Solana (SOL) was created in 2020 to rival Ethereum (ETH), offering lower transaction fees and faster speeds. The project quickly caught on, becoming one of the highest return investments of the 2021 bear market. But given the market dominance of Ethereum (ETH), will Solana (SOL) ever be able to compete? While these two titans compete, Orbeon Protocol (ORBN) has offered huge returns for early investors, increasing in price from $0.004 to $0.0835 in four months.
Solana (SOL) Down 6.5% In 30 Days
Since its breakthrough in 2021, Solana (SOL) has become a popular investment in the crypto world. Solana (SOL) is used for NFTs and is held by investors looking to build their portfolios.
On the 20th February 2023, the Solana (SOL) daily trading volume almost hit $1.5 billion, competing with the likes of Ethereum (ETH) and Bitcoin (BTC). Solana (SOL) has also experienced steady price increases over the past two months, in which its value has increased from $9.8 to $22.76.
Despite this rise, the value of Solana (SOL) is down by 6.5% in the past thirty days, while Ethereum (ETH) has increased by 3.28%. This suggests that while Solana (SOL) may be on track to rival Ethereum (ETH), Solana (SOL) is unlikely to do so in the next year.
Ethereum (ETH) Shanghai Upgrade Takes Staking To The Next Level
Ethereum (ETH) currently leads the blockchain market. It’s used for 76% of all NFT projects and has been used to create thousands of decentralized financial applications. After implementing Ethereum (ETH) 2.0, the project managed to solve many of its issues including high fees and slow transaction times.
Now, Ethereum (ETH) has another upgrade planned for the second half of 2023. Known as the Shanghai update, Ethereum (ETH) will experience a number of improvements. Most notably, it will let individuals staking Ether (ETH) withdraw their staked coins and rewards without them being locked. This is a huge update and could be the move that pushes the Ethereum (ETH) market dominance to the next level.
Orbeon Protocol (ORBN) Hits New ATH After Stage Eight Sellout
Orbeon Protocol (ORBN) hit another milestone over the weekend, selling out stage eight of its presale. In the process, Orbeon Protocol (ORBN) increased in price from $0.0766 to $0.0835, making it one of the fastest growing DeFi presales.
Aside from great returns, Orbeon Protocol (ORBN) offers a unique DeFi launchpad that lets startups raise money by selling NFTs. After going through a vetting process, startups can create equity-backed NFTs and sell them directly to everyday investors.
This lucrative fundraising method is a strong alternative to venture capitalists and decentralizes the fundraising process. Orbeon Protocol (ORBN) has implemented several rug prevention features throughout the Orbeon Protocol (ORBN) ecosystem to mitigate investor risk while maximizing returns.
This ecosystem will use Orbeon Protocol (ORBN) ORBN tokens for general transactions and to incentivize investments. Orbeon Protocol (ORBN) token holders will earn several rewards including staking bonuses, voting rights and early access to funding rounds.
As stage nine of the Orbeon Protocol (ORBN) begins, analysts are now estimating highs of $0.24 before the presale ends, with the potential for additional price surges in the following months.
Find Out More About The Orbeon Protocol Presale
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