Cryptocurrencies power web3 and blockchains, but innovation is at the core of blockchain technology. DTX Exchange (DTX), Chainlink (LINK), and Worldcoin (WLD) all represent massive leaps in innovation, but DTX Exchange has the biggest room for exponential growth, according to a leading analyst.
Chainlink’s (LINK) usefulness is offset by its tokenomics
Chainlink (LINK) is, by many expert opinions, one of blockchain’s most useful and innovative projects. Chainlink started out as a decentralized oracle system, to ensure that price data cannot be manipulated (since the absence of this leads to hacks and exploits).
Since then, Chainlink (LINK) has expanded its use case dramatically by introducing the CCIP (Cross-Chain Interoperability Protocol). Given that there are now many more blockchains than before, this interoperability means that different protocols and blockchains can seamlessly work together.
And that’s not all. Chainlink’s CCIP makes it much easier for companies to work with the tokenization of real world assets, (RWAs) which Blackrock sees as a $10 trillion dollar industry.
However, with a market capitalization of $8.4 billion (the 13th biggest crypto by this metric), and an FDV (Fully Diluted Valuation) of approx $13 billion, it will be hard for Chainlink’s price to grow substantially.
Worldcoin (WLD) claims to offer privacy but employs shady business tactics
We are now in a world where more and more content is being created by AI, with Google describing generative AI as having the ability to “transform how we interact with information, brands, and one another.”
While generative AI brings exciting opportunities for all kinds of industries, from healthcare to coding to AI models, there is a problem. How are we going to be able to tell what has been created by a human, and who is a human, and who is an AI?
Worldcoin (WLD), by OpenAI’s Sam Altman, is his solution. Much like Vitalik Buterin’s soulbound NFTs, which “enable people to prove they are human and verify their education, certifications, work history” and more, Worldcoin’s (WLD) aim is to allow people to prove they are human. The system works by scanning people’s eyes and tying them to Worldcoin (WLD).
Worldcoin (WLD)’s website boasts that over 6 million unique people have registered for their service. But what they don’t say is that many of these people were registered unethically. A lot came from developing countries such as Kenya, Sudan, and Indonesia. People were paid small amounts of money to register while privacy and other implications were not explained.
So while Worldcoin launched with a $1 billion valuation, investors should know that the coin has been banned in countries like Kenya, and that the company’s ethics don’t match with their purported mission to bring ‘privacy to everyone.’
DTX Exchange (DTX) aims to democratize access to finance
DTX Exchange (DTX) is a hybrid model financial and crypto exchange and trading hub, currently in development. Like Worldcoin (WLD) and Chainlink (LINK), it offers something new to the market. Unlike Worldcoin (WLD), though, it provides true privacy through anonymity. This is because KYC is not required to sign up to the blockchain-based exchange.
This opens up the financial trading of stocks, bonds, forex, crypto, futures, and RWAs to everyone, including people in developing countries, who may not have access to bank accounts or other TradFi products.
It also means that those who cannot trade certain products due to country regulations can now do so, due to the different laws surrounding the blockchain.
A good example of this is short-selling stocks, which have been banned in countries such as Spain, Italy, France, and Belgium. Associations such as the World Federation of Exchanges (WFE) and Deutsche Boerse in Frankfurt have condemned these bans, with the former saying “banning short-selling interferes with price formation, thereby increasing uncertainty”.
In contrast, DTX Exchange offers democratization of access, and freedom for people around the world to trade how they want.
Final thoughts about the price potentials of Chainlink (LINK), Worldcoin (WLD), and DTX Exchange (DTX)
Although Worldcoin (WLD) is a novel idea, sinister things are lying beneath the surface, and this is likely to affect the price in the future. And how many of us want our irises scanned in the supposed name of privacy and access to financial products?
Chainlink’s (LINK) usefulness is unquestionable, but in terms of price action, its tokenomics mean that the coin’s greatest gains are likely already in the past.
DTX Exchange, though a smaller project in terms of scope, is revolutionary due to its usefulness and democratization of finance. And because it is new – in the second stage of presale – the token has a huge amount of room to grow.
Expert Deepak Singh told us that given the success of Binance’s ICO, which is up by almost 500,000% since its launch in 2017, the return on investment (ROI) from DTX Exchange (DTX) is likely to greatly outstrip the potential of Worldcoin (WLD) and Chainlink (LINK).
Visit the DTX Exchange Presale
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