After Twitter agreed to Elon Musk’s takeover bid, the value of Dogecoin (DOGE), a meme coin, jumped by 25 percent.
Another notable development was Orbeon Protocol’s (ORBN) price surge of 655% during its presale. Orbeon (ORBN) is currently in phase 3 of its presale, still very early for investors to take part.
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Dogecoin (DOGE) Price Surge
Dogecoin, a meme coin influenced by Tesla’s CEO, had a price increase of almost 27 percent as news of Elon Musk’s purchase of Twitter circulated.
By the end of trading, Twitter’s share price had increased by 5.6%. Dogecoin’s value has increased from $0.12 to $0.16. As the largest stakeholder (9.2 percent), Musk had significant influence over Twitter before buying it completely.
There is no causal link between the Twitter acquisition and the increase in Dogecoin value. Nonetheless, the announcement has sparked widespread conjecture in the crypto space, with many betting that Dogecoin would eventually find a home on Twitter’s infrastructure.
Earlier this month, Kryptomon’s chief marketing officer, Tomar Nuni, stated that the speculation is that marketers might be able to pay in Dogecoin’s native token DOGE for adverts as well as other activities on Twitter.
The exact same thing happened when Tesla announced that DOGE could be used to purchase its products. The implication is that other companies in which Musk has an interest may follow Tesla’s lead and begin accepting cryptocurrency.
In a recent tweet, Elon Musk suggested that Doge may be used as a form of payment for Twitter Blue, the paid, premium service form of Twitter. Tesla’s online store for items currently takes Doge.
Dogecoin, named after the “Doge” meme that went viral in 2013, is the 10th most valuable cryptocurrency. The idea behind this cryptocurrency was to poke fun at Bitcoin’s price swings. Dogecoin’s price skyrocketed to 67 cents in May 2021, all because of Musk’s tweets.
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Orbeon Protocol (ORBN)
Orbeon Protocol has proven itself to be a formidable rival in the international crowdfunding and investing markets. The protocol will make it simple for companies to engage with investors, facilitating the acquisition of funding and the development of a loyal fan following.
With the minting of equity-based NFTs to reflect a company’s equity, Orbeon Protocol paves the way for investors of any size to participate in startup funding programs.
By dividing the NFTs into smaller pieces, Orbeon protocol allows interested parties to participate in funding rounds with just a small investment, opening up a world of opportunities to a far larger group of people.
With the revolutionary “Fill or Kill” feature included in Orbeon Protocol, consumers are safeguarded from the risks associated with unsuccessful fundraising campaigns. If a business does not reach its fundraising goal by the deadline, the investors will get their money back.
ORBN token, with a maximum supply of 888,000,000, fuels the Orbeon Protocol economy and provides holders with a variety of advantages such as reduced transaction fees, cashback, and staking rewards.
During its pre-launch phase, Orbeon Protocol was trading at a price of $0.004. However, as demand has increased, the price has climbed dramatically to $0.0302, a 655% gain. Meanwhile, experts predict that the price of the ORBN token will increase by 6000% before the presale concludes.
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