Popular trader and analyst Ben Armstrong from BitBoy Crypto shares with his subscribers a low-value altcoin project that is expected to become the number one DEX on the Cardano (ADA) network and pump to the moon. we too cryptocoin.com We have compiled the analyst’s posts for you.
Reasons for price catalyst for ADA-based Adax, according to analyst
Adax (ADAX) is a cutting-edge next-generation DEX and liquidity protocol that offers seamless trading within the Cardano ecosystem and above all, completely decentralized and unattended. As Ben Armstrong said, before Cardano (ADA) decided to develop the Blockchain, the team’s vision was a fully optimized cross-chain exchange. According to Ben Armstrong, there are 3 main reasons that make Adax different and push it to be the best DEX on the Cardano network. The first reason is its compatibility with Ethereum-based ERC-20s, which has been the de facto industry standard until now:
By leveraging IOHK’s Cardano-Ethereum bridge on ADAX, issuers and token holders can migrate their tokens to and from the Cardano network. And it couldn’t be easier. With just a few simple clicks, they are instantly converted into a native token of the same value that works just as well. Best of all, it’s not a one-way street. It is a two-way solution. This means that users can move their tokens back to the source by burning them on the network.
Secondly, the crypto analyst states that Adax is also taking full advantage of some new and innovative models to address dynamically fluctuating rates and liquidity stress in liquidity pools, and more importantly, it has driven fees to all-time lows. Finally, the crypto trader points out that Adax’s UI look is flawless, easy to use, and has great features to boot:
It’s not enough to have a good personality to compete for top DEX status in this day and age. You must be beautiful on the outside too. Fortunately for ADAX, the UIs look as good as any Lambo. Not only that, users can leverage invaluable data like TVL, easily add liquidity to existing pools, and through ADAX’s partnership with StockGeist.ai, integrate a built-in social sentiment feature in real-time from social media to show which tokens and pairs are gaining traction or losing power. provides data. I mean, if the goal is to be the DEX of choice in Cardano, it will be to Uniswap what Netflix is to Blockbuster.
Adax price potential
At the time of writing, Adax was trading at $1.08, down almost 55% from its $2.41 ATH, according to CoinMarketCap data. However, the Adax price was up 12.53 percent on a daily basis. ADAX has a current market cap of just $56.6 million.
Ben Armstrong expects ADAX to pick up momentum in the coming weeks as more listings arrive with gem experts KuCoin and Bitrue, saying the price has been pushed back to $2.41 ATH. Also, with ADAX being the first DEX to issue a token on Cardano, with low fees, interoperability, and this seamless user-friendly UI, the crypto analyst predicts that mass adoption of this DEX is inevitable and the price could increase by at least 20 times. .
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.