Investing can be challenging and the recent fall in technology companies demonstrates just how quickly the mood can shift. Investors will always find it hard to ignore a compelling story, and the financial world is now rife with tales.
However, as investors saw when the dot-com bubble burst, a great tale does not automatically equal a terrific investment. So, let’s see how two crypto stories contrast when we examine Huobi Token vs Orbeon Protocol (ORBN), which is set for 6000% gains as its presale closes.
Huobi Token (HT) gets boosted but some remain wary
The Huobi exchange’s native token is called, quite simply, Huobi Token (HT). This Chinese exchange was founded in 2013 and has operations in 30 countries. On the Huobi exchange, Huobi Token (HT) can be used for governance purposes as well as to pay transaction fees. Although Huobi Token (HT) is the first choice, it is not mandatory for use on the platform. Due to the fact that other, more well-known cryptocurrency exchanges provide comparable token benefits to their consumers, HT is finding it difficult to remain competitive in this challenging market.
The Huobi Token actually had a pretty good boost in October upon the appointment to the Huobi board of Justin Sun, a Chinese entrepreneur best recognized for his crucial involvement in the TRON blockchain project, will act as an advisor. This spiked a 60% price increase for Huobi Token. But the medium and long-term pictures are murkier as Huobi Token struggles to distinguish itself from many others which are currently available on the market.
Orbeon Protocol (ORBN) has an alluring story for investors
Orbeon Protocol is a very recent entrant to the market. In fact, it is currently running in its sold-out presale phase, which only commenced at the end of October, and is planned to run until January 2023.
Still, it is already attracting enormous attention, precisely because it comes with such an attractive and innovative story. The goal of Orbeon Protocol is to upend the severely restricted venture capital sector. By allowing new and start-up businesses to join the investment platform, and raise investment capital from the crypto community.
Investors will be able to purchase fractionalized NFTs, which has been minted by Orbeon Protocol, and is backed by the startups equity. These NFTs can cost as little as $1 and act as a vehicle to access the VC industry.
New companies can bypass the gatekeepers standing in their way and rapidly raise the money that they seek – until now sourced from investment banks, hedge funds or super-wealthy individuals. Orbeon Protocol simplifies the entire process, making it easier, cheaper and quicker. For investors, it gives them access to exciting opportunities of the like they can usually never get anywhere near.
The Orbeon Ecosystem is powered by its native utility token, ORBN. ORBN holders are eligible for various benefits ranging from staking bonuses, governance rights and transaction fee discounts.
The market is distancing itself from more generic project like Huobi Token in favour of projects with real utility, and that can be illustrated by the fact that $400,000 worth of ORBN sold in just the first two days of the presale. For many investors, the time to invest in ORBN is now while the price is $0.004. Industry experts are forecasting a 6000% rise in that price between now and the close of the presale. Orbeon Protocol may just be a never-ending story.
Find Out More About The Orbeon Protocol Presale
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