In the midst of crypto market swings, both Dogecoin (DOGE) and Shiba Inu (SHIB), the top memecoins, have seen major setbacks, with CoinGecko data showing a 20% retrace for DOGE and a 17% drop for SHIB over the past month.
Despite recent struggles for these memecoins and the current uncertainties in the broader crypto market, experts foresee significant rallies for Dogecoin and Shiba Inu, similar to their rises in 2021 during the memecoin mania.
Dogecoin And Shiba Inu Show Signs Of 2021’s Rally
Presently, Dogecoin and Shiba Inu are maintaining positions above critical support levels at $0.18 and $0.00000975, respectively. The memecoins are currently attempting to consolidate above these crucial thresholds, which hold the key for a potential path to recovery, with signs indicating a new major accumulation phase for both.
Dogecoin saw a huge rise after breaking a major slump from its peak in 2017, following a period of accumulation. A similar trend appears to be building again, with experts indicating that DOGE’s price trajectory points to an initial climb towards $0.29, followed by targets above $0.86.
Shiba Inu, also a strong performer from the previous bull cycle with massive percentage gains, increased to an all-time high of $0.00008616 in October 2021, but since then, the memecoin’s value has dropped by little over 88%.
The PayDax Protocol (PDP) Emerges As DeFi Game Changer
As a potential new altcoin season emerges, experts predict Shiba Inu’s price trajectory will parallel that of Dogecoin, establishing both memecoins as top prospects for significant gains for the remainder of the bull cycle.
However, while Dogecoin and Shiba Inu have gotten attention for previous market rallies, neither token delivers real utility, as opposed to the PayDax Protocol (PDP), which promises to address the pressing demands that investors have been waiting for.
PDP, which is now in the initial presale stage, is being hailed as the people’s DeFi bank, delivering a vision and a peer-to-peer (P2P) decentralized system that overcomes traditional banking challenges while also giving an alternative to the volatile crypto market.
Transparent On-Chain Liquidity Solutions
In contrast to hype-driven approaches, PayDax is focused on constructing a financial ecosystem that mirrors and enhances traditional banking services. Through PDP, users can borrow against assets, lend funds, and access insurance entirely on-chain, transparently.
PDP’s suite of solutions enables investors to borrow up to $97,000 in stablecoins using a $100,000 coin as collateral, for example.
This also extends to other market sectors previously exclusive to institutions, as investors can leverage real-world assets (RWAs). For example, a $100,000 luxury watch can also serve as collateral for stablecoin loans.
PDP’s Price Potential
The PayDax Protocol (PDP) also offers investors the chance to earn up to 15.2% annual percentage yield (APY) by funding collateralized loans, while the Redemption Pool acts as decentralized insurance, offering stakers up to 20% and 40% APY.
In terms of price estimates and prospective valuation, PDP, priced at $0.015 per token, is expected to generate significant demand from consumers and institutional investors, increasing the token’s price prospects.
As the presale unfolds, PDP’s price is likely to skyrocket, with early presale participants and experts of the industry expecting a 1,000% return in the remaining months of the year and a possible 5,000% surge in 2026.
Unmatched Trust Stack For Investor Confidence
On the back of its focus on security, compliance, and trust, PayDax has built an unparalleled trust stack among early-stage projects. Key partnerships with entities such as Chainlink (LINK), Brinks, Sotheby’s, coupled with smart contract audits by Assure DeFi, ensure the safety of every transaction and the protocol’s ecosystem.
With its enforced token utility and institutional-grade partnerships, with more expected to join, as well as its fully doxxed executive team that hosts regular communication channels with investors, PayDax presents presale investors with prospects similar to those witnessed with Dogecoin and Shiba Inu four years ago.
A limited-time promo code, “PD25BONUS,” offers a 25% bonus and a 5% incentive to investors in the presale, further enhancing the advantages of participation.
Join the PayDax Protocol (PDP) presale Today.
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