What Does The Solana (SOL) Crash Mean For Orbeon Protocol (ORBN) and Dogecoin (DOGE)?

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The recent Solana (SOL) crash caused havoc for Solana (SOL) holders. In a matter of hours transactions per second decreased from over 5,000 to 90, causing huge delays and the value of Solana (SOL) to decrease. But what does this mean for projects like Orbeon Protocol (ORBN), which is now in phase 10 of its presale and has a price of $0.0877, and Dogecoin (DOGE)?

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Solana (SOL) Price Saved By Market Trends

Solana (SOL) is best known for its extremely fast transactions and low transaction speeds. The project is slowly becoming an extremely popular blockchain, with NFT platforms like SolSea pioneering Solana (SOL) NFT development.

However, the value of Solana (SOL) crashed by over 7% in March following a fork in the Solana (SOL) blockchain. This fork caused validators’ RAM to rise and crashed transaction throughput. As a result, many investors were unable to make transactions, and the Solana (SOL) reputation was damaged.

Nonetheless, Solana (SOL) has bounced back with a price increase of 21.16% in the past five days, in line with current market trends. One Solana (SOL) is currently worth $20.37, and trading volume has hit over $1 billion in a day, showing investors remain optimistic in Solana (SOL) despite its recent fork.

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Dogecoin (DOGE) Growth Remains Below Average

As Dogecoin (DOGE) was created as a memecoin, its value has remained relatively unaffected by the Solana (SOL) crash. However, the overall performance of Dogecoin (DOGE) has been poor throughout 2023. Trading volume is down, and top Dogecoin (DOGE) advocate, Elon Musk, has stated that his interests have moved from crypto to AI.

This news has had a huge impact on the Dogecoin (DOGE) community, which has remained relatively quiet since. Without any real utility, Dogecoin (DOGE) continues to rely on market trends to increase in value, which is exactly what happened in the past week.

Over the last five days, Dogecoin (DOGE) has increased in value to $0.07271. However, this is still below the market average, with many cryptocurrencies increasing by over 15%. Although some Dogecoin (DOGE) investors remain excited about this increase, others are now looking for new opportunities in the market.

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Orbeon Protocol (ORBN) Hits New ATH Following The Solana (SOL) Crash

Since its presale started in October 2022, Orbeon Protocol (ORBN) has continuously defied market trends. In the past four months, Orbeon Protocol (ORBN) has increased from $0.004 to $0.0877, with several price increases every month. Now, the Orbeon Protocol (ORBN) latest presale round has been its fastest selling yet, with over $3.5 million ORBN tokens sold in just two days.

Orbeon Protocol (ORBN) provides the best new startups with an innovative funding opportunity using blockchain technology. The Orbeon launchpad lets real world startups raise funds with crypto and NFTs. Once vetted, each business can create and reward NFTs that represent equity in their business. This helps founders raise money while controlling how much equity they give away.

To receive their funding, each business needs to hit certain funding targets. If these are missed, investors will be refunded as part of the Orbeon Protocol (ORBN) “Fill or Kill” feature.

Orbeon Protocol (ORBN) tokens are selling out fast, with holders earning a range of rewards throughout the Orbeon Protocol (ORBN) ecosystem. With only a few presale rounds left, investors are anticipating huge price surges over the next month.