Battle of Crypto Giants: Injective (INJ), Ripple (XRP), and Pullix (PLX) Battle for Bull Run Dominance
Three crypto titans – Injective (INJ), Ripple (XRP), and Pullix (PLX) – are actively competing for dominance in the ongoing bull run. While INJ and XRP are already established altcoins, PLX is a new DeFi project that recently entered Stage 5 of its presale. Prominent analysts have pegged this newcomer as the next 100x token in 2024. Today, we will discover why.
Injective Protocol News
Recently, Injective (INJ) announced it had achieved a new milestone – over 5.8M INJ tokens have been burned since its main net launch. This achievement shows the growing commitment of the Injective team to increase the token’s value. Regarding its value movement, the Injective crypto has pumped from $16.86 on November 29 to $37.09 on December 29.
From a technical perspective, this bullish trend may continue as 23 technical indicators are showing green for this altcoin. Moreover, the Injective coin Fear & Greed index rating shows a 65 (Greed) – a good bullish sign.
Because of these indicators, experts in the field predict that Injective may trade at $37.85 in January 2024.
Ripple (XRP) Price Prediction
Meanwhile, crypto analyst Egrag Crypto has made a bullish Ripple (XRP) price prediction. According to him, the Ripple crypto might jump to $1.2 in Q1 of 2024. Over the last week, the Ripple price increased from $0.62 on December 22 to $0.63 on December 29.
The technical analysis of Ripple also paints a bullish picture as it trades above its 100 and 200-day EMAs. Additionally, Ripple has recorded 18/30 (60%) green days with 2.58% price volatility over the last month alone.
All these factors are why market analysts foresee the Ripple price reaching $0.66 in January 2024. This makes Ripple one of the altcoins to watch.
Pullix (PLX): The Best DeFi Project
Pullix (PLX) has recently made waves by advancing to Stage 5 of its presale. This crypto ICO is gaining mass appeal as it has already raised $2.3M and sold over 50 million PLX tokens so far. Global investors are confident in the growth potential of Pullix as it will bring a unique hybrid exchange to the DeFi market. You will find deep liquidity, self-custodial portfolio management, low trading fees, and more on this exchange.
We are delighted to share that the Pullix presale has officially entered Stage 5 after successfully selling out our entire Stage 4 allotment ahead of schedule.
This significant milestone could not have been achieved without the tremendous support of our visionary community.… pic.twitter.com/l6U1it0I7C
— Pullix (@Pullixmarkets) December 29, 2023
While many platforms like KuCoin only focus on cryptocurrencies, Pullix will allow the trade of all asset classes (including cryptos) on one account. As a result, you no longer need to create multiple accounts on different platforms to access certain assets – a great convenience.
The exchange may be the main pillar of this DeFi project, but the Pullix team will also include other components in its ecosystem:
- Copy Trading: This allows you to mirror the strategies of seasoned traders, replicating their success in the market.
- Yield Farming: Engage in Yield Farms on Pullix to earn PLX tokens by staking LP tokens.
- Lending Protocol: Pullix’s lending protocol revolutionizes money markets by facilitating lending and borrowing activities.
All these features are driven by the PLX native token, which will bring you outstanding passive income. Pullix will give a percentage of its daily revenue to PLX stakers. Meanwhile, another percentage will go towards buying PLX tokens on the open market and then burning them – increasing demand (and value). You may even stake other cryptos with Pullix to obtain a fixed interest rate, another passive income opportunity.
Because of these reasons, countless individuals are now stockpiling this altcoin as it currently costs just $0.07 – a 75% increase from its starting price. Thanks to its ties to the OTC derivatives market, which ISDA valued at $618T in 2022, its long-term growth potential is stellar. Experts foresee its value pumping by 580% before its presale ends and another 100x pump after it hits exchanges. This makes PLX one of the best cryptos to invest in right now.
In Closing
While all three of these altcoins are worth watching, Pullix will stand out as it has a low market cap of $14M. On the other hand, Injective and Ripple have market caps of $3.1B and $34.2B, respectively. This means that PLX will surge much faster as it needs only $14M for its value to double. With its innovation, this altcoin will easily complete that task.
For more information regarding Pullix’s presale see links below:
