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After witnessing astronomical surges in dog-themed coins like Dogecoin (DOGE) and Shiba Inu (SHIB) in 2021, the market is looking for the next big thing. With $7.5 million raised so far during the pre-sale event, analysts predict that Pullix (PLX) could replicate the success of Dogecoin and Shiba Inu in 2024.
Dogecoin has a market capitalization of $80 billion.
Dogecoin is a 10-year-old memecoin that experienced 100x gains during the 2021 bull market as retail investors flocked to it to generate life-changing returns. Dogecoin has reached a market capitalization of $80 billion and is close to reaching its long-term price target of $1, which was originally set as a joke.
People who buy and sell at the right time have made millions in profits, but Dogecoin’s price has also been extremely volatile. After hitting a new high of $0.73 when Elon Musk appeared on Saturday Night Live, Dogecoin’s price has fallen significantly and currently sits at $0.085.
Dogecoin’s history suggests that Bitcoin has reached new heights and thrived amidst peak retail excitement. With Bitcoin surging above $50,000 and attempting to regain its previous all-time highs, some are speculating that Dogecoin could have another breakout.
However, others argue that Dogecoin’s previous all-time highs were a “perfect storm” scenario and that it may never reach those heights again. Overcoming the critical resistance area between $0.10 and $0.11 is the first step for Dogecoin to prove these skeptics wrong.
Shiba Inu: From meme coin craze to Shibdentity innovation
After Dogecoin’s success, it was only a matter of time before other memecoins jumped on the Dogecoin hype. Shiba Inu is one of the many “Dogecoin killers” that emerged in 2021 and quickly gained popularity.
People who bought a Shiba Inu early could have made a 10,000x profit that could change their lives forever, but since they weren’t listed on major exchanges until much later, many people missed out on this opportunity. Shiba Inu’s market cap reached $39.5 billion in May 2021, but currently stands at $5.69 billion.
The difference between Dogecoin and Shiba Inu is that the latter builds an entire ecosystem consisting of tokens, NFTs, launchpads, scaling solutions, and more. The most recent addition is the Shibdentity digital identity framework, which makes it easier for ecosystem users to send and receive payments.
Technical analysis of the Shiba Inu chart shows a clear resistance area between $0.000010 and $0.000011. A break above this level could lead to a surge to $0.000020, and potentially $0.000050 if market sentiment remains strong in 2024.
But what if you missed out on the gains from Dogecoin and Shiba Inu? Another altcoin that is gaining attention and could potentially offer huge returns in the future is Pullix.
Pullix runs using a hybrid model.
As the cryptocurrency community searches for the next big thing, Pullix stands out as a project with the potential to redefine the trillion-dollar trading industry.
Pullix uniquely blends the strengths of decentralized (DeFi) and centralized exchanges (CeFi) to introduce a hybrid exchange model that solves the pressing problems plaguing both sectors.
At the core of Pullix’s approach is an effort to overcome the liquidity issues that hinder the growth of DeFi while ensuring the security and reliability of user assets. Lastly, traders can now enjoy the benefits of decentralized trading without sacrificing liquidity.
Another first in the trading industry is a platform that hosts a variety of financial products, including forex, stocks, commodities, and cryptocurrencies. The best part is that traders can get started with just an email address and a cryptocurrency deposit.
But perhaps the most attractive part of Pullix is its native PLX token, which is used for a variety of functions including staking, voting, and earning rewards. These utilities provide early adopters with the opportunity to enjoy multiple passive income streams while gaining exposure to altcoins poised to mimic the incredible returns of Shiba Inu and Dogecoin.
The final pre-sale PLX tokens can be purchased for $0.14 each. This price represents a 250% growth since pre-sale began, but the community is optimistic ahead of launch.
With its hybrid model, trading-to-earnings program, anonymous trading, and startup ecosystem, Pullix has the potential to disrupt the trading industry. It has raised more than $7.5 million in presales, which are currently underway.
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