Injective, Arbitrum, and Pullix riding crypto wave
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The cryptocurrency landscape continues to evolve, with thousands of altcoins now available. Among these, Injective (INJ), Arbitrum (ARB), and Pullix (PLX) are contenders. While INJ and ARB are slowly establishing themselves, PLX is a new project in stage 3 of its presale.
Injective Protocol price prediction
Recently, Injective announced the launch of its first inscription marketplace, INJS. This marketplace will also bring its first inscription with the same name – INJS.
Meanwhile, INJ prices rose from $29.79 to $38.52 on Dec. 19.
This bullish trend may continue since over 25 technical indicators are in the green. Moreover, its Fear and Greed index rating is 73 (Greed), which is a good bullish sign.
Due to all these reasons, market experts predict INJ will reach $39.32 before the end of the year.
Arbitrum hits new milestone
According to IntoTheBlock, the Arbitrum daily transactions recently hit a new all-time high of 5.4 million transactions.
The surge in activity came from inscription hype and even led to a brief network outage.
During that time, the Arbitrum price surged from $1.04 on Dec. 18 to $1.10 on Dec. 19.
The technical analysis also paints a bullish picture as its Fear and Greed index rating sits at 73 (Greed). Its price also sits comfortably above its 21-day EMA.
Experts in the field have taken note of all these bullish indicators when making their Arbitrum price predictions. They forecast the token to reach $1.22 before the end of 2023.
Pullix may disrupt defi
Pullix aims to offer a hybrid platform, blending the strengths of centralized and decentralized exchanges.
This approach will solve many issues currently affecting the decentralized finance (defi) market.
For instance, many platforms like Binance or Coinbase only allow the trade of cryptocurrencies.
However, it enables the trading of all asset classes under one account, improving convenience.
The Pullix team will also incorporate other features, including:
- Yield farming will allow you to earn PLX by staking LP tokens, contributing to liquidity.
- Trade-to-earn for traders to instantly receive tokens, irrespective of the outcomes of their trades.
- Swaps to simplify token trading at minimal fees.
In stage 3 of the presale, PLX is trading for $0.044. Over 2.9 million PLX have been sold, and over $859,400 raised.
Pullix is popular mainly due to its distinctive revenue-sharing model, which can benefit the community.
To elaborate, those who stake PLX will enjoy a share of Pullix’s daily revenue.
Holding PLX will also give you access to exclusive asset classes, up to 60% trading fee discounts, and more.
Closing thoughts
While Injective and Arbitrum trend, Pullix is increasingly becoming popular.
Since it has ties to the forex market, which a 2019 Triennial Central Bank Survey claims saw a daily volume of $6.6 trillion, analysts are bullish on Pullix’s prospects.
PLX also has a low market cap of $8.8 million, meaning it can expand faster than its established counterparts.
For more information regarding Pullix’s presale, see the links below:
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