Shiba Inu (SHIB) Clawing Back Losses, Orbeon Protocol (ORBN) Expected to Set New All-time High

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There is a predictable pattern that can be applied to most industry or business sectors over time. New technologies emerge and give rise to new business sectors. During this early period, large numbers of new companies enter the market and, over time, this number dwindles down as some fail, others succeed and the playing field shrinks due to consolidation. For example, in the 1930’s there were 44 major car manufacturers just in the USA. Now there are only 14 worldwide. The same thing appears to be happening in the crypto space, with experts suggesting the trick is to spot the long-term winners early. Here, we look at how things are going for Shiba Inu (SHIB) and Orbeon (ORBN), which is rapidly selling out of its stage 1 presale.

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According to the ‘Shibburn’ website, Shiba Inu burn rates have gone up by 443%. Only 14,089,818 SHIB were burnt throughout the course of the previous day. Shiba Inu (SHIB) kept battling upward and, as of the time of writing, reached an intraday high of $0.00001283. This peak was reached after more than a month. Shiba Inu also had a second straight day of gains as interest piqued in meme cryptocurrencies. 

Shiba Inu saw a spectacular bull run on October 28, 2021, reaching all-time highs of $0.000088. The price of SHIB was up 11.88% at $0.0000122 at the time of publishing. Aside from that, Shiba Inu recaptured the spot of 13th biggest cryptocurrency.

SHIB has made impressive gains but, despite this, it is still 86% behind its all-time highs, making it similar to other cryptocurrencies that have been battered by adverse market circumstances since the beginning of 2022.