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The Dogecoin (DOGE) price breakout takes a retest, and now, many are speculating if the crypto can bounce back from this fall and reach new heights in the coming trading sessions.
The Shiba Inu (SHIB) crypto also remained under a similar bearish pressure despite increased interest within the meme coin market as a whole. In the meantime, Pullix (PLX) has begun pulling ahead of the competition, as its presale is nearly over, with over 80 million tokens sold. Today, we will uncover the price potential for each altcoin to determine which is the best cryptocurrency to buy.
Dogecoin (DOGE) has recently experienced a slight retest of its short-term breakout from the resistance. The weekly on-chart data, however, does suggest that a bullish reversal is a possibility. If a breakout event occurs, this could justify further Dogecoin price increases, leading to more candles that are on an upward momentum.
Currently, the data showcases a price rejection in the bearish candles but projects a likelihood of a post-retest reversal. If the Dogecoin crypto price does indeed move forward, a rally could be sustained. A bullish crossover between the MCD and signal reflects this recovery trend is returning. Based on the current Dogecoin price prediction, it can end 2024 at a value of $0.1443.
Shiba Inu (SHIB) has also faced a similar level of performance, as it has undergone bearish pressure. Despite massive interest in meme coins and continuous work on improvements of the ecosystem, the crypto is heading downwards. The hurdle is present in the form of a massive concentration of the Shiba Inu crypto of 47 trillion, located at a higher price point of $0.00001 per SHIB token.
However, if the Shiba Inu price remains under the 20-day EMA, bears cannot drive it down further due to the increased buying pressure near the dip. As a result, based on the Shiba Inu price prediction, it can reach $0.000015 by the end of 2024.
Pullix (PLX) is an upcoming DeFi project that will introduce the best elements of centralized and decentralized exchanges to create a hybrid system. Pullix will enable anyone to access perpetual futures, contract for differences (CFDs), a lending protocol, and an NFT launchpad in order to help investors enjoy better opportunities. It will feature a native cryptocurrency, PLX, which is ERC-20-based and used for transactions on top of the platform.
Through owning this token, investors will be eligible for fixed income from the earnings on the platform and can provide liquidity to the automated market makers (AMMs) for additional capital gains.
So far, over 80 million tokens have been sold, and the presale has raised nearly $5 million, showing clear demand for the PLX token. At Stage 7, a single PLX token trades for $0.10. At launch, analysts expect a 100x upswing in its value..
It's clear that both Dogecoin and Shiba Inu need to battle in order to maintain their current growth momentum, and bulls need to regain control of the market. Currently, the Pullix presale has seen a massive level of appeal from traders and investors which could soon lead to a surge in value significantly. These aspects make PLX the best cryptocurrency to buy to get into for 2024 based on the latest projections.
For more information regarding Pullix's presale see links below:
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
