Crypto analyst Satooshi1242 noted that the Shiba Inu price could be set for an upward move. They shared that the Shiba Inu price broke out of a channel that had capped its gains since mid-September. The analyst also noted that the Shiba Inu price is forming support near $0.0000115, indicating a potential rebound after SHIB’s 4.43% decline.
Notably, more than 100 billion SHIB coins were transferred in a single day, according to CryptoQuant data. This resulted in a 26% increase in exchange netflows of SHIB tokens. Many experts caution that the SHIB tokens may be witnessing a sell-off, while others attribute it to a bid to reduce supply to stabilize the Shiba Inu price.
On the daily chart, the Shiba Inu price remains in a narrowing triangle, currently hovering around $0.0000117. While the Shiba Inu price looks to regain new heights, Paydax Protocol (PDP) is dominating headlines since the launch of its presale, as the DeFi bank with a unique proposition.
Shiba Inu Movement Leads To Paydax Protocol (PDP)
Liquidity is essential for achieving financial independence, whether in cryptocurrency or traditional currency. It enables you to capitalize on opportunities and grow your wealth. However, the issue is that many investors hold their wealth in assets with moderate liquidity, and these cannot be quickly converted to cash without incurring a loss.
Investors usually face the difficult decision of either selling their assets and potentially sacrificing future profits or borrowing from conventional banks, which generally charge high interest rates.
However, with Paydax Protocol (PDP), the process is simplified completely. This innovative DeFi borrowing and lending platform allows you to access liquidity from your crypto and Real-World Assets without having to sell them.
Paydax Protocol (PDP) Ensures Safe Lending for Both Digital and Real-World Assets
With significant financial freedom comes the obligation to borrow responsibly, and Paydax Protocol (PDP) simplifies the process of staying secure. Here’s how:
- Redemption Pool: Paydax incorporates a Redemption Pool that functions as a safeguard similar to an insurance fund, offering a 20% APY for lenders.
- Gnosis Safe Multisig Wallets: Paydax Protocol uses multisig wallets to prevent unauthorized access, thereby safeguarding cryptos like SHIB and Real-World Assets.
- Overcollateralization: Each loan is set up to be overcollateralized, requiring borrowers to contribute more than the loan amount to reduce risks.
- Audited and Secured: The platform has completed an audit by Assure DeFi, confirming the security of its smart contracts and operations.
- Trusted Partnerships: Paydax Protocol has formed alliances with Sotheby’s and Brinks to ensure the authenticity and safety of high-value, tokenized Real-World Assets.
Smarter Gains Beyond Standard Cash-Flow Tokens
Paydax Protocol (PDP) offers a more secure approach to accessing funds while maintaining control over your yield-generating assets. It is a lending protocol that enables you to borrow prominent cryptocurrencies using often-overlooked or meme tokens, such as SHIB, as collateral.
With Paydax Protocol, you can continue to earn from using idle tokens while also using them to free up liquidity. For instance, if you possess stETH or aUSDC, you can borrow USDC or ETH against them without interrupting your staking rewards. This strategy enhances capital efficiency, enabling you to achieve your personal or financial objectives.
Don’t Wait on Shiba Inu Price Moves – Paydax Protocol (PDP) Presale Is Live Now
While the Shiba Inu price potential may excite SHIB investors, this new DeFi bank offers more propensity for growth. To boost excitement around the Paydax Protocol (PDP) presale, the platform is providing an exclusive 80% bonus for early backers. By using the promo code PD80BONUS while purchasing your tokens, you will instantly receive 80% more tokens.
For example, if you acquire 50,000 PDP tokens for just $750 at $0.015 each, you will receive an additional 40,000 tokens valued at $400, resulting in a total of 90,000 PDP tokens.
It’s crucial to understand that this generous bonus is only available for a limited time and will conclude soon. Therefore, taking part in the presale early is essential to maximize potential rewards. Investors are advised to accumulate as many tokens as possible before the opportunity closes.
Join the Paydax Protocol (PDP) presale Today:
Website: https://pdprotocol.com/
Telegram: https://t.me/PaydaxCommunity
X (Twitter): https://x.com/Paydaxofficial
Whitepaper: https://paydax.gitbook.io/paydax-whitepaper
