The crypto market has made headlines for many wrong reasons in 2022. Months after LUNA crashed, top exchange FTX collapsed, bringing its token $FTT down. While the news may sound like it’s all doom and gloom, tactful investors have found new opportunities to grow their assets in crypto.
Few projects like Oryen Network have recorded value growth amid plummeting crypto prices. Still, others like Chainlink and Shiba Inu have held up better than most protocols, sliding only a few points. Overall, these projects have an incredible potential for growth in 2023 and could turn over 10X soon.
Understanding Oryen Network
Oryen is a high-yield, community-governed staking protocol built on BSC. The platform offers $ORY holders a fixed revenue of 90% APY, with hourly payouts. Essentially, Oryen is a sophisticated but straightforward source for earning passive income. With the Oryen Autostaking Technic (OAT), $ORY investors can effortlessly generate income.
Apart from earning income without breaking a sweat, Oryen Network has built a framework to secure all assets from potential hacking or market volatility. The protocol conducts smart contract audits with SolidProof as part of its cyber hygiene procedures. Moreover, Oryen’s Risk-Free Value (RFV) staking technology and Treasury combine to provide a buffer for $ ORY’s value. These tools achieve this stability mainly by holding token reserves as a backup during turbulent markets.
Additionally, Oryen deploys tax mechanisms for trading $ORY to incentivize holders from selling. As such, the token’s demand surges, thereby increasing its value. Finally, for community governance, Oryen maintains its operations on the decentralized BSC and leverages the built-in anti-whale tax mechanism to prevent 51% attacks by whales.
What is Chainlink?
Chainlink is a decentralized network that powers smart contracts to interact securely with off-chain data. The protocol connects native blockchains to real-world data while keeping data inputs and outputs like weather and prices untampered and reliable.
The Chainlink network is built on Ethereum, and its native currency is $LINK, which is used for utility and to pay the network’s operators and facilitate other transactions on-chain.
Oracles in Chainlink are the external data sources that link to smart contracts, enabling the automated execution of processes. Since the FTX collapse, $LINK has slumped 20%, a strong performance compared to other tokens.
What is Shiba Inu?
Shiba Inu is the second-most popular meme coin in the crypto market. The project is nicknamed the ‘Dogecoin Killer’ and mimics $DOGE – the most popular meme coin. Both memes use the Shiba Inu dog breed as the face of their tokens.
Despite launching years after Dogecoin, Shiba Inu’s token, $SHIB, has become very popular and ranks among the top 15 cryptos by market cap size.
Following the recent crypto meltdown, $SHIB has plunged 30%. However, considering $ SHIB’s potential, this token is a good purchase as it will quickly rebound when crypto markets recover.
$ORY is up 120%, while $LINK and $SHIB are down 20% and 30% respectively. The showing by $ORY makes it outrightly a must-have token for 2023.
On the other hand, $LINK and $SHIB have taken a tumble but have a significant potential to recover from the dip.
So, adding the tokens to your portfolio could generate more revenue for you next year. These must-have tokens will carry crypto through 2023.
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