After a disappointing year for cryptocurrencies, where the markets have lost over 55% of their value, some enthusiasts are hopeful that the end of 2022 will be somewhat better. This is because of the excellent performance of some altcoins, like Oryen, which have bucked the trend.
Oryen’s token price jumped 120% after a successful Phase three presale, delighting early investors. As a result, ORY has outperformed the declining crypto markets. The project has also expanded its user base, and followers predict this trend will continue.
What is ORY (Oryen Network)?
Analysts have said that the Oryen project is built for investors. Oryen has created a staking platform on the Binance Smart Chain that provides guaranteed yields to holders of its native token, ORY. Furthermore, an anti-whale tax feature enables a censorship-resistant staking ecosystem.
Oryen offers a self-sustaining 90% APY for users who stake ORY. The payable interest is guaranteed so that you can expect a consistent revenue stream. Oryen’s dynamic pricing model for its presale rewards early investors. Additionally, phase four of the presale has already started and sees increasing interest from major communities within decentralized finance.
Even Safemoon whales like Jim Crypto and Steven Clarke have heavily backed the Oryen Network, stating that it’s one of the top crypto projects for 2022.
According to the recently announced presale and bonus schedule, people who purchased Oryen during the phase one presale are already 120% up.
|
Presale Session |
Date |
ORY Price |
Purchase Bonus |
|
Presale 2 |
02 Nov — 09 Nov |
$0.1 |
10% |
|
Presale 3 |
09 Nov — 16 Nov |
$0.11 |
9% |
|
Presale 4 |
16 Nov — 23 Nov |
$0.12 |
8% |
|
Presale 5 |
23 Nov — 02 Dec |
$0.125 |
7% |
Current State of SOL (Solana)
Although Solana has not seen the same success as last year, it is still up from when early investors first bought it. As a result, Solana can potentially be one of the primary development ecosystems in crypto. Some benefits of investing in Solana include its fast and scalable development ecosystem and eco-friendly design. However, you might see more success investing in a token like ORY, which has yet to have its moment.
The Fall of FTT
Last week’s report showed that a large portion of the balance sheet of Alameda’s (a sister company of FTX) is concentrated in FTT and its various activities that use the token as collateral. However, Alameda disputed that claim, saying FTT represents only a certain portion of its total balance sheet.
Binance’s central position in crypto and significant ownership of FTT gave the company a lot of influence over FTX. However, investor confidence in FTX nosedived over the weekend when Zhao, the CEO of Binance, tweeted that Binance would sell its holdings of FTT.
The value of FTT worsened, after Binance, the world’s largest cryptocurrency firm, announced it would not take over the company. The coin traded at around $22 and then sank below $2. The sell-off wiped out more than $3 billion. It all ended with the platform filing for bankruptcy.
What is MATIC?
Polygon’s native cryptocurrency, MATIC, is an ERC-20 token running on the Ethereum network. MATIC crypto is used for fees, staking, and governance on the Polygon network. It is currently the 11th largest token by market capitalization, with a value of $9.7bn.
The token surged past $1 for the first time since August following a significant partnership with Meta. According to Citigroup, layer-2 Ethereum solutions like Polygon will continue to see widespread adoption due to low gas costs, strong user adoption, and the growing developer ecosystem.
The Bottom Line
With FTX filing for bankruptcy and cryptocurrency tokens like MATIC and SOL suffering from sluggish crypto markets, ORY, an innovator, has a solid potential to give its investors almost 2x to 3x returns. Oryen’s platform is sustainable and meets the community’s expectations. This way, the project attracts new members while retaining early investors. Based on this trend, ORY has the potential for a favorable price development in the future.
Learn More Here
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
Be the first to comment