According to the latest readings from CoinMarketCap, the entire cryptocurrency market is worth about $1.17 trillion as tokens hustle for dominance in the market daily. The momentum has shifted from giants Bitcoin (BTC) and Ethereum (ETH), following their sudden dip earlier this month, and some altcoins have taken the initiative to dominate the market.
One is the DeFi titan, Synthetix (SNX), keeping a modest rally in preparation for the bull run. The token will have a worthy challenger in Anarchy (ANA), whose ANA token price is expected to spike to 100x after its presale. It's a battle for dominance, using price rallies as weapons, and we wonder who will come out on top.
Here's how the market is looking.
Synthetix (SNX) Price Continues Correction Amid Exchange Launch
The Synthetix (SNX) protocol is dedicated to offering liquidity to exchanges, market options, and other Perps on its network. The token has been on the rise since its SNX price correction in May, and its developers are riding that momentum to generate more traffic.
The Kwenta decentralized exchange on Synthetix (SNX) has been problematic for users, and a solution couldn't have come at a better time. Founder Kain Warwick stated that the Infinex upgrade was launching on Synthetix (SNX) later this month to provide token swap services similar to centralized exchanges. The Infinex DEX provides non-custodial order books for traders, with public and private keys for trade orders, which are different from those used for transferring tokens.
Synthetix (SNX) emphasizes a permissionless structure for its DApps, a feature that makes its platform more desirable than many other rivals. The SNX price has been rising since Infinex's announcement, as users anticipate the new exchange platform. In fact, Synthetix's price prediction from CryptoNewsZ states that the SNX price could hit $5 this year and $8 by 2025.
On the other hand, Anarchy (ANA) is bringing its full potential to the cryptocurrency market, and Synthetix (SNX) might not be able to handle it. The new meme coin is offering 10,000% ROI to early investors, and, as a result, the presale is rising exponentially.
We all can't wait to have Anarchy (ANA) launch, but here are a few remarks on its protocol.
Something huge is coming.— ANARCHY (@anarchycoineth) June 10, 2023
If you see this 👀
Then your early! pic.twitter.com/HssZ4ywwrJ
Anarchy's Profits: Christmas Came Early!
Anarchy (ANA) is preparing a surprise with its launch, as experts back the token to replicate Pepe coin's success this year. But unlike PEPE, Anarchy (ANA) is planning to stay relevant for much longer.
The Anarchy (ANA) token is going to be the identity of Anarchy's community, a model of decentralization, trust, and development. The Anarchy (ANA) community will run as a Decentralized Autonomous Organization, a platform where users are owners. They leverage their stake in Anarchy (ANA) to vote on major decisions concerning the token's affairs to promote the growth of the DAO.
Voting on Anarchy (ANA) DAO occurs once a month, and the process will generate new projects for the platform. These projects could be DApps, exchanges, or NFT marketplaces, which will provide utility for various crypto users, thus attracting user traffic to the project. The traffic will translate into profits, which will eventually go back to the DAO for distribution to members.
Anarchy's DAO treasury will fund all prospective plans from the community, acting as a common purse to hold funds and profits for the DAO. About 4.5% of all sell-and-transfer transactions on Anarchy's network will go to the DAO treasury to facilitate the creation and launch of crypto projects.
Anarchy (ANA) users will keep making more money out of their ANA token investments. Mind-blowing, eh? Well, here's where to get started.
Join the Anarchy (ANA) Presale Today!
As we said earlier, you have to invest early to have a chance at 100x potential profits. The biggest crypto whales start with early investments, so what are you waiting for? ANA tokens cost only $0.00024, and this is your best chance to become an Anarchy (ANA) whale indeed.
The presale website is here ; bag your ANA tokens today.
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.