The cryptocurrency market is highly volatile and can change rapidly in price. This can make it difficult to predict what the future holds for specific cryptocurrencies. In this blog post, we will take a look at three different cryptocurrencies- Orbeon Protocol (ORBN), Polygon (MATIC), and VeChain (VET)- and give our thoughts on what their prices could be in 2023.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) has the potential to disrupt how startups raise money. Orbeon Protocol enables startups to issue NFTs that represent equity in the company, allowing them to raise money without having to go through traditional Venture Capitalists and Crowdfunding platforms.
These NFTs also open the door for the fractionalization of startup equity, allowing investors to own a much smaller portion of the company in comparison to traditional methods. Now, investors can easily invest in a startup for just $1.
This approach is great for startups too, as it allows them to raise money faster than ever before and ensures that they have access to a vast pool of potential investors. Dealing with middlemen and traditional VCs is also removed from the equation.
Instead, smart contracts are used to manage the day-to-day operations of the Orbeon Protocol (ORBN) platform, making it highly secure and reliable. These smart contracts are secured and audited by Solid Proof to guarantee that the protocol is functioning correctly.
Just like all good blockchain-based companies, Orbeon Protocol (ORBN) is powered by a native token, called the ORBN. Holding ORBN in your wallet grants priority access to new crowdfund, staking rewards, reduced trading fees, voting rights, and a load of other benefits.
Not including private VC deals, public crowdfunding has an estimated worth of $13.5B. With the current price of $0.0144 per token, Orbeon Protocol (ORBN) has a market cap of just $12M. This means Orbeon Protocol has the potential to capture a huge portion of the crowdfunding market, and its price could skyrocket in 2023.
Polygon (MATIC) is a popular Ethereum scaling solution that enables faster and cheaper transactions on the Ethereum network. It has been gaining traction in recent years, with more developers building projects on top of it. In fact, Polygon (MATIC) is now recording over 34 transactions per second (TPS) each day.
Taking a scientific look at Polygon (MATIC), we can see that sidechains are used for scalability, allowing for faster transaction times and lower fees. Polygon is currently experiencing a large amount of growth in the DeFi sector, with over $1 Billion in total value locked (TVL).
With its increasing popularity, it is likely that Polygon (MATIC) will continue to rise in value as it becomes more widely adopted. For example, Starbucks is using Polygon (MATIC) for its NFT loyalty program. The MATIC price already up more than 20x since early 2021, and we believe it could reach $5 by 2025.
Vechain (VET) is a blockchain platform that focuses on digitizing the supply chain industry. It provides an enterprise-level public blockchain to facilitate the secure storage, management, and transmission of data in supply chains.
The team behind VeChain (VET) is very experienced and they have the support of some big names such as PwC, BMW, Deloitte, etc. They are also working on new projects with Walmart China and DNV GL to further expand their reach.
Given its existing partnerships and potential applications, VeChain (VET) has a lot of potential and is likely to be among the big gainers in the next bull market. The price of VeChain (VET) is finding support at the $0.20 level, which has held strong despite the recent bear market.
Find Out More About The Orbeon Protocol Presale