Polkadot: Open-sourced Shared Multichain Protocol Depreciates
Polkadot is a special project, an open-source shared multichain protocol designed to connect and secure a network of specialized blockchains. Polkadot’s native token DOT is used for staking Polkadot, Governance voting rights within Polkadot’s ecosystem and bonding tokens to connect parachains.
One of Polkadot’s numerous functions is to make blockchains interoperable with each other, in addition to providing a foundation for Web3 or decentralized internet of blockchains.
Polkadot started on a good note, hitting a peak value of $55 a year ago. Despite optimism from Polkadot holders, the DOT token gradually lost almost 92% of its value at a current price of $4.53 as at the time of writing.
Zilliqa: Permissionless, Public Blockchain Loses Value
Touting its “permissionless” feature, Zilliqa set out to conquer the cryptocurrency industry with its amazing project.
As a public and permissionless blockchain, Zilliqa promises fast operation speed as Zilliqa can “complete thousands of transactions per second.” The goal of Zilliqa is to solve the speed and scalability issues that are common to blockchains.
More so, Zilliqa also supports a wide range of decentralized applications while allowing yield farming and staking, two major functions behind its expected growth and appreciation.
Zilliqa’s current value of $0.01783 is a far cry to Zilliqa’s all-time high of $0.2563 two years ago. The depreciation is one of the reasons why ZIL holders are investing in other projects such as Orbeon Protocol.
Orbeon Protocol: Appreciating Token Attracts more Investors
Orbeon Protocol has proven over time its uniqueness which keeps attracting more investors.
Orbeon protocol was designed to help investors source good investment ideas that are worthy of their money or help cash-strapped prospective entrepreneurs raise funds for their ideas.
It’s a great resource for companies to raise funds for their businesses through its ability to create fractional non-fungible tokens that will be made available to prospective investors at an affordable price.
For instance, a company can raise $1,000,000 by approaching the Orbeon Protocol team for fundraising assistance. To achieve this, Orbeon protocol may create 500,000 fractional NFTs at $2 per unit for the general public. The affordable price may attract more investors.
Analysts predict during the presale Orbeon Protocol has the ability to 60x its initial price from $0.004 all the way to $0.24, a solid candidate for any 2023 portfolio.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol