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The most important thing to remember when investing in cryptocurrency is that the market is very dynamic. Therefore, what may be a good investment today may not be a good investment tomorrow. That’s why it’s important to stay up-to-date on all the latest news and trends in the industry.
If you’ve been keeping an eye on the cryptocurrency world, you’ve probably heard of Oryen Network. Oryen is a blockchain platform that offers several advantages over other platforms and will only gain popularity in the coming years. Here’s how you should invest in Oryen Network in 2022.
What is the Orient Network (ORY)?
Oryen’s main goal is to change the way stock investors and rebasing rewards for ORY token holders. The reward is given every 60 minutes based on a percentage of the total tokens held.
Oryen offers a great way to generate passive income and accumulate fixed income. This is further enhanced by a unique auto-staking (OAT) mechanism. With ORY tokens, you can earn up to 90% fixed APY, which is one of the highest rates available in the crypto world.
ORY has an elastic supply, meaning that the initial supply of tokens in circulation increases or decreases automatically according to the price of the token. The initial supply of the current network is – 40 million. The more demand there is for ORY tokens, the bigger the pool. Oryen then uses the positive rebase formula to maintain the ‘supply house’.
All this has diverted a lot of popularity to the platform. In fact, Crypto enthusiasts like Daryl Boo and Steven Clarke have chosen the Oryen Network as their top crypto pick for 2022. The table below shows how the price of ORY increases while the bonus decreases every seven days.
|Presale session||Date||ORY price||Buy Bonus|
|Presale 2||02 Nov – 09 Nov||$0.1||10%|
|Presale 3||09 Nov – 16 Nov||$0.11||9%|
|Presale 4||Nov 16 – Nov 23||$0.12||8%|
|Presale 5||23 Nov – 02 Dec||$0.125||7%|
Rise of the Polygon in 2022
MATIC, the original cryptocurrency of Polygon, is an ERC-20 token based on the Ethereum network. This digital currency handles transaction fees, staking, and governance on the Polygon network. According to Coinmarketcap, more than eight billion MATIC tokens—out of 10 billion—are currently in use.
MATIC has surpassed the $1 price tag after a significant partnership with Meta (formerly Facebook). This is the first time it has reached this price since August 2022.
However, the blockchain gained popularity after the stockbroker Robinhood announced that it will feature Polygon on its platform. Other partnerships include Nubank hosting Nucoin on chain.
FTT’s Dramatic Fall
FTX was worth $32 billion a few months ago. Billionaire Sam Bankman-Fried built himself a crypto empire. Still, it is nothing more than a sandcastle that is washed away and takes up to $50 billion into the endless sea of decentralized finance.
The FTX token, FTT, is a utility token that gives users access to the functionality and offerings of the FTX trading platform. This is the original token of the FTX ecosystem. However, a CoinDesk article from November 3 questions FTX’s solvency, as it is reported that Alameda Research’s balance sheet is filled with FTT. And this is a huge loss for crypto startups that fund their business by issuing tokens without a real use case.
Binance has a lot of FTT tokens, which it got from a previous deal with FTX. However, after CoinDesk discovered, Binance announced the sale of all FTT, triggering a chain reaction, where FTT crashed after Zhao’s tweet on November 6, from close to $25 to its current price of less than $3.
How is SOL (Solana) performing?
Solana introduces a proof-of-history (PoH) algorithm, which provides security and decentralization while keeping transaction speeds high and gas costs low. As a result, the Solana blockchain can maintain a transaction rate of 2,000 per second, making it a legitimate competitor to the Ethereum network, the second largest cryptocurrency by market capitalization.
Solana’s SOL coin has nearly halved its value in less than a day after the market tanked when Binance’s (BNB) proposed takeover of FTX was called off.
SOL’s losses could be further exacerbated by FTX founder Sam Bankman-Fried’s support for the coin earlier this year. In August, Bankman-Fried said Solana was “the most underrated crypto.”
The Oryen Network is currently in phase 4 of its ICO, and time is running out! With the turn of events from the first ICO, one can agree that it has the potential to grow and surpass the competition in DeFi. So don’t miss your chance to get in on the action!