Although there are certainly plenty of great reasons to invest in established cryptocurrencies like Bitcoin and Ethereum, there’s also something to be said about investing in emerging cryptocurrencies as well.
These currencies aren’t yet household names and are being traded in much smaller volumes than their bigger cousins, but they have some important advantages that make them worth considering when it comes time to add more crypto assets to your portfolio.
Here’s a brief rundown of the most compelling reasons why you should consider emerging cryptos such as Kucoin (KCS), Shiba Inu (SHIB) and Orbeon Protocol (ORBN), which is forecasted for 60x gains during presale.
A Cryptocurrency is Only as Valuable as the Utility Behind It
There’s no question that cryptocurrency is an incredibly exciting market. Many of today’s largest digital assets, like Bitcoin and Ethereum, are now worth hundreds of millions of dollars. And with increasing global trends towards decentralization and a growing distrust for centralized financial systems, it’s possible that cryptocurrencies will only become more valuable in years to come.
However, one important thing to note here is that despite how valuable some of these crypto projects may be today, their respective coins or tokens only have value if they have real-world applications.
For this reason, many investors have steered clear of cryptocurrencies without clearly defined real-world use cases, with Kucoin (KCS) and Shiba Inu (SHIB) as some examples.
Orbeon Protocol (ORBN)
ORBN is the native token of Orbeon protocol. Orbeon protocol is a decentralized investment platform that brings about freedom from venture capital restrictions in the investment and crowdfunding industries by allowing ordinary people to make small investments in cutting-edge startups.
On the Orbeon protocol platform, start-ups will be able to acquire funding and actively engage with fans by minting equity-based NFTs. These NFTs are fractionalized, and the platform allows anybody to support and invest in businesses they genuinely believe in beginning from as little as $1.
The ORBN token, which drives the Orbeon ecosystem, provides holders with benefits ranging from staking, which allows users to stake and generate passive revenue, governance, where people may vote on important choices and impending initiatives, and access to next investment rounds with priority.
The ORBN tokens are currently available for a first stage presale, and are expected to see 6000% gains as the presale concludes – a monumental increase.
KCS is the KuCoin protocol’s native token. Kucoin was launched in 2017 as a profit-sharing currency that enables traders to extract value from the exchange. It is an ERC-20 token operating on the Ethereum network.
Apart from being offered as a dividend in the network, Kucoin is also a utility token that can be used to pay for trading costs on the KuCoin Exchange. It gives users several perks such as 80% savings on transactions. Despite this usage as an exchange token, Kucoin is struggling to maintain its popularity due to a lack of real-world usage outside of the Kucoin exchange. If Kucoin is to recover and see its previous highs once again, it will require some more utility from its developers.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is another Ethereum-based token on the Shiba Inu blockchain. It incorporates the Shiba Inu, which is a Japanese breed of hunting dog, as its symbol. Shiba Inu is often thought to be an alternative to Dogecoin, and has drawn many comparisons as a “copycat coin”.
Shiba Inu is a memecoin at its core, which means that it relies entirely on community support to drive its value. As such, outside of some brand partnerships, Shiba Inu has faced criticism from investors due to the lack of utility the token provides, with many stating that Shiba Inu is a “pump and dump”. This has led to a massive loss of investor trust in the token.
Institutional Investors Are Paying Attention
If you’re at all interested in emerging cryptocurrencies, you may have noticed that they’ve been getting some attention from big institutions lately.
That isn’t necessarily a good thing or a bad thing—there are reasons why institutional investors might be getting involved and also reasons why they might not be.
Regardless, it means there will likely be some volatility moving forward. As such, if you plan on buying into an emerging cryptocurrency, it may not be a bad idea to wait for a dip before jumping into anything at face value. The market might look different next year (or even next week) than it does today.
The Underlying Technology Could Be Revolutionary
In 1993, few people had any idea what a browser was. Today, we can’t imagine life without them.
Something similar is happening with cryptocurrencies. Few people know about them, but many more will use them and marvel at how much their lives have changed as a result.
The resulting buzz around emerging cryptocurrencies stems from the excitement for the use cases they can bring. Projects like Orbeon Protocol (ORBN) have been seen to disrupt entire industries, and as such investor attention around ORBN has been immense. Analysts predict that during the presale, ORBN is likely to surge by over 6000%, from $0.004 to $0.24.
Find Out More About The Orbeon Protocol Presale
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.