The hype around Shiba Inu (SHIB) might be cooling off, but the crypto sector never stays static. If you're on the hunt for the next wave of utility tokens with high growth potential, Avalanche (AVAX) and Pullix (PLX) are the altcoins to watch. While you may be familiar with Avalanche, Pullix is a new ICO that sold 3.2M tokens in Stage 2 of its presale. Some analysts have even predicted it could become the next 100x crypto. Keep reading as we dive into why.
Shiba Inu Price Prediction
Recently, Shiba Inu (SHIB) has risen on the price charts. The Shiba Inu price jumped from $0.000009408 on December 13 to $0.00001005 on December 14. This increase occurred after Binance announced it would open trading for the SHIB/FDUSD pair. Not only that, it wouldenable trading bot services for it.
From a technical perspective, this bullish trend may continue for this altcoin as 22 technical indicators are flashing green. Moreover, the Shiba Inu coin experienced 20 positive trading days in the last month.
Due to all these reasons, experts forecast a potential surge to $0.00001071 for Shiba Inu before 2023 ends. While this is a good increase, a $1 valuation may not come anytime soon for this altcoin.
Why Is Avalanche Crypto Rising?
On December 12, Avalanche Crypto (AVAX) announced that Mirai Labs, who created Pegaxy & Petopia, is migrating its operations to the Mirai Chain. This is a new Avalanche Crypto subnet. Afterward, the Avalanche Crypto price increased from $36.61 on December 12 to $38.55 on December 14.
The technical analysis for Avalanche Crypto also paints a bullish picture. The altcoin has experienced 22/30 (73%) positive trading days over the past 30 days while also trading above its 50- and 100-day EMAs.
Because of this, many market analysts have made a bullish Avalanche crypto prediction, with its value rising to $42 before the end of 2023.
Pullix (PLX): The Best DeFi Crypto
Enter Pullix (PLX), the hybrid exchange platform making waves in the crypto sphere. Unlike conventional platforms, Pullix is not confined to just crypto trading. It's breaking barriers by enabling users to trade all asset classes within a single account, including cryptos, forex, gold, and more. Also, traders will not have to worry about high fees since Pullix won't charge any commissions on trades.
The crypto community is flocking to this crypto ICO as over $134,400 has been raised so far. During this time, you can purchase the PLX native token for only $0.042. This token is vital as it offers discounts on trading fees (up to 60%), passive income via staking, and exclusive access to specific asset classes.
It will also power the Pullix ecosystem, which includes:
● Copy Trading: Seamlessly replicate trades by seasoned traders and capitalize on their expertise to boost your investments. ● Trade-To-Earn: Instantly receive credited tokens for every trade, transforming the traditional rewards system into an immediate process. ● Swaps: Engage in token trading with minimal fees through the Pullix DeFi swap.
ISDA said the OTC derivatives market was valued at $618T at the end of 2022. Pullix is strategically positioning itself to tap into this flourishing market. If it gains the adoption it deserves, experts foresee the PLX token value will increase by 580% before its presale ends and another 100x growth after it hits exchanges. Thus making it one of the best DeFi coins out there now.
The Potential Upside
While Avalanche and Shiba Inu are already established players in the crypto game, Pullix is in its early stages. As we all know, investing in promising projects during their beginning stages is the right recipe for significant gains. Plus, with its low market cap of $8M, Pullix gains a competitive advantage as fewer new funds are needed for it to surge.
For more information regarding Pullix’s presale see links below:
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.
