PancakeSwap (CAKE) Price Is Stable, But Binance (BNB) And Orbeon (ORBN) Presale Is Selling Out Quickly

Jamie Larson

• 2 min read
PancakeSwap (CAKE) Price Is Stable, But Binance (BNB) And Orbeon (ORBN) Presale Is Selling Out Quickly

Since their launch, Binance (BNB) and Pancake (CAKE) have both had significant price fluctuations, but most recently, both have experienced very flat pricing. Orbeon (ORBN), in contrast, has experienced a rise in price and activity, with the presale quickly selling out. Due to the tremendous demand, phase 1 of its presale will likely end soon after 177,600,000 ORBN (only 40% of the supply) have been sold.

Protocol Orbeon (ORBN)

Orbeon Protocol (ORBN) enables anybody to make a small fractional investment in innovative firms that have the potential to become the next unicorns by utilizing blockchain technology and NFTs. Retail investors no longer need to pass up chances at the early stages that were previously solely open to authorized investors and venture capitalists.

Startups can raise money by selling NFTs that represent a share in the business. Due to the fractionalization of each investment opportunity, savvy investors can begin with merely $1. Additionally, the use of NFTs guarantees that each investor has a clear audit trail, adding much-needed transparency to the procedure.

Orbeon Protocol (ORBN) has cleverly incorporated a "Fill or Kill" function into their smart contacts to protect users. This means that all funds are automatically refunded to the investors if a business does not raise its desired amount of money within the allotted time frame.

A utility token called ORBN drives the ecosystem as a whole. Holders of the token receive savings on trading and transaction costs, voting privileges, priority access to subsequent funding rounds, staking incentives and awards, and membership in certain investor clubs.

Analysts predict that after ORBN is listed on markets, its price will increase by over 6,000% because to how useful it is. Given how eager investors are to own a piece of this eagerly anticipated initiative, it is not surprising that the Orbeon (ORBN) presale is selling out so quickly.

Binance (BNB)

One of the most well-known cryptocurrency exchanges in the world, Binance (BNB), is frequently credited with fostering the development of the cryptocurrency sector. Since its founding in 2017, Binance (BNB) has expanded to rank among the top exchanges by daily trading volume.

Binance (BNB) uses Binance Coin (BNB) to pay fees on its own chain, the BNB chain, which features smart contract capability. A DEX (decentralized exchange) is another feature of Binance that enables trustless trading.

Binance (BNB) is currently trading at $289.10, down 58.07% from its all-time high of $690.93. The economic downturn is mostly to blame for the price decline, but as the industry recovers, (BNB) is primed to expand once more.

Pancake (CAKE)

A decentralized exchange called PancakeSwap (CAKE) was created on the Ethereum blockchain. The 2019 introduction of PancakeSwap (CAKE), which was founded in 2018. PancakeSwap (CAKE) is able to operate independently of outside engagement thanks to its autonomous market makers.

A native coin called CAKE is utilized by PancakeSwap (CAKE) to pay for fees and staking rewards. Users can stake their assets in the PancakeSwap pool through PancakeSwap to earn interest on them as well. PancakeSwap (CAKE) is currently trading at $4.53, down 89.71% from its all-time high of $44.18.

The economic crisis has had an impact on PancakeSwap's (CAKE) price, much like it did on Binance (BNB). Investors will need to exercise patience as the market bounces back, but PancakeSwap (CAKE) is well positioned to expand over the long term as decentralized exchanges and applications gain in popularity.

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