Polygon (MATIC) Prices Could Rise Above $1.3 If Buyers Remain In control
The year 2023 ushers in a period of positive optimism for most cryptocurrencies since many of them have begun rebounding from their lows. Polygon (MATIC) was not abandoned in this race.
In the last month, the token representing Ethereum’s internet of blockchains has increased in value by about sixty percent, making it one of the best-performing cryptocurrencies.
How Polygon’s February Could Be
Since the first of the year, the price of MATIC has shown consistent signs of improvement, as seen by the construction of a rounding bottom pattern. It is presently worth $1.19, and if the coin price demonstrates resilience over that mark, trades that have been on the sidelines might seize a chance to enter the market while also being aware that the recovery rally is still intact. Therefore, due to the effect of the rounding bottom pattern, the price of MATIC is positioned to surpass the neckline resistance of $1.3 in the near future.
The breakout of the neckline should, under ideal circumstances, result in a bullish rally that extends the same distance between the breakout point and the pattern bottom support as there is between the neckline and the bottom support. As a result, the Polygon coin price may surge by 50%, reaching the mark of $1.8 if it breaks over the $1.3 barrier. That is, presuming it reflects its past 30 days’ price movement.
Generally, February is considered to be a bullish month for cryptos. It is highly anticipated by experts and investors/traders alike that tokens will see a massive increase this month. On-chain signals for MATIC are currently mostly bullish at the time of writing, as data from IntoTheBlock shows. I wouldn’t be too shocked if MATIC hits $2 by the middle of this year. But only time can time. This is just a prediction.
Hodlnaut’s Bid for Survival, Selling Firm, and FTX Claims to Potential Buyers
Hodlnaut, a Singapore-based crypto firm that collapsed following huge exposure to the Terra Luna UST, is reportedly in serious talks with potential buyers to liquidate remaining assets. According to a report by Bloomberg, potential buyers have contacted the appointed interim judicial managers to inquire about Hodlnaut’s crypto assets including claims against the collapsed crypto exchange FTX.
“Various parties who are interested in acquiring Singapore-based Hodlnaut’s crypto platform and FTX claims have contacted the interim judicial managers overseeing the company after it sought protection from creditors,” an affidavit seen by Bloomberg noted.
Reportedly, Hodlnaut’s FTX accounts held 514 Bitcoin, 1,395 Ether, 280,348 USD Coin
USDC tokens and 1,001 FTX (FTT) tokens. Hodlnaut held more than $18 million worth of digital assets on centralized exchanges like FTX, Deribit, Binance, OKX, and Tokenize according to court documents.
Despite holding substantial assets worth restructuring and reopening the company, Hodlnaut’s creditors rejected the bid by requesting immediate liquidation. As such, the interim judicial managers have been conducting close talks to liquidate the available Hodlnaut assets.
Demise of Hodlnaut
Co-founded by Juntao Zhu and Simon Lee in 2019, Hodlnaut provided crypto interest-earning services of up to 7.25 percent in APY. At its closure, the company indicated that it held approximately $250 million for its over 10k customers. The company advertised weekly payouts and instantaneous withdrawals, which attracted unsuspecting customers.
With the $45 billion Terra Luna collapse pending to be solved and unlikely to get closure soon, the Hodlnaut creditors have lost hope of ever getting compensated by the Do Kwon team. As such, the Hodlnaut creditors seek to liquidate the existing assets and absorb the remaining losses.
Oryen Network Buyers Celebrate While Cardano (ADA) Holders Are In The Red. ORY Presale Live
The cryptocurrency world is buzzing with enthusiasm as Oryen Network’s presale has gone live, providing investors with the opportunity to purchase tokens at a guaranteed profit from here with a launch price higher than the presale price. Oryen Network, which includes features such as staking, trading, and assets management, is already gaining traction in other communities and among influencers. With market sentiment at an all-time low, now is the perfect time for investors to get involved in a presale that is likely to launch into a new macro uptrend.
Cardano (ADA) & Oryen Network (ORY)
Meanwhile, holders of Cardano (ADA), which has been around for two years, are in the red after losing money on any purchases made in the last 2 years that are still being held. The bearish sentiment in the crypto markets has seen ADA fall 95% since the top of $3.10. In comparison, Oryen Network offers a fixed APY of 90%, or 0.177% daily rewards, paid out every 60 minutes. Not only this, but Oryen Network provides users with the ability to stake ORY tokens without giving custody of assets to anyone else or using a staking contract – increasing investor security even further.
In addition to this, Oryen Network’s automated systems make entering the cryptocurrency world easy for those who are new users and cannot access platforms like Coinbase or Binance due to country restrictions or lack of experience. Finally, there is also a treasury that backs up the ORY token called the Risk-Free Value (RFV) wallet, which adds yet another layer of protection for investors on top of what was already mentioned above.
Final Thoughts
In conclusion, it is clear why investors have flocked towards Oryen Network’s presale with hopes of gaining future profits from their investment – something Cardano holders can no longer do due to the bear market dragging down prices significantly since and continuously for the past year. For those interested in learning more about Oryen Network and how it works, it has hit news headlines recently and can be found online as well as links below.
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Oryen ICO Generates 140% Profits For Early Buyers, Outperforming DOGE And SHIB Gains Combined
Oryen ICO has been experiencing a tremendous price change thanks to the support from the team at Oryen Network. Even while economic downturns are worrisome, there are still excellent opportunities to gain income in the future. All you need to do is buy, hold and let your ORY get auto-staked for you once it’s launched.
The secret is patience: Buying when people are afraid delivers amazing rates on effective ventures. Even if DOGE and SHIB are already well-known, ORY offers a chance to get involved with a project with great potential for success in the near future.
DOGE
Based on the well-known “doge” Internet meme, Dogecoin (DOGE) has a Shiba Inu as its logo. Dogecoin’s proof-of-work methodology differs from Bitcoin’s in a few ways, one of which is the use of Scrypt technology.
On Reddit and Twitter, Dogecoin has mostly been used as a tipping system to encourage the creation and sharing of high-quality content.
SHIB
Shiba Inu intends to be the Scrypt-based mining algorithm for Dogecoin on Ethereum. Shiba Inu’ SHIB token is one of several digital currencies with canine themes. Investors who missed the Dogecoin surge from 0.0002 to almost 0.75 USD have shown interest in this lower-valued currency.
Oryen ICO generates 140% profits for early buyers
The early bird catches the worm, right? That’s the same thing that happened to the early buyers of the Oryen ICO. They have bought and held the token through four phases so far.
The price is expected to hit a 150% increase at the fifth phase of the presale, which comes up on the 23rd of November, 2022.
The Oryen network’s unique technology, Oryen AutoStaking Technic, also known as OAT, is its most important element. It ensures that all $ORY token owners are qualified to receive daily rebase dividends. The positive rebase method used by the Oryen network, in contrast to other rebase currencies, enables $ORY holders to keep growing their portfolios.
It is possible to complete all of this without locking the assets or moving them to a different wallet. You are guaranteed a daily return of 0.177%, compounded to 90% APY, and your tokens are automatically staked as soon as you buy them.
Final Thoughts
When a new cryptocurrency is promising, investors venture into it in multitudes. More than anything, they study the market sentiment and see what influencers and crypto whales are saying about it. Interestingly, Steven Clarke and several other crypto influencers have reviewed Oryen ICO, enlightening the market on the need to adopt it.
One of the leading speculations on Oryen ($ORY) token is that it will outperform several existing cryptocurrencies. We can say this is already happening as the value of DOGE and SHIB can no longer stand the 140% price increase of Oryen ICO.
This is the best time to join the presale and catch the early offer, which promises security even during market downtime.
Find out more here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Oryen Presale Buyers Are Having The Best Time Of Their Lives With 110% Profits In a Single Month
Oryen has already been on the move since its debut, it has already brought around 100% profits to early investors, yet, there is still more room for more investors to enjoy these gains and profits! ORY still has plenty of room to grow according to Youtuber, Darryl Boo.
Oryen (ORY)
The Oryen Network is a crypto project that concentrates on innovation, creates rewards and offers value for Oryen token holders through the OAT (Oryen Autostaking Technic). Oryen is a staking token which is Easy and Safe, and gives you a fixed 90% APY (Annual Percentage Yield). According to one of the best crypto publications, ORY seems to be the most anticipated presale right now, with accelerating numbers of investors joining the project daily due to its innovative OAT.
The AutoStake feature: How does it work?
By simply buying $ORY and keeping the token in your wallet, you earn rebase rewards to your wallet, and tokens will increase every 60 minutes. Oryen allows distribution directly proportional to the daily rebase rewards that is worth 0.177% of the amount of tokens you hold in your wallet, which means that without moving your tokens by using a staking contract, Oryen holders receive an annual compounded interest of 90%.
What About Big Eyes Coin (BIG)?
As interesting and profitable as ORY might be, Big Eyes Coin (BIG) is currently among interesting new meme coins as well, BIG has strong eco-friendly credentials and gives a small percentage (5%) of its value to charity. BIG and ORY have strong futures if what analysts are saying is taken into consideration, but it’s ORY that they think has the strongest and could be the best new crypto investment one can make right now.
Conclusion
The long-term goal at Oryen’s Network is to make $ORY a recognised digital currency, which is used within different platforms and network chains.
Find out more here:
Join Presale: https://presale.oryennetwork.io/register|
Website: https://oryennetwork.io/
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Oryen Presale Buyers reporting 100% gains
In the current economic climate, any news of gains is music to investors’ ears, no matter how small. So when reports started coming in of Oryen buyers seeing 100% gains on their investments after only a month of the presale, even Safemoon whale, Jim Crypto, started noticing the ORY token.
Oryen is a brand-new DeFi protocol that creates simple and seamless staking opportunities with high and stable rewards. Observing Oryen’s rapid development pace, analysts have put it on a must-have list alongside Stepn and Optimism. Let’s discover more about each of them.
Oryen Network
Oryen Network is the next-generation auto-staking protocol on the Binance Smart Chain. It rewards its holders with ultra-high fixed APY in $ORY while maintaining a fair taxation rate.
Auto-Staking is the core feature built into Oryen Network. This feature works by elastically increasing the token’s total supply, boosting each holder’s earnings relative to their current balance, which is proportional to the total supply.
Oryen releases and auto-compounds 0.00733% rewards every 60 minutes, 24 times a day, equating to an approximate return of 0.177% daily.
The OAT system uses a carefully calculated positive rebase formula backed by RFV, a separate wallet that collects funds to support and stabilize the Liquidity pool.
On every buy and sell, 8% and 12% of the total transaction amount gets put aside, which then gets converted into the Risk-Free Value wallets, Liquidity Pools, and Oryen Treasury. This effectively fights big sell-offs and supports the project’s long-term stability.
According to Oryen’s official Twitter page, $ORY is now valued at $0.1, which is a massive 100% increase from the initial price.
Stepn
STEPN is a Web3 lifestyle application that blends Social-Fi and Game-Fi components. You may earn prizes by walking, jogging, or running outside.
The STEPN app is based on the Solana blockchain and employs two distinct coins. The GST token is the reward token that users get. It has a limitless supply that may be exchanged in the app for USDC stablecoin. When users reach a specific level of performance in the app, they may also obtain a GMT token.
Users need digital sneakers that live as NFTs on the blockchain to receive incentives for jogging with the app. Because of the speculative nature of NFTs and the cryptocurrency market, NFT shoes can cost thousands of dollars depending on their rarity and quality levels.
STEPN value has massively dropped after Solana’s poor performance during the bear market. However, analysts believe in Solana’s recovery, which will eventually bring a shine to this innovative play-to-earn initiative.
Optimism
Optimism is a layer two chain that runs on the Ethereum mainnet. Transactions happen on Optimism, but transaction data is uploaded to the mainnet, where it is then verified. It is driven by Optimistic rollups, a mechanism that bundles massive quantities of transaction data into manageable pieces, making it significantly cheaper to use than Ethereum.
Therefore, the project’s ideology is to uphold Ethereum’s principles by creating infrastructure that fosters the creation and sustainability of public goods. As a result, despite its tremendous fluctuations and instability, OP’s innovative ideas and solutions have allowed the project to rank among gems like Oryen or Stepn.
The Bottom Line
Oryen Network is a one-of-a-kind business laying the groundwork for novice and seasoned investors to generate passive returns regardless of market trends. It has the support of a strong crew, a significant community, and a pool of committed investors, allowing the project to reach the top spot among the major DeFi enterprises.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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Bitcoin (BTC) Might Drop To This Level If Buyers Don’t Step In!
The price of bitcoin is now hovering around $20,000 and has not changed significantly over the past few days. The resistance level at $20,600 is proving to be a barrier to the price, which has already been rejected in shorter time frames. In the ensuing hours, it is expected that the price will find it difficult to rise over this mark, and Bitcoin’s downward trend might continue.
Following a recent breakout from another range-bound trend on August 26, the price of bitcoin is currently exhibiting tight congestion. The most traded volume level since 2022, BTC is already below the point of control (POC) at $21,535.
If buyers do not enter the market due to the current scenario in the cryptocurrency markets, another leg down will occur, pushing the price of Bitcoin to the range low of $17,585. Investor purchasing pressure from those trying to acquire BTC at a reduced price may be able to halt this 12% decline.
This is more likely to happen soon than later from an on-chain standpoint. According to IntoTheBlock’s Global In/Out of the Money (GIOM) model, the resistance cluster at $23,629 is stronger than the immediate support level at $18,925.
The cluster comprises 2.73 million BTC that were bought by around 4.41 million addresses, whereas the former cluster only contains 673,210 addresses holding 421,840 BTC. According to this perspective, a downturn is more likely to happen, especially if selling pressure suddenly increases.
Conclusion
The coin has spent the entire week trading in a range between $20,500 and the support at $19,575, and it must break this range in order to determine the market’s future course. Almost 300 days have passed since the beginning of the current Bitcoin downturn, and BTC is currently down 70% from its all-time high levels. Unfortunately, it appears that there may yet be more suffering to come.