As the crypto market begins to show signs of recovery from a year-round downtrend, it is time for investors to find the best options available.
Bitcoin (BTC), the king of cryptocurrencies, has had a challenging year and is currently not high on most investors’ lists for 2023. While there is still optimism for the coin, the good news is that there are many promising alternatives to Bitcoin (BTC) today.
Analysts recommend investors check out VeChain (VET), Filecoin (FIL), and Orbeon Protocol (ORBN); the latter is in the third phase of pre-sale, with massive gains of 987% and growing.
The security and efficiency of Blockchain have led most industries, including manufacturing and cloud computing, to relevant crypto projects such as VeChain (VET) and Filecoin (FIL). The fundraising and investment industry is also turning to platforms such as Orbeon Protocol (ORBN).
VeChain (VET)
VeChain (VET) is a supply line solution powered by Blockchain technology, especially useful in an important aspect of the manufacturing and transportation industries, which is quality control. VeChain (VET) helps authenticate and track products as they are transported from production facilities to the consumer.
Created by a former Louis Vuitton executive in China, Sunny Lou, VeChain (VET) is designed to help companies monitor their production processes. The goal is to ensure that products are manufactured and delivered in optimum condition.
VeChain (VET) also serves the important role of preventing duplication and counterfeiting, which is a problem most manufacturers face today. VeChain (VET) uses a proof-of-authority consensus.
Thanks to the practical utility of VeChain (VET), it is expected to gain more support, and grow even more in 2023 and beyond. Like the Orbeon Protocol (ORBN), VeChain (VET) is an important token that investors should be aware of.
Filecoin (FIL)
Created by Protocol Labs, Filecoin (FIL) is an open source, Blockchain project that enables P2P cloud storage of digital data in a completely decentralized manner. Filecoin is also an incentive layer of the protocol that pays validation rewards to its users. Its goal is to remove fear and concerns about the security of data storage, by introducing a decentralized cloud storage system.
That is just one of the many reasons why Filecoin (FIL), similar to the Orbeon Protocol (ORBN), will be a better alternative to Bitcoin for years to come.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is revolutionizing the venture capital industry. It has a “kill or fill” mechanism in its smart contracts, which automatically reimburses investors if the startup does not reach its funding goal within the stated timeframe.
ORBN is the native token of the Orbeon Protocol (ORBN) ecosystem. Orbeon Protocol (ORBN) has a total supply of 888,000,000 tokens, but only 40% of the tokens are available to the public for pre-sale.
By Audy Castaneda
