Monday, February 6, 2023
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

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

by Robert Best
November 2, 2022
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Join Our Telegram channel to stay up to date on breaking news coverage

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.

Learn More About Oryen

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

 

Join Our Telegram channel to stay up to date on breaking news coverage



Source link

Tags: BuyHodlHolderskicksMentalityNetsnetworkORYOryenPolkadotPresaleProfitSelling
Previous Post

Four key takeaways from Israel’s parliamentary elections | Explainer News

Next Post

Estee Lauder cuts annual forecasts as China curbs drag demand By Reuters

Related Posts

The IBM–Maersk blockchain effort was doomed to fail from the start By Cointelegraph

by Cointelegraph
February 6, 2023
0

© Reuters Blockchain projects continue to experience failure rates in excess of 90%, and it seems that with every passing...

Russia’s Largest Private Bank Launches Digital Asset Platform – Finance Bitcoin News

by Index Investing News
February 6, 2023
0

Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became...

GRT/USD Could Stay Above $0.12 Resistance

by Azeez Mustapha
February 5, 2023
0

Join Our Telegram channel to stay up to date on breaking news coverage The Graph price prediction shows that GRT...

Best Low Cap Cryptocurrencies To Buy In 2023

by Brian Bollinger
February 5, 2023
0

Published 20 mins ago The crypto market seems to be taking a break from the aggressive buying witnessed in January...

Baby Doge Coin Makes A Surprising 116% Leap

by Christian Encila
February 5, 2023
0

The cryptocurrency market is on its way to possibly rocky terrain this “love month,” but January will linger a happy...

The potential NFT loan market, accessing liquidity through digital assets – SlateCast 51

by Liam 'Akiba' Wright
February 5, 2023
0

SlateCast 51 began with a conversation regarding developments in the crypto world and the impact of downturns on the industry....

Next Post

Estee Lauder cuts annual forecasts as China curbs drag demand By Reuters

Buying a New Smartwatch? Ask Yourself These Questions First

Leave a Reply Cancel reply

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

The IBM–Maersk blockchain effort was doomed to fail from the start By Cointelegraph

February 6, 2023

Newcrest Gets Takeover Offer From Newmont (NYSE:NEM)

February 6, 2023

Corporate financial health to worsen, says Janus Henderson By Reuters

February 6, 2023

China has reasons to keep cool after U.S. downs suspected spy balloon By Reuters

February 5, 2023

Amid crisis, Haitians find solace in an unlikely place: soup

February 5, 2023

Putin mercenary who kept ‘skull of a dead Ukrainian’ as prize is shot in the head by assassin in latest targeted attack

February 6, 2023
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

The IBM–Maersk blockchain effort was doomed to fail from the start By Cointelegraph

Newcrest Gets Takeover Offer From Newmont (NYSE:NEM)

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In