Since the beginning of 2022, the crypto market sentiment has declined significantly, wiping out over 3.2 trillion dollars worth of asset value. Most crypto projects have despaired following incidents that propelled the bear market, including Do Kwon’s Terra collapse that wiped out 45 billion dollars, Voyager’s bankruptcy filing that instilled panic in the market as well as the fall of the once second-largest crypto exchange, FTX that sunk under receivership with 130 more companies. In addition, a series of hacks on DeFi protocols also followed, reaching peak levels in October. October alone recorded the highest number of crypto attacks in the world.
ATOM and XMR
Crypto projects behind central authority have displayed the amount of risk in the markets controlled by individuals. The collapse of FTX, a centralized exchange, went down with more than 32 billion dollars belonging to investors and institutions. Do Kwon, co-founder of Terra Luna ecosystem, went missing after his empire collapsed, wiping out billions. Three Arrows Capital also collapsed with billions of dollars on its hands.
XMR and ATOM are some of the crypto projects that have been around. A close look at the two crypto’s prices reveals that the projects have tanked to new lows as a reaction to the ongoing bearish market sentiment that has sent Bitcoin prices to lows below $20k. Although the bearish market continues to reign supreme, crypto tokenomics are solid and sustainable in the long run. Monero’s XMR is an open-source, privacy-based digital asset launched in 2014. It has been around, making it a safe project to invest in.
On the other hand, Cosmos is a decentralized network composed of independent ledgers powered by consensus algorithms. Cosmos’ native token is ATOM, which can be staked on the Cosmos network to contribute to the ecosystem’s vision of developing an internet of blockchains that can expand and merge effectively and efficiently.
Oryen Network will prevail; here is why
Oryen Network offers investors security and safety to their capital because the project is decentralized and fully audited by SolidProof. Oryen Network will also offer investors a 90% APY from the investments staked on the ecosystem. The protocol is designed to help investors build and accumulate wealth through auto-staking and auto-compounding features.
Launching at the bottom of a bear market is one of the easiest ways to ensure long term positive price action on your token, plus with the addition of the utility that Oryen Network brings that only intensifies gains. Join the presale today and catch the ORY trend before it happens.
For More Information:
Join Presale: https://presale.oryennetwork.io/register
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