The recent collapse of FTX has put pressure on centralized exchanges. At the same time, the demand for self-custodial and decentralized applications (dApps) is on the rise.
As the demand for dApps continues to grow, two projects are very well-positioned to benefit – Ethereum (ETH) and Orbeon Protocol (ORBN). Investors who are looking for exposure to the cryptocurrency sector should consider these two assets.
Ethereum (ETH)
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. These apps run on a custom-built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership. This enables developers to create markets, decentralized apps (dApps) or run decentralized finance (DeFi) protocols. Most importantly, Ethereum is the biggest smart contract-enabled blockchain.
Currently, Ethereum is undergoing a major upgrade – called the merge. Ethereum’s merge is a long process that involves improving the network for scalability, transaction cost and environmental impact. The process involves designing changes to the blockchain architecture, launching it on a testnet, and then ‘hard forking’ the Ethereum mainnet. So far, the merge has been a success. Ethereum successfully moved from a proof-of-work protocol to proof-of-stake.
The move to proof of stake will also help Ethereum gain regulatory support, especially in Europe. EU regulatory authorities have stressed their desire to support a move to a more environmentally-friendly proof of stake.
That’s why analysts believe that the price of Ethereum (ETH) could jump by 5x in the next three months. This would put the price of Ethereum at around $6000 per coin.
Orbeon Protocol (ORBN)
Orbeon Protocol is a new decentralized platform that enables startups to raise money through fractionalized NFTs.
Orbeon Protocol is a more decentralized way of funding projects. Unlike traditional venture capital, it uses fractionalized NFTs (fNFTs) to let everyone invest in early-stage ventures for as little as $1. This is a win-win for both startups and investors, as startups can get access to a much greater pool of capital.
In return for their investment, contributors receive fNFTs that can be used to redeem rewards from the project or exchanged for other currencies. Orbeon Protocol is built on the Ethereum blockchain, making all transactions transparent and secure.
With a focus on security, transparency and decentralization, Orbeon Protocol is set to benefit from a move to DeFi. It could also completely change the way startups are funded.
This is why analysts predict that the Orbeon Protocol token (ORBN) could jump by 600x in the following months. This would put the price of Orbeon at around $0.24 per coin.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
