Shiba Inu (SHIB) rolled out a burning mechanism that is designed to boost the token’s price and provide existing investors with more value. The project’s development team announced the update on December 4, and since then, the crypto experienced a notable upswing. Another contributing factor to its uprising this year was the Shibarium L2 network launch.
Another cryptocurrency is seeing positive pricing following the broader bullish rally in the market; where one of them is Pullix (PLX), a project that has already seen an impressive crypto ICO, as it will be the first community-backed exchange without any KYC requirements. To see which low-cost altcoin has the best growth potential, we will go over both of their on-chart analytics and see which one is the best crypto investment for 2023 that can make investors millionaires.
Shiba Inu (SHIB)’s Shibarium Reaches 37M Transactions – Can It Get to a New ATH?
The Shiba Inu (SHIB) team recently introduced a burning mechanism that marks a new beginning for the network and is directly tied to the Layer-2 network Shibarium. While this launch was rough, data from Sibariumscan.iso indicates that it reached over 37,396,000 transactions and that over 1,289.744 wallets connected to it, marking a major increase in the size of active Shiba Inu crypto users.
With this new system, the more transactions on Shibarium occur, the more SHIB tokens are burned. The network will also allocate 70% of the base fee for burning, with another 30% dedicated to ongoing maintenance.
Kaal Dhairya, the lead contributor to SHIB, also addressed community speculation on Shibarium’s surge and provided key insights. While the rest of the crypto market experiences a price correction, the technical analysis of the Shiba Inu price movements reveals the potential for an Exponential Moving Average (EMA) cross, also known as the golden cross. This happens when a short-term EMA, such as the 50-day EMA, crosses above a 200-day EMA.
SHIB is now navigating through an ascending channel and has found steady support along its lower boundary. The total Shiba Inu price upswing was by 13% in the past week based on CoinGecko data, and its value spiked from $0.00000815 to a maximum point at $0.00000935. According to the Shiba Inu price prediction, it can rise to $0.000015 by the end of 2024, making this a price increase of 60.09% or $0.00000563.
Pullix (PLX) to Feature Automation Through AI-Driven Tools and Spike 100x
Pullix (PLX) is now making the most waves among Web3 circles, as it will introduce the world’s first community-backed exchange and Trade-to-Earn token. Users will be able to trade numerous assets and derivatives, including cryptocurrencies, all from a single account.
By holding the PLX token, investors can also earn from the daily revenues generated by the exchange. Traders are also eligible to use cryptocurrencies as collateral to trade a range of other OTC derivatives, all without needing to undergo a tedious KYC procedure.
The main unique selling point behind the native crypto is its revenue share system, Pullix is the first exchange that will enable any token holder to profit from any of the daily revenue that is generated on top of the exchange and get fixed capital gains as a result just by providing liquidity to automated market makers.
As a result, anyone can generate passive income through staking PLX tokens into the market, making a liquidity pool, and users will receive a fixed monthly passive income up to 18% APR. While these liquidity pools can be complex to create on most DEXs, Pullix will streamline this process significantly in a user-friendly interface.
These features are game-changers as they enable anyone to get rewards, whilst also gaining fixed passive income through an easy-to-use and friendly system.Multicurrency staking is also a major part of its offering, enabling anyone to stake Bitcoin, Ethereum, Dogecoin, and many other cryptocurrencies.
The Pullix platform will also implement automation through AI-driven trading tools to enhance trading strategies and provide users with higher profit potential opportunities. During the initial presale period, PLX trades at just $0.04, but analysts project that the crypto can rise 580% during the presale, and by 100x following its launch on Tier-1 exchanges. As a result, this makes it the best crypto investment, as it can make traders millionaires in 2024.
Conclusion
Both of these best DeFi projects can see significant gains during the upcoming years and are showcasing impressive on-chart performance. Even with its current major Shibarium momentum, the SHIB token can climb as high as 60.09% or $0.00000563 during the upcoming year.
While this marks a significant jump, it might not make many people millionaires. On the flip side, Pullix can see a spike of 100x, resulting in much more significant ROI, making it one of the top altcoins for 2023.
For more information regarding Pullix’s presale see links below:
Visit Pullix
Join The Pullix Communities
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