Filecoin price soars after announcement of the Filecoin Virtual Machine launch, the Cosmos ecosystem sees massive adoption, and Orbeon Protocol shows enormous gains entering the 9th stage of presale with already a 1988% price increase from initial.
Here is what you need to know.
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FIL soars due to major development
Protocol Labs launched Filecoin in 2014 with the main purpose of creating an efficient solution for storing data, based on protocols of the decentralized network IPFS (InterPlanetary File System). IPFS was initially developed to replace the existing HTTP with a peer-to-peer method of storing that is content-addressable and able to share media in a distributed file system.
Filecoin is the world’s largest decentralized storage network with currently over 3,800 storage providers and almost 14 EiB of storage capacity, and mining can be done through their official software.
On March 1st, Filecoin launched the Filecoin Virtual Machine (FVM), which will bring smart contracts and programmability to the blockchain, making it a fully-fledged L1. FVM will enable several features such as perpetual storage, DeFi, DataDAOs, etc., as well as interoperability with the Ethereum Virtual Machine (EVM).
Filecoin has a maximum supply of 1.966 billion coins with 358.8 million in circulation. With a market cap of $2.13 billion, it is ranked as the 31st biggest cryptocurrency in the market, Filecoin’s price remains bullish. This uptrend is valid as long as it holds above the 200-day moving average.
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Cosmos Ecosystem witnesses major developments
Cosmos is a project of the Interchain Foundation, a non-profit organization based in Switzerland, which aims to provide a decentralized network of blockchains to enable better interoperability. Built on the Tendermint consensus engine, Cosmos is designed to be secure and fast, thanks to the modular platform that allows developers to build their own blockchains and connect them to the Cosmos Ecosystem. The native coin, ATOM, is used to incentivize network validators, pay for network fees and the built-in governance system.
Recent developments and announcements have driven the price upwards. The Prop 187: v9-Lambda upgrade is now live on the Cosmos hub, taking a big step towards Interchain Security.
The Lava testnet is also live now, with the first omnichannel, a decentralized RPC network open to all developers.
Stride will provide liquid staking on Sei, creating a way to liquid stake various tokens in the Cosmos ecosystem. These are just a few of the newest developments in the steadily growing Cosmos Ecosystem, which is seeing increasing demand and use cases.
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Orbeon Protocol presale is intriguing investors
Orbeon Protocol is currently one of the hottest cryptocurrencies on the market, with continuously surging popularity and value. Offering a one-of-a-kind service, Orbeon Protocol aims to revolutionize the venture capital and crowdfunding industry. Using NFTaaS, Orbeon Protocol uses fractionalized NFTs to enable users to invest in early-stage companies and startups. NFTs-as-a-service enables companies to issue equity-backed NFTs to individuals and investors to raise funds while at the same time connecting with web3.
The built-in safety protocol protects investors from certain types of financial risk and smart contracts have been independently verified. Implemented in the NFT smart contract, is a “Fill or Kill” safety mechanism that guarantees the return of the funds if the funding target is not met.
The Orbeon Protocol ecosystem offers Orbeon Swap, Orbeon Exchange, Orbeon Wallet, and will look to make headway in the metaverse. ORBN token holders benefit from several privileges, like voting rights, discounts on transaction fees, and cashback rewards.
The ORBN token has seen tremendous growth, increasing by more than 1988% during the presale, now in the ninth stage at a price of $0.0835. Analysts predict a 60x increase from its initial price, and there are no signs of Orbeon Protocol slowing down anytime soon.
Find Out More About The Orbeon Protocol Presale
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Website: https://orbeonprotocol.com/
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