Tezos (XTZ) and Algorand (ALGO) have been left vulnerable as the cryptocurrency market is in deep crypto winter, with both coins bearing massive losses. Orbeon Protocol (ORBN) will change venture capital for good, as ORBN aims to revolutionize investing in startups. Orbeon Protocol (ORBN) is in phase 2 of its presale. Analysts think the ORBN token will go up by more than 6000%.
Tezos (XTZ) is another big coin project that is losing value. The token could become a significant altcoin on the cryptocurrency market. But the collapse of the cryptocurrency market took its toll on Tezos.
Tezos (XTZ) uses a self-updating proof of stake protocol. This means that every time the Tezos protocol changes, the protocol is constantly updated. This feature is vital to stop a hard fork in the protocol, which could happen if a change to the protocol cannot be undone.
Tezos has its native token, TXZ, which helps support the network and make it safer. Tezos is trading for $0.99, down almost 89% from its all-time high of $8.71.
Tezos (XTZ) also makes it easy for developers to add helpful code to the protocol, which makes it possible for users to get valuable services quickly. The platform wants to solve the main problems with blockchain, especially those that have to do with how assets and apps are used. The site has NFTs, games, and decentralized applications, among other DeFi tools and solutions.
Algorand (ALGO) was founded to make transactions scalable and quick. It can handle one million transactions every day. Over the years, it has built a strong community of developers and used to be a very popular altcoin.
The team behind Algorand (ALGO) says that the platform proves that the proof-of-stake algorithm can work. But from a security point of view, the proof-of-stake algorithm used by Algorand (ALGO) is not as well understood as proof-of-work. Also, there isn’t a lot of demand for Algorand (ALGO) tokens, which makes it hard to use the token in transactions.
When on-chain data is looked at, it shows that many Algorand holders are starting to sell because they are still losing money. Algorand’s all-time high price was 92.5% lower than its current price of $0.24. Algorand investors can recoup some of their losses by putting money from their assets into new projects like the Orbeon Protocol (ORBN).
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) uses blockchain technology to power its crowdfunding platform that connects regular investors with high-growth startups. Now, startups don’t have to go through traditional venture capitalists to get the money they need to grow. Instead, they can connect directly with their community and raise the required funding.
To do this, Orbeon Protocol mints fractionalized NFTs representing equity in each project. When you buy an equity-based NFT from Orbeon Protocol (ORBN), you can get into the venture capital market for as little as $1. In the past, this was limited to the rich only.
The ORBN token fuels Orbeon Protocol. ORBN has a lot of uses, such as staking for rewards, governance rights, lower trading fees, USDC rewards, and access to the best funding rounds.
Orbeon Protocol (ORBN) is quickly growing because it is a platform that solves real problems in the venture capital business. Currently, ORBN is in the second presale phase at a price of $0.014, with analysts thinking it will go up by 6000%.
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*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.