With the Big Eyes, BNB, and Avalanche mania, it is easy to forget that other coins are doing well. One of these coins is Oryen Network (ORY). In fact, Oryen Network has recently seen its price spike by 110%. So what is it about this coin that makes it so popular? Let’s take a closer look.
Oryen Network Spike by 110%
The Oryen Network ICO has been a wild ride since its presale on September 26, with the token rising from $0.05 to $0.11 within a short period. The ICO has generated a lot of buzz and interest among investors and traders.
The token’s fast growth is backed by a flexible DeFi protocol aimed at generating high yield returns of 0.177% daily or 90% annual percentage yield (APY). To guarantee this impressive APY, Oryen’s smart contract is audited by Solidproof, adding a layer of security for investors.
The company has also developed Oryen Autostaking Technic (OAT), an advanced staking technology that makes it easy for investors to earn passive income every hour.
Additionally, you don’t have to move your tokens around to earn this passive income—you simply buy, hold, and earn.
This is all fascinating news, but what does it mean for Big Eyes, BNB, and Avalanche?
This meme coin promotes contributing 5% of every token to protect the oceans. The presale for Big Eyes has already garnered more than $9 million. Still, investors are growing concerned because the protocol’s viability depends on how well the market receives the Big Eyes NFTs. The market is saturated with meme tokens, and recently there have been declines in NFT trade volume.
Avalanche garnered DeFi liquidity due to its quick transaction finality. Developers transferred their DApps to this EVM (Ethereum Virtual Machine) friendly blockchain. However, AVAX has had a sizable pullback during the weak market. Avalanche holders are therefore looking into investing in Oryen as a DeFi alternative.
Binance Coin serves as the utility token for the largest exchange by volume, Binance, which offers users various earning options and is the most well-known crypto marketplace in the industry. With staking and other built-in crypto-earning methods, users of the recently unveiled BNB Vault also have access to passive income. However, ORY is a stable yield maker, and many investors are adding it to their portfolios.
Overall, the Oryen Network ICO had a good start, with a 110% price spike. Crypto enthusiast Jim Cytpo mentioned in his Youtube video that this growth is expected to increase as many traders invest in it.
To learn more:
Join Presale: https://presale.oryennetwork.io/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Photo by Adam Nowakowski on Unsplash