As the FTX saga unfolds, Crypto.com’s native token, Cronos, has remained relatively stable. Now, the CRO/USD pair is tending towards recovery. Meanwhile, NEAR Protocol was traded at a Fibonacci extension level, but it is doubtful that prices will see a noticeable bounce. Notably, Orbeon Protocol has seen massive success in presale and is forecasted for 6000% gains.
Cronos is the token of the crypto.com exchange and app. Cronos fuels the ecosystem and tends to rise and fall with the company’s successes and failures. Cronos has an all-time high of just under a dollar but currently sits at 9 cents, partially because of crypto.com’s association with the recent FTX exchange drama.
However, Cronos seems to be on the rebound and is a project to look out for in 2023. Crypto.com regularly adds new features to its app and expands its user base. If the company can continue on this trajectory, Cronos will likely follow suit.
Investor sentiment is mixed surrounding Cronos, as exchange tokens have come under scrutiny following the FTX drama. However, many believe that there will be a resurgence in Cronos as time goes on.
Near Protocol (NEAR)
As we near the end of 2022, the smart money is looking at Near Protocol and its token, NEAR. Near Protocol leans into simplicity and usability as it promotes itself as the premiere way to build Web3 apps that can be scaled for mass adoption.
Near Protocol is a climate-neutral project on a mission to change the world and is currently ranked #30 by market cap. And with big names like Andreessen Horowitz, Stake Capital, and MetaStable behind it, it’s hard to ignore the potential of Near Protocol as it garners support.
With a user-friendly platform that is easy to develop, Near Protocol could very well be the go-to solution for the mass adoption of Web3 applications. And as more and more people begin to use and understand the protocol, the demand for Near Protocol will only increase. Price predictions state Near Protocol could reach up to $4 by the end of 2024.
Orbeon Protocol (ORBN)
Orbeon Protocol shakes up the crowdfunding industry with its ability to mint the equity of promising companies as fractionalized NFTs. These NFTs can then be bought and traded by everyday investors for as little as $1. This revolutionary approach removes the gatekeepers that typically keep people out of the venture capital industry. Now, even the smallest investor can benefit from the industry.
Orbeon Protocol also has another feature – the “Fill or Kill” mechanism. This mechanism will automatically return NFTs to investors if a round of fundraising fails, removing uncertainty from the process. The feature is built directly into the smart contract and happens without human intervention.
The ORBN token fuels the Orbeon Ecosystem. Its holders enjoy benefits such as governance, access to funding rounds, and discounts on trading fees. Orbeon Protocol has a total supply of 888,000,000 tokens, with 40% available for public presale.
Right now, ORBN can be bought at $0.014 per coin, but experts anticipate a 6000% increase by the end of the pre-sale phase.
Find out more about the Orbeon Protocol presale: