Despite the bearish sentiment and the generally gloomy outlook for the global economy, crypto enthusiasts look forward to pushing the prices of Polygon (MATIC) and Shiba Inu (SHIB) to $1 or beyond. Analysts are also taking notice of the quick rise of Oryen (ORY), a new reserve currency currently on its initial coin offering (ICO).
Developed by the Oryen Network on the Binance Smart Chain blockchain, the ORY token stands out from other crypto investment options. The team behind this project is clearly motivated and focused on offering the market a digital asset that is stable, ever-growing, and community-driven.
One of the key strengths of the protocol is an innovative feature for auto-staking and auto-compounding called OAT, or Oryen AutoStaking Technic. This feature offers a simple and straightforward method of gaining and receiving rewards. At the same time, OAT enables a fixed 90% annual percentage yield (APY), which is the highest rate of return in the market. The protocol also runs a rebase reward system that sends out prizes to investor wallets every 60 minutes.
The project is currently in the midst of its presale, which means ORY tokens continue to be available at a discounted price. Given its innovative features for passive income, many analysts see it as a pivotal addition to DeFi that advances Web 3.0. As Oryen quickly gains interest among investors, the price of ORY is rising. Some analysts see the price of the token skyrocketing past $1 in the coming months.
At the time of publication, MATIC was trading near $1 at $0.93. MATIC is the native token of Polygon, which is an interoperability solution for Ethereum-compatible blockchains. Many developers use this platform because it is well-structured, easy to use, and affordable for creating and running applications.
Looking back over MATIC’s one-year performance, the token hit its all-time high price of $2.92 in December 2021, maintaining it above $2 until February 2022. As such, MATIC could hit $1 during the first quarter of 2023, following this trend.
Shiba Inu (SHIB)
SHIB is a meme coin that receives firm support from its community. While SHIB enthusiasts want to push its price past $1, this may not happen for some time. As of this writing, it was priced at a fraction of a dollar, trading at $0.00001091. The all-time high price of SHIB also does not come close to $1.
The bottom line
Among Oryen (ORY), Polygon (MATIC), and Shiba Inu (SHIB), MATIC may reach $1 first. However, given that Oryen is scheduled for launch in December, analysts expect the price of its ORY token to surge way past $1 over the coming months.
Learn More Here:
Join Presale: https://presale.oryennetwork.io/register
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