As Bitcoin (BTC) and Ethereum (ETH) went through a tough week, experiencing a dip of over 6%, the cryptocurrency market saw major movements elsewhere. Pullix (PLX) – a new ICO currently in Stage 2 of its presale, has gained mass appeal with over 4.7M tokens sold and $199,000 raised. Numerous experts have even hinted at a potential 100x growth in 2024 following its launch – let’s see why.
Why Is Bitcoin Crashing?
In a recent YouTube video, crypto analyst Jason Pizzino warned that Bitcoin (BTC) will start to pull back as it has rallied long enough. This prediction may ring true as the Bitcoin price fell from $43,600 on December 8 to $42,799 on December 15.
However, the Bitcoin technical analysis paints a more bullish picture with 22 technical indicators in the green. Moreover, the Bitcoin price sits above its 100 and 200-day EMAs.
Experts in the field have taken note of all these factors when making their Bitcoin price predictions. They foresee its value reaching $42,858 before the end of 2023 for this DeFi coin.
Ethereum Price Prediction
Another crypto analyst, Ali Martinez, predicted that Ethereum (ETH) would experience selling pressure as whales began to take profits after it hit $2,300. This came true as the Ethereum price dipped from $2,370 on December 8 to $2,274 on December 15.
When we look at the Ethereum crypto’s technical analysis, we notice that sentiment around it is still bullish. It has seen 19/30 (63%) green days with 5.90% price volatility in the last month. Furthermore, its Fear & Greed index sits at 70 (Greed) which are good bullish signs for this altcoin.
Prominent market analysts point to this data as they forecast a potential surge to $2,440 for Ethereum before we enter 2024.
Pullix (PLX): One Of The Top Crypto Coins
Amidst this volatility, the spotlight has turned to Pullix (PLX) – a rising DeFi project drawing significant attention. Notably, whales plunged into the Pullix presale ahead of its anticipated launch in Q1. With millions of PLX native tokens already sold, it is clear that this crypto ICO has caused a frenzy in the crypto community.
Pullix will revolutionize the online trading space by combining the best aspects of CEX and DEX into one hybrid DeFi platform. On this exchange, global traders can expect high leverage at 1000:1, self-custodial portfolio management, and more. To differentiate itself, Pullix will allow the trade of all asset classes (including cryptocurrencies) on one account – significantly improving trader convenience.
While the exchange is the main pillar of this DeFi project, the Pullix team will also incorporate many other components in its ecosystem:
- VaultX: A multichain yield optimizer, VaultX will enable you to generate compound interest on your crypto assets.
- Yield Farming: Participating in yield farms will let you earn PLX tokens by staking LP Tokens.
- Swap: You can access the Pullix Swap to swap tokens at minimal costs.
The driving force behind this ecosystem is the PLX native token. To incentivize purchases, the Pullix team will redistribute a percentage of Pullix’s daily revenue to PLX stakers. Moreover, you can obtain up to 60% trading discounts by holding the PLX token. It is now worth just $0.042. But as the presale picks up traction, this price will increase. Since Pullix taps into the Forex market, which Baby Pips claims is the biggest, experts forecast a 580% rise before its presale ends.
If Pullix gains its desired adoption, the PLX token may surge by 100x after it hits exchanges in Q1 of 2024. This makes it one of the best crypto investments in 2023.
A Major Shift
The market’s attention shifting towards Pullix shows growing interest in new projects with unique features. This may challenge the dominance of traditional DeFi coins like Bitcoin and Ethereum. Plus, PLX’s low market cap of $8M will surge much faster as fewer new funds are needed. Because of this, whales are gravitating towards the Pullix presale.
For more information regarding Pullix’s presale see links below:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.