The Year of DeFi Tokens
Many crypto analysts speculate that DeFi will see explosive growth as it continues integration into the traditional financial framework. This article outlines price predictions for three DeFi tokens: TAMA, BNB, and ORY.
Tamadoge Price Prediction
Tamadoge is a play-to-earn game built on NFT technology. The Tamaverse lets player battle their Tamadoge pets, and the best players receive part of the monthly TAMA prize pool. Analysts predict that TAMA will surge in the following months and enjoy another period of growth later.
The listing of TAMA on large centralized exchanges will drive a more immediate surge by exposing the token to a broader market audience. In regards to future price gain. Tamadoge developers have already begun working on a native metaverse, which could attract a fresh wave of investors as the metaverse becomes more prolific. Analysts expect TAMA could trade as high as $0.50 in 2024.
Binance Coin Price Prediction
Binance Coin, or BNB, is the utility token of Binance- the world’s leading exchange ranked by volume- and the native token of the Binance Smart Chain (BSC). The BSC continues to attract DeFi protocols, and all of this economic activity requires BNB to pay gas fees, driving demand for BNB. In the last bull market, BNB reached an ATH (All-Time High) of $690; in the next bull market, many analysts expect BNB to reach a minimum of $1200. A more conservative expectation would be $950.
This growth will primarily come from a new influx of users exposed to BNB on Binance and the increase of the BSC’s economic bandwidth. The more DApps built on the BSC all equate to more buying pressure for BNB, and when DeFi begins to boom, many developers will build upon the BSC due to its scalability and security.
Oryen Price Prediction
Oryen is the most exciting token on this list by a long shot. Set to launch on the BSC, it is a DeFi protocol that will passively contribute to the growth of BNB. Oryen has already surged 100% recently, driven by its unique dynamic pricing model that rewards early adopters.
Oryen changes the passive income space within DeFi. Thanks to the introduction of the Oryen Autostaking Technic (OAT) system, this protocol provides a low-touch solution for generating wealth. The OAT stakes and compounds on behalf of investors delivering a three-step earning process: buy, hold, and earn. Business2Community listed Oryen as one of 2022’s best DeFi coins, and several analysts have speculated that Oryen could trade as high as $2.50- a 25X from its current price point. Confident analysts have suggested it can go far higher; even stating $10 would not be surprising.
Price predictions remain speculative, and given the prevailing macroeconomic conditions, asset performance can be challenging to estimate accurately. However, despite this, clear trends are emerging, and one is the next expansionary phase of DeFi.
TAMA, BNB, and ORY will benefit from this growth, and all will be central actors in this emerging narrative: now is an excellent time for investors to involve themselves in crypto.
Find Out More Here:
Join Presale: https://presale.oryennetwork.io/register
This news is republished from another source. You can check the original article here