The Ethereum price has been slipping lower, testing support levels that once gave traders confidence. After briefly showing signs of recovery, ETH is once again facing heavy selling pressure, and many investors are starting to question whether it can reclaim momentum anytime soon.
While the Ethereum price struggles with this downtrend, a new presale project, Paydax Protocol is gaining traction, already positioning itself as one of the best cryptos to buy now, with talk of returns as high as 18,000%.
Ethereum Price Shows Signs of Weakness
Ethereum is under pressure after a sharp 7% drop in the last 24 hours, breaking below its 50-day SMA for the first time in over two months. The decline coincided with $516 million in futures liquidations, with nearly $490 million coming from long positions. ETH is now clinging to the $4,000 support level, a key zone that bulls defended in mid-August.
Technical indicators are pointing south. The RSI has slipped below neutral, while the Stochastic Oscillator has fallen deep into oversold territory. While this shows strong bearish momentum, oversold conditions could also suggest a possible relief bounce if buyers step back in.
Still, the broader outlook remains cautious. If Ethereum loses $4,000, the next test could be near the 100-day SMA. With macroeconomic uncertainty weighing on markets, traders are increasingly questioning whether ETH is still one of the Best Cryptos to Buy Now, or if capital should flow elsewhere. And Paydax has quickly emerged as a standout alternative.
Paydax: The People’s DeFi Bank for the Web3 Era
Traditional banks aren’t broken; they’re just built for themselves, not for you. Depositors earn less than 1%, while banks lend that same money at up to 20x higher rates. Paydax flips that system. This is why it’s being touted as one of the Best Cryptos to Buy Now for those seeking both fairness and high yield.
Here’s how it works. Users can borrow stablecoins by locking up crypto like BTC and ETH or tokenized Real World Assets (RWAs) such as real estate or luxury watches. So Mark can post his $100,000 Rolex as collateral, and instantly unlock $97,000 in liquidity without selling his prized asset.
On the lending side, peers can earn yields of up to 15.2% APY, compared to banks’ less than 1% returns. And for stakers underwriting loans in the Redemption Pool, the rewards stretch up to 20% APY; putting insurance profits in the hands of users, not institutions.
Partnerships and Trusted Integrations
Early interest from trusted institutions has boosted credibility. This early backing can significantly increase the odds of long-term success, especially as liquidity builds before launch.
Christie’s and Sotheby’s, two of the most respected names in global auctions, provide valuation expertise to ensure luxury assets like watches and art are authenticated before being tokenized. Brinks, a global leader in high-security logistics and storage, safeguards collateral with the same level of trust used for securing cash and precious metals.
On the technology side, Paydax’s Dapp will potentially partner with industry-leading tools. Chainlink provides real-time price oracles for both digital and tokenized assets, Jumio enables KYC and compliance for RWA borrowers, there’s also MoonPaypowers fiat on/off ramps for seamless card payments, and Prosegur offers additional secure custody solutions.
Can This Token Really Deliver 18,000% Gains?
Ethereum’s dominance is undeniable, but its days of rapid growth are behind it. Even if Ethereum pushes past $5,000, the percentage growth remains small compared to what PDP offers. The presale is only in Stage 1, priced at just $0.015. Analysts say PDP could hit $0.75 by year’s end; an impressive percentage gain potential.
Beyond price projections, Paydax’s doxxed team with Werner Van Staden as CEO sets it apart from anonymous projects. Its successful KYC verification and full audit by Assure DeFi ensures accountability, giving investors peace of mind.
With over $630k already raised and a presale bonus (PD80BONUS) offering 80% extra tokens, momentum is building fast. For early adopters, this is a rare chance to secure maximum upside in one of the best cryptos to buy now.
Join the Paydax Protocol (PDP) presale and community:Join Paydax Protocol (PDP) presale | Website | Whitepaper | X (Twitter)
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