Diversification is the key to success in a highly volatile and speculative crypto market. If one project doesn’t perform well, the other may cover up the losses. Spreading the risk across several cryptocurrencies is the best allocation strategy for any smart investor. Below are some top cryptocurrencies you can add to your portfolio, if not done already.
Oryen Network (ORY)
Built on the Binance Smart Chain, the Oryen network is a rebase protocol that pays all $ORY holders with a daily ROI of 0.177%, which compounds to 90% in a year. The tokenomics of this currency is designed in a way to generate positive rebase rewards, and this mechanism is supported by a treasury. The Oryen Autostaking Technic ensures that users can earn fixed returns by just holding the tokens. Each $ORY trade will come with a tax to support the overall development of the protocol and keep generating passive rewards for the users.
Despite 2022 being a year of bloodbath, Bitcoin remains as one of the best investments in the crypto space. Over the years, it has earned a reputation as a store-of-value and plays a critical role in deciding the overall direction of the market. As we move to a cashless society, Bitcoin will grow in popularity as a decentralized currency over which no one has complete control. It’s equivalent to fiat in the crypto world, but with much better tokenomics.
Cardano is a highly scalable and secure PoS (Proof-of-stake) blockchain platform that aims to address the limitations with Ethereum. The recent network upgrade with Vasil hard fork unleashes countless possibilities for users and developers. The blockchain now provides better and faster data processing with improved security. If you believe in the future of decentralized applications and the value they provide to the Web 3 space, the ADA token can be a great investment. One can also stake it to secure the network in exchange for rewards.
Solana is a high-speed layer-one blockchain designed to facilitate the development of decentralized applications and smart contracts. The project supports a broad spectrum of NFT marketplaces and DeFi platforms using a hybrid consensus mechanism. SOL is the native token powering the ecosystem and can be used to pay transaction fees, receive rewards, and participate in governance. Despite a series of outages in the recent past, Solana remains a preferred investment choice.
The crypto market is full of opportunities for those who believe in the future of blockchain. While investing in established projects may assure a sense of security, it’s the upcoming projects like Oryen that are likely to offer the best returns.
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