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Shiba Inu may be a meme, but where it comes to wealth, it ain't no joke! Data from WhaleStats shows that out of the top 100 Ethereum Whales, SHIB is the most popular of all altcoins, accounting for over 1/5th of all the (non ETH) crypto held by these ETH whales. Orbeon Protocol is an up and coming crowdfunding and community VC project, whose token is up by over 20x since last November, and is still in presale.
The ocean has been full of Shiba Inus this week (not literally thank goodness!), as a few days ago, a huge ETH and SHIB whale purchased 118,058,494,947 SHIB, worth $1.34 million. That might seem a lot but to for crypto behemoth it merely seems to be 'buying the dip', since they already hold a staggering $214 million worth of SHIB.
SHIB started as a small project on the Ethereum blockchain, with anonymous developers, capitalizing on the crypto and internet's love of Shiba Inu dogs and Dogecoin. At first many thought it was merely a joke, but things began to change for the crypto after anonymous developer 'Ryoshi' sent 50% of the supply to Ethereum's creator Vitalik Buterin. Buterin promptly sent 10% to a covid relief fund for India and burnt the rest, pumping the price and ensuring that he didn't have further power to move the markets, something he said he didn't want.
The team kept developing, and built an initially criticized dex and DeFi platform 'ShibaSwap'. With time, though, the team got the bugs fixed and the Shiba Inu project became more decentralized, with various community projects, dapps and games being developed for the ecoystem.
Elon Musk famously has a pet Shiba Inu and takes pleasure in tweeting things that often send both SHIB and DOGE, if not to the moon, at least pumping to the clouds.
The long awaited news for SHIB holders, is the release of the Shibarium, a totally functional layer 2 blockchain, which has just gone live on beta mode on the Goerli and Puppynet test networks, (at time of writing I was unable to connect using Puppynet but Goerli was working). Similarly, the beta of the Orbeon Protocol staking dashboard has just gone live on Goerli.
Currently, in beta, the Shibarium mainly has robot looking dogs and forms to work or collaborate with them, though it does have what seems to be staking dashboards.. They are apparently recruiting people for web3 AND web4 now. Hope they let us know what that means.
Ryoshi reminded people that this is just a testnet, nothing on there has any real world value and therefore, not to fall prey to any scams.
It takes time to become a top 50 altcoin, and Orbeon Protocol, still in presale, has a long way to go. However if SHIB can capture the hearts of the people, then Orbeon Protocol can capture the budding venture capitalists of the people. Orbeon Protocol allows small and medium sized businesses to access a new way of funding, by using fractionalised NFTs and enabling the ordinary investor to get involved, no matter where from, who they are, or how much money they have.
In general, if you want to get in on really great investing deals, you need to be early. Even if SHIB increases dramatically in price, it still can't go that high, due to its already high market cap. ORBN on the other hand, is still in presale, so those getting involved now are still very early. Experts predict that ORBN, now worth $0.0877 could reach $0.24, which is 173% gain for those getting in today.
Website: https://orbeonprotocol.com/
