.png){kind=logo}
XRP price analysts are confident that its current price recovery shows potential for a higher upside surge. Yet, other traders believe that Bitcoin’s surge will favour new DeFi projects with real-world utility.
This shift has increased demand for PayDax Protocol (PDP), a new ecosystem that is bringing DeFi lending and borrowing services. PayDax has attracted strong interest, leading to over $820,000 raised in its presale, which is still in its early phases. Experts say PayDax could become the next top DeFi token. Here’s why.
Ripple holders are excited over the token’s recent bullish surge, which has come in the aftermath of Bitcoin’s return to $122,000. The market had turned around in early October, spurring an upward XRP price move which is now undoing its recent losses.
As of this writing, the XRP price stands at $3.02 following a 9.22% jump over the past week. Its 30-day chart also shows a 6.67% jump.
One factor that could spur a Ripple surge is a bullish prediction from Egrag Crypto. This XRP price analyst has highlighted the $3.13 and $3.20 zone as a pinkish square zone that XRP will remain in until a three-day candle above it. He maintains that a strong close above this level could be the catalyst for an XRP price surge.
PayDax is creating a full banking ecosystem targeted at decentralized finance markets. This platform sets out to solve the liquidity challenge that has long made DeFi lending and borrowing unsustainable. Even better, PayDax Protocol does this in a way that is immediately accessible to all users in the DeFi world.
PayDax offers robust peer-to-peer loans via its ecosystem, designed to benefit borrowers and lenders. Borrowers can access competitive loans with up to 97% of their collateral value, using either crypto or verified tokenized assets as collateral. This allows them to access capital while bypassing the liquidity hurdles that many face in the crypto sector.
For lenders, they receive up to 15.2% APY by providing high-quality stablecoin loans. The risk of providing these loans is covered by PayDax’s Redemption Pool, which is used to settle defaults. Investors who stake tokens in this Redemption Pool earn up to 20% APY for underwriting loans.
Additionally, PayDax allows users to participate in regular protocol staking, earning up to 6% APY for their contribution. Finally, the network goes further, providing advanced yield farming strategies that pay up to 41%. By having its user rewards come from real world utilitiy, PayDax is ensuring long-term sustainability for its ecosystem.
One of the standout features of the PayDax ecosystem is how it leverages instant partnerships to offer high-quality services. It taps official collaborations with Sotheby’s and Brinks to manage custody. PayDax also offers real-time price feeds thanks to data oracles from Chainlink.
Additionally, the network has been audited by DeFi Assure, showing that its infrastructure is robust enough to protect users. Even better, PayDax is run by a fully doxxed team that hosts regular public interactions, further boosting confidence in the project’s long-term potential.
Many investors have now joined PayDax’s Protocol’s (PDP) presale, which has now raised nearly $840,000 despite being in the first stage of its presale. One token currently costs $0.015. Yet, signing up now allows investors to capitalize on its coming 13% increase to $0.017.
Additionally, PDP’s value will never be this low again, a factor that is fueling a surge of investors into this presale. Get 80% token rewards with promo code PD80BONUS.
With demand for utility-based DeFi coins on the rise, investors say PayDax Protocol is poised for a mega surge in the next bull market. To capitalize on this surge, join PayDax Protocol via its ongoing presale now.
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
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
