Is Ethereum (ETH) Becoming Deflationary? Orbeon Protocol (ORBN) is Setting New All-time
Is Ethereum (ETH) Becoming Deflationary? Orbeon Protocol (ORBN) is Setting New All-time Highs
Yes, Ethereum (ETH) is indeed becoming deflationary. As of writing this article on Tuesday, November 17th, the total supply of Ether has decreased by more than 400 ETH, 55 days after the 2.0 merge. This makes Ethereum’s current deflation rate 0.001% annually. This deflationary status could make ETH’s price increase soon, but there’s another project, still in phase two of its pre-sale, that is grabbing everyone’s attention right now. Experts predict Orbeon Protocol (ORBN) will rise over 6000% to $0.24 per coin within a few weeks. Read on to find out why.
Why Orbeon Protocol (ORBN) is Setting All-time Highs Right Now
Orbeon Protocol (ORBN) is a new decentralized investment platform that plans to take the current crowdfunding and venture capital markets by the horns with the introduction of fractionalized NFTs. With these fractionalized NFTs, users of the Orbeon Protocol ecosystem will be able to reap the rewards of early investing in promising start-ups.
Startups seeking to raise capital can issue these equity-backed NFTs for as low as $1. This allows for everyday investors to access the previously-gated venture capital market.
The best thing about this is that Orbeon Protocol (ORBN) will make use of a ‘’Fill-or-Kill’’ mechanism. This mechanism will make sure that all investors get their money back whenever a start-up company doesn’t reach its funding goals within a pre-agreed timeframe.
Because of this revolutionized way of using NFTs to make venture capital investing accessible to the masses, analysts predict Orbeon Protocol (ORBN)’s native token to skyrocket by over 6000%. This has been reflected in the performance of the project’s presale – stage one has already sold out, while stage two is currently underway.
Is Ethereum (ETH) Becoming Deflationary?
As we already mentioned in the intro of this article, Ethereum is officially becoming deflationary ever since the merge from Proof-of-Work to Proof-of-Stake. With less Ethereum in circulation, the Ethereum that is in circulation will become more valuable over time. However, it will take years, if not decades before we will notice anything meaningful price-wise with regards to this newly introduced deflationary element of the token. Added to this, the crypto community has expressed some concerns regarding the centralization of Ethereum’s network of validators. 46.15% of all its nodes belong to just 2 addresses, making the project very centralized. However, as one of the most popular cryptocurrencies on the market, Ethereum is bound to see continued growth and variation in blockchain validators. Many predict that as Ethereum continues to grow and see updates like sharding, the price will be boosted higher.
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