Whether you are a newbie or a seasoned investor, anticipating the movement of the crypto world is a daunting task, which needs sincere research. Therefore, investors critically evaluate the market viability and performances of cryptocurrencies. This article will look into the market standing of Monero (XMR), Enjin Coin (ENJ), and Orbeon Protocol (ORBN). Notably, Orbeon Protocol (ORBN) has surpassed Monero (XMR) and Enjin Coin (ENJ) after recording a growth rate of about 1815% in its presale phase.
Monero (XMR) Loses Its Attractiveness
A growing number of privacy coins in the crypto world have made the path of Monero (XMR) challenging. While many crypto projects have gained big with the recent revival of the market, Monero (XMR) could settle only with a modest increment. Besides, less mainstream media coverage is another reason behind Monero’s (XMR) stagnancy.
As a result, Monero (XMR) could manage only a growth rate of 7.73% in the last 30 days. In contrast, most long-standing cryptos have been trading in double-digit growth figures. Besides, the price of Monero (XMR) dipped by 3% in the last week. However, Monero (XMR) has risen by 1.39% on the daily price chart. Currently, Monero (XMR) is being traded at $167.09.
Enjin Coin (ENJ) Takes Help of Updates
The ecosystem of Enjin Coin (ENJ) recently received a slew of updates, which caused it to trade higher on the price chart. Enjin Coin (ENJ) has launched new tooling provisions to help developers grow the arena of Web 3.0 gaming.
This increased utility has made Enjin Coin (ENJ) more attractive among investors. On the growth front, Enjin Coin (ENJ) has witnessed an increase of 73% in the last 30 days. On the weekly chart, the price of Enjin Coin (ENJ) has soared by 6%. Currently, Enjin Coin (ENJ) is being traded at $0.46, which is 90.46% below its all-time high of $4.85.
Orbeon Protocol (ORBN) Sets New Milestones
Orbeon Protocol (ORBN) is the first-of-its-kind blockchain platform simplifying the processes of the venture capital and crowdfunding industries. Orbeon Protocol (ORBN) mints NFTs, which represent equity shares of companies. On Orbeon Protocol (ORBN), investors can invest in early-stage startups through these equity-backed fractional NFTs.
Orbeon Protocol (ORBN) has an investment tool called NFTs-as-service (NFTaas). This tool makes the investment process easier and less expensive for businesses. NFTaas enables startups to issue these equity-backed NFTs to investors to raise the required amount.
Orbeon Protocol (ORBN) also allows people to invest in startups with a small amount. On Orbeon Protocol, people can make an investment in emerging startups for as low as $1. The platform has also launched a protocol to protect investors from monetary losses. It has established a “Fill or Kill” safety mechanism ensuring that small and retail investors get their money back if the fund-seeking startups fall through the investment process before raising the minimum required capital. Orbeon Protocol (ORBN) also vows to enlist only real-world growing companies after properly vetting them.
The platform’s ecosystem is composed of four components – Orbeon Exchange, Orbeon Wallet, Orbeon Swap, and a Metaverse. Additionally, ORBN holders will get numerous benefits, including a voting right, discounts on trading fees, and cashback rewards. Orbeon Protocol has completed the first six stages of its presale round with a remarkable growth. The seventh stage, which is also the last stage, is flying higher than the previous stages. ORBN tokens were available at $0.004 in the first phase, and are now trading at $0.0766. Experts predict Orbeon Protocol (ORBN) will rise by 6000% before the end of its presale phase and touch $0.24 soon.
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