It’s hardly a month old, yet Oryen Network has gained enormous traction amid crypto winter, bringing fresh sensation back to the DeFi industry. Phase four of Oryen’s ICO has surpassed the $1,000,000 mark, with early investors seeing the price rise from $0.05 to $0.125 in four weeks.
Moreover, Oryen is majorly making headlines in the crypto industry due to an outstanding staking protocol that earns holders a fixed APY of 90%, translating to a 0.177% daily return on investment (ROI).
In addition, the staking platform combines its unique Oryen Autostaking Technic (OAT) feature and a complex set of factors to offer constant rebase rewards. A treasury effectively supports this yield system besides an RFV wallet to guarantee continuous payouts and a stable value.
Experts are confident that the price of ORY, the native token, will surpass the $1.00 mark shortly after the launch on 30th Dec 2022.
Shiba Inu early investors earned massive returns, and the token value showed signs of reaching $1.00 in 2020. However, SHIB lost about 65% of its market cap in 2022.
With the sharp decline during the current bear market, it has a long way to reach its all-time high, and it will need to gain over 85,000% before it touches the 1-dollar mark. Unfortunately, SHIB lacks utility, but it is currently developing the Shibverse, consisting of metaverse applications that might prove helpful in reaching this milestone.
Tamadoge is a P2E platform that rewards users with a TAMA token as an incentive for buying, selling, or trading dog-like virtual characters (Tamadoge pets) in the form of NFTs. According to crypto analysts, Tamadoge has an interesting set of tokenomics but will need help to reach the $1 mark, similar to SHIB, due to its high supply.
Big Eyes is currently in the ICO phase and has gained significant attraction among investors. However, chances of reaching the 1-Dollar mark are minimal; its token has an incredibly high supply of 200B tokens.
The Bottom Line
Oryen’s automated staking (OAT) and compounding features have already paid back early holders 150% of their initial investment. Holders of its rival’s tokens, such as Shiba Inu, Tamadoge, and Big Eyes, are convinced to make well above average profits with ORY as the coin is destined to hit the 1-dollar mark upon launch.
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*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.