Crypto investors have become wiser after suffering in the market crashes triggered by Terra (LUNA) in May and FTX collapse in November. Wary of popular tokens, which derive their value from speculations, investors are now looking to put their money in new projects with solid foundations and strong growth potential. Amid this growing trend, a new project, Orbeon Protocol (ORBN), has earned the attention of crypto investors with 6000% forecasted returns. Interestingly, older tokens like Enjin Coin (ENJ) and Neo (NEO) are finding it difficult to attract new investors. As the market is expected to recover from the after-effects of FTX collapse soon, this article looks at which of the three tokens – Enjin Coin (ENJ), Neo (NEO) and Orbeon Protocol (ORBN) – will rise fast.
Investors uncertain about Neo (NEO)
Neo (NEO) is a Chinese blockchain, which was once believed to be the Ethereum killer. However, since China banned crypto, Neo (NEO) has failed to take off. Neo (NEO) has been falling consistently since touching an all-time high of $198.38 on January 15, 2018.
Neo (NEO) was trading near $26 in January 2022. During the market crash in May, Neo (NEO) dropped to $9.7. In November, Neo (NEO) fell to $6.1 in the sell-off triggered by the FTX collapse. Neo (NEO) is currently trading at $6.98, down over 96% from the ATH, according to CoinMarketCap data.
While Neo (NEO) has positioned itself as a rapidly growing blockchain ecosystem, investors don’t seem to be interested in this cryptocurrency. With investors becoming wary of centralized blockchain platforms, there are doubts whether Neo (NEO) would be able to reach anywhere near the ATH in future.
Enjin Coin (ENJ) continues to disappoint
The price of Enjin Coin (ENJ) has plunged over 31% in the last 30 days. Enjin Coin (ENJ) touched an all-time high (ATH) of $4.82 on November 25, 2021. However, it has consistently disappointed investors since the ATH.
Enjin Coin (ENJ) fell to $0.57 in May. In the market crash triggered by the FTX collapse this month, Enjin Coin (ENJ) fell to $0.32 on November 10 and hasn’t recovered much. According to CoinMarketCap data, Enjin Coin (ENJ) is currently trading at $0.30, down 94% from the ATH.
Launched in July 2017, Enjin Coin (ENJ) is a part of the Enjin ecosystem, which provides interconnected blockchain-based gaming products. Enjin Coin (ENJ) enables developers to tokenize in-game assets on Ethereum blockchain. While every token minted with Enjin platform is backed by Enjin Coin (ENJ), investors are doubtful about the long-term growth potential of this cryptocurrency.
Orbeon Protocol (ORBN) expected to jump 6000%
Orbeon Protocol (ORBN) looks set to rise faster than Enjin Coin (ENJ) and Neo (NEO). Orbeon Protocol (ORBN) has opened up exciting possibilities for investors. It is revolutionizing startup funding by enabling everyday investors to gain from growing early stage businesses. Orbeon Protocol (ORBN) makes this possible through fractional non-fungible tokens (NFTs).
Any real-world startup can raise funds from the crypto community by minting fractional NFTs on Orbeon Protocol. Investors can buy these NFTs for a price as low as $1. As these NFTs are offered with some reward, or representing an equity share in the business, investors stand a chance to grow their wealth fast, if the startup succeeds.
On the back of growing popularity of Orbeon Protocol, the demand for ORBN, the utility token of the platform, has also surged. ORBN’s price has jumped 260% in the ongoing second phase of presale. Analysts expect that Orbeon Protocol (ORBN) could jump 6000% during the presale.
Find Out More About The Orbeon Protocol Presale
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