to-earn game. The platform launched a game under the same name with players battling their Axie NFTs to earn rewards. Axie's AXS token provided in-game utility for the marketplace but met with its own sector-led slide as NFTs followed the crypto market lower. Also, in the same manner as MakerDAO, Axie Infinity is now facing an uphill battle against growing competition.

Orbeon Protocol brings blockchain technology to venture capital

Orbeon Protocol (ORBN) wants to turn the tables of the venture capital industry and give investors access to the same early-round financing deals that Silicon Valley investors can enjoy. As a blockchain investment platform, Orbeon Protocol allows everyday investors to buy into these exciting startups by minting them as fractionalized NFTs. These can be purchased by investors for as little as USD 1 and will open up the market to smaller investors and help startups raise finance more quickly than before. Venture capitalists can be a hard pitch for inexperienced company leaders and Orbeon protocol will provide a more organic platform for gathering funding.

The ORBN token powers the ecosystem for the project, with investors able to stake the coin for passive income. It will also be the governance token for votes on the development of the project. Further rewards will be available, such as trading fee discounts and early access to exclusive funding rounds. The ecosystem will also be well-rounded with a secure wallet for holding and trading NFTs, with fiat onboarding. Orbeon is tapping into a niche area of the crypto market and should provide substantial upside for investors with the ability to avoid congested sectors.

These huge real-world use cases have driven the crypto community into an excited frenzy during Orbeon Protocol's ongoing presale. ORBN tokens can be purchased for USD 0.004, but many investors are looking at Orbeon as a long-term hold, as analysts predict that the token is likely to rise to USD 0.24 by the end of presale.

Find Out More About The Orbeon Protocol Presale

Presale: https://presale.orbeonprotocol.com/register

Website: https://orbeonprotocol.com/

Telegram: https://t.me/OrbeonProtocol

"Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions."
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