- Aave (AAVE) is a promising Decentralized Finance (DeFi) protocol.
- Orbeon Protocol (ORBN) is witnessing sunny days in the ongoing Crypto Winter.
It has been a year of turmoil for the crypto community. Many tokens that were riding high in the cryptocurrency wave of 2021 were humbled due to global economic uncertainties and the revelation of the crypto industry’s inner fault lines. The year witnessed two big crypto market crashes in May and November. Tokens like Aave (AAVE) and Hex Coin (HEX) suffered massive price falls. Interestingly, a new token, Orbeon Protocol (ORBN), has defied the bear market trend with huge demand and a price surge of 655%. Orbeon Protocol (ORBN) has quickly opened up new possibilities for crypto investors. This article looks at how Aave (AAVE), Hex Coin (HEX), and Orbeon Protocol (ORBN) are performing and what the future holds for these tokens.
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Aave (AAVE) prepares for the future after fall
Aave (AAVE) is a promising Decentralized Finance (DeFi) protocol. But investors have borne the brunt of the falling price of AAVE, the native token of Aave protocol. CoinMarketCap data shows that Aave (AAVE) price has plunged around 78%, from $255 on 1st January 2022, to $55 at the time of writing. The current price of AAVE is also over 91% below the all-time high (ATH) of $661.69 on May 18, 2021.
However, Aave (AAVE) investors have some reasons to cheer as DeFi has started gaining traction since the collapse of FTX exchange in November.
The Aave (AAVE) ecosystem has also been buzzing with activities. Recently, the Aave (AAVE) community voted to freeze borrowing and lending of assets in the Ethereum liquidity pool, where over $5.6 billion are locked, to mitigate risks and prepare the protocol for upgrade. These moves are expected to make the Aave (AAVE) ecosystem more resilient in the times to come.
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Orbeon Protocol (ORBN) could jump 6000%
Unlike Aave (AAVE) and Hex Coin (HEX), Orbeon Protocol (ORBN) is witnessing sunny days in the ongoing Crypto Winter. Currently in stage 3 of presale, Orbeon Protocol (ORBN) price has surged 655%. It was launched at a price of $0.004 but heavy demand for Orbeon Protocol (ORBN) tokens has pushed the price up to $0.0304, with the website even having to be shut down for 10 hours in early December. Analysts are predicting that the Orbeon Protocol (ORBN) price could jump 6000% during the presale to $0.24.
The surge in Orbeon Protocol (ORBN) has come on the back of the unique use case provided by the platform. Orbeon Protocol (ORBN) launchpad allows real-world businesses to connect directly with the crypto community for raising funds. This connection is established through fractional non-fungible tokens (NFTs) where investors stand a chance to gain from equity-based rewards offered by promising early-stage businesses. With the venture capital and crowdfunding industry being worth a staggering $13.5billion dollars it’s easy to see why Orbeon Protocol (ORBN) has done so well.
Hex Coin (HEX) investors pin hope on future
Like Aave (AAVE), the Hex Coin (HEX) also witnessed a steep fall in price this year. Data shows the price of Hex Coin (HEX) has plunged over 91%, from $0.285 on 1st January 2022, to $0.025 at the time of writing. The current price of AAVE is more than 95% below the ATH of $0.51 on September 19, 2021.
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Hex Coin (HEX) is an ERC20 token, designed as a certificate of deposit on the blockchain. The makers of Hex Coin (HEX) also aim to leverage the DeFi ecosystem within the Ethereum network. However, since its launch in December 2019, Hex Coin (HEX) has aroused suspicion.
In the days following the FTX collapse, the US Securities and Exchange Commission (SEC) reportedly issued a subpoena to influencers promoting coins like HEX. However, the HEX community retaliated against the report, saying it was fake.
With recent upsurge in DeFi activities, Hex Coin (HEX) holders are hoping for a promising future despite massive price decline in 2022. They expect that Hex Coin (HEX) may recover quickly once the market starts being having normal.
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