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Building wealth has never been easier in investing, thanks to emerging technology. Blockchain technology has brought about a new asset class worth investing in; a class of digital assets known as cryptocurrencies. However, it is unfortunate that most projects could be doing better than what investors presumed would happen. Although the bearish sentiment has reigned supreme, a handful of projects seem immune to the mass selloff. Oryen is one of them.
Dogecoin is a popular meme coin regarded as Elon Musk’s favorite crypto. The digital asset was created by two software engineers, Jackson Palmer and Billy Markus, who came up with the idea as a joke after copying Bitcoin’s same code. Although regarded as a meme coin, Dogecoin was the first dog coin to surface on the internet, and it benefited early investors significantly by surging in prices and gaining popularity.
Like Dogecoin, Shiba Inu was also developed as a meme coin that significantly rose the ranks by hiking insanely in a short duration. The surge was so high that a $10 investment yielded $4.2 million in less than twelve months. However, the project went dead after failing to reach the anticipated $1 price tag.
Like other crypto projects, Shiba Inu is down 90% from its highest price ever recorded at the peak of the last Bull Run. Although it provided good capital gains once, Shiba Inu only resembles other projects as its hype quickly died off, making it fall under the category of ‘ordinary crypto projects. Although the ecosystem initiated Shibarium, the upgrade has not significantly impacted Shib’s supply and demand.
Oryen network is the hottest and newest project on the
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