PancakeSwap (CAKE) and Binance Coin (BNB) both experienced huge price increases during January and early February. However, this growth has slowed significantly following a general market correction. Now, both cryptocurrencies are decreasing in price, with trading volume crashing as a result. Meanwhile, Orbeon Protocol (ORBN) is over 65% sold out during its latest eighth presale stage.
PancakeSwap (CAKE) Down 40% In Thirty Days
PancakeSwap (CAKE) is a decentralized cryptocurrency exchange that lets users trade cryptocurrency while remaining anonymous. PancakeSwap (CAKE) specializes in BEP-20 tokens, and can be used by simply connecting a cryptocurrency wallet such as MetaMask. Users on the platform can also stake cryptocurrency and buy NFTs through the PancakeSwap (CAKE) NFT market.
In January, the price of PancakeSwap (CAKE) increased from $3.18 to highs of $4.67. However, PancakeSwap (CAKE) has experienced a disappointing mid February result. Its value has decreased by 40% in the past thirty days, with one PancakeSwap (CAKE) token being worth $3.96. This has caused a decline in trading volume and has damaged investor confidence in the project.
Binance Coin (BNB) Trading Volume Down
Binance Coin (BNB) trading volume is also down, following several weeks of turbulent prices. Binance Coin (BNB) is the native cryptocurrency on the Binance exchange, the largest centralized exchange in the world, with around 90 million active users.
Much like PancakeSwap (CAKE), Binance Coin (BNB) started 2023 with huge price increases, taking Binance Coin (BNB) to $333. Recent market declines took Binance Coin (BNB) to below $300, with slight price increases to the Binance Coin (BNB) current value of $301.16. Despite a slight rise, market turbulence has turned many investors away from Binance Coin (BNB), with a 14.15% decrease in daily trading volume.
Orbeon Protocol (ORBN) Thrives Despite Market Downturn
Although the general market appears to have taken a hit, Orbeon Protocol (ORBN) has thrived, once again rising in price to $0.0766. As the exciting new DeFi project continues to outperform the market, Orbeon Protocol (ORBN) investors are now asking how high it will go.
Orbeon Protocol (ORBN) is designed to influence the crowdfunding market with its multi-chain DeFi launchpad. Using the Orbeon launchpad, new businesses can raise funds by selling equity-backed NFTs. Each NFT will represent a percentage of their business and is fractionalized so investors can buy a share of the NFT for as little as $1.
While raising funds, startups will be able to build a community of investors, rewarding them with special NFTs. To keep investors safe and mitigate risk, rug proof mechanisms have been implemented throughout the Orbeon Protocol (ORBN) ecosystem. For example, mechanisms such as “Fill or Kill” will automatically refund investors if their chosen startup misses its funding targets.
Orbeon Protocol (ORBN) will use ORBN tokens to power its launchpad, as well as its wider ecosystem consisting of a swap, exchange, metaverse, and wallet. 888 million tokens will be created, with 53% of the supply being sold during the Orbeon Protocol (ORBN) presale. Stage eight of the Orbeon Protocol (ORBN) presale is already more than 65% sold out and, with increasing demand, is on track to sell out by the end of February.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
The post PancakeSwap (CAKE) and Binance Coin (BNB) Are Trending, Orbeon Protocol (ORBN) Stage 8 Close To Selling Out appeared first on Analytics Insight.
