Analyst Reveals Why The Dogecoin Price Will Reach $1, And Shiba Inu Will Follow Suit

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analyst-reveals-why-the-dogecoin-price-will-reach-$1,-and-shiba-inu-will-follow-suit — Analyst Reveals Why The Dogecoin Price Will Reach $1, And Shiba Inu Will Follow Suit

As Dogecoin (DOGE) pushes for a price recovery, a seasoned market analyst, EtherNasyonal, has identified an ascending megaphone pattern in a chart he posted on X (formerly Twitter). According to the analyst, this pattern is a structure that has historically led to major breakouts.

3-day Dogecoin (DOGE) Chart (EtherNasyonal on X)

EtherNasyonal claims that the repeated sequences show that the current pattern is consistent with earlier setups, each of which eventually delivered extended rallies. With the ascending megaphone pattern expanding towards $1, Dogecoin (DOGE) price could reach the $1 mark in the coming days.

Following Dogecoin’s (DOGE) recent uptrend, a crypto veteran argues that Shiba Inu (SHIB) does not look bad at its current level, suggesting that the Shiba Inu (SHIB) could follow right in Dogecoin’s (DOGE) footsteps. Even though the price of Shiba Inu (SHIB) remains in its consolidatory phase, this development has sparked excitement in the Dogecoin (DOGE) and Shiba Inu (SHIB) communities.

Meanwhile, as Dogecoin (DOGE) and Shiba Inu (SHIB) race to the $1 mark, the innovative DeFi bank Paydax (PDP) is quickly attracting the attention of investors across the crypto space with its approach to addressing the everyday issues of borrowing, lending, and insuring assets.

Join the Paydax (PDP) Presale at Only $0.015 Today

Paydax: A Smooth And Secure Way To Borrow, Lend, And Insure Holdings

For many crypto users, managing digital assets can feel complex and risky. Paydax addresses this issue by offering a simple, user-friendly platform where anyone can borrow, lend, or insure their holdings without needing any deep technical knowledge. The DeFi bank allows borrowers to unlock liquidity from their cryptos or RWAs without actually selling them. All they need to do is provide their assets as collateral and then select LTVs based on their risk appetites. Once the loan is repaid, assets are returned to the borrower.

Lenders can also fund collateralized loans and earn yields, such as 12.5% APY from peer-to-peer (P2P) lending, 41.25% APY from leveraged yield farming, and up to 6% APY from staking in DeFi vaults, among others. Not to mention, Paydax’s insurance protection helps to safeguard investors against sudden market swings and unforeseen risks.

Notably, unlike hype driven altcoins like Dogecoin (DOGE) and Shiba Inu (SHIB), Paydax (PDP) thrives on robust utility.

A Foundation Of Transparency And Trust

In the DeFi space, where skepticism is often prevalent, Paydax is committed to building confidence through full transparency and verifiable trust. Unlike platforms that hide behind anonymous systems, Paydax openly embraces independent security audits, regular updates, and real-time reporting, providing users with a clear view into its operations. Some of Paydax’s key measures as a benchmark of trust include:

A Fully KYC-Audited Team: Paydax’s team, including its leadership, is fully audited and doxxed for KYC purposes. This boosts investor confidence, as KYC-audited crypto projects are usually not involved in rug pulls or scams.

Partnership with Global Infrastructure Providers: The next-generation DeFi bank partners with top infrastructure providers, including Brinks, Onfido, and Sotheby’s, to ensure that collateralized physical items are secure and that only validated users have access to the Paydax platform.

Audited Smart Contracts: Rapid Innovation, QuillAudits, and Hacken, three of the industry’s most respected audit firms, have independently and successfully audited every contract on Paydax.

AMAs and Regular Updates: The Paydax team hosts AMAs, podcasts, and X spaces on a regular basis, keeping the community informed about various developments.

Low Entry Price: The PDP token presale is currently ongoing at just $0.015. This low price offers investors the opportunity to participate from the ground floor and potentially maximize profits, similar to those of early Dogecoin (DOGE) and Shiba Inu (SHIB) investors.

Furthermore, Paydax leverages trusted oracles, such as Chainlink, to provide users with on-chain prices, enabling them to monitor their holdings in real-time.

Join the Paydax (PDP) Presale at Only $0.015 Today