Investors Lose Confidence in Memecoins Like SHIB and DOGE in Favor of Pullix – The Ultimate Utility Token

The post Investors Lose Confidence in Memecoins Like SHIB and DOGE in Favor of Pullix – The Ultimate Utility Token appeared first on Coinpedia Fintech News

Recent developments suggest a growing loss of confidence in meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). The spotlight is now firmly on Pullix (PLX) – the ultimate utility token in Stage 6 of its presale. Some analysts hint that this altcoin may pump by 1,000% in 2024. Keep on reading to discover why.

Shiba Inu Price Drop

Recently, Shiba Inu (SHIB) has experienced a downtrend. According to CoinMarketCap data, the Shiba Inu price has fluctuated between $0.00001044 and $0.000009659 in the past month alone. Its market cap also fell from $6.15B to $5.69B during that time.

The technical analysis for this memecoin also shows mixed signals with 14 technical indicators in the green. However, Shiba Inu is still trading above its 50 and 100-day EMAs with a Fear & Greed index rating of 64 (Greed). Because of this, experts forecast a value of $0.00001048 within Q1 of 2024 in their Shiba Inu price predictions.

Dogecoin Price Prediction

On the other hand, crypto analyst Ali Martinez has made a bullish Dogecoin (DOGE) price prediction. He said the TD Sequential signal for Dogecoin is now signalling a ‘buy’ on the 3-day chart. Furthermore, Martinez said that if DOGE can hold its support cluster at $0.074, the chances of another run-up to or above $0.100 will remain high.

In terms of the Dogecoin value movement, it has fluctuated from $0.095 to $0.081 in the last month. Its market cap has also fallen from $13.40B to $11.5B in that same period. Even bullish market analysts forecast a surge to $0.1345 for Dogecoin within Q2 of 2024. However, a $1 valuation is still years away for this memecoin.

Pullix (PLX): One of the Altcoins To Watch

Pullix (PLX) has been firing on all cylinders, and its community thrives. Recently, this DeFi project announced that it has already achieved over 3,500 community members. And it doesn’t look like it will stop soon, as over 10M tokens have been sold thus far in stage 6.

The hype is so real that 11,000 users have signed up for this crypto ICO event. You can buy the PLX token for a discount during this presale event. The PLX token is the backbone of Pullix – an innovative hybrid trading platform.

This exchange will integrate features from both CEX and DEX. Through this, they offer traders deep liquidity, the ability to manage their portfolios, and access to all asset classes (including cryptos).

The PLX native token is the first “Trade-to-Earn” token. In other words, you must stake your PLX to make a percentage of Pullix’s daily revenue. This can become a great passive income stream for investors.

The current price of this altcoin is just $0.08 – a 100% pump since its starting price. Since Pullix can dominate multiple markets like the Forex one (which sees a daily volume of $6.6T), its long-term growth potential is excellent. Analysts are predicting that it’ll pump by 100x by Q1 2024 (when it debuts on exchanges).

What Makes Pullix a Better Option Than Shiba Inu and Dogecoin?

Pullix is the clear winner when compared to Shiba Inu and Dogecoin. Firstly, it has a use on the Pullix platform and isn’t just a memecoin (hype-driven). Secondly, the market cap of Pullix sits at $16M. This is significantly lower than its peers. With so much value, it’s almost impossible for this new altcoin to fail.

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