Orbeon Protocol (ORBN) and Huobi Token (HT) are cryptocurrencies that could help protect your portfolio during the ongoing crypto winter. Multiple analysts anticipate ORBN to rally in its presale by more than 6000%. Chiliz (CHZ), a cryptocurrency known for its focus on sports and entertainment, had its price plummet as the World Cup began.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a revolutionary decentralized investment platform that aims to transform the crowdfunding and venture capital sectors with fractionalized NFTs. With these fractionalized NFTs, participants of Orbeon Protocol will be able to profit from early investments in potential startups.
These equity-backed NFTs can be issued by startups seeking funding for as low as $1. This enables everybody to access the previously restricted venture capital market.
Orbeon Protocol (ORBN) will use a “Fill-or-Kill” method, which is the best aspect of this development. This approach will ensure that all investors receive a refund if a startup company fails to achieve its funding target.
Analysts forecast that Orbeon Protocol‘s (ORBN) native token would increase in value by over 6000% due to this innovative usage of NFTs to make venture capital investing accessible to the masses. This is mirrored in the performance of the project’s presale since the first phase has already sold out, and the second phase is presently ongoing. The price of the token has already increased from $0.004 to $0.0144
Huobi Token (HT)
The Huobi Token powers the Huobi Ecosystem, which is currently one of the biggest cryptocurrency exchanges supporting DeFi and Web3. Alongside Binance and OKX, Huobi Global provides funding and infrastructure for developing scalable DeFi services.
Considering its current low price, Huobi could be a hedge for your portfolio. You are protected from extreme market volatility as a utility token of a vast ecosystem like Huobi. Huobi, like many other exchanges, has provided evidence of their reserves, which is an important takeaway.
On the Huobi exchange, traders and investors use Huobi Token as a unique exchange token. Traders that keep Huobi tokens in their hot or cold wallets linked to their Huobi accounts receive immediate tiered discounts.
Chiliz (CHZ) operates the blockchain-based sports entertainment network Socios, which allows fans to influence the management of their preferred sports organizations. Numerous fan tokens on Socios.com serve as an illustration.
Fan tokens enable sports teams and institutions to interact with their supporters while generating new revenue streams. Chiliz provides sports and entertainment organizations with blockchain-based technology that allows them to engage with and monetize their followers.
In the run-up to the 2018 FIFA World Cup, Chiliz (CHZ) has predominantly traded in the green zone. However, most altcoins have fallen in line with the general price movement of the cryptocurrency market.
However, since the start of the worldwide championship on November 20, the Chiliz network that enables teams to create fan tokens has lost its bullish momentum, and bears appear to be gaining the upper hand. CHZ has lost more than 22.5% since the beginning of the World Cup and is currently trading for $0.18.
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