Although the year is just starting, crypto traders and investors are already searching for the best crypto to buy. Unfortunately, there are so many projects to pick from. This article has highlighted three top coins and why they are a good pick. They are Shiba Inu, Ethereum, and Pullix.
Can Shiba Inu (SHIB) Token Burn Increase Price in January?
The Shiba Inu (SHIB) community is still burning Shiba Inu coins in 2024. On January 5th, they burned 5,203,527 SHIB, which increased the burn rate by 2,274.64%.
On January 1st, 2024, there was another big increase in the burn rate. It increased by 2,555%, with a massive 129,716,497 SHIB being burned. Regretfully, despite the rise in token burn, the price of Shiba Inu remains stagnant.
However, the SHIB community thinks the team's automated token burn mechanism will accelerate the burn pace. If this happens, there may be fewer Shiba Inu coins, which would lead to scarcity. There are two potential price points: $0.00001893 and $0.00002091.
Ethereum (ETH) Price Prediction
Ethereum (ETH) is showing bullish signs as it tries to bounce back from its recent fall. Both on-chain data and technical indicators are backing up this positive view for the ERC20 coin. The Awesome Oscillator (AO) and Relative Strength Index (RSI) are rising.
Additionally, Santiment data shows that whale accumulation has increased as they buy the dip. Ethereum's price is now trading at $2,200 in the meanwhile. This occurs subsequent to the altcoin's price decline from the $2400 range.
Analysts and investors are still optimistic about the coin. Additionally, the Global In/Out of the Money (GIOM) indicator from IntoTheBlock indicates that Ethereum faces little to no resistance going forward. The resistance level of $2,347 is not very strong. Therefore, if it crosses it, the price of Ethereummight rise to $2,400, $2,562, $2,652, and $2,859 if the momentum picks up.
Pullix (PLX) To Give 100x Gains After Its January Launch
Just like Shiba Inu and Ethereum, Pullix (PLX) is also gearing up for a price surge this month. Recently, the token soared to $0.08. Currently, bulls are aiming for more gains. Let us dive into some features that make Pullix a worthy coin for gains this January.
Pullix combines the best parts of decentralized (DEX) and centralized exchanges (CEX), giving users a full trading experience. Pullix is notable for its wide variety of assets you can trade. This includes digital currencies, stocks, forex, ETFs and commodities. This makes it simple for people to get into different financial markets all in one platform.
PLX is an essential component of Pullix. It's an ERC20 coin that's crucial to everything in the Pullix ecosystem. Pullix offers a "Trade-to-Earn" system that is made possible with PLX. The more you trade on the platform, the bigger your gains from the platform's profit share.
Pullix also provides a solution for copy trading that employs artificial intelligence. Pullix is incorporating artificial intelligence to assist traders in replicating the moves of seasoned specialists. This is a bonus because they've had a lot of successful transactions, which can help you make better deals and earn more money.
Pullix's PLX is now available on presale, and the exchange becomes available in January. PLX is currently valued at $0.08. However, the exchange gives it the potential to become one of the best crypto to buy in 2024 with analysts tipping the presale gem to 100x upon launch.
Conclusion
Because of its connection to the global market, Pullix is one of the best altcoins you can invest in this January. Another good option is Ethereum. However, With Pullix looking to launch this month, experts think the token will grow 100x after they release the exchange.
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.
