Despite a tough year for cryptocurrency investors, certain tokens have been generating excitement for their uniqueness and real world utility. One new coin Orbeon Protocol has been generating excitement as it fundamentally changes the crowdfunding and venture capitalist landscape with its unique functionality. Some experts have forecasted the project to mirror the success of more established coins like Dogecoin (DOGE) and Enjin Coin (ENJ). The presale for Orbeon Protocol has just gone live at an initial starting price of $0.004.
Enjin Coin is one of Enjin’s projects, being a firm that offers a network of interconnected, blockchain-based gaming devices. Its main project is the Enjin Network, a communal gaming platform where users can build websites and clans, communicate, and run virtual goods stores.
Enjin Coin or ENJ was created to be the native currency of the Enjin Network. Enjin Coin (ENJ) is an ERC-20 token driven by the Ethereum (ETH) network and capable of running smart contracts, allowing the purchase, sale, and exchange of goods with real-world value. Enjin Coin (ENJ) also serves as a utility token for NFTs.
The total supply of ENJ is one billion coins, however as the ecosystem develops and more tokens are integrated into in-game digital assets, less ENJ will be in circulation. ENJ’s total circulating supply was 1,000,000,000 at the time of press, and its market capitalization remained at $414,436,500. ENJ was recently worth $0.42.
Dogecoin (DOGE) is a well-known peer-to-peer digital currency that is open-sourced. Dogecoin modelled after a well-known “doge” Internet meme and has a Shiba Inu dog as its emblem. The currency was created to mock the buzz surrounding several cryptos in the altcoin market. Dogecoin (DOGE) is fundamentally an “meme” development that has since gained a lot of support as a community driven project.
The Dogecoin (DOGE) manifesto’s ethos amply demonstrates the cryptocurrency’s core ideals, which include but are not restricted to offering utility, dependability, and ultimately fostering an atmosphere of trust.
At the time of press, the market capitalization of Dogecoin (DOGE) remains at $8,118,799,083. The price of Dogecoin (DOGE) was recently $0.058, but it is now at $0.059 after rising 0.99% during the previous week. However, Dogecoin (DOGE) may reach $0.33 in 2023 if the long-term mood continues favourable.
Orbeon Protocol, one of the first cryptocurrency crowdfunding platforms in the world, allows people to invest in a number of early-stage companies on a fractional basis via NFTs.
The Orbeon Protocol ecosystem is disrupting the traditional venture capital and crowdfunding industry by enabling companies and investors to transition seamlessly from the Web2 to the Web3 world. The everyday investor now has the ability to buy into the most promising startups for as little as low as $1. Orbeon Protocol allows projects to raise money through fractional NFTs, exponentially increasing the reach and growth potential of businesses on the platform. To safeguard investors, Orbeon Protocol has a unique rug-proofing mechanism in place called the “Fill or Kill” mechanism that refunds investors should the business fail to reach its funding goal.
There will be 888,000,000 ORBN in circulation with only 40% of the total supply being immediately offered for phase 1 presale to the general public, with prices beginning at $0.004. Analysts predict that the presale price of ORBN will grow by 6,000% to $0.24. This unprecedented potential is what is driving the buzz behind what could be a blue-chip investment for many crypto enthusiasts.
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