Coinbase commercial has rolled out a new advertisement about the approaching Bitcoin (BTC) halving event. Scheduled for April 19, 2024, this event will decrease the amount of Bitcoin available. The ad seeks to enlighten the audience about the possibility of a Bitcoin price rise and highlights the major differences between Bitcoin and conventional currencies.
The commercial begins with a powerful question: Is Bitcoin as effective as your money in time? It opens a comparative visual representing Bitcoin’s purchasing power over time. It specifically emphasizes the quantity of pizza one can purchase with Bitcoin at different times.
Bitcoin Becoming More Popular in 2024
2024 has been a significant year for Bitcoin and the whole cryptocurrency market. In January, the first Spot Bitcoin ETFs were approved by the U.S. SEC. This authorization has increased Bitcoin’s public image and appeal as an investment. The value of BTC surged, reaching an all-time high of more than $73,000 in March.
The rise has not only enriched Bitcoin holders but has also had a positive effect on the whole digital asset industry. The expectation of the Bitcoin halving event is anticipated to stimulate more interest and investment in the cryptocurrency space. The new ad campaign from Coinbase is considered an effort to ride this wave.
Anticipated Market Shifts as Bitcoin Halving Approaches
The differences in value are shown in four-year intervals, which coincides with the Bitcoin Halving. The market is highly anticipating this happening in 2024. Indeed, the decrease in the assets circulating supply is set to occur on Friday, April 19th.
Moreover, its increased value is set to be increasingly important for the market as a whole. Throughout this year, Bitcoin has proven to be the tide that lifts all boats. Therefore, the industry as a whole- including Coinbase—has sought to champion the asset’s importance to the sector by highlighting what should be a monumental BTC halving.
The upcoming halving is projected to have profound impacts across the crypto market. It emphasizes Bitcoin’s deflationary nature in contrast to traditional inflationary currencies. As the supply of Bitcoin gets cut in half, scarcity could drive its value even higher. This economic principle is a core component of the asset’s appeal and a key focus of the Coinbase campaign.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The crypto sector has always been about inventiveness and creativity. Since the creation of the blockchain, thousands of projects have been created, each with a unique value proposition. To remain relevant in crypto, one always has to be on the lookout for the latest projects. One project making waves in crypto circles is the new Oryen Network dApp, with its native ORY tokens.
What is the Oryen Network?
The Oryen Network project is poised to take over the DeFi space and become one of the biggest projects in the history of DeFi. It uses a revolutionary protocol called the Oryen Autostaking Technic (OAT), which will make staking safer and easier. The result is that ORY token holders will earn the highest fixed returns in the crypto space.
How OAT Works
Thanks to the OAT protocol, ORY token holders have access to a fixed APY of 90%, which is the highest fixed returns rate in the DeFi sector. It uses a simple but powerful function called Buy-Hold-Earn to offer these rewards.
Buyers of the ORY tokens are automatically inducted into the OAT staking program, where they stand to earn returns every 60 minutes. Users will earn daily returns valued at 0.177% of their stake amount. These rebase rewards are distributed to all $ORY token holders. If one buys the ORY tokens and does not move them, they can earn 90% per annum returns.
The model is extremely easy and safe. Users do not have to move their tokens to a centrally controlled smart contract, which would increase their risk. The OAT relies on a set of complex factors to ensure that the price of the ORY token is stabilized. It also relies on game theory to determine the most likely outcome of human behavior. The developer team studied all of these elements to ensure they work effortlessly to stabilize the Oryen Network ecosystem.
OAT is powerful and flexible. It will be the foundation for numerous products and services launched with the Oryen Network ecosystem. Each of them will significantly affect a unique area of the crypto world.
The full preview of this dApp can be viewed here: http://dapp.oryennetwork.io.
The Role of Rebase Tokens
Within the Oryen Network ecosystem, rebase tokens play an important role. These tokens’ circulating supply increases or decreases with token price changes. The increase and decrease in supply are known as rebasing. When rebasing happens, the supply is hiked or reduced algorithmically.
OAT leverages a positive rebase formula to increase token supply, which lets $ORY token holders keep growing their tokens. However, unlike a traditional staking pool, rebasing tokens eliminates the need to approve and stake tokens in a centralized smart contract.
The RFV ensures ORY tokens’ stable price to make this process work. RFV refers to Risk-Free Value and stores funds in a separate wallet in the OAT system. It helps to ensure that in case of a massive sell-off, it can support the price of ORY tokens.
Dogecoin (DOGE) And Polkadot Holders Envious
The Oryen Network is so promising that DOGE and DOT holders are getting envious. Many of them have jumped ship and are now making significant investments in the ORY tokens, which are still in the presale phase.
Everyone is welcome to be part of this amazing project.
For More Information:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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