Polkadex PDEX/USD is a fully decentralized peer-to-peer order book-based cryptocurrency exchange for the decentralized finance (DeFi) ecosystem.
It is known for providing a high level of security, lightning-fast speed, advanced features such as high-frequency trading and trading bots, zero gas fees, and decentralized KYC.
The Polkadex mainnet launch as a catalyst for growth
On September 19, we saw an official announcement from the Polkadex Twitter page that there is finally a date for the public launch of the Polkadex blockchain.
September 29 Is the planned date for the Polkadex Mainnet launch.
This launch marks one of the most important milestones for the Polkadex project team and community due to the fact that all of the Polkadex products will be released onto the new network.
In fact, starting from September 29, anyone will have the opportunity to earn PDEX and secure the network just by running a validator node or by staking PDEX and nominating validators.
This, in turn, will increase the usage of the PDEX token, and as such, raise its demand as well as its value in the process.
Let’s make a price analysis and see if PDEX is worth investing in before the mainnet launch.
Should you invest in Polkadex (PDEX)?
On September 22, Polkadex (PDEX) had a value of $18.95.
To get a better perspective of what kind of value point this is and evaluate its potential future growth after the launch of the mainnet on September 29, we will go over it’s all-time high value and its performance in August and September.
The all-time high of PDEX occurred on May 16 where the token got up to a value of $39.38. This made the token $20.43 higher when compared to the value it had on September 22, or a 107% difference.
Discussing August, the lowest point was on August 3, where the token had a value of $7.12.
However, when it comes to its highest point, it was on August 29 where the token had a value of $27.18.
We can see that throughout the span of the month, the token raised its value by $20 or by 281%.
Looking at September, PDEX’s highest point was on September 1, where the value was $24.89, while its lowest point was on September 10, where it dropped to a value of $16.31.
This gives us an indication that the token fell in value by $8.58 or by 52%.
When compared to September 10, on September 22, the token is $2.64 higher in value or saw an increase by 16%.
This being said, with the launch of the mainnet on September 29, we can expect the token to increase its value up to $23.68, making it a worthwhile investment based on all of this data.
The post Is it worth investing in Polkadex before the Mainnet Launch on September 29? appeared first on Invezz.
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