HODL Mentality Kicks In As Oryen Network Nets 100% Profit, Polkadot Holders Begin Selling To Buy Into ORY Presale

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The HODL mentality has kicked in for holders of Oryen Network (ORY) as the price of the ORY, the native token, has increased by an astonishing 100% since the start of its ICO. This price increase is no surprise to those conversant with the project, as ORY starts to become of the most anticipated DeFi projects in 2022.

The platform aims to provide a decentralized, trustless infrastructure for next-generation interactionless passive income. In addition, holders of ORY receive automated yield payouts, thanks to Oryen’s Autostaking Technic (OAT), which simplifies the usually complex and tiresome staking to a simple buy, hold and earn process.

However, the HODL mentality is strong among the early backers who are already up 100% on their ORY holdings. Given the project’s impressive technology and experienced team, it’s likely that ORY will continue to see a lot of success in the months and years to come.

What is HODL Mentality?

The HODL mentality is simple: hold no matter the market conditions. So you continue holding and adding more to your portfolio if the market goes up or down.

The term “HODL” (Hold On for Dear Life) was first coined by a Bitcoin forum user in 2013 who posted a now-famous message about holding onto his Bitcoin during a period of price decline, with a spelling error.

Since then, “HODL’ing” has been adopted by many cryptocurrency investors with an extraordinary passion for weathering the market’s ups and downs.

So far, it works well for those who have held onto their cryptocurrencies for many years. For example, during its ongoing ICO, Oryen Network’s native token ORY has seen its value increase by over 100% in the past month. In comparison, Polkadot’s DOT token launched at $0.29 in 2017 and is now, even with the massive decline in the market, trading at a solid 22x at press time.

What is the Oryen Network?

ORY, the native token, is at the center of the new staking platform that has been getting much attention lately. Many people are wondering what it is and how it works.

Here is a brief explanation of the Oryen Network.

Oryen offers a solution to staking, making it ultimately more accessible to wider audiences with no prior knowledge or those who are intimidated by staking applications. In essence, a simple buy, hold, and earn process is employed by the Oryen Autostaking Technic (OAT), which auto-stakes, auto-compounds, and automatically pays out the accrued yield to all holders.

Moreover, an RFV (Risk-Free-Value) wallet and backup treasure are also maintained to provide stability and secure the guaranteed APY of 90% during volatile market periods. Additionally, to round the offering up, all smart contracts are audited by SolidProof, adding another layer of security for investors.

Interestingly, the ongoing presale to raise development funds provides early backers a bonus of up to 15%.

What is Polkadot?

Polkadot is an ERC-20-based blockchain that securely facilitates communication between different chains. The chain boasts a throughput of 1,000 transactions per second, utilizing parachains (blockchains running in parallel). Its native token, DOT, is used for governance, validation, and staking.

What Does This Mean for the Future of ORY and Polkadot?

With the HODL mentality kicking in for the Oryen Network, as the team has netted a profit of over 100% since launch, Polkadot holders have also begun selling to buy into the ORY presale as it offers more potential and upside. In essence, a big vote of confidence for the future of ORY.

Conclusion

Long-term holders of Polkadot have seen insane returns, with DOT still trading at an incredible 22x. However, innovations happen daily, and newcomers like Oryen might be the next opportunity to make life-changing gains. In addition, on-chain data suggest that more and more presale buyers are indeed DOT holders.