The previous year had not been favorable to cryptocurrencies. They experienced both bullish and bearish trends throughout 2022. It set experts wondering if 2023 would prove any better and if many digital currencies would manage to stand successfully on their feet. The focus is on three coins – AAVE (Aave), SAND (The Sandbox), and ORBN (Orbeon Protocol). However, experienced investors believe that investors would migrate more toward ORBN rather than opt for AAVE and SAND. know more about On chain Analysis Platforms by clicking here.
ORBN
The first presale took place in October 2022. The initial price was $0.004. However, by the time the third stage of the presale was reached, the price had gone up to $0.435. It shows how eager investors were to experiment with this new digital currency. They were probably even more eager to view the second and third stages of the presale. The last one ended on January 23, 2023. Around 40% of the total supply of 888,000,000 ORBN tokens was made available at the three stages.
Since it is an Ethereum-based token (ERC-20), Orbeon Protocol goes in for Smart Contracts. The audits of these contracts are undertaken by Solid Proof. Crypto enthusiasts may trade, swap, or invest in the token via a secure digital wallet or a cryptocurrency exchange. ORBN is the utility and governance token, a native of the Orbeon Protocol ecosystem.
Orbeon Protocol is keen to bring about a strong bonding between venture capitalists and crowdfunding projects. It is using equity-based and reward-based NFTs for this purpose. Business owners may fractionalize their ownership as much as they want in exchange for tokens. The tokens may undergo minting to form NFTs. Investors are allowed to buy these shares on the Orbeon Protocol platform.
Orbeon Protocol is planning to integrate with the metaverse for facilitating virtual networking. Since ORBN has rich features to display, experts have excellent faith in its ability to reach the top of the crypto world. Investors may use the Bitcoin smart trading and investment platform to purchase/sell ORBN tokens.
AAVE
The token was brought into operation over the Ethereum blockchain. The blockchain was the foundation for processing transactions. Therefore, it is known as an ERC-20 token. Since then, AAVE has connected with various other blockchains, including Fantom, Avalanche, and Harmony. One ecosystem that it favors more, is the Polygon ecosystem. The Aave company also provides DeFi services.
AAVE has a decentralized protocol in place. It permits investors to borrow and lend digital currencies and RWAs (real-world assets). They need not fear the interference of an intermediary/third party. Lending helps in building wealth via the arrival of interest. In contrast, borrowers must pay interest to the lenders.
Currently, 14,093,193 AAVE tokens are in circulation. The total supply available is 16,000,000 AAVE tokens. The price of the token touched $55.19 in recent times. True, the price kept rising, even going beyond $100, right up to 2021. However, it has not gone up as high as experts have predicted. Therefore, they believe that AAVE is excellent only for short-term gains, and not for long-term ones.
SAND
It is an ERC-20 utility token that has been developed on the Ethereum blockchain. It operates within The Sandbox ecosystem, permitting interactions and transactions. Currently, there are 3,000,000,000 tokens in circulation. As a virtual metaverse, the platform allows investors to own, build, and acquire monetary benefits through gaming.
Gamers are welcome to innovate digital assets in the form of NFTs. They then launch them in the marketplace. Finally, the players integrate the NFTs into various games with the assistance of Game Maker. If investors purchase digital pieces of real estate (LAND), they may scatter ASSETS and games across it. Owners of multiple plots of LAND are in possession of an ESTATE. All activities fetch investors healthy revenues.
Unfortunately, despite the attractive features offered, investors did not show much interest. The number of users approaching The Sandbox platform per day was less than 1,000. Therefore, SAND’s pricing took a deep plunge. It did not help that investors began to consider SAND a risky proposition. True, SAND’s pricing has moved up by 6.77%. Yet, it is below $1. In November 2021, the value had been $7.53. Thus, despite being one of the newest cryptocurrencies to align with the metaverse, SAND has failed to evoke much interest.
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