Decentralized finance projects nosedived in 2022. In context, the total value locked (TVL) across DeFi projects fell by 75% to $40 billion in the past year. Still, this performance provides an opportunity for hawk-eyed investors to buy the dip on projects with massive growth potential.
Projects that are likely to rally from their poor performance to success in 2023 are Shiba Inu and SushiSwap. Another platform projected to lead the bullish charge next year is SmarterWorx. The protocol’s ongoing token presale presents an opportunity to generate maximum gains.
Understanding SmarterWorx
SmarterWorx is a decentralized ecosystem featuring the first-ever fractional art NFTs. Primarily, the project users invest in blue-chip art pieces on the go with the resources at hand. For this, SmarterWorx collects fine physical artwork, securely stores and insures it. Then, the protocol mints a 1-of-1 NFT for the art before issuing fractional NFTs for investment by users.
Its native token, $ARTX, fuels all SmarterWorx on-chain processes. The token’s value is backed by art pieces held in SmarterWorx’s vault. Additionally, the project deploys a deflationary mechanism that caps the token supply at 1 billion and gradually burns $ARTX. The SmarterBurn process involves buying back $ARTX using 50% of the net revenue from reselling artwork.
Unlike many DeFi projects, SmarterWorx has extensively built a self-appreciating token with rich utility across markets. $ARTX is designed to generate high returns for its art investors. From the latest ICO records, SmarterWorx has sold 80% of the 100 million tokens allocated for presale stage 1. At the end of the presale, $ARTX will trade at $0.035, a 1000% jump from its current $0.004 valuation.
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How Does Shiba Inu Work?
Shiba Inu is a community ecosystem featuring the $SHIB meme coin. The protocol bills itself as the $DOGE killer, aiming to outperform the largest meme coin, Dogecoin. Shiba Inu launched in 2020 at the peak of meme coin madness, promising to be the best community-run platform.
When its developers sent half of the $SHIB supply to Ethereum co-founder Vitalik Buterin, the news triggered massive demand. $SHIB skyrocketed to reach its all-time high of $0.00008. Since then, $SHIB has plunged 90%. Recent plans by the ecosystem to add utility for $SHIB, like the NFT platform, have attracted interest from traders who predict a renewed demand for the token. So, $SHIB is likely to rise from its 2022 ruins to put up an impressive performance.
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What is SushiSwap?
SushiSwap is an automated market maker (AMM) DEX launched as a fork of Ethereum’s largest DEX, Uniswap. The platform’s AMM enables automated order filling and liquidity sourcing for trade requests. Also, users can swap tokens directly on SushiSwap. The platform’s native token, $SUSHI, serves utility functions like settling fees and rewarding network participants.
$SUSHI has plummeted 85% in 2022 alone. However, the projected bullish run will trigger more activities on the DEX and drive demand for $SUSHI. So, SushiSwap is a project worth considering for your portfolio.
Final Takeaway
In conclusion, worthwhile projects must display their robustness and viability in sustaining token value, especially in extreme volatility. SmarterWorx leads among DeFi projects ready to dominate the sector next year. The protocol simplifies the NFT art collection, including blue-chip artwork. Also, its powerful token, $ARTX, keeps a steadily surging demand that raises its price floor.
Learn More Here:
Use discount code ARTX5 for 5% off your next purchase!
Presale: http://smarterworx.io/buy
Website: https://smarterworx.io/
Linktree: https://linktr.ee/smarterworx
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