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Crypto analyst Altcoin Daily has predicted a promising future for Ethereum to soar to $10,000. Adding to the excitement, there’s a surge in interest in whales in both Shiba Inu and Pullix. This growing interest in Shiba Inu and Pullix makes them among the top altcoins to watch for bullish gains.
Analyst Gives Reasons Why Ethereum (ETH) Can Reach $10,000
In a recent post on X, a crypto analyst, Altcoin Daily, shared an optimistic view about Ethereum’s potential growth, predicting it could reach $10,000. This projection places Ethereum as a top contender for the best cryptocurrency investment currently.
The analyst pointed to Ethereum’s deflationary trend as a critical factor for this potential surge. Ethereum’s shift to a deflationary status could increase its value. This trend is primarily thanks to the Ethereum EIP-1559 protocol, which has led to more ETH being burned, especially with the rise in transaction fees.
While high transaction fees have been a significant drawback of using Ethereum, there’s hope for improvement. The upcoming EIP4844 upgrade is expected to reduce these fees and enhance the Ethereum coin’s utility.
Shiba Inu (SHIB) Whales Add 4.8 Trillion Tokens To Their Wallets
Shiba Inu (SHIB), a meme cryptocurrency, saw a record 4.8 trillion SHIB flow into the wallets of whales on December 20th. IntoTheBlock’s Large Holders Inflow indicator showed a 375% increase from the previous day.
Meanwhile, this whale accumulation could affect Shiba Inu price positively. According to CoinMarketCap, the Shiba Inu coin has increased 9.7% and 18.5% in the past week and month, respectively.
The SHIB coin trades between $0.00000935 and $0.00001165 on the weekly chart. Analysts have forecasted an increase of 20% in the coming weeks.
Pullix (PLX); Whale Interest Rises
Besides Shiba Inu, PLX is another DeFi coin that has attracted the attention of whales. It is the native token of the hybrid crypto exchange Pullix. Why are whales so interested in the token? Let’s find out.
In the first place, Pullix is a hybrid trading exchange with both CEX and DEX characteristics. Anonymity, low costs, and rapid transactions all make this platform a better trading experience for traders. Second, users can select from a variety of trading modes. Equities, forex, indices commodities, and digital currencies are offered by Pullix.
With this diversification, your investment portfolio can grow. Let’s look at another great feature on Pullix: AI-Powered Copy Trading. With the aid of AI technology, users are able to mirror leading traders ‘trades. Who benefits? All users of Pullix can now share in the profits they get from copying the trades of more experienced traders.
The Pullix ecosystem’s DeFi coin PLX also has many applications. It is the primary medium for transactions on the platform. Owning PLX gives you exclusive access to platform features. You can also stake PLX tokens for interest.
PLX holders can change their tokens into other digital or traditional currencies. This gives the token great flexibility. For that reason, PLX is an excellent choice for those looking to invest in the best cryptocurrency investment. Being only $0.044 per PLX token, it’s one of the best ICOs on the market.
End Note
Aside from Ethereum, Shiba Inu and Pullix are among the best altcoins to watch out for. The driving forces behind each project coupled with interest of whales provides an extremely bright outlook for both tokens. Braced to race into stage 4 in the next few days, Pullix continues to gain attention in both tokens showing their huge potential for future growth.
For more information regarding the Pullix presale see links below:
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*This article was paid. Cryptonomist did not write the article or test the platform.