Two of the most prominent memecoins, Shiba Inu (SHIB) and Dogecoin (DOGE), continue to battle for the spotlight. Meanwhile, a new ICO in Stage 4 of its presale continues soaring - Pullix (PLX). Some experts even hint that it could become the next 100x token in 2024; let’s find out why.
Shiba Inu News
A crypto exchange in Dubai - Coinswapz, has made a bold statement by displaying the Shiba Inu (SHIB) meme coin logo. It placed this logo at its office entrance within the Moon Tower complex in Marina Dubai. This gesture shows the significant popularity of the Shiba Inu coin among crypto investors in Dubai.
After this news, the Shiba Inu coin value increased from $0.00001028 on December 26 to $0.00001103 on December 28. Moreover, 22 technical indicators are showing bullish signs for this memecoin.
Due to all these reasons, market analysts predict that Shiba Inu may trade at $0.00001195 in January 2024. This makes SHIB one of the meme coins to watch.
Dogecoin Price Prediction
According to analysts behind the Crypto Daily Trade Signals, Dogecoin (DOGE) may do something big in January 2024. This has caused excitement among the crypto community as the Dogecoin price continues to rise. Over the last month, Dogecoin has pumped from $0.077 on November 28 to $0.093 on December 28.
From a technical perspective, this bullish trend may continue as DOGE’s Fear & Greed index rating sits at 73 (Greed). Additionally, Dogecoin has recorded 18/30 (60%) green trading days over the last month alone.
As a result, experts in the field predict that Dogecoin’s value could rise to $0.095531 before the end of December 2023.
Pullix (PLX): The Best Cryptocurrency To Invest In
Amidst the ongoing competition between Shiba Inu and Dogecoin, Pullix (PLX) has emerged as a promising new altcoin. It has already provided early buyers a 15% ROI while selling 10.9M tokens, which helped Pullix raise $1.7M. Global investors are confident in Pullix’s growth potential as it brings something new - a hybrid trading exchange.
On this trading exchange, you will experience deep liquidity, high leverage at 1000:1, and access to all asset classes (including cryptocurrency) on one account. Essentially, Pullix combines the best aspects of CEX and DEX. This innovative approach means you no longer need to worry about high trading fees, as Pullix charges 0% commissions on trades while implementing raw spread trading.
Pullix hinges significantly on its native token, PLX, which is the main currency within its ecosystem. Introducing an inventive “Trade-to-Earn” concept, Pullix ensures PLX stakers receive a share of daily transaction proceeds. This has raised interest in this crypto ICO as traders can obtain the PLX token at a discount.
Currently, the PLX token is worth only $0.046 as it is in Stage 4 of its presale. But, since it taps into the flourishing Forex market, which Baby Pips claims is the most significant industry, its long-term growth potential is outstanding. Experts foresee its value rising by 580% before the presale ends and another 100x growth after it hits exchanges in Q1 of 2024. This makes PLX one of the best cryptos to buy right now.
While Shiba Inu and Dogecoin may see future growth, their high market caps of $6.3B and $13.3B could hinder them. In other words, they would need a large influx of new funds for significant price gains. On the other hand, Pullix does not have this issue, as its market cap sits at $9.2M.
PLX also has utility, while SHIB and DOGE are purely hype-driven. This provides PLX with more stability and appeal than its competition is certainly one of the top altcoins you need to monitor.
For more information regarding Pullix’s presale see links below: