Despite having the potential to revolutionize fan interaction, Chiliz (CHZ) performance has been somewhat underwhelming. In 2022, Chiliz (CHZ) lost over 50% of its value alongside thousands of investors, leaving many holders feeling flat.
Nonetheless, Chiliz (CHZ) continues to promote itself and has made good progress in 2023, with a 40% price increase in January. At the same time, Orbeon Protocol (ORBN) has made waves throughout the industry, hitting a new all-time high of $0.071 in February.
Chiliz (CHZ) Price Hike Continues In February
Chiliz (CHZ) is the cryptocurrency used for Socios.com, a DeFi platform focused on sports fan engagement. The platform is designed to enhance fan experiences, and has partnered with teams worldwide to offer alternative payment options, as well as lucrative giveaways, opportunities to meet teams and more.
Chiliz (CHZ) was released to the public in 2018, though it first gained traction in 2021 after hitting highs of $0.8786. This dramatic price hike attracted thousands of investors to the project and allowed Chiliz (CHZ) to form partnerships with brands like Racing Club and the UFC.
Following its market highs, Chiliz (CHZ) decreased in value throughout 2022, and is now worth $0.1509 per token. This is an increase from the start of January, which has also sparked an increase in daily trading volume. Should this increase continue, Chiliz (CHZ) could become a top underdog investment in 2023.
Can Orbeon Protocol (ORBN) Overtake Chiliz (CHZ) In 2023?
Although Chiliz (CHZ) has experienced success in 2023, Orbeon Protocol (ORBN) continues to outperform the entire cryptocurrency market. During six presale stages, the price of Orbeon Protocol (ORBN) has increased from $0.004 to $0.071, with price estimates going as high as $0.24 before its presale ends. Should these estimates be correct, Orbeon Protocol (ORBN) could overtake Chiliz (CHZ) in the next few months.
Much like Chiliz (CHZ), Orbeon Protocol (ORBN) also applies DeFi technology to the real world. The project does this with its innovative Orbeon Launchpad, a DeFi launchpad that lets startups raise funds with fractionalized, equity-backed NFTs.
Startups can sell these NFTs to raise money through the Orbeon launchpad, instead of using a venture capitalist. This has several benefits, including a more diversified investment pool, less reliance on a VC and the ability to attract smaller investors who believe in the business’s objectives.
As many investors believe startups to be extremely risky, Orbeon Protocol (ORBN) has created a “Fill or Kill” feature to mitigate risk. In the circumstance that a startup can’t hit its funding targets, this feature will automatically refund investors to limit losses.
ORBN tokens will play an important role throughout the Orbeon launchpad, as well as the wider Orbeon Protocol (ORBN) ecosystem. Investors who buy and hold Orbeon Protocol (ORBN) tokens will earn several rewards such as staking bonuses, cashback, trading discounts and more.
Stage seven of the Orbeon Protocol (ORBN) presale has already sold 25% of its supply in just a few days, and is expected to sell out before mid-February. This has caused investors to flock to the presale, each looking to buy Orbeon Protocol (ORBN) before its price increases again.
Find Out More About The Orbeon Protocol Presale