Cardano's upcoming 50M ADA giveaway has triggered a notable price rally as the Cardano coin recovers the $0.5 price level. Meanwhile, the Shiba Inu community has received a new message from one of its admin on how to increase its token burn.
In another development, Pullix has been tagged as the best ICO in the crypto space. Its fundraising is closing in on the $5M mark, and its users have skyrocketed to about 15k.
Cardano (ADA) 50M Giveaway
The Cardano (ADA) community is preparing for an exciting 50 million ADA giveaway set for next week. Members are now awaiting the outcome of the Fund11 voting for Project Catalyst, which ends on February 8th.
Remarkably, the voting process for Fund11 in Project Catalyst has involved more than 5,000 wallets. Over 920 proposals were submitted.
The range of proposals submitted covers various ideas, solutions, and products. This project has brought renewed vigor to the Cardano coin, which has increased 6.3% in the past week.
The alt coin went from $0.476 to a high of $0.5343. Analysts expect a potential climb to the $0.6 region in the coming weeks.
Shiba Inu (SHIB): Admin Calls For Support To Improve SHIB Token Burn
DaVinci, a key figure in the Shiba Inu (SHIB) community, has called for collective participation in the token-burning campaign, particularly emphasizing the adoption of Shibarium.
His main appeal was to those community members who are hesitant to use their funds or adopt Shibarium yet expect others to burn their tokens. DaVinci highlighted the importance of engaging with the Shibarium network, noting that the fees generated could be used for token-burning activities.
According to CoinMarketCap data, Shiba Inu's total supply is about 589,290,063,896,090 SHIB. This is a large supply, which makes the Shiba Inu token burn important. Besides, the burn could help increase the alt coin's value in the coming months.
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Pullix (PLX) Closes in on $5 Million Funding Ahead of Launch
Pullix (PLX) has once again captured headlines by raising over $4.9 million during its presale phase, becoming a hot topic within the cryptocurrency community over the last month. The significant $4.9 million raised underscores the strong interest and belief in the project's potential from users.
Early adopters of the project have already witnessed a 150% return on investment as the token value surged from $0.04 to $0.1. For those who are yet to join the Pullix train, there is still a chance to join and benefit from a 10% discount on all purchases.
Pullix uniquely combines the best aspects of Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) to create a hybrid trading platform. This platform grants traders access to various assets, including gold, forex, and cryptocurrencies.
Furthermore, the Pullix team is set to introduce more features within its ecosystem, such as copy trading and trade-to-earn. It's important to note that the PLX token plays a pivotal role in the Pullix platform. Holding the PLX token gives holders reduced trading fees, special access, and staking rewards.
Analysts are bullish about this project, predicting a potential 100x increase in the value of PLX by the first quarter of 2024. This optimism stems from Pullix's association with the Over-The-Counter (OTC) derivatives and Forex markets. These markets are known for their high transaction volume, helping Pullix maintain high liquidity.
Shiba Inu's message on token burning shows the importance of a low token supply as it drives scarcity. Consequently, this scarcity leads to an increase in price.
Luckily, Pullix would also employ a burn mechanism for its 200,000,000 PLX tokens, less than Shiba Inu's. This makes the Pullix presale the best ICO in the market.
For more information regarding Pullix’s presale see links below: