The crypto sector has been going up and down these last few weeks. As Uniswap (UNI) and Enjin Coin (ENJ) are now struggling in this volatile market, several experts believe they are no longer worthwhile currencies. That is why many have switched their focus to Orbeon Protocol (ORBN) – an innovative initiative currently in stage 10 of its presale.
With its debut in 2018, the Uniswap (UNI) decentralized exchange quickly gained success. Uniswap (UNI) differentiates from other exchanges because it does not necessitate an order book as it uses smart contracts to complete transactions.
At the time of the writing, the Uniswap (UNI) coin is worth $6.79 with a market cap of $5.1B, which decreased in the past day. Other indicators for the Uniswap (UNI) coin are bearish, with its trading volume also going down by 20% in the same period.
In recent news, venture company Andreessen Horowitz (a16z) voted against deploying the V3 version of Uniswap (UNI) on the BNB Chain. This happened because the Uniswap (UNI) proposal uses the Wormhole bridge while a16z uses the LayerZero. This can be a bad omen for the future of Uniswap (UNI) as investors are migrating to other projects.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is a crypto that can purchase items on the Enjin platform. Like Uniswap (UNI), Enjin Coin (ENJ) has been pretty volatile. Currently, Enjin Coin (ENJ) is trading for $0.4951, a slight increase in price overnight.
However, when we look at the Enjin Coin (ENJ) relative strength index, we can see a negative trend forming. Since Enjin Coin (ENJ) is mainly used for the Enjin platform, it also lacks real-world use cases that could help it grow. Because of this fact, Enjin Coin (ENJ) holders are growing more anxious.
Although Enjin Coin (ENJ) may see further price increases, other projects with more utility could outperform it.
Orbeon Protocol (ORBN)
As more and more startup companies are popping up daily, they face plenty of difficulties in the venture capital and crowdfunding industries. Problems like failure to grow in this Web2 ecosystem stand out and attract new users – and Orbeon Protocol (ORBN) aims to solve these hardships.
With Orbeon Protocol (ORBN), companies needing funding may discover a new way to raise capital – the sale of equity-backed fractionalized NFTs. Essentially, Orbeon Protocol (ORBN) will be a decentralized platform on which users may purchase these NFTs representing real acquisitions into thriving businesses for prices as low as $1.
Blockchain technology will be at the forefront of Orbeon Protocol (ORBN), as can be seen with the unique “Fill or Kill” mechanism embedded into the smart contract of each NFT, which guarantees that Orbeon Protocol (ORBN) users will get all funds returned if a project does not meet its funding goal.
The Orbeon Protocol (ORBN) platform will be powered by the ORBN token, which can bring you staking rewards, governance and discounts – all for the current price of just $0.0877. Regarding its price, Orbeon Protocol (ORBN) tokens have soared by 2092% from their starting price of $0.004. Analysts predict this trend will continue as it reaches $0.24 sooner rather than later.
Find Out More About The Orbeon Protocol Presale
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