A renowned figure in the trading community has recently turned the spotlight on Pullix (PLX), predicting it will follow in the footsteps of the legendary 2021 rally of Shiba Inu (SHIB). Pullix is in the crucial final stages of its presale event of discounted tokens, with the platform due to launch this month. Let’s dive into the details.
Key Factors Driving the Bullish Pullix (PLX) Prediction
Let’s discuss the key factors that have led to this bullish sentiment towards Pullix:
- Revolutionary Hybrid Model: Pullix’s hybrid exchange model is a game-changer, offering the security and transparency of DeFi while ensuring the liquidity and usability of CeFi. This blend of the two worlds is a major draw for traders seeking a secure and user-friendly platform.
- Strong Community and Governance: Like Shiba Inu, Pullix places a strong emphasis on community involvement and decentralized governance. Not only do PLX token holders have a say in the platform’s development, but they earn a share of the platform’s profits as well.
- Innovative Features and User Incentives: Pullix introduces several innovative features, including a revenue-sharing model, where PLX holders can earn a portion of the platform’s trading fees. Such incentives drive long-term loyalty and increase the token’s demand.
- Market Conditions and Sentiment: The current crypto market conditions, with Bitcoin breaking $50K and investors looking for the next big thing, create a perfect storm for a new token like Pullix to go on a SHIB-like rally.
- Presale Performance: The $5.40 million raised so far during the presale event is a green flag for Pullix’s success. It shows that the Pullix approach has legs, and investors believe in the team’s vision.
Combining a revolutionary hybrid model, community involvement and governance, innovative features, and user incentives, favorable market conditions, and presale performance has created an extremely positive sentiment around Pullix.
Shiba Inu went on a 100x rally in early 2021, and that’s what’s predicted for Pullix in Q1 2024. The seventh presale round is currently live, acting as the penultimate chance to get in on the ground floor at just $0.14 per token.
Similarities with Shiba Inu (SHIB)
Shiba Inu was the star of the 2020/21 bull run. The gains were so impressive that it’s now common to see projects say, “We are the next SHIB,” and predict their token’s price to explode. However, few projects have the potential to come close to what SHIB has achieved.
Early Shiba Inu buyers turned hundreds into millions overnight as the doggy meme became the go-to option for new market entrants. With Pullix predicted to overtake the likes of Binance, it is possible for Pullix to mimic the Shiba Inu performance from the current presale stage.
But is the Shiba Inu run over or just getting started? The Shiba Inu team believes in the latter, with a continued focus on expanding its ecosystem and partnerships. The Shibarium layer-2 innovation is the latest development, promising to make transactions faster and cheaper for those in the ecosystem.
Shiba Inu has just announced Shibdentity, a digital identity system that makes it easy to send and receive crypto. The team is committed to growing its community and making SHIB more than just a memecoin.
Technical analysts of the Shiba Inu chart highlight a key resistance zone at $0.000010 – $0.000011 and a support level of $0.0000050. A breakthrough of the resistance should result in a quick rally to $0.000020, while a failure to hold the support could trigger a sharp decline.
Summary
While Shiba Inu has already had its moment in the spotlight, Pullix is still in its early stages and has the potential to achieve similar success. The hybrid approach of mixing DeFi and CeFi is a game-changer in a trillion-dollar industry, and the community is clearly excited about its potential. With a live platform demonstration available to the public, two trading licenses obtained and listings on both Bitmart and Uniswap, Pullix has the potential to become the next 100x token in 2024.
The recent announcement of Shibdentity shows that SHIB is not done growing yet, with further developments and partnerships in the works. However, traders should monitor key resistance and support levels in the Shiba Inu chart to decide when to buy or sell.
For more information regarding Pullix’s presale see links below: