Home Oryen jumps 120% during ICO despite depressing markets with FTT, SOL, and MASK declining sharply
Finance News

Oryen jumps 120% during ICO despite depressing markets with FTT, SOL, and MASK declining sharply

Ruby Layram Finance Editor Author expertise
Fact Checked
Fact Checked
Everything you read on our site is provided by expert writers who have many years of experience in the financial markets and have written for other top financial publications. Every piece of information here is fact-checked. We sometimes use affiliate links in our content, when clicking on those we might receive a commission - at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
We do our best to help you make intelligent financial decisions. Tradingplatforms.com is compensated if you access certain products or services offered by eToro USA LLC and/or eToro USA Securities Inc. and other brokerage companies. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success. This however does not affect our assessments of the brokers, their features, and their overall rating.

While Oryen’s ongoing presale is already up 120%, the rest of crypto is falling deeper. Top cryptocurrencies have taken hits, and none worse than $FTT. The native token to crypto exchange FTX slumped from $25 to under $3 in 48 hours. This collapse rippled through the market, resulting in a bloodbath for most cryptocurrencies, including $SOL and $MASK.

Although investors’ confidence is shaken, optimistic proponents are looking toward profitable projects to help them gain a foothold and grow their assets again. Among 2022 Best Altcoins, according to Business2Community, Oryen has attracted the highest interest, causing experts to indicate the project’s long-term success.

What is Oryen Network?

Oryen is a blockchain-based protocol that makes staking simple, secure, and profitable. The protocol deploys the Oryen Autostaking Technic (OAT), which runs its automation algorithms to eliminate the hassle of staking. Also, OAT ensures Oryen generates high yields to sustain its static 90% APY.

Not only does Oryen offer high yields for staking, but $ORY holders can also receive interest payments every hour. There’s no better crypto-staking deal in the market today.

Oryen also features the RFV staking technology to hold asset reserves, helping to maintain a healthy token price against market volatility. Complementing the OAT and RFV wallet is the Treasury – an additional reserve that funds research and development programs to keep Oryen secure and steady.

Oryen is built for the community and leverages an anti-whale tax mechanism to keep the project 100% decentralized.

ICO Performance of Oryen

Oryen’s numbers speak for themselves. 120% gains in November, 150% by early December, 2,750 unique registrations, and growing. The project is surging rapidly each week, as shown in the presale schedule below.

Statistically, Oryen’s ICO is the best this year. However, the performance is more impressive when put in context with the ongoing market turmoil. Against $FTT’s 80% decline and a shrinking crypto sector, Oryen will be 150% up in early December.

Presale Session Date ORY Price Purchase Bonus
Presale 2 02 Nov — 09 Nov $0.1 10%
Presale 3 09 Nov — 16 Nov $0.11 9%
Presale 4 16 Nov — 23 Nov $0.12 8%
Presale 5 23 Nov — 02 Dec $0.125 7%

What is FTT?

$FTT is the utility token for the centralized crypto exchange, FTX. The token enjoyed intense utility on the bustling exchange as users traded crypto.

However, when FTX faced liquidity problems, $FTT holders panicked and attempted to liquidate their assets. This falling demand has struck the token’s value down over 80% leaving holders in devastating losses.

What is SOL?

Solana is an open-source blockchain protocol that provides high scalability to enable dApps to run efficiently at negligible costs. The blockchain has expanded its infrastructure to support interoperability with the Ethereum ecosystem.

Projects aiming to leverage the high speed and low cost of Solana can seamlessly transfer ERC-20 assets to their SPL-standard equivalents via the Wormhole Bridge. Additionally, the platform’s utility token, $SOL, expedites transaction processing on Solana.

The Bottomline

Large-cap tokens like $MASK, $SOL, and $FTT have taken a tumble amid the FTX-triggered volatility. All the while, Oryen’s token has jumped 120%, causing investors to flood its ongoing ICO. Crypto pundits indicate that $ORY will have a skyrocketing price surge in its December launch. Oryen has illustrated its resilience and high performance, establishing itself as the top staking platform.

Learn More Here

Join Presale: https://presale.oryennetwork.io/register

Website: https://oryennetwork.io/

Question & Answers (0)

Have a question? Our panel of experts will answer your queries. Post your Question

Leave a Reply

Write a Review

Your email address will not be published. Required fields are marked *

Ruby Layram Finance Editor

Ruby Layram Finance Editor

Ruby is a Finance Editor who has 5 years of experience in the finance and cryptocurrency space. Ruby attended the University of Winchester where she received a BSc in Psychology. During her studies, Ruby developed an interest in financial psychology and began writing content around the topic on a freelance basis.  Whilst she was studying for her degree, Ruby spent time learning about personal finance, investing and trading. She has written content for The Motley Fool UK, Bankless Times and Cryptonary where she also worked as an editor. Her interest in cryptocurrency came about after writing a piece for The Motley Fool about the rise of CBDCs. Since then, Ruby has actively invested in the crypto market with a focus on long-term investing.  Ruby is also an experienced trader with good analytical skills. She has used a used a variety of platforms and tools to trade and has first-hand experience with many of the platforms that are featured on the Trading Platforms website.