The post EGRAG Crypto Reveals Bullish Prediction on Ripple (XRP), Can Pullix (PLX) Keep Up? appeared first on Coinpedia Fintech News
Ripple (XRP) has recently displayed a massive price action in the bullish direction, after recording 53% in gains during the past year. The price recently broke out of its resistance level at $0.50 and is on its way toward reaching new heights.
As many speculate just how far the crypto can spike, Pullix (PLX), the first community-backed exchange, is making a lot of waves with the performance of its presale. Today, we will uncover the future price outlook surrounding these cryptocurrencies to see how far they can spike.
Ripple (XRP) Is Projected To Experience an Upswing to $0.9482
Ripple (XRP) could soon see a major pump in its value based on the on-chart data. Crypto analyst EGRAG CRYPTO noted that this future uptrend opportunity is in the cards for the crypto. The analyst presented a chart showing that Ripple can finish the year above the $0.17 level, representing a 15% price increase from its current valuation.
The analyst did warn that the asset’s price could plunge below the resistance level at $0.55, known as the Berlin Wall, prior to ascending to the peak. Yet, the pump could go much further during 2024.
During the previous seven days, the Ripple crypto pumped in value from $0.582076 to a maximum point of $0.634147. Now, the XRP trading volume is at $741,048,580 while its value is at $33,703,990,932. According to the Ripple price prediction, analysts project a climb to $0.9482 by the start of Q1, 2024.
Pullix (PLX) To Feature Multi-Currency Staking and Passive Income
While Ripple is bullish on the charts, one other project is picking up significant whale attention, and that’s Pullix (PLX). This is an upcoming trading exchange where users can profit by holding the PLX crypto from the daily revenues that are generated on top of the platform.
- Anyone is also able to earn passive income on the cryptocurrencies they have by engaging in the process of multi-currency staking, and can use BTC, ETH, DOGE and more.
- This Hybrid DeFi platform will negate any of the requirements for KYC procedures, and users will be able to have and maintain full control over their own private keys.
- Cryptocurrency can also be used as collateral when trading.
- There will be a lot of community-driven trading incentives, where users can follow the most successful traders and copy them in order to maximize their returns.
The purchased PLX will feature a dual-allocation system, where 50% of the tokens will also be subject to burning, which will introduce a deflationary mechanism for the token.
The remaining 50% will contribute towards reward distributions to holders that stake the crypto. The Pullix platform plans to launch in January of 2024, and for the time being, the native PLX crypto is offered at just $0.04. At launch, analysts project a 2,000% climb in value.
Site: https://pullix.io/
Twitter: https://x.com/pullixmarkets
#PressRelease [Source: Coinpedia]