Elrond (EGLD) has rebranded to MultiversX following its poor market performance, while Fantom (FTM) prices are up. However, the real news is a massive 655% increase in the price of Orbeon Protocol (ORBN) as it powers through phase 2 of the presale. Orbeon Protocol (ORBN) is a decentralized investment disrupting the venture capital space.
After extremely poor performance this year, Elrond has rebranded itself and is now called MultiversX. On paper, Elrond is a decentralized network that makes it easy for developers of decentralized applications (dApps) and network validators to participate in the new internet economy. In reality, Elrond is down more than 84% this year alone.
Multiversx (Elrond) promised great features, such as high speed, scalability, ease of use, and low cost. Secure Proof of Stake (SPoS) is used for consensus on the Blockchain platform.
Elrond’s utility token is called eGold (EGLD). Users stake it to earn passive income and pay for transactions on the Elrond network.Elrond’s eGold makes it easy for validators to get paid and do other useful things. EGLD has dropped more than 91% from its ATH of $545 to $43.
Fantom (FTM) is an open-source ecosystem powered by blockchain with many decentralized apps and services. Fantom also gives developers the tools they need to make decentralized apps and Blockchain services. Fantom is a smart Blockchain that is scalable and supports smart contracts. It also encourages efficiency and interoperability at a low cost.
Fantom is a cryptocurrency that fits well with the fast growth of the Web 3.0 economy. Fantom is made to help developers launch Dapps in a reliable, cheap, safe, and quick way. Fantom is becoming increasingly popular because it works with the Ethereum blockchain.
Fantom has speed, scalability, and efficiency, which makes it a great choice for users and developers who want Blockchain options that are easy to use, scalable, affordable, and varied.
Orbeon Protocol (ORBN) is up by more than 655%
Orbeon Protocol (ORBN) is shaking up the venture capital industry by letting startups use their investment platform to mint and give investors NFTs backed by equity. Currently, VC is restricted to the ultra-wealthy and big VC firms only. Orbeon Protocol (ORBN) has made it easy for businesses to build a community and raise money.
Investors are interested in Orbeon Protocol’s (ORBN) token because the Orbeon Protocol platform lets people use fractional non-fungible tokens to own equity in real-world startups that look promising (NFT).
Orbeon Protocol lets any new business raise funding from the crypto community, and investors can buy equity-backed NFTs for as little as $1. This new way of doing things solves two big problems in the venture capital industry. Now, regular investors can find unique investment opportunities in startups, and startups can raise money more quickly and easily.
In the second phase of the presale, the price of Orbeon Protocol (ORBN) has gone from $0.004 at the beginning to $0.03, This is a 655% increase. The tokens for the Orbeon Protocol (ORBN) are also selling out quickly. Analysts believe the price of Orbeon Protocol (ORBN) will rise by more than 6000% during the presale if the high demand stays the same.
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