If you want to invest in cryptocurrency for the long term, you should put the majority of your money in layer-1 and layer-2 blockchains. This is because many apps built on top of these blockchains are risky, don’t have many users, and have a lot of competition. This is because projects like Cardano (ADA) and Polygon (MATIC) will likely last long. Initial coin offerings (ICOs) for tasks like Oryen Network that have a chance of becoming famous would be the only exception to this rule (ORY). Read more about interesting crypto news at this link.
ORY Network is a Defi token (ORY) that will soon go live and offer a 90% annual yield (APY). If a return sounds too good to be true, you should stay away from it. On the other hand, the Oryen team made a contract that guarantees rewards and keeps the price of tokens stable. The number of tokens that can be used goes up at the same rate that the total value of the treasury goes up.
The fees for buying and selling ORY add between 8% and 12% to the total money the Treasury has. The platform uses a complicated set of rules based on game theory and the psychology of investing in keeping its return rates high and its token prices high enough to make it worth buying. It’s nice that Oryen has a 90% return rate, but its best selling point is how easy it is to use.
To get staked, you must buy and keep ORY tokens (using a wallet compatible with the Binance Smart Chain). If the APY is 90%, a million yen will be worth 1.9 million yen after only one year. Because of the magic of compound interest, that amount will skyrocket to 24 million ORY in five years and more than 600 million ORY in ten years.
If it takes ten years for the price of a token to rise by 50%, from $0.050 to $0.075, an investment of $10,000 in the initial coin offering (ICO) will be worth more than $1,000,000 by then. ICO investors can not only buy ORY tokens for less money, but they can also get more bonus tokens the sooner they buy them. You will also not have to pay the 8% tax. On December 30, 2022, Oryen Network will go live on the internet.
Cardano (ADA) Is a big target market
Cardano has been moving at a snail’s pace when developing new versions of the
project. They plan to take their time and only make changes that other experts in the field have already approved. Still, since the Vasil fork update was made, ADA transactions have been faster and cheaper than ever. Cardano will eventually reach escape velocity and head toward the moon, like a rocket that moves slowly at first but speeds up as it goes.
Polygon is now fully compatible with the EVM, so it has all the security and features of Ethereum without the prohibitively expensive gas costs and painfully slow transaction times. One example of this benefit is that Uniswap DEX, the most popular cryptocurrency exchange on the market, now works with Ethereum and Polygon. More than half of the things that happen in DeFi are caused by Uniswap DEX. Since Polygon has cheaper transaction fees than Ethereum, it’s clear that Uniswap on Polygon is a better deal than Uniswap on Ethereum. Polygon is likely to do well because it is made by a great group of developers.
There is a chance that $10 ADA is the same as $30,000 in Bitcoin
You know that the most recent rise is different from the ones that came before it because of institutional investors. To be more specific, more and more big names on Wall Street are starting to invest in bitcoin. But they came to the party much later than crypto fans who bought the asset when it was much cheaper.
Because of this, the price of Bitcoin will decrease if people switch from Bitcoin to Cardano and other cryptocurrencies. But if BTC goes down a lot, it could put institutional participants’ stop-loss or stop-limit orders into effect. This could make all cryptocurrencies less expensive.
Yes, ADA could be worth $10 or even a lot more than that. But before you get too excited, you might want to think about what it could mean.