Can ADAX Give Us A 100x
An underdog in the Cardano Ecosystem; Can ADA Provide?
Who Are ADAX?
ADAX describe themselves as a state of the art decentralised exchange protocol on their Twitter page, but have they bitten off more than they can chew?
Recent reports have come up showing them struggling to fulfil withdrawals on their initial CEX, but their newly released DEX seems to be working fine.
Price Predictions
ADA is currently at $0.019 with a 23% increase over the last 7 days at the time of writing (9th Jan 2023). If we use their previous all time high which was back in the last bull run on 20th September 2021 they hit $2.44.
If they can at the very least match that previous all time high, which is do able so long as they survive the next 1.5 years in this bear market we could be seeing some huge gains by this new Cardano DEX.
A $100 investment would currently buy you 5,263 ADAX tokens. At the previous ATH that would be worth $12,842. Not bad hey!?
Looking at their recently published road map they look to still be building and moving forward.