Shiba Inu (SHIB) And Dogecoin (DOGE) Price Predicted To Spark Massive Bull Run In Meme Coins
As 2023 nears its end, crypto enthusiasts have become highly active. They wish to end the year on a high note, and Shiba Inu (SHIB), Dogecoin (DOGE), and Pullix have emerged as the most sought-after options.
However, the meme coins have not been able to match the growth rate of the new token, PLX. As per experts, this new project can skyrocket by 580% during the ongoing presale round.
Shiba Inu Team Focuses On Burning SHIB Tokens
Shiba Inu (SHIB) has been in the news due to the burning of tokens. Recently, the lead developer of Shiba Inu (SHIB), Shytoshi Kusama, has made a statement in this regard. He stated the company was exclusively focusing on burning Shiba Inu (SHIB) tokens, and not any other tokens of its ecosystem, including BONE.
Earlier, on December 4, the Shiba Inu (SHIB) team burned over 8 billion tokens worth $75,000. According to reports, the team aims to burn trillions of Shiba Inu (SHIB) tokens to push its price to $0.01.
The Shiba Inu community hopes that the burning of SHIB tokens will positively influence the price of the meme coin. At the time of writing, Shiba Inu is up by 7% on the weekly price chart, with a SHIB costing $0.00000949.
Dogecoin’s (DOGE) Brand Exploited By Scammers
Dogecoin (DOGE) has been on the volatile side of the market lately. While the market value of Dogecoin (DOGE) has risen by 6% in the last week, its rise on the monthly chart is 18%. Therefore, the current trading price of Dogecoin (DOGE) has jumped to $0.0948.
However, amidst this volatility, a prominent advocate for Dogecoin (DOGE), Mishaboar, has issued a warning. According to Mishaboar, several new coins are mimicking Dogecoin (DOGE) to deceive investors.
The advocate stated that the new tokens are using pump-and-dump tactics while using Dogecoin’s (DOGE) brand. According to Mishaboar, this is a prime reason behind the wild fluctuations in the price of Dogecoin (DOGE).
Pullix’s Presale Sees Jaw-Dropping Rise
A recent report’s findings suggest that the market size of global online trading platforms is likely to reach $16.5 billion by the end of 2032. However, existing exchanges suffer from several issues like limited availability of assets, high transaction costs, and regulatory ambiguities.
Besides, events like the FTX crash and the US regulators’ crackdown on Binance have shaken investors’ trust in trading platforms. Tackling these issues, Pullix has entered the arena with its native token, PLX.
It is the world’s first community-backed exchange that allows people to trade in a range of assets. Ensuring transparency and adhering to legal requirements, the platform is aiming to become a fully licensed platform. But why are investors rushing towards it?
It is because of its profitability. The platform does not charge any fees on transactions, reducing the cost of trade for users.
Additionally, if you own a PLX token, the platform offers generous rewards. The token owners will receive a share of the daily revenues generated by the trading exchange. You can also stake your tokens to earn passive income, and extra rewards. With this, users can receive a fixed monthly passive income of up to 18% APR.
Moreover, traders can convert their tokens into fiat or other cryptocurrencies. The presale round of the platform is live, and is undergoing stage 1. Currently, a token costs just $0.04. Experts believe that its value can grow by 10000% upon launch.
For more information regarding Pullix’s presale see links below:
