CPI data can have a significant impact on the financial world. As a measure of the price change in a basket of common goods, it’s a key indicator of inflation levels. The next set of CPI results is eagerly anticipated, with inflation on the rise.
And inflation results don’t just affect the mainstream economy. They can have an impact on crypto, too. That’s why Bitcoin is currently holding around $19k per token before the next set of results and could either surge higher or lower depending on what is announced. But some other tokens are more resilient against market forces, like Oryen Network.
Oryen Network (ORY)
With some of the strongest passive income credentials ever seen in crypto, Oryen has continued to gain traction upon entering its first pre-sale phase.
Thanks to the revolutionary Oryen Autostaking Technic (OAT), holders are paid regular hourly rebase rewards directly into their wallet simply by holding the token at a substantial compounding rate of 90% over the year. These are some of the strongest yields and the simplest way to earn them. Oryen could be vital in bringing the passive income benefits of DeFi to the masses and is gearing up for a huge growth period.
Bitcoin may be holding at around $19k, but it still has the chance to thrive in the long term. While CPI data may have a short-term negative impact, there’s still a huge future with the most significant coin in crypto. Some think it will return to all-time highs in the next bull run, so current prices may be looked back on and considered a huge discount.
While now might not be the perfect time to buy BTC, it could still have strong long-term potential. However, ORY has the most potential.