Crypto analyst LuckSide Crypto Forecasts, Shiba Inu (SHIB) Price Surge While Dogecoin (DOGE) Stalls, But Pullix (PLX) Continues Impressive Run
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January 10, 2024 08:34 PM Central Standard Time
Moving into 2024, memecoins seem to be in a tight corner. At the moment, the crypto analyst LuckSide Crypto sees Shiba Inu recovering its losses. On the other hand, Dogecoin is still falling. Alongside these presale giant Pullix, has now reached the milestone of 3,000 active token holders in less than a month! With a 100% surge on it’s initial price of $0.04, Pullix continues to captivate and attract investors looking to capitalize.
Shiba Inu (SHIB) To Soar on Spot Bitcoin ETF News
Due to spot Bitcoin ETF news, LuckSide Crypto anticipates a huge price rise for Shiba Inu (SHIB) within days. Analysts predict that the Shiba Inu coin price can be triggered soon. LuckSide Crypto noted that new spot Bitcoin ETFs may cause the surge the community is waiting for to break the resistance line.
According to LuckSide Crypto, speculation drove the markets, fueling gains for the Shiba Inu coin and Bitcoin. On Wednesday, Matrixport news caused Shiba Inu and Bitcoin prices to drop down.
LuckSide Crypto noted that after Dan Gambardello's good report, prices surged. The analyst said the memecoin is displaying "little strength" as it starts to work its way back to the upside. The Shiba Inu coin is fluctuating between 0.00000933 and $0.00001091 on the weekly chart.
Dogecoin (DOGE) Still Bearish
Dogecoin (DOGE), the Elon Musk-supported cryptocurrency, is currently battling with selling pressure. Despite reaching a high of $0.10, the latest crypto market slump and lack of support have driven the price of DOGE back down to $0.081.
There are indications of a potential price decline from price pattern analysis and technical indicators. As a result, the general perception of Dogecoin is getting worse every day. The 200-day Exponential Moving Average (EMA) of around $0.070 and the support level of $0.082 are the main areas where Dogecoin might still be valuable.
These levels determine the likelihood of a DOGE rally. The price may go back to $0.10 if it begins to rise from any of these points in between. At the moment, Dogecoin is fluctuating between $0.080584 and $0.094371, losing 9.6% and 17.9% of its value on the weekly and monthly charts, respectively.
Pullix (PLX) Presale Continues To Gain Momentum
Pullix (PLX) is creating the first hybrid exchange in the DeFi market. What really sets Pullix apart in the world of trading is the wide variety of assets you can trade. Unlike platforms like Binance, which focuses mostly on cryptocurrencies, Pullix offers a lot more. You can trade in forex, commodities, and more.
This diversity means there is a lot of trading activity. For example, in the Over-The-Counter (OTC) Derivatives market, around $40 trillion is traded every day. And the forex market alone has a daily trading volume of $6.6 trillion.
But that is not all. Pullix also focuses on giving users a good experience. One way they do this is by allowing anonymous trading. Users do not have to complete Customer (KYC) processes on Pullix. This not only keeps users anonymous but also makes trading much simpler and more accessible. Pullix is a top choice in the DeFi market for those looking to trade without having to provide personal details or formal identification.
Final Thoughts
While Shiba Inu and Dogecoin are down on the price chart, Pullix is continuing to muster support from investors throughout its presale. Having raised over $3million in the space of a month Pullix now sets its sights upon licensing and a platform launch. Having already risen by 100% in value since its initial presale offering of $0.04, Pullix is set to 30x upon launch according to market analysts and experts.
For more information regarding Pullix’s presale see links below:
Pullix is a new DeFi protocol that is launching a hybrid exchange that will seamlessly blend the strengths of centralized and decentralized exchanges into one unified platform. Serving as the pioneer of “Trade-to-Earn” our native token $PLX empowers the community to earn a portion of the daily revenues generated by the exchange.
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