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The latest crypto meltdown on October 10th was the biggest liquidation event in the industry’s history, throwing a dark cloud over Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest memecoins by market capitalization.
Following the crash, top analysts are recognizing the native token of the nascent PayDax Protocol (PDP) as a prime opportunity, with the potential to deliver considerable profits while defying market volatility.
Dogecoin And Shiba Inu Face Major Price Pressure
After dipping to $0.09 for the first time in over a year, Dogecoin managed a brief recovery to the $0.021 level. However, renewed uncertainty and fear in the market have caused it to lose one of its most important support levels at $0.20 again, leading to a new death cross formation.
The Shiba Inu price has underperformed Dogecoin year-to-date, with SHIB down 43% versus DOGE’s 69% increase, emphasizing SHIB’s vulnerable position in today’s market environment.
 
The PayDax Protocol (PDP) Emerges As Top Choice
On the other hand, PDP has emerged as analysts’ favored option amidst the current market challenges. Priced at just $0.015 in phase one of its presale, PDP is well-positioned to capture liquidity outflows and selling pressure from Dogecoin and Shiba Inu, thanks to its innovative ecosystem.
The traditional banking sector has grown stale and outdated, remaining under centralized control where institutions dictate the flow of money with little input from the public. However, the PayDax Protocol (PDP) is poised to redefine this through its own decentralized peer-to-peer (P2P) system approach.
How PayDax Turns Assets Into Liquid Capital
As a a critical component of its liquidity solutions, PayDax provides users with the capacity to secure their crypto, including Bitcoin (BTC), and borrow stablecoins without the need to trade sell their assets For instance, John may borrow $75,000 in USDT by using his single Bitcoin (BTC) worth $100,000 as collateral.
PayDax’s approach also enables users to borrow against real-world assets (RWAs) such as gold, real estate, luxury jewelry and even art like high-value paintings. For example, Sarah can retain ownership of her high-value watch, valued at $100,000, in order to receive $97,000 in stablecoins, which represents a staggering 97% loan-to-value ratio.
Attractive annual-percentage yield (APY) rewards are also critical. Protocol staking offers up to 6% APY, while P2P lending can yield 15.2% APY. The Redemption Pool, which acts as insurance, provides up to 20% APY, and yield farming can achieve returns of 41.25% APY.
PDP Set To Rise Amidst DOGE And SHIB’s Bearish Outlook
While Shiba Inu experts predict that SHIB could face an additional 40% retracement, marking its third death cross of the year, PDP has successfully raised over $1 million in record time.
Others believe that Dogecoin’s support in the near-term is now around $0.19, but the recent liquidation even has depleted all previously established supports, prompting analysts to warn that DOGE might fall another 43% to close the gap all the way down to the $0.09 mark.
In contrast, PDP’s value is likely to grow to $0.017 in its second presale phase, with some analysts predicting returns of 1,000% or more in the remaining months of the year, boosted by additional institutional support, expected to grow in every phase of the presale.
A Solid Foundation Through Institutional Backing
PayDax has established an unparalleled trust stack for early-stage projects, utilizing Chainlink (LINK) for real-time asset pricing, Brinks for high-value collateral, and Sotheby’s for tokenized asset verification. Additionally, Assure DeFi audits guarantee the security of smart contracts.
The leadership team is entirely doxxed, consisting of named executives such as the CEO John Richardson, CMO Matej Petrik, and CTO Maksim Petukhov, promoting additional transparency.
Utilize the exclusive promo code PD25BONUS for new holders to receive a 25% incentive on their initial PDP purchase while it is available.
Join the PayDax Protocol (PDP) presale Today.
Join Paydax Protocol (PDP) presale | Website | Whitepaper | X (Twitter)
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involves substantial risk as the volatility of the crypto market can lead to significant losses.