What is Minswap?
Minswap, a decentralized exchange (DEX) built on the Cardano (ADA) blockchain and is currently undervalued at $0.02854 per token. While there are several reasons why Minswap is undervalued, two key factors stand out: its strong development team and the growing popularity of decentralized finance (DeFi) applications.
The team’s technical expertise is reflected in Minswap’s innovative features, including fast transaction speeds, low fees, and a user-friendly interface. In addition, Minswap is constantly adding new features and improving its platform, such as its recent integration with PancakeSwap.
Secondly, the DeFi space has exploded in popularity over the past year, with total value locked (TVL) in DeFi protocols increasing from $1 billion in early 2020 to over $100 billion as of early 2022. Minswap is well-positioned to benefit from this trend, as it offers users a more efficient and cost-effective way to trade cryptocurrencies compared to traditional centralized exchanges. Moreover, as more users become interested in DeFi, the demand for DEXs like Minswap is likely to increase.
Low Market Cap
Despite these positive factors, Minswap’s current market capitalization is only around $713,000 and a fully diluted market cap of $142,000,000, which seems undervalued given its potential. To put this in perspective, other DEXs like Uniswap and PancakeSwap have market caps in the billions of dollars. Of course, Minswap is still a relatively new project, having launched in late 2021, and it will take time to build a user base and gain market share. However, given its strong team and competitive advantages, Minswap has the potential to become a major player in the DeFi space.
Minswap has been receiving a lot of social media support in the last 6 months and since entrepreneur and influencers have began vocalizing their support.
Notably, entrepreneur Kevin L. Waker vocalized huge support for the defi platform. Walker has been a major cryptocurrency advocate since as early as 2017 via his company Piiggy Bank Blockchain Labs.
If things go as I predict, I see #Minswap #MIN at $00.90 by 01/21/2024 and #Cardano #ADA at $4.50
Currently: $MIN= $00.02854 and $ADA= $00.3419 #kevinomics #smartmoves #staking #yieldfarming #passiveincome #constantlycarving #generationalwealth https://t.co/1SSRRlV7NI pic.twitter.com/pcH4jAuzbI
— Kevin L. Walker ™ (@KevinLWalker) March 4, 2023
Bitcoin at $9,836
XRP at $.44
Cardano at $.09
— Kevin L. Walker ™ (@KevinLWalker) June 21, 2019
Not Listed on Exchanges YET
It is important to note that the digital asset still isn’t even listed on any centralized exchanges. The coin still has to undergo the “coinbase effect.”
It’s unknown whether or not Coinbase has received a submission to list Minswap via their “asset hub.”
In conclusion, Minswap is an undervalued gem in the DeFi space, with a strong team and innovative features that set it apart from other DEXs. As more users flock to DeFi applications, Minswap is well-positioned to capture a share of this growing market. At its current price of $0.02 per token, Minswap represents a compelling investment opportunity for those who believe in the future of DeFi.