Crypto enthusiasts anticipate Polygon and Shiba Inu prices to rise to $1 or higher despite the market’s general bearish outlook. Analysts also observe Oryen’s rapid growth as a potential reserve currency that is in its presale phase.
The Crypto market has worsened after the collapse of FTX and the subsequent filing for bankruptcy. Additionally, more than $600 million was stolen from FTX’s cryptocurrency wallets late Friday. The hack negatively impacted most crypto coins, including Polygon, Shiba Inu, and Solona. However, Oryen seems to be immune amid the bearish market as it sets a new record of a 110% increase in its presale.
Understanding Oryen Network
The ORY token is unique among other cryptocurrency investment alternatives because it was developed on the Binance Smart Chain platform. This project’s team is determined and committed to providing the market with a digital asset that is reliable, constantly expanding, and community-driven.
One of the protocol’s key strengths is Oryen AutoStaking Technic (OAT), a novel feature for auto-staking and auto-compounding. This feature provides a simple mechanism for earning and receiving rewards.
Similarly, OAT provides a fixed 90% annual percentage yield (APY), the best rate of return in the market currently. The protocol also has a rebase reward system, which distributes payouts to investor wallets every 60 minutes.
Many investors regard Oryen as a critical addition to DeFi that advances Web 3.0 due to its new capabilities for passive income. As a result, the price of ORY is growing as investors get more interested in Oryen. As a result, some analysts believe the token’s value will soar over $1 in the coming months.
Polygon’s native coin, MATIC, is a Layer-2 blockchain that builds on the Ethereum network to provide scalability and low fees for the network. Its token is used for gas fees but also staking. With a few clicks, it is possible to bridge over to Polygon and use their vast amount of available dApps.
Shiba Inu (SHIB)
Shiba Inu is the biggest meme cryptocurrency after Dogecoin and is currently the 14th biggest crypto by market cap. However, SHIB developed a more extensive ecosystem consisting of the rewards tokens BONE and LEASH, forming the Shibverse. Nevertheless, most SHIB holders dream today of reaching the $1 price per token, which remains highly doubtful.
The bottom line
Polygon’s partnership with Disney makes it likely for the project to continue succeeding, compared to Shiba Inu. However, given Oryen’s success during the ongoing presale, analysts predict its price may skyrocket and cross the $1 mark after the December launch.
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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.