Crypto volatility can be confusing and intimidating for newcomers to the market, so let’s analyze the price movements of three popular cryptocurrencies: Orbeon Protocol (ORBN), Chiliz (CHZ), and Decentraland (MANA). With Orbeon Protocol (ORBN) selling millions of tokens during phase 3 of the presale, this is an interesting time to watch the crypto markets.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is revolutionizing crowdfunding with a platform that has several key differences from traditional crowdfunding campaigns. By allowing startups to mint equity-backed, fractionalized NFTs as a form of investment, they can raise capital much easier by accessing a global community of investors.
The fractionalized NFTs are available with as little as $1, allowing anyone to access the venture capital market with ease.
The above differences have made Orbeon Protocol (ORBN) an attractive option for projects looking to raise funds. No longer do startups have to wait years for venture capital or angel investments. With Orbeon Protocol, projects can launch their own crowdfunding campaigns and raise funds in weeks.
The ORBN token is the native currency of the Orbeon Protocol (ORBN) platform, used for powering transactions and providing perks. Perhaps the biggest benefit to holding ORBN tokens is the priority access it gives to new project listings.
All in all, Orbeon Protocol (ORBN) is disrupting the traditional crowdfunding space and is gaining more support with each phase of the public presale. After surging 805% from $0.004 to $0.0362, analysts are confident the token will go much further.
Chiliz (CHZ) is the native currency of the Socios platform, a blockchain-based sports & entertainment fan engagement network. The price of Chiliz has been on an upward trend since its launch in July 2020, with several peaks and valleys over the past six months.
On Socios, users can purchase fan tokens to support their favorite teams and unlock exclusive rewards. Chiliz tokens are used to buy fan tokens, as well as to transact on the platform. This has resulted in a surge in demand for Chiliz, driving its price up significantly since its inception.
With Barcelona, Juventus, and Paris Saint-Germain joining the platform, Chiliz will surely have a bright future. It’s worth mentioning that there is high volatility with Chiliz, as the Chiliz price can swing drastically in either direction depending on sports results and other news.
Decentraland (MANA) is a virtual world where users can create, experience, and monetize content and applications. Decentraland uses the Ethereum (ETH) blockchain to store land and asset ownership, as well as to facilitate peer-to-peer transactions.
Last year, Decentraland (MANA) surged to the spotlight with some of the world’s most well-known names, such as Atari and Snoop Dogg, building on Decentraland. This surged Decentraland (MANA) to its all-time high of $5.90.
Since then, Decentraland (MANA) has been on a downward trend, with the price dropping significantly to $0.30. Though there have been brief moments of upward movement, the overall trajectory continues to be level for Decentraland (MANA).
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.