Investors are always looking for clues about which direction the market is heading. One way to get an idea of what people think is to look at the search results for various cryptocurrencies. These are all excellent indicators for firms in the space and suggest that people are interested in these projects.
This week, the most popular searches were for Oryen Network (ORY), Ripple (XRP), ApeCoin (APE), and Polygon (MATIC). What should you know about these crypto gems?
Oryen Network (ORY)
New ICOs always seem to be at the center of attention, and Oryen Network (ORY) is no different. This new auto-staking protocol has caught the eye of many investors. The idea behind the project is to allow users to automatically stake their assets and receive rewards for doing so. This could be a game changer for the crypto industry.
Staking has traditionally been a manual process that can be time-consuming and tedious. Oryen Network aims to make it easier for users to get started with staking and to earn the highest fixed rewards – a 90% annual percentage yield on initial investments. Investors are awarded hourly, 24 times a day, which calculates 0.177% daily ROI.
The team has a lot of experience in the industry, and they are confident they can make this project a success. Though only time will tell if they can live up to the hype, current search results showcase the excitement around the project.
Ripple (XRP)
Ripple (XRP) is a cryptocurrency intended to serve as a digital asset for payments and transfers. The native asset of the Ripple network is XRP, which is used to facilitate transactions on the network. Ripple aims to provide a more efficient and cost-effective alternative to traditional banking methods and has been adopted by several financial institutions.
Ripple is much faster and cheaper than traditional banks. Ripple transactions can be settled in just four seconds, and it costs a fraction of a penny to do so.
ApeCoin (APE)
Officially established as a token for culture, gaming, and commerce, ApeCoin (APE) is the primary cryptocurrency of the Bored Ape Yacht Club ecosystem. ApeCoin is used as the admission card and governance token of the ApeCoin DAO, where each token holder may vote on the usage of the Ecosystem Fund or submit their suggestions. The token may also be used as a decentralized currency for payments and transactions.
APE can profit from metaverse expansion and everyday transactions, making it a popular investment choice.
Polygon (MATIC)
Polygon (MATIC) is a Layer 2 scaling solution for Ethereum that enables Ethereum users to experience near-instant transactions with low gas fees. Polygon is powered by a security-first decentralized network of validators on the Ethereum blockchain. Polygon makes it easy for developers to launch their own chains and build dApps with the tap of a button.
Polygon is also home to a vibrant ecosystem of projects and applications. The native token of the Polygon network is MATIC, which is used to fuel transactions and power Polygon’s ecosystem.
Final Thoughts
With the week coming to a close, it is clear that ORY, XRP, APE, and MATIC were the most popular cryptos searched. This is likely due to the recent news and events surrounding these coins and the current market conditions. Investors will continue to keep a close eye on these assets in the coming weeks.
Learn More About Oryen:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Telegram: https://t.me/OryenNetwork
Discord: https://discord.com/invite/jSvaXmb2cB
Twitter: https://twitter.com/oryennetwork
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Source: https://www.thecoinrepublic.com/2022/10/21/oryen-network-ripple-apecoin-and-polygon-most-searched-cryptos-this-week/