Solana (SOL) and Chiliz (CHZ) have both seen significant drops in value over the past week, while Orbeon Protocol (ORBN) has seen increasing demand in its presale. ORBN token’s third presale phase saw a massive demand, with hundreds of thousands of people attempting to buy ORBN tokens simultaneously following a 655% increase in value.
Solana (SOL)
Solana (SOL) is a high-performance blockchain platform that has gained popularity for its potential to replace the popular cryptocurrency Ethereum and its capacity to conduct transactions faster than Ethereum. With its proof of history consensus method, Solana can process transactions much faster than Ethereum, which can only handle up to 15 transactions per second. In contrast, Solana can manage up to 65,000 transactions per second. Like ETH, Solana also has the capability for smart contracts, which allows Solana to host various DAPPs and NFTs.
Despite its strong technical capabilities, Solana crashed this month, as the price dropped by more than 42%. This drop in value could be due to the overall bearish sentiment in the cryptocurrency market, as many investors are becoming increasingly cautious about the short-term outlook for Solana. Additionally, competing platforms, such as Orbeon Protocol (ORBN), are rising.
Chiliz (CHZ)
Chiliz (CHZ) is the official cryptocurrency for the Socio.com network, which is based on the Ethereum blockchain. Chiliz allows sports fans to engage with their favorite teams and athletes by purchasing fan tokens (CHZ) and participating in decision-making processes.
Many top soccer teams, including Barcelona, Juventus, and Paris Saint-Germain, have partnered with Chiliz to promote greater audience participation in the sports world. By using smart contracts, Chiliz enables fans to vote on a variety of issues, from exhibition match times to jersey styles. The clubs also benefit from the sale of fan tokens, as they receive a portion of the revenue generated.
Despite its strong partnerships and unique value proposition, Chiliz (CHZ) has experienced a sharp decline in value over the past month, with its price falling by more than 30%. This could be due to the overall bearish sentiment in the cryptocurrency market and increased competition from other platforms that offer similar services. Additionally, the lack of major developments or partnerships within the Chiliz ecosystem may contribute to the drop in CHZ’s price. At the time of writing, Chiliz is trading at $0.151.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) allows anyone to invest early in businesses. ORBN (Orbeon Protocol) creates startups as fractionalized, equity-backed NFTs. This is accomplished by operating as a decentralized investment platform. These NFTs are available to investors for as little as $1.
This accessibility helps investors to enter the venture capital industry. This shift makes it easier to raise funds in ways other than traditional venture capital (VC) and crowdsourcing.
Orbeon Protocol will link investors with new entrepreneurs in a secure and open environment. Orbeon Protocol includes features such as a “Fill or Kill” mechanism which will refund the investors’ money if a project does not receive the necessary funding.
The presale for the Orbeon Protocol has been a big success. ORBN tokens have soared by 655% as phase one and two of the presale have concluded, and the third phase is underway.
Orbeon Protocol is revolutionizing the venture capital and crowdfunding sectors by making it easier for people to invest in the most promising new enterprises. Investors can purchase ORBN tokens during the presale, as many experts anticipate ORBN to increase by up to 6000%.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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