Disclaimer: This is a sponsored content and press release. KoinFinans.com cannot guarantee the accuracy of the content on this page provided by the relevant company and cannot be held responsible for any damages that may arise from the products and services on this page. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Readers should conduct their own detailed research before making any transactions.
Much of the crypto market has had a rough start to 2024, including leading cryptocurrencies like Ethereum (ETH). However, despite the market decline, the Ethereum price remains stable at $2,200, increasing demand from whales who see the current price as a good entry point.
According to the sponsored content submitter, Pullix (PLX) continues to gain recognition as the token presale moves into phase 7. Importantly, the upcoming crypto project is claimed to have a growth potential if it can get a chance to list on major exchanges. The project is new and its future is uncertain, and the investment carries the risk of loss.
Whales Are Returning to Ethereum (ETH)
Ethereum (ETH), a decentralized blockchain, has fallen nearly 20% since hitting $2,700 on January 12 this year. While the current price range is between $2,270 and $2,380, some whales decided to buy the dip. gaveone in particular pulled 3,600 ETH from Binance, making a transaction worth $8.9 million.
Lookonchain noted that this particular investor has made significant profits of approximately $25.8 million in the past by buying ETH at lower prices and selling it at higher values. While ETH whales are buying more Ethereum when prices are cheap, some investors are also liquidating their assets.
These whale movements are noteworthy, especially in light of increasing pessimism in cryptocurrency markets. For example, Ethereum’s weekly price chart range is between $2,270 and $2,380, showing a decline of just over 5%.
So far the Ethereum community is showing resilience despite the downtrend, and a positive outlook for ETH appears to be reflected in increased whale activity. These whale activities are critical in ETH’s struggle to maintain stability above the $2,200 support level this week.
Pullix (PLX) Crosses $4 Million in Token Pre-Sale
According to the sponsored content sender, Pullix (PLX), whose future is uncertain, allegedly attracted attention due to its performance during the cryptocurrency initial public offering (ICO). In its pre-sale, which is currently advancing to phase 7, Pullix is said to have raised more than $4.6 million. Thanks to thousands of investors who have signed up to be a part of the project, Pullix’s performance in the ongoing token pre-sale suggests that the project may have long-term growth potential, but there is a risk that it may fail. Avoid taking action on projects whose project and team you do not trust.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Pullix, whose future is uncertain according to the content submitter, has gained immense popularity due to its potential to transform online commerce. It is said to be looking to create the first hybrid trading platform and will combine features of DEXs and CEXs. By following this innovative strategy, all the problems that previously affected the market will be eliminated. There is a risk, it may fail.
Allegedly, Pullix will offer zero percent trading commissions and there will be no need for expensive trading expenses. Unlike other exchanges, Pullix is said to offer users the ability to trade various asset classes, including cryptocurrencies, at almost zero cost.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Likewise, the native token – PLX – is claimed to have attracted the interest of early investors as it will provide approximately uncertainty in their investments based on current pricing. As a result, it is claimed that more than 407,259 PLX tokens have already been sold in phase 7 at $0.10.
According to his team, when it launches in 2024, they expect even higher expansion given its potential as a trackable cryptocurrency.
Click to review Pulix token.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!