This Shiba Inu Death Cross Says Major Price Crash Is On The Way
TradingView data shows that a death cross has formed for Shiba Inu on its 3-hour chart, sparking a bearish sentiment towards the meme coin. This puts Shiba Inu at risk of a major price crash even as the market recovers. Meanwhile, utility plays are stealing the spotlight with Paydax Protocol’s (PDP) token, which boasts significant upside from its current presale price of $0.015.
Utility Tokens Steal The Spotlight From Meme Coins
Paydax Protocol’s (PDP) token, alongside other utility tokens like Aster and XPL, is making the headlines ahead of meme coins like Shiba Inu and Dogecoin. The PDP token has caught the attention of many market participants, considering how it unlocks access to liquidity on the Paydax platform from anywhere in the world. Users can use the token to:
- Enjoy a loan-to-value (LTV) ratio of up to 97%.
- Borrow as much capital as possible using major crypto assets such as Shiba Inu or real-world assets, such as gold, real estate, and watches, as collateral.
- Enjoy significant discounts on loan transactions.
- Gain up to 15.2% annual percentage yield (APY) when they lend their crypto assets, such as Shiba Inu, Dogecoin, Bitcoin, and Ethereum.
- Enjoy yields of up to 41.25% APY from leveraged yield farming.
Emergence As The People’s DeFi Bank
Thanks to its broad collateral support, Paydax Protocol (PDP) has earned its reputation as the people’s DeFi bank. Unlike older DeFi platforms that would force users to sell their assets just to borrow due to limited collateral support, Paydax is changing the narrative, thereby ensuring capital efficiency for all investors.
In addition, the platform:
- Offers fixed interest rates between 5% and 7%, with a transparent fee structure.
- Allows users to utilize LP and staked tokens as collateral, enabling them to access new DeFi opportunities while safeguarding their long-term investments.
- Boasts an easy-to-use interface compared to the likes of Aave, Compound, and MakerDAO.
- Offers rewards and incentives through the stability pool and active participation in the ecosystem.
The Great Rotation From Memes To Utility
Notably, there is currently a capital rotation from meme coins to utility tokens such as the PDP token. This explains why Shiba Inu is down double digits in the last week. Meanwhile, the PDP token has experienced significant buying pressure, with millions of tokens purchased during its ongoing presale.
Investors purchasing the PDP token are already well-positioned to use the Paydax Protocol Dapp v1.0, which is already live, to start borrowing, lending, and earning yields. There is also an investment opportunity given the PDP token’s significant upside.
While meme coins like Shiba Inu have failed to replicate the astronomical gains from the last cycle, utility tokens are still living up to the hype. This is evident in the Aster token’s rally of over 1,500% in just one week. The PDP token also boasts similar potential, given its greater utility compared to the Aster token.
👉 Join the Paydax presale today and unlock access to competitive yields.
Restoring Trust And Confidence In The DeFi Ecosystem
The Paydax Protocol (PDP) has also taken steps to restore trust and confidence in the DeFi ecosystem.
- A Doxxed team that Assure DeFi has verified, which has further boosted trust and confidence in the platform.
- Immutable smart contracts that have been assessed and determined to be well secured.
- Trusted custody partners Sotheby’s, Brinks, and Onfido, which ensure end-to-end validation.
- Chainlink Oracles for real-time pricing and asset valuation.
- Multi-sig wallets with Gnosis Safe to help protect users’ funds.
Timing Is Of The Essence
The crypto space is known to be a fast-paced environment, making timing crucial, which is why market participants always need to act quickly. Thousands of investors have already purchased the Paydax Protocol (PDP) token at its low-entry price of $0.015 to start earning yields. Buying the PDP token isn’t only an opportunity to gain access to the platform’s offerings, but also a bet on the first fully on-chain financial system.
The demand for the token has been massive so far, as evidenced by the rapid progress of the first stage of the presale. Those who participate in the presale now can also use the promo code ‘PD80BONUS’ to earn 80% bonus tokens, making them eligible for more benefits on the Paydax platform.
Join the Paydax Protocol (PDP) presale and community:
Website: https://pdprotocol.com/
Telegram: https://t.me/PaydaxCommunity
X (Twitter): https://x.com/Paydaxofficial
Whitepaper: https://paydax.gitbook.io/paydax-whitepaper
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
