{"id":3106,"date":"2024-02-26T01:45:07","date_gmt":"2024-02-26T01:45:07","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/02\/26\/new-crypto-opportunity-at-0-04-for-investors-who-missed-sol-and-avax-price-rally-2\/"},"modified":"2024-02-26T01:45:07","modified_gmt":"2024-02-26T01:45:07","slug":"new-crypto-opportunity-at-0-04-for-investors-who-missed-sol-and-avax-price-rally-2","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/02\/26\/new-crypto-opportunity-at-0-04-for-investors-who-missed-sol-and-avax-price-rally-2\/","title":{"rendered":"New crypto opportunity at $0.04 for investors who missed SOL and AVAX price rally"},"content":{"rendered":"
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Solana (SOL<\/a>) and Avalanche (AVAX<\/a>) were top performers in 2021 and 2023, offering a more scalable solution to Ethereum (ETH<\/a>). Both ecosystems grew from a few million to billions of dollars in capitalization, rewarding crypto investors<\/a> who embraced the opportunity.<\/p>\n

Now, as technology evolves, new investment opportunities surge in the cryptocurrency landscape<\/a> through yet low-capitalized improved technologies.<\/p>\n

In particular, Radix (XRD<\/a>) appears as a promising contender among layer-1 cryptocurrencies<\/a> looking at decentralized finance (DeFi<\/a>) and Web3<\/a> solutions. Radix is part of a group of chains using sharding to scale their capacity while preserving decentralization and security.<\/p>\n

Other \u2018sharded\u2019 chains are MultiversX (EGLD<\/a>), Near (NEAR<\/a>), Sui Network (SUI<\/a>), and Toncoin (TON<\/a>), to mention a few. Notably, XRD currently has the lowest capitalization among these competitors, with less than $1 billion in market cap<\/a>.<\/p>\n

Radix (XRD) fundamental analysis<\/h2>\n

From a fundamental analysis<\/a> perspective, Radix is a $462 million cryptocurrency, trading at $0.044. The DeFi-focused project has 10.38 billion XRD circulating out of the 12.78 billion total supply. This makes XRD a low-inflation token, at around 2.5% yearly, issued through the proof-of-stake mechanism with native delegation.<\/p>\n

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Radix (XRD) fundamental market data. Source: CoinMarketCap<\/em><\/figcaption><\/figure>\n

In the past, we have seen memecoins like PEPE surpassing the $1 billion market cap zone in a few days. Probably positioning Radix at a discount considering its problem-solving abilities with less than half of this value.<\/p>\n

On that note, Radix thrives as one of the most innovative technological stacks in DeFi. Its asset-oriented model prevents wallet-draining hacks, common in projects similar to or compatible with the Ethereum Virtual Machine (EVM).<\/p>\n

Moreover, Radix\u2019s development language, Scrypto, and its consensus algorithm, Cerberus, guarantee easy onboarding for developers, plus atomic-composability for the sharded transactions the network processes.<\/p>\n

Radix (XRD) technical analysis<\/h2>\n

Meanwhile, the weekly chart suggests XRD as an interesting crypto investment opportunity for traders who missed SOL, AVAX, and others.<\/p>\n

This is due to a recent breakout from a yearly downtrend, coinciding with a breakout from the 20-week exponential moving average (EMA<\/a>). Interestingly, Radix went from $0.05 to above $0.15 per token the last time it happened.<\/p>\n

A price action mirroring this previous activity would put XRD at $0.1 per token for a nearly 125% gain. Additionally, this would make Radix overcome the $1 billion capitalization mark. Still, l less than 10 times what Solana and Avalanche have while solving relevant issues from both networks.<\/p>\n

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Radix (XRD) weekly chart. Source: TradingView<\/em> (Finbold)<\/figcaption><\/figure>\n

It is worth mentioning both SOL<\/a> and AVAX went through major network outages<\/a> in 2024.\u00a0<\/p>\n

In conclusion, Radix may be a promising crypto opportunity for investors interested in DeFi. It has a growing ecosystem with decentralized exchanges<\/a>, lending protocols, betting, and even a popular memecoin called HUG<\/a>.<\/p>\n

Nevertheless, XRD is a low-cap and low-liquidity cryptocurrency, which exposes investors to risks. Therefore, caution is crucial when investing and speculating in these experimental projects.<\/p>\n

Disclaimer:<\/em><\/strong> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Solana (SOL) and Avalanche (AVAX) were top performers in 2021 and 2023, offering a more scalable solution to Ethereum (ETH). Both ecosystems grew from a few million to billions of dollars in capitalization, rewarding crypto investors who embraced the opportunity. Now, as technology evolves, new investment opportunities surge in the cryptocurrency landscape through yet low-capitalized […]<\/p>\n","protected":false},"author":1,"featured_media":3107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/3106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=3106"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/3106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/3107"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=3106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=3106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=3106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}