EOS continues to climb as it posted a near 7% gain in the last 24 hours, currently trading at $1,04. The most probable reason is cryptocurrency exchange Binance integrating Tether (USDT) support for the token. Then we have the Chainlink (LINK) blockchain that is paving its way into decentralized finance with its new staking system, making LINK look undervalued at best. Last but not least, newcomer Orbeon Protocol (ORBN) seems to be the new investor favorite, with over 1,400% gains last month. Analysts are now expecting Orbeon Protocol (ORBN) to surge by another 300%. Continue reading to find out why.
Binance opened USDT stablecoin deposits and withdrawals to the EOS network last month, which caused the EOS token to be traded above $1 again finally. And this is not the only good news for EOS investors. The token could be set for a momentous year given the fact that EOS Network Foundation’s CEO Yves La Rose made headlines announcing the launch of a $100,000,000 ecosystem fund that will invest in projects building on the network’s smart contract platform.
This $100m war chest will be managed by an independent venture capital firm known as the EOS Network Ventures (ENV). This VC will operate the EOS network and attempt to position EOS favorably in the eyes of entrepreneurs and developers, marking the tradition from Web2 to Web3.
Chainlink (LINK) has recently announced its new staking system, which allows users to stake up to 7,000 LINK tokens against a 4,75% APR. The release of this new staking system has put LINK in the crosshairs of addresses with large balances. According to WhaleStats, Chainlink is one of the most used smart contracts among the top 1,000 ETH whales, and many are looking for solid yearly gains in the form of staking.
Chainlink currently holds the 21st rank on CoinMarketCap by market capitalization and is trading at $6,91 per token, up 6,5% in the last 24 hours. The trading volume of LINK increased by a whopping 82,80% within the last 24 hours as well, and Chainlink is on its way to restoring post-FTX losses.
Newcomer Orbeon Protocol (ORBN) managed to surge over 1,400% during the first three stages of its pre-sale event last month and has attracted the attention of many savvy cryptocurrency investors ever since. Orbeon Protocol (ORBN) plans to disrupt the crowdfunding and venture capital markets through the use of fractionalized and equity-backed NFTs.
Let’s say a start-up company wants to raise $100k through Orbeon Protocol (ORBN). It will then mint 10,000 equity-backed fractionalized NFTs, which users of the Orbeon Protocol (ORBN) ecosystem can then invest in from as little as $1.
Not only does Orbeon Protocol (ORBN) bridge real-life start-up companies with the cryptocurrency community in this way, but it also greatly reduces fundraising costs and allows the companies to be in direct contact with their backers.
The total supply of Orbeon Protocol (ORBN) tokens is set at 888,000,000, and only 40% of these are available through the presale of the project, which only lasts a couple more days. Given that the developers’ tokens and liquidity pool of the project are locked by smart contracts fully audited by Solid Proof and the strong fundamentals of the project, it is not difficult to understand why analysts predict Orbeon Protocol (ORBN) will surge up to the price of $0.24.
Find Out More About The Orbeon Protocol Presale
The post EOS and Chainlink (LINK) Set to Surge in 2023, Orbeon Protocol (ORBN) is the New Investor Favourite appeared first on CryptoMode.
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