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A renowned crypto analyst, Michaël van de Poppe, believes the layer-two scaling solution, Arbitrum, is on the road to $2. Other analysts have also forecasted different potential price movements for Cardano and the crypto ICO, Pullix.
Pullix (PLX) Presale Continues To Rise As It Gets Set for Stage 5
Since the launch of its presale, Pullix (PLX) has attracted a significant influx of users. Currently, in the fourth stage of its presale, the DeFi coin is trading at just $0.07. A prominent analyst has forecasted a 100x increase in its price in January 2024. So, what exactly is Pullix?
Pullix is a one-of-a-kind exchange that combines the best features of both CEX and DEX systems. Its primary purpose is to simplify trade, reduce costs, and increase liquidity. Pullix covers a wide range of markets, including commodities, currency pairs, equities, and silver.
These markets were selected because of their large trade volumes and liquidity. For example, the FX market has a daily trading volume of $7.6 trillion, while the over-the-counter (OTC) derivatives market has a daily trading volume of over $40 trillion.
With such strong linkages to these markets, PLX, Pullix’s token, is emerging as a standout alternative in the crypto ICO space.
Pullix DeFi Swaps
It is another key feature of the upcoming Pullix platform swaps. This feature will allow users to swap their tokens. The process promises to be simpler, faster, and cheaper.
Instead of relying on direct matches between traders, the platform will use a liquidity pool. This method makes transactions faster as it eliminates the need to find a trading partner.
Given these features, the crypto analyst has tagged Pullix as a leading DeFi coin in the market.
Arbitrum (ARB) To Hit $2, Says Michaël van de Poppe
Michaël van de Poppe, a famous crypto analyst, has expressed a positive view on Arbitrum, an Ethereum layer-two scaling solution. He expects its value to climb to the $2 level.
Meanwhile, this ERC20 token has had a 42% gain over the previous 30 days, with its price oscillating between $1.27 and $1.66. Van de Poppe believes the upward trend will continue.
In his research, he underlines significant components of Arbitrum’s price trend. The analyst points out key support and resistance flips and remains optimistic about the token’s potential.
Arbitrum, he believes, will continue to rise, particularly in the $1.40 to $1.45 range. Following that, he believes it might lead to a further increase to $2.
Cardano (ADA) at a Critical Crossroad
LuckSide, a crypto analyst, has shared insights on the price trends of Cardano (ADA) in a YouTube video. He noted that Cardano was at a critical point. According to LuckSide, the focus of his analysis is a significant price gap in the Cardano coin.
He highlighted this gap as the key area where Cardano’s liquidity is most concentrated. Currently, there is noticeable selling pressure around the resistance level between $0.60 and $0.67. This contrasts sharply with a lower level of $0.40.
He interprets this gap as an uncharted territory in Cardano’s trading pattern. LuckSide pointed out two possible directions for the Cardano coin: it could either test the resistance near $0.70 or fall back to the $0.40 support level.
Conclusion
While Arbitrum and Pullix received bullish price predictions, Cardano received a bearish and bullish prediction. Nevertheless, the coming weeks hold huge potential for the crypto sector.
The potential Bitcoin ETF launch in January 2024 could be a huge turnaround for the crypto world. Coincidentally, Pullix will be launching its platform in January, too. Buy Pullix’s ERC20 token to be part of this massive rally.
For more information on Pullix’s presale, see the links below:
Join The Pullix Communities
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
