Statistics show that Pullix (PLX) is establishing its reputation as one of the best cryptos to invest in now, having enjoyed massive presale adoption by investors, resulting in significant milestones. Meanwhile, Arbitrum (ARB) is struggling to maintain a bullish sentiment against the biting market forces. Similarly, Hedera’s (HBAR) sharp decline poses a source of worry for investors of the token. Let’s examine the market activity of these tokens below.
Arbitrum (ARB) Heading for a Resurgence As Token Eyes $2 Benchmark Again
An extended bearish run saw the (ARB) price fall below the expected support level. Last month, Arbitrum reached the $2 milestone following an extended bullish run as per market stats. Some experts predicted that the token may see a further rise. However, the Arbitrum price experienced a setback, which resulted in about a 21% loss in value since the token reached its year-to-date peak of $2.3 on January 11.
However, the token is heading for a resurgence, having gained a slight 4% in the last 30 days. Experts are optimistic that Arbitrum will establish its support level above $2 in the coming weeks. The Arbitrum trading volume has witnessed an average day-to-day increase of over 20% in the past week, which is a signal that a rally is underway.
Extended Price Decline for Hedera (HBAR) as Investors Seek Alternatives
Hedera (HBAR) has continued to experience a significant decline in price value since almost reaching the $0.1 mark on the 2nd of January, as per data from CoinMarketCap. Since the price peak, Hedera has lost about 25% in a show of bearish sentiments.
However, Hedera is showing signs of a resurgence with the surging market activity. The Hedera trading volume shows an over 100% average day-to-day increase in the past week which experts suggest could trigger a potential bullish sentiment in the coming days.
Pullix (PLX) Shows Rallying Momentum Ahead of Token Listing and Launch
With less than 70 days to the launch of the Pullix (PLX) project, a rallying momentum has been recorded for the token as investors look to buy the token’s presale before launch. With over 15,000 investors already holding the PLX token, the number could reach 30,000 before launch at the current trajectory. Meanwhile, the PLX token itself has been deemed to replicate the growth trajectory of top crypto tokens such as Bitcoin, Ethereum, and so on.
The PLX token, an ERC20 token, has strong utility in the Pullix ecosystem. The Pullix project is gearing toward creating a hybrid exchange platform on the blockchain where members can trade multiple popular coins for profits. As a trade-to-earn exchange, Pullix will reward individuals with a share of the revenue generated from the platform using its profit-sharing model.
Notably, the Pullix platform has only 2 presale stages remaining with the token already listed on CoinGecko. With the projected 30x price gain by launch, PLX represents one of the best cryptos to invest in now for future gains. While currently sold for only $0.10, PLX is relatively cheap with extremely high growth potential. The platform is also giving an additional 10% bonus to those who purchase the token now.
Apart from the rising reputation of PLX, the token’s burn feature is designed to make PLX scarce through intentional burning, thereby increasing the value of the token. It is worth noting that there is an ongoing Meme Contest in which the platform will reward the grand winner with $250 with the 2nd and 3rd runner up pocketing $100 and $50 respectively. Overall, Pullix has established itself as one of the best crypto investment alternatives of 2024.
For more information regarding Pullix’s presale see links below:
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Source: https://coinpedia.org/press-release/massive-display-of-growth-potential-for-pullix/