The altcoin market cap has witnessed tremendous growth in the past few months, with new altcoins setting new records. Among the altcoins that have entered the spotlight is Pullix, which is challenging established cryptos like Dogecoin and Arbitrum. As such, analysts are projecting massive rallies for the PLX token as the platform is set to launch soon. Meanwhile, Dogecoin and Arbitrum are showing signs of a rally as both coins break key support zones. More details below.
Pullix Attracts Investors With Unique Trading Exchange
Pullix is a new trading exchange that aims to bridge the gap between centralized and decentralized exchanges. As a trade-to-earn exchange, users can trade cryptos such as Bitcoin, Dogecoin and Arbitrum. Having entered the crypto space for some months, Pullix has made progress, achieving over $8M in funding and already onboarding over 20,000 users.
Also, the Pullix (PLX) price has improved significantly in the past few months. From an initial price of $0.04, it has surged to $0.8 currently, giving early investors a 100% ROI in the past few months. As the platform gears up for launch in the coming weeks, there is high anticipation that Pullix will witness a massive rally.
Notable crypto analysts are projecting up to 20x rallies before the end of Q3. As such, now might be the best time to invest in the token. As a platform, Pullix is seen as a better alternative to top exchanges such as Binance. The new exchange offers traders total control of their assets with no third-party interference.
Dogecoin Price Analysis – Key Metrics Point to a Rally
Dogecoin, the popular meme coin, is one of the altcoins that could hit the moon in the coming weeks. The Dogecoin price has gained over 30% in the YTD price metrics. Also, the Dogecoin token has dropped over 20% in the past week as the coin establishes support above the $0.09 mark.
However, the Dogecoin trading volume, which stood at $298M in January, is up by almost 3x and hovering around $851M. The major driving factor is the massive meme coin frenzy, which has led to more adoption of meme coins. Zooming in, the Dogecoin technical analysis suggests massive rallies are on the way.
While the Dogecoin market sentiment is bullish, the coin is trading above the 200-day SMAs. As such, major Dogecoin predictions, such as Dima James Potts, a crypto analyst, back the coin to $1 in the long term.
Can ARB Price Hit $2 in August?
Arbitrum, the Ethereum layer 2 scaling solution, is taunted as one of the next altcoins to witness a rally. With a Total Value Locked of $3.2B, Arbitrum is one of the top players with strong potential. The market activity is showing positive signs despite the recent drop in price, as the Arbitrum token market activity is booming.
Meanwhile, the Arbitrum market cap in the YTD metrics shows positive growth, moving from $1.49B in August 2023 to over $1.7B in August 2024. Also, the Arbitrum crypto technical analysis shows signs of imminent rally as the market sentiment signals bullish momentum.
Major Arbitrum price prediction back the token to surpass the $2 mark in Q3.
Can Pullix Challenge These Established Cryptos?
Pullix is a new crypto that is developing a unique hybrid trading exchange. So far, its features show that it is ready to challenge established cryptos. Coupled with the profit-sharing model, there is a strong indication that Pullix could stake a claim to the trillion-dollar crypto market.
For more information regarding Pullix see links below:
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