Price Prediction: Quant (QNT) and Elrond (EGLD) Lack Investor Support While Orbeon Protocol (ORBN) Sprints Ahead in Presale
The crypto market sell-off has hurt many digital assets. Quant (QNT) and Elrond (EGLD) are two tokens that bled value in the past week.
On the other hand, Orbeon Protocol (ORBN) managed to buck the market trend. The token is rapidly selling off and is expected to 60x in the coming weeks.
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Quant is a decentralized finance (DeFi) protocol that connects blockchains. The goal of the project is to connect blockchains and networks on a global scale while maintaining efficiency and interoperability. It is the first project to solve blockchain interoperability by creating the world’s first blockchain operating system.
Since the introduction of blockchain tech, many networks have emerged with specialized use cases. However, these projects soon ran into problems with interoperability between different blockchains. Quant was designed to be that link between various blockchains.
The native token of the Quant network is QNT. The token is used to pay fees on the network and to collateralize transactions. While Quant has a strong use case, it could face competition from “general purpose blockchains” like Ethereum and Polygon.
Recently, the crypto market sell-off has taken its toll on Quant, which has dropped more than 8%. The sell-off has caused a patterned breakdown below the 200 exponential moving average, signaling a potential further decline for the token.
MultiversX (EGLD), formerly Elrond
Elrond (EGLD) is a blockchain protocol for creating and managing decentralized applications. The project’s goal is to provide a high-performance infrastructure for decentralized applications.
Elrond is one of the many projects that have recently pivoted towards the metaverse. The project changed its name to MultiversX, while the token’s symbol will still be EGLD. The blockchain boasts a transaction speed of cost of $0.00025, and it also claims that it is fully carbon-neutral.
However, investors are apparently not convinced by Elrond’s recent metaverse pivot. The recent market sell-off has caused Elrond’s price to drop by more than 12%. This decline has led to a breakdown below the 200 exponential moving average, signaling further potential downside for the token.
Orbeon Protocol (ORBN)
Orbeon Protocol is a platform changing the crowdfunding and venture capital landscape. The goal of the project is to democratize investment in early-stage startups.
Orbeon Protocol enables anybody to invest in early-stage companies for as little as $1. It is a win-win for investors and startups. Investors will get access to investment opportunities they would normally be excluded from, and startups will access a greater funding pool.
Orbeon Protocol’s blockchain infrastructure also makes investing safer and more transparent for investors. For instance, its smart contract automatically refunds investors if startups don’t reach their funding goal. Known as the ‘fill or kill’ mechanism.
The Orbeon Protocol token (ORBN) will be used to pay fees on the network. The recent market sell-off has not stopped Orbeon from sprinting ahead in its presale. The tokens are currently selling for $0.009. It is rapidly selling, and over $400,000 has already sold. Experts believe that the token could shoot up 6000% in the next few weeks!
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