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Excitement around Shiba Inu (SHIB) may be waning, but the crypto industry never remains static. If you’re after the next wave of utility tokens with high growth prospects, Avalanche (AVAX) and Pullix (PLX), whose new project future is uncertain, are altcoins to watch with research. You may be familiar with Avalanche, but it is a new ICO that has sold 3.2 million tokens in Phase 2 of its pre-sale, according to the Pullix team. According to his team, some analysts even predict that this could be the next crypto that rises, although it is not certain, it has a chance to fail if it succeeds.
Shiba Inu Price Prediction
Recently Shiba Inu (SHIB) has moved up on price charts. Shiba Inu price jumped from $0.000009408 on December 13 to $0.00001005 on December 14. This increase occurred after Binance announced that it would open trading for the SHIB/FDUSD pair. Not only that, it will also enable the trading of bot services for this.
From a technical perspective, this bullish trend may continue for this altcoin as 22 technical indicators are flashing green. Moreover, Shiba Inu coin experienced 20 positive trading days last month.
For all these reasons, experts predict a potential increase for the Shiba Inu to rise to $0.00001071 before the end of 2023. While this is a good increase, a $1 valuation may not come for this altcoin anytime soon.
Why Is Avalanche Rising?
on December 12 Avalanche (AVAX)announced that Mirai Labs, which created Pegaxy & Petopia, has moved its operations to Mirai Chain. This is a new Avalanche subnet. Avalanche price then increased from $36.61 on December 12 to $38.55 on December 14.
Avalanche technical analysis also paints a bullish picture. The altcoin has experienced 22/30 (73%) positive trading days in the last 30 days while also trading above the 50 and 100-day EMAs.
Therefore, many market analysts have made bullish predictions that the value of the Avalanche cryptocurrency will rise to $42 before the end of 2023.
Pullix (PLX): DeFi Cryptocurrency
Check out Pullix (PLX), a hybrid exchange platform that the team thinks could gain traction in the crypto space. Unlike traditional platforms, Pullix is reportedly not limited to crypto trading only. The goal of the project claims to allow users to trade across all asset classes from a single account, including cryptos, forex, gold and more. In addition, if Pullix is successful and can open its stock market, do not make any transactions without doing detailed research, it states that it will not charge any commission on transactions and claims that investors will not pay high fees.
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The crypto community is closely following this crypto ICO as over $334,400 has been raised so far. During this period, you can purchase the PLX native token for only $0.042. This token claims to provide discounts on transaction fees (up to 60%), passive income through staking, and exclusive access to certain asset classes.
It will also power the Pullix ecosystem, which includes:
- Copy Trading: Seamlessly duplicate trades of experienced traders and leverage their expertise to increase your investments.
- Trade to Win: Turn the traditional rewards system into an instant process by receiving instant credited coins for every trade.
- Exchanges: Trade tokens with minimal fees through the Pullix DeFi exchange.
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ISDA said the OTC derivatives market was worth $618 trillion by the end of 2022. Pullix is strategically positioning itself to capitalize on this emerging market. According to the project team, experts predict that if it gains the acceptance it deserves, the value of the PLX token will increase by 580% (the team thinks there is an uncertain risk) before the pre-sale ends, and if the successful team remains loyal and can be listed on exchanges, then there is a possibility of a significant increase.
Potential Upside
While Avalanche and Shiba Inu are already established players in the crypto game, Pullix is still in its infancy, so do not take any action without gaining detailed knowledge. Additionally, with its low market capitalization of $8 million, Pullix is stated to gain a competitive advantage as it requires less new funding to grow. Cryptocurrency investments are risky investments, do not make any transactions without doing your research.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!