Anthony Sassano, a cryptocurrency analyst, recently published his 2024 price projection for Ethereum. He projected a 2024 high of $10,000. Meanwhile, both Ripple and Pullix are seeing an increase in whale activity, indicating considerable investment interest.
All eyes, however, are on the Pullix presale project, which analysts have dubbed the best coin to invest in because of the success of its presale. Pullix has raised over $3.6 million by selling over 68 million tokens in less than a month.
Ripple (XRP) Whale Activity Rises
Ripple (XRP) has delivered a huge price performance this week, as it moved from a low of $0.5521 to a 7-day high of $0.6184. Ripple's price increase has been ascribed in part to the parent firm of the sixth largest cryptocurrency, Ripple Labs, revealing significant buy-back plans.
The Ripple team announced plans to repurchase $285 million in parent company shares valued at $11 billion. This has increased whale activity. According to Santiment, the XRP ledger network logged 1,235 Whale transactions on January 11th, up from 427 on January 6th.
Notably, the January 11th figure is the second-highest for 2024, trailing only the 1,462 recorded on January 3rd. The Ripple coin could rise to more levels in the coming days if positive sentiment remains.
Crypto Analyst Forecasts Ethereum (ETH) To Reach $10,000
Anthony Sassano, a cryptocurrency expert, has offered a bullish narrative for the Ethereum ecosystem. Based on this, he expects Ethereum will reach a new all-time high (ATH) this year.
According to Sassano, ETH might reach $10,000 if the Ethereum Spot ETF excitement gets "ahead of itself." The SEC is expected to issue an approval order for these ETFs soon. That could explain why the crypto expert chose them as the catalyst for the significant surge in the price of Ethereum.
Meanwhile, even if the $10,000 price barrier is not reached, Sassano believes that Ethereum's price might reach $6,000 by the end of the year. According to him, institutions will be very interested in Ethereum because of the yield it provides.
Pullix (PLX): Your DeFi Access To Trade Different Assets Including Derivatives
Pullix (PLX) is a blockchain ICO that has gained popularity for allowing users to trade numerous assets like stocks, commodities and derivatives. Pullix also allows users to use cryptocurrencies as collateral to trade these assets.
This platform has simplified the trade process compared to other centralized or decentralized exchanges. The DeFi project also has its own native currency, the PLX token. The ERC20 token will facilitate transactions on the platform. Traders will also earn PLX when they win trading challenges on the DeFi project.
A key feature that sets PLX tokens apart from the competition is its revenue-sharing system. Pullix is the first exchange that enables token owners to receive a portion of the income generated by the exchange.
In addition, consumers can obtain passive income by supplying liquidity to automated market makers (AMMs). The blockchain ICO enables people to invest and gain rewards while having an assured passive income.
Pullix plans to roll out the platform in the coming weeks. Analysts predict that the presale for $PLX will grow by 580%, and at launch. Before the end of 2024, the ERC20 token could increase 10x from its current price of $0.08.
Final Thoughts
Analysts have identified Pullix as the best coin to invest in, while Ethereum and Ripple are among the top coins to yield gains. They have forecasted that Pullix's access to a financial market and the interest of institutional investors in cryptocurrency position it for a parabolic rise.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
