The world is waking up to the infinite possibilities of crypto. Just this past week, in an effort to support charitable causes before the 2022 World Cup in Qatar gets underway, Visa is introducing five NFTs with soccer-related designs and starting at the beginning of November, they will auction off five NFTs featuring famous World Cup goals of the past. I think we can say that NFTs have arrived.
However, market purveyors are enjoying mixed fortunes with Tezos (XTZ) remaining stagnant as Klaytn (KLAY) and Orbeon Protocol (ORBN) storm the markets.
Tezos (XTZ) has a self-amending price
In 2014, Tezos set out to develop what they referred to as a "self-amending blockchain." Though complicated in execution, the idea behind Tezos was straightforward: anybody who held its XTZ coin would be able to vote on potential changes to its rules, and once a decision had been reached, the software would automatically update to guarantee the changes were implemented.
As of 24 October 2022, the Tezos (XTZ) cryptocurrency token has fallen by about 69% year to date (YTD). From the token's all-time high in October 2021, it has decreased by more than 85%. The drop in the token's price has been brought on by the volatility and uncertainty that have been created in both the traditional stock market and the cryptocurrency markets as a result of several macroeconomic reasons.
Klaytn (KLAY) is taking an aggressive approach
The open-source crypto Klaytn, which focuses on the metaverse, has experienced significant growth during the past week. The cryptocurrency was trading at $0.21 just seven days ago. Additionally, it struggled a lot during the week until gaining steam on Wednesday. The token has only fluctuated higher since then, registering a remarkable gain of 30.80%.
The recent upswing in the crypto market as a whole is one of several triggers behind Klaytn's current push. The Klaytn team also made a number of aggressive actions during the week, including its plan to decrease the block reward and token buybacks.
Orbeon (ORBN) looks like a world-beater.
Orbeon Protocol is a new entrant to the crypto market and, safe to say, it has hit the ground running.
The Orbeon Protocol platform, based on an Ethereum blockchain, is designed to bring together start-up businesses looking for investment capital, with crypto holders looking for rare and enticing investment opportunities.
By minting and fractionalizing NFTs to represent a company’s opportunity start-up companies no longer have to jump through demoralizing hoops and everybody finally gets access to new, exciting investment opportunities.
Orbeon Protocol brings a diverse range of options to its members across its ecosystem. This includes the ability to stake ORBN tokens for passive income, the right to vote on key decisions and upcoming projects and discounts on trading fees and cashback rewards paid out in USDC. Additionally, they get priority access to exclusive future funding rounds.
With each funding smart contract containing a permanent ‘fill or kill’ mechanism - any projects which don’t achieve full funding automatically returns funds back to the investors bringing peace of mind to Orbeon Protocol users.
The current price of ORBN, the platform native token, is $0.009 and available in the presale phase which opened at the end of October. As a measure of how much excitement Orbeon is generating, they raised $400,000 in token sales in the first two days of the presale. That’s a performance worthy of a World Cup.
Find Out More About The Orbeon Protocol Presale