Ethereum and Solana have experienced heavy losses recently, prompting investors to suspend trading and monitor the expected results. But while these leading crypto may be struggling, a new contender in town is aiming to upend the industry.
The second largest crypto and one of the founders of DeFi, Ethereum, see its upside in allowing developers to build and deploy their blockchain-based applications, enabling decentralized businesses and other unique use cases through Ethereum.
Despite the bright forecasts for Ethereum, its price has recently retreated between $1,700 and $1,600. This fall has many Ethereum investors worried about the future of Ethereum, especially given the recent uncertainty in the cryptocurrency market. The main reason for the decline was that large whales began to move large volumes of Ethereum.
Solana is a high-throughput blockchain platform that aims to facilitate flexible and low-cost transactions.
Solana is a blockchain platform that offers flexible bandwidth and minimal transaction fees with a proof-of-stake consensus process. Despite the technology of the future, the Solana price has recently bottomed significantly, falling 11% by the end of February 2023.
Parallel to this decline was a significant drop in Solana’s trading volume, which fell from $1.5 billion in 2023 to $300 million in February. Investors are impressed by the scalability and security of Solana’s network. Orbeon Protocol is a first-of-its-kind DeFi investment platform that revolutionizes how investors and business owners collaborate to create a state-of-the-art market and trading platform.
The Orbeon Protocol
The Orbeon Protocol is a blockchain initiative that powers the venture capital market. Orbeon Protocol is a crypto aimed at individual consumption investors and businesses. Individual investors can now easily access early investment opportunities with the help of the Orbeon protocol.
Orbion Protocol has created several security tools to protect users’ security. The fill-or-kill strategy protects investors from losses caused by failed funding rounds. This feature is hard-coded into every project’s smart contract and cannot be changed.
The views and opinions expressed in these articles are those of the source ForexIndustry.com and do not necessarily reflect the official position of ‘xBTCh,’ which shall not be held liable for any inaccuracies presented. The information provided within this article is for general informational purposes only. While we try to keep the information up-to-date and correct, there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information in this article for any purpose.
This article is syndicated automatically through a third-party agency from ForexIndustry.com.
To view the original article at ForexIndustry.com, you can visit https://www.forexindustry.com/2023/03/10/ethereum-eth-and-solana-sol-dump/.