Arbitrum (ARB) has outperformed many other cryptocurrencies after surging by 33% in the past week alone, positioning itself as a serious contender in the market. From November to December, the crypto is up 50%, and renowned crypto expert Michaël Van De Poppe has noted how the altcoin could extend its surge if it gets past $1.45 before climbing to the $2 territory. On another note, Pullix’s presale has raised over $2million in less than four weeks. We will review Arbitrum and Pullix’s on-chart data to see which is the best cryptocurrency to buy today.
Arbitrum (ARB) to Reach $2 Based on Analysis by Michaël Van De Poppe
Arbitrum (ARB) witnessed exceptional growth during the past month and gained the attention of major crypto analyst Michaël Van De Poppe. The project introduces a Layer-2 scaling solution that uses rollups to boost Ethereum’s cost-efficiency, its stability and its speed.
It also leverages the ETH crypto’s compatibility and security, to gain lower transaction charges while also increasing throughput. Through a post on X (Twitter), the analyst noted how a retest at $0.98 worked for the crypto.
Then, Arbitrum saw a continuation towards $1.35, and its value could rise even further. The analyst thinks that $1.40 and $1.45 should hold, and according to the Arbitrum price prediction, it can reach $2 soon.
Pullix (PLX) to Revolutionize TradFi With a Unique Approach and Massive Token Utility
Pullix (PLX) is a trading exchange that will bridge the gap between CEXs and DEXs by offering users access to the best features of both.
● It will also solve liquidity issues that have plagued the industry for years. By incentivizing users to provide liquidity, the platform can offer more competitive prices when compared to other platforms. As a result, this can attract far more users and drive up demand.
● Another key aspect that makes Pullix appealing is its ability to offer institutional, liquid, and slippage-free trading to the DeFi community.
● The trades are executed through the off-chain order book, and this can provide a speed advantage.
● Traders can also stake PLX for additional bonuses, and the token can become a primary vehicle for distributing rewards or other promotional offers.
The key flagship feature behind Pullix is its Yield Farming Mechanic. Users can earn PLX while contributing to liquidity by staking LP Tokens.
● Every trade on the Pullix Swap will incur a 0.25% fee, which is then added to the Pullixpool in the form of LP tokens.
● During the daily reward contract execution, these LP tokens get sold for PLX.
● The gained PLX is distributed to all PullixLP holders proportionally in the pool.
The mechanism for generating rewards this way can ensure that the price of PLX increases alongside its value.
There is also a Copy Trading infrastructure where users can copy the most successful traders based on the number of data points based on the user’s goals and preferences. As a result, its blockchain ICO has gained a lot of attention.
Summary
Arbitrum is bullish and could climb to $2 soon, yet Pullix is emerging as a major contender in the Web3 space with its community-backed approach. During Stage 5 of the presale, PLX traders at $0.07. At launch and once the blockchain ICO concludes, analysts are projecting a 100x upswing, especially once it’s listed on Tier-1 exchanges. These aspects make it the best cryptocurrency to buy today.
For more information regarding Pullix’s presale see links below:
Visit Pullix
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Source: https://cryptodaily.co.uk/2024/01/michael-van-de-poppe-projects-2-growth-for-arbitrum-arb-pullix-plx-to-outshine-other-projects-with-community-backed-approach