Image default

Will Memecoins Return? Shiba Inu (SHIB) and Dogecoin (DOGE) Struggle While Orbeon Protocol (ORBN) Surges


2021 was a big year for memecoins. Projects like Dogecoin (DOGE) and Shiba Inu (SHIB) made headlines after huge price surges in which they made investors millions. Both projects have seen declines in price and have struggled in 2023. Orbeon Protocol (ORBN), on the other hand has hit the market by storm, surging in price while bringing a whole new concept to the DeFi market. 


Dogecoin (DOGE) Price Declines After Disappointing Returns In January 

Dogecoin (DOGE) was the first memecoin to gain traction. Dogecoin (DOGE) first made headlines in 2021, rising in price and hitting an all time high of $0.7316. Despite price decreases, Dogecoin (DOGE) has remained an extremely popular investment, with one of the most active communities worldwide. 

The value of Dogecoin (DOGE) increased from $0.07 to $0.09 in January, though it has since crashed to $0.08078 following the recent market correction. Consequently, many investors are now selling their stake in Dogecoin (DOGE), believing it may be too late to capitalize on the project. 


Shiba Inu (SHIB) Outperforms Dogecoin (DOGE) But Returns Remain Low

Shiba Inu (SHIB) was created to rival Dogecoin (DOGE) and has earned the nickname “Dogecoin Killer”. The Shiba Inu (SHIB) memecoin works in a similar way to Dogecoin (DOGE), using an active community of investors to spread awareness about the project through social media. Previously, Shiba Inu (SHIB) also used bots on Twitter, however these have since been banned. 

Shiba Inu (SHIB) started the year on a high, increasing in value by 67% in January. This caused a rise in trading volume and activity on social media, with many influencers stating Shiba Inu (SHIB) could hit a new all time high. 

However, these statements were short lived, as Shiba Inu (SHIB) has struggled to perform following the recent market correction. The value of Shiba Inu (SHIB) is down by 0.25% in the past five days, while many other projects are increasing in value. 


Orbeon Protocol (ORBN) Offers Utility And Higher Returns Than Memecoins

Orbeon Protocol (ORBN) has already provided an ROI of 1815% for early investors, and has the utility to back up the hype. Orbeon Protocol (ORBN) helps startups raise funds with its DeFi launchpad, the Orbeon launchpad. 

Using the Orbeon launchpad, vetted startups can sell fractionalized NFTs to investors, helping them to raise money. Each NFT will represent shares in their business, and will be held in decentralized Orbeon wallets, where they’ll work much like a traditional share. 

Aside from its launchpad, Orbeon Protocol (ORBN) will also offer a range of opportunities for investors with its swap, exchange and metaverse, with Orbeon Protocol (ORBN) token holders earning rewards throughout the Orbeon Protocol (ORBN) ecosystem.

These rewards currently include staking bonuses, voting rights, access to exclusive investor groups and more. Having recently increased to a new all time high of $0.0766, analysts predict that Orbeon Protocol (ORBN) will reach at least $0.24 before its presale ends. This would offer a similar return to memecoins in 2021, with Orbeon Protocol (ORBN) holding the utility of many of the worlds best DeFi projects. 

Find Out More About The Orbeon Protocol Presale


Source link

Related posts

How Bitcoin’s shifting dynamics can affect BTC

Melodie Denning

Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch

Melodie Denning

Cathie Wood’s ARK offloads GBTC shares again, here’s why

Melodie Denning

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy