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Aside from Bitcoin (BTC), Dogecoin (DOGE) is arguably the most famous cryptocurrency in the world. With a dedicated community and celebrity endorsements, Dogecoin reached all-time highs in 2021, despite being created as a meme.
Its price has since plummeted, and projects like Orbeon Protocol have taken the spotlight with huge price surges during its presale. Here’s why experts predict Orbeon Protocol (ORBN) will rise alongside Dogecoin (DOGE) in 2023.
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Orbeon Protocol Predicted To Overtake Dogecoin In 2023
Orbeon Protocol is one of the most highly anticipated DeFi projects of 2023. It aims to disrupt the crowdfunding market with its multi-chain launchpad, which utilizes NFT technology to help startups raise funds.
In the current startup market, businesses are required to compete for venture capitalist funding, often giving away control of their business in the process. Orbeon Protocol changes this with equity-based NFTs. Here’s how it works.
Using the Orbeon Launchpad, vetted businesses can create fractionalized NFTs that represent shares in their business. These are sold directly to investors, who can hold their NFTs in a decentralized Orbeon Wallet or sell it on the Orbeon Swap. To keep investors protected from any malicious businesses, Orbeon Protocol has created a “Fill or Kill” mechanism. If a business fails to meet certain funding targets, investors are automatically refunded.
Integrity plays an important role in Orbeon Protocol, with several security features built into the project. Firstly, liquidity is locked for ten years. Secondly, team tokens are locked for one year and will be released quarterly after month thirteen. Thirdly, the Orbeon Protocol has been successfully audited by Solid Proof. These features guarantee investor safety and have helped build investor confidence during the Orbeon Protocol presale.
The presale is currently in its third stage, with 51,915,974 of 75,040,000 ORBN tokens already sold. In total, 888 million (ORBN) tokens will be created, 40% of which will be sold during the presale. It’s predicted that stage three will sell out by the end of January, with early investors benefiting the most from price increases.
Alongside price increases, ORBN holders will also be granted access to a VIP investor group, earn staking bonuses, and will have governance and voting rights. Analysts have predicted that Orbeon Protocols ORBN will reach $0.24 by the end of its presale, which would mean it will overtake Dogecoin in 2023.
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Dogecoin Continues To Decrease In The Latest Bear Market, Offering New Opportunity to Buy
Dogecoin has one of the most active cryptocurrency communities in the market. Aside from being praised by Elon Musk, the Dogecoin community is continuously creating memes and hype around the project, despite it not having many real-world applications.
In 2021 the price of Dogecoin (DOGE) surged to $0.7316 despite being valued at just $0.002 just one year before. This resulted in global headlines and coverage of Dogecoin, with investors worldwide flocking to buy it.
Hype around Dogecoin has since died down, which is now worth $0.07659. Although the project experiences spikes throughout the year, many investors believe Dogecoin will always be a hype-based investment due to its lack of utility – however, this could lead to a surging price in the near future.
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