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Three Crypto Gems that could 30x in 2023: Oryen Network, Ethereum Name Service, and Optimism

Since the inception of altcoins as alternative cryptos to Bitcoin, a lot has taken place, and thousands of new cryptocurrencies have been created.

However, even experienced investors will tell you that selecting a coin worth investing in has been an uphill task in the current bear market.

If you are a trader and want to avoid risking your hard-earned money in a volatile market, this article will single out the three crypto gems that have shown consistency and solid returns.

According to crypto analysts, among the crypto gems with a high likelihood of 30x in 2023 are Oryen Network (ORY), Ethereum Name Service (ENS), and Optimism (OP).

Oryen Network (ORY)

Oryen is taking the lead among the three by offering its users an incredible fixed rate of 90% APY. As a result, the native token ORY redefines how to make passive income in decentralized finance.

The unique Oryen Autostaking Technic (OAT) feature has made the high-yielding APY possible. Unlike traditional staking, OAT pays out the yield automatically to the holder’s wallet.

Besides, rebase rewards are paid hourly through a simple buying, holding, and earning process. This means that holders of ORY do not need to interact with any staking contract to generate yields.

Further, through a small percentage of the trading fees, the staking platform maintains a backup treasury and a Risk-Free Value (RFV) wallet to stabilize ORY’s base price and ensure a constant payout of dividends.

Ethereum Name Service (ENS)

On the other hand, ENS deploys the exact mechanism as those used in Domain Name Service (DNS) but adopts it to serve Ethereum users. Ethereum Name Services is an open, decentralized, and extensible naming system operating on the Ethereum blockchain.

Moreover, Ethereum Name Service runs functions as a DAO to support decentralization, which ENS token holders manage. The holders can submit and vote, giving suggestions on the best future developments to be implemented in the protocol.

Optimism (OP)

Optimism, a newer blockchain project, solve issues of high transaction fees and speed up the processing time. Optimism has achieved its purpose without compromising security or decentralization aspects.

In addition, OP takes advantage of Ethereum’s infrastructure to offer a scalable solution to users and businesses while reducing the congestion on the Ethereum network.

The Bottom Line

Oryen Network has proven beyond any reasonable doubt to be a game changer in DeFi. It’s currently ranked as the best staking token in its presale stage. So, if you are looking for top-notch crypto, start with the list above and reap the rewards when the anticipated bull run starts in 2023.