Many Dogecoin (DOGE) and Shiba Inu (SHIB) Holders Are Now Looking At Tokens With Utility Like Pullix (PLX)

Dogecoin and Shiba Inu have outgrown the meme coin moniker, becoming multi billion dollar assets. They have both experienced significant growth since the start of the new crypto cycle in late 2023. However during the recent downtrend their prices along with many other top cryptos have plummeted.

 

WIth that being said some experts believe that the market could make a drastic u-turn as we head into Q3. With this investors are always looking for returns and new projects with untapped potential that can grant 100x returns as the bull market progresses. This is where Pullix could be a better option.

Can Dogecoin Still Reach $100 Billion In Market Cap?

Dogecoin’s price action suffered during the recent downturn with it now following the same suit as its peers after millions of dollars was wiped off its market cap. With Dogecoin now seeing losses exceeding 25% this week alone many are questioning whether Dogecoin has the potential to hit a $100million MC this year.

With Dogecoin and many others being caught in the Ethereum ETF sell-off domino effect and experiencing a huge correction, questions are being asked with regards to its suitability in the current financial landscape. Dogecoin is currently trading below its 100 day rolling average and could see further declines. When this decline happens, investors can buy Dogecoin at a discount on Pullix!

Could Shiba Inu Flip Doge?

Shiba Inu saw a huge portion of its market cap slashed this past week. Shiba Inu has been ranging around the $0.000017 mark for a month now, but this recent breakdown took its price back to the range lows. Currently Shiba Inu sits at its lowest position this year with a market cap to match it. The great thing is that Shiba Inu can be purchased using the Pullix exchange. 

Talks about a potential flipping of Dogecoin have been circulating for a while now, mainly since Shiba Inu can leverage the Shibarium ecosystem to onboard new investors and ensure the project’s longevity. During this consolidation, however, interest in Shiba Inu has decreased. 

Pullix Gearing Up To Become The Ultimate Exchange

Sustaining liquidity has always posed a significant challenge for DeFi and has barred the space from reaching its full potential. Pullix’s mission is to solve this, and it does so by combining the best aspects of decentralized and centralized exchanges, seamlessly bridging the gap between the two.

Pullix implements cutting-edge security protocols addressing one of the major concerns that have been hindering dexes for years: safety. At the same time Pullix understands the meaning of “Not your keys, not your coins”, a phrase that became particularly relevant in the aftermath of the FTX collapse. As a result, the platform gives users full custody over their assets, removing all third parties from the equation.

The platform supports more than 500 assets from a vast array of industries: forex options, shares, commodities and cryptocurrencies, including Dogecoin and Shiba Inu. Investors can begin trading immediately just by connecting their self-custodial wallet. 

PLX, Pullix’s native token plays a vital role in the ecosystem, as it acts as a governance tool and as an asset for users to stake and receive a share of the profits in proportion to the amount of the tokens they hold.

Pullix has demonstrated surprising strength during the recent market downturn, increasing to $0.09. Analysts are extremely bullish about what the future has in store for PLX and predict that its price could increase by 580% in the upcoming weeks. 

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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.