Bear markets have become a permanent feature of crypto markets. While it has suffered numerous corrections in the past, this current crypto winter is the worst by far. Since the launch of Bitcoin in 2009, numerous other coins have come on board.
Today, these crypto projects offer their community various use cases and value. Consequently, their value has grown consistently in the past decade. However, when crypto winter hit in 2022, they all suffered. Some good examples of this impact are BNB and AVAX.
Binance Coin (BNB) is a crypto coin issued by the Binance exchange, the biggest crypto exchange in the world. When BNB went live, it was secured using the Ethereum network as an ERC20 coin. However, it has since moved to its own network. There is a maximum supply of 200 million BNB. Nearly half of the funds raised from the BNB ICO of 2017 were for use in branding and marketing of the Binance exchange.
Today, BNB has numerous use cases. One of the main ones is that it offers discounted trading fees. It is also used to pay transaction fees on the Binance Chain and Binance DEX. Various other platforms accept BNB for payments of services. It can also be used to purchase ICO tokens listed on the Binance Launchpad. Despite its many use cases, the BNB coin has suffered in price. There is a possibility its price could go lower. Thus far, it has gone over 50% lower than its all-time high.
Another impressive project is AVAX. The Avalanche blockchain network was created to rival Ethereum. Its native token is AVAX. The network supports smart contracts, and numerous other use cases, just like Ethereum.
One of its most promising features is the near-instant finality of transactions. AVAX is used to pay transaction fees and is the basic unit of accounting amongst Avalanche blockchains. One of the unique aspects of Avalanche is its ability to support subnetworks. These are sidechains that can perform functions on their own rules. Consensus is reached via subnets, which are groups of nodes that are used to validate a set of blockchains. All subnet validators have to validate the Avalanche network.
While Avalanche has huge use cases and promising features, the price of AVAX still suffered. Thus far, it has fallen over 90% from the all-time high of 2021. It has yet to be determined whether it has reached the bottom since crypto winter is still here.
Oryen Network Defies the Odds
Oryen Network is amongst the few projects doing exemplary well during crypto winter, gaining both media and investor exposure. Thus far, the native ORY tokens have seen their price climb despite the current bear market. Having seen its strong value proposition, investors have been pouring in from all over. The interest from investors has pushed the price of ORY tokens up by 250%. That is quite impressive for a project that is in the presale phase.
Last Thought
While investment opportunities for crypto investors have no doubt dwindled during crypto winter, they are still present. There is still an opportunity to make massive returns by investing in a promising project like the ORY tokens of the Oryen Network.
For More Information:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
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