This Microcap Gem Is About To Blow Up - Is PhoenixDAO going to be 3x or more a week from today?
For those of you that don't know me I'm fairly experienced in crypto (been in Bitcoin since 2010/2011) and I've had some posts here in the past that a lot of people liked, (here's one of them here is one of them and I've decided to give you an Easter gift with what I think is another undervalued microcap gem.🙂
I like this subreddit a lot, (even though most coins and tokens posted here are absolutely worthless crap), but I find that it's getting harder to find truly undervalued projects that are both decent projects and that haven't already gone at least 10x during the current bull run.
Well, I believe I might have found what is a true microcap gem that hasn't yet been discovered by the Youtubers or the masses, and I suspect that it's going to rocket up in price in the coming days/weeks like all other good projects are doing at the moment.
This is NOT a meme coin or shitcoin like the ones most posters shill in this subreddit, but rather real project that I believe is massively undervalued in this bull market.
I'm talking about Phoenix DAO - $PHNX which looks like a truly great blockchain project that is solving a number of issues, and offers some great blockchain solutions.
In fact PhoenixDAO already have some partnerships that can take their token at least 10x in the near future, but I'm expecting 15x to 30x or so in the coming months, mainly because it seems that literally NO ONE has discovered $PHNX yet, and the market cap is incredibly low with only around 1250 wallet holders on Etherscan!
As I'm writing this post the $PHNX price is $0.083 and the market cap is ONLY $4.7 million, and it should be much higher!
I'm not basing my 10x price prediction on marketing hype btw, like most of the meme coins posted here, but rather because PhoenixDAO are launching real products and creating real and valuable long-term solutions.
I don't want to go inti great detail about everything Phoenix is doing, because I believe everyone should do their own research before investing in anything, but I'll briefly touch on some of the most important things.
1. PhoenixIdentity is an ERC-1484 Provider that provides on-/off-chain identity management.
I think everyone realizes how important decentralized identity management on the blockchain is going to be, (where you control your own online identity and decide who you want to share it with), and it seems that PhoenixDAO have a working solution for this.
2. Phoenix Authentication is a blockchain based 2-factor authentication protocol used to verify DeFi app logins and approve transactions using your digital identity.
This is basically a better version of the Google 2-Factor Authenticator and specifically designed for use in DeFi.
One of the main advantages of the $PHNX solution is that the secure code never leaves your device, like it does with Google Authenticator.
3. Phoenix Payments
This is basically a smart contract based payment solution that allows two people that don't know each other to safely transact without the need to trust a 3rd party for the escrow.
As far as I understand it, this is the ONLY thing World Token does, and they already have a much higher market cap, and yet it's just one of many great solutions that $PHNX are offering!
4. Phoenix DAO is the self sustaining governance over the entire dApp ecosystem ensuring 1 person 1 vote via Phoenix Identity and Authentication protocols.
Basically the Phoenix project is owned and controlled by the token holders, a project moving towards complete decentralization.
These are the kind of projects that go to the moon.
5. Phoenix Events is an event dApp allows anyone to sell unforgeable tickets to any online or offline event, like a concert for example.
Just this part on it's own is incredibly valuable since it's already a fully working solution.
Not only that, but they've also partnered with industry leading booking platform Travala with their events dApp. This gives them instant access to 2 million properties in 230 countries through the Travala booking platform.
https://phnxdao.medium.com/phoenixdao-working-with-industry-leaders-travala-com-b27b46de6e80
I think the PhoenixDAO is about to BLOW UP in price (all it will take is ONE of the Youtubers picking up on how undervalued it is), but in case you're not convinced yet they've also just started working with Polygon (formerly Matic) and they're going to use Polygon's scaling solution for their events dApp.
Oh, and if you need more they're about to launch an NFT marketplace as well!🤯🙂
It's kinda crazy how undervalued PhoenixDAO - $PHNX is with a $4.7 million market cap and 1250 holders when you consider all they're doing, and that they've been working for over a year already and several of their solutions are ready for market!
Anyway, as always, DYOR but there really seems to be little downside to investing in $PHNX in my view, because at $4.7 million market cap it has nowhere to go but up until it reaches at least $30-$40 million.
So with little to lose and at least 10x potential gains in the coming days/weeks, (no rug pull on this one, they have a known team that's been working super hard to build some amazing solutions for more than a year already and ambassadors in several countries already), that's a good investment in my book!
NEGATIVES
I've tried hard to try and find any downsides with PhoenixDAO, (which is something I always do before making an investment). and there are only two that I've found, none of which I consider "serious":
1. Their current website is slow to load.
I'm not quite sure why that it. Maybe it's because it has a lot of complexity with the staking dApp and DAO and all that, or maybe they just need better hosting, I really don't know but they should fix it.
2. They have a silly picture as their Twitter background at the moment
They're holding a competetion at the moment that was voted on and agreed in the DAO, and they've changed their normally very professional social media background image to what in my view looks very childish (a poorly made lambo).
I realize this is all done "just for fun" and not to be taken seriously, but I still think it's a mistake because it reduces the credibility in what is otherwise a very serious project I think. Anyway, as soon as the competition is over I expect that they'll revert back to their normal social media image background so no big deal.
LINKS
Website: https://phoenixdao.io/
Blog: https://phnxdao.medium.com/
Twitter: https://twitter.com/phnxdao
Telegram: https://t.me/PHNXDAO
Coinmarketcap: https://coinmarketcap.com/currencies/phoenixdao/
CoinGecko: https://www.coingecko.com/en/coins/phoenixdao
Etherscan Contract Address: https://etherscan.io/token/0x38A2fDc11f526Ddd5a607C1F251C065f40fBF2f7
Buy $PHNX On Uniswap: https://app.uniswap.org/#/swap?exactField=input&exactAmount=3&outputCurrency=0x38A2fDc11f526Ddd5a607C1F251C065f40fBF2f7
DISCLAIMER: I have recently bought some $PHNX for myself that I plan to hold it for the coming 3-12 weeks or until the price has gone around 5x to 7x at which time I'll likely sell enough to get my original investment back. Then I'll ride the rest to 15x or 30x from there on.
My main point of posting this here is to give back to this community, because although there are a lot of crap coins posted here I truly love this community! I believe that $PHNX is a true microcap gem and if you always feel like you're too late and missing out on the big gains, then this could be your ticket, and I hope it will be for many of you here.
As always, NEVER invest more than you can afford to lose in crypto, and always try to do your own research and verify the claims of the poster, even if it seems trustworthy.