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The past few trading days seem to have favored the upward movement of the native token of the ApeCoin ecosystem “APE”.
The investors are filled with excitement as they have seen APE’s price shoot through the charts. This is a relief for the entire cryptocurrency, especially, the NFT/Metaverse communities.
The APE token mainly targets the non-fungible token (NFT) and the metaverse segments within the cryptocurrency industry. These are the communities that are to benefit the most from the token’s surge.
APE’s Price Surged by 31.9%
The past week’s performance of the APE token has been quite astonishing. This is because the price of the asset has surged tremendously throughout the past week.
The report shows that the value of the asset surged by 31.9% in the last week and has brought it outside of the bearish territory. For now, the asset is out of the bearish danger and gets to move higher.
The surge was witnessed after the Ape Foundation, the company behind the development of ApeCoin announced the launch of their staking program.
The company announced that it had introduced $30 million worth of APE tokens into the total supply for the purpose of staking.
Just a day after the tokens were released, they were all picked up by the users for the purpose of staking. In a single day, the users purchased $30 million worth of APE tokens and used them for staking.
Orbeon Protocol (ORBN) is Performing Very Well as well
Then comes the Orbeon Protocol which is expected to launch its ORBN (native) token into the public market very soon. For now, the token is going through the presale phase.
Even during the presale phase, there is a lot of traction that the token has built around itself. The early investors seem to be quite invested in the asset making it a huge success during its presale period.
The report shows that the ORBN token is currently undergoing phase 3. The most remarkable thing about the token is that from the first phase until now, the value of the token has surged by 805%.
This is a great attraction for all investors who want to invest in promising tokens. This is an enormous gaining opportunity for the investors and the early investors are already jumping high.
What is Orbeon Protocol?
The Orbeon Protocol is being introduced to bring changes and reforms to the venture capital (VC) sector.
It aims to offer a wide range of tools and services to investors who are part of the VC industry. The platform is going to offer the users a metaverse platform, a launchpad, NFTs, an exchange, and even a wallet.
Through the Orbeon Protocol, the users have the ability to mint non-fungible tokens. The function of these NFTs is to facilitate the investors in the form of equities.
Investors can even mint these NFTs to exist in the form of fractionalized NFTs. This way, even the most low-income or novice investors can also become owners of small startups.
Even if it is a fraction, they still gain some ownership in the protocols and startups that are launched through the crypto-blockchain industry.
This way, even the lowest-level investors will be able to make investments in the startups and increase their revenue-generating opportunities.
Investors Get Their Money Back
The protocol even offers a great benefit not only to startups but also the investors.
If a startup ends up meeting its financial goals, then the funds locked in the form of equity in the NFTs are released back to the investors.
This way, the investors do not have to worry about facing any losses and their funds would return to them if the startup fails to deliver.
Given the promising feature of the protocol, the analysts expect that the value of the asset would surge by 6000% in the upcoming weeks.
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