Will it hit the $2-mark in Q1 2022?
Radix (XRD) crypto is unique
Radix XRD is the first Layer-1 protocol that provides an easy platform for developers to build and scale decentralized finance (DeFi). The protocol will reduce congestion and smart contracts leaks.
Founded by Dan Hughes, Radix crypto uses the Byzantine Fault Tolerance (BFT)-based Cerberus consensus protocol, which allows the DeFi to scale without any friction. This allows all of the transactions to process atomically across multiple shards.
Radix takes care of four key issues that developers often face while building DeFi and DLT applications. Via Radix protocol developers can take care of issues related to smart contracts leaks, create applications that operate seamlessly without friction, and scale applications without reducing composability. Additionally, Radix offers incentives to developers.
The automated rewards function helps developers create a decentralized autonomous marketplace for Radix Components. An on-network royalty system will let any developer get directly rewarded for their contributions, large or small, as they are used – like Spotify for code. Developers can also stake the tokens and gain rewards in the process.
Radix XRD is available for trading on Bitfinex, KuCoin, Uniswap, Gaate.io, AscendEX, MEXC Global, Zerion, and Hoo. EXRD is a wrapped ERC20 of the XRD, issued on the Ethereum Network. EXRD can be swapped 1:1 for XRD via Instabridge.io or on Bitfinex.
Radix XRD optimizes cross-shard synchronicity and is able to seamlessly execute the smart contract system through its system.
How is Radix doing now?
XRD crypto is ranked 3379 on CoinMarketCap, and it is currently trading at USD $0.2335
with a trading volume of $533,294 in the last 24-hours At the time of publication, XRD token was up 14% on January 14th and had a fully diluted market cap of USD $5,601,053,075 with a maximum supply of 24,000,000,000 coins.
EXRD is ranked at 320 on CoinMarketCap, is currently trading at $0.2335 with a trading volume of $2,227,532 in the last 24-hours. On January 14th, EXRD token is up .35% and had a fully diluted market cap of US $1,028,185,434 with a maximum supply of 4,410,000,000 EXRD coins.
Even though the Radix crypto hasn’t gained much momentum, experts feel that it could be one of the strong DeFi tokens in the future.
The token offers solutions to many of the problems that developers face in the DeFi space. Many believe by 2026, the token could be one of the strongest tokens in the crypto space.
For now, its goal is to ensure a decent rally in the market so that investors gain confidence in the token.