Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Recently, the famous Safemoon Whale Jim Crypto praised Oryen Network for its immense potential. The popular cryptocurrency YouTuber has highlighted Oryen’s simple staking options and fixed 90% APY. He also emphasized Oryen’s RFV wallet functionality, which maintains liquidity and supports the coin.
Besides Jim, the whole market has started noticing Oryen. Oryen holders are raking in gains, witnessing a 100% ROI on their initial investment. However, not everyone is as fortunate as them. Shiba Inu and ApeCoin holders watch from the sidelines, feeling envious, as both have struggled to gain traction in recent months.
What Drives Oryen’s Price?
Oryen Network is revolutionizing DeFi with the Oryen AutoStaking Technic (OAT), which provides:
- The industry’s highest fixed APY of 90%;
- Rebasing rewards every 60 minutes;
- A simple buy-hold-earn method that increases your portfolio in your wallet quickly.
Oryen’s steady reward system is guaranteed by a positive rebase formula and buy-and-sell fees. These tiny levies fund RFV wallets and liquidity pools to safeguard $ORY amid sharp market declines.
All of this is only possible with well-crafted smart contract codes. SolidProof, a major blockchain security company, has recently reviewed and validated Oryen’s smart contracts. This implies that experienced and qualified developers back the project.
During the first presale phase, Oryen sold about 10 million $ORY tokens, which immediately affected the price trend and set it at $0.10 for the second phase.
How Are Shiba Inu and ApeCoin performing?
Shiba Inu is a cryptocurrency based on Ethereum (ETH) named after the Japanese dog breed. Shiba Inu is a practical alternative for dogecoin (DOGE), with some even referring to it as the “dogecoin killer.”
Observing the coin’s weak performance lately, Shiba Inu developers released the SHIB burn page in collaboration with Ryoshi’s Vision token, an ERC-20 token to help develop the Shiba ecosystem.
Users that burn their SHIB tokens are rewarded with RYOSHI tokens, which helps reduce the circulating supply. The objective is to improve the asset’s value by burning it to deplete the whole pool.
However, this has not necessarily aided SHIB’s holders, as by October 2022, Shiba Inu was down more than 80% from its previous highs.
ApeCoin is an Ethereum-based currency administered by ApeCoin DAO, a decentralized autonomous organization (DAO) responsible for making choices about ecosystem fund allocations, governance rules, projects, partnerships, and more.
The coin came from the Web3 firm Yuga Labs’ Bored Ape Yacht Club (BAYC) series of NFTs. Yuga Labs has embraced ApeCoin as the core token for all of its initiatives, including Mutant Ape Yacht Club (MAYC), Bored Ape Kennel Club (BAKC), and Otherside, the company’s virtual land metaverse offering.
However, as the NFT market craze started to cease, Bored Ape NFTs also began declining, making ApeCoin holders victims.
If you were one of the fortunate buyers during the Oryen presale, you’re probably feeling pretty good now. Not only have you made a 100% return on your investment, but holders of Shiba Inu and ApeCoin also envy you.
So what’s next for Oryen? The team has big plans for the future, including listing on large centralized exchanges, continued platform development, and expansion into new markets. With the solid start for the presale, it’s safe to say that the sky is the limit for Oryen.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register