Is ApeCoin dying? Dogecoin And Orbeon Protocol Are Surging This Week In Crypto

ApeCoin was controversial since its release by Yuga Labs, the founders of Bored Ape Yacht Club. Down 75% since its all-time high, ApeCoin is struggling to remain relevant. 

 At the same time, Dogecoin is surging. The meme coin got a boost from Musk’s takeover of Twitter. 

Another token is also making headlines. Orbeon is in its pre-sale, and is expected to pump 6,000%. 

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ApeCoin 

ApeCoin was released by Yuga Labs, the company behind Bored Ape Yacht Club (BAYC). Because of its link to the biggest NFT project in the world, ApeCoin attracted a lot of interest. 

Many smaller investors saw it as a way of investing in BAYC projects, without having to spend hundreds of thousands on an NFT. However, most of the ApeCoin tokens went to the owners of Bored Ape and Mutant Ape collections. What’s worse, without clear utility, Bored Ape holders began dumping ApeCoin soon after its mint. That made ApeCoin a windfall for BAYC holders, while ApeCoin holders were left with the bag. 

Without a clear use case, ApeCoin will remain in a crisis. This could change with the full release of Yuga Labs’ metaverse project – Otherside. If ApeCoin plays an important role in the metaverse, that could help revitalize the token.  

Dogecoin 

Dogecoin started as a joke token. Its purpose was to make fun of the many “shitcoins” with no real utility. However, it soon attracted a generous and thriving community that gained respect in the crypto space. 

What made dogecoin really take off was when one tech billionaire started tweeting about it. The dogecoin community was so good at memes that it attracted the attention of Elon Musk. With Musk on board, many started speculating that dogecoin could soon get real utility. Musk even talked about letting users pay for Teslas with Dogecoin. He also talked about working with Dogecoin developers to improve its blockchain architecture. 

Since Elon Musk bought Twitter, Dogecoin started taking off again. Users are now speculating that Musk could somehow integrate Dogecoin into Twitter. 

Orbeon Protocol

Another token that has been making headlines lately is Orbeon Protocol. Unlike ApeCoin and Dogecoin, Orbeon Protocol is not a meme token. It’s a utility token for a crowdfunding and venture capital platform. Orbeon Protocol allows small investors to invest in startups with as little as $1. 

So far, investing in startups has been mainly available to large investors and venture capital firms. Small investors could not get a piece of the huge gains these small companies could make. At the same time, startups had limited options for funding. Orbeon wants to change that, and make it a win-win scenario for investors and startups. 

Orbeon is still in the first stage of its pre-sale, available at $0.004 per token. Experts expect it to rise quickly to $0,24, which is a 6,000% increase. 

For more information on Orbeon Protocol (ORBN):

Website: https://orbeonprotocol.com/

Telegram: https://t.me/OrbeonProtocol

Twitter: https://twitter.com/OrbeonProtocol

Instagram: https://www.instagram.com/orbeonprotocol/