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After witnessing the astronomical surge of dog-themed coins like Dogecoin (DOGE) and Shiba Inu (SHIB) in 2021, the market is looking for the next big thing. With $7.5M raised so far during a presale event, analysts are predicting that Pullix (PLX) may replicate Dogecoin and Shiba Inu’s success in 2024.
Dogecoin has a $80 billion market cap
Dogecoin is a decade-old memecoin that experienced 100x gains in the 2021 bull run as retail investors flocked to make life-changing profits. Dogecoin reached a market cap of $80 billion and almost hit the long-term price target of $1, which was originally set as a joke.
Those who bought and sold at the right times made millions in profits, but Dogecoin’s price has also been highly volatile. After setting a new peak of $0.73 when Elon Musk appeared on Saturday Night Live, Dogecoin’s price has significantly dropped and currently sits at $0.085.
Dogecoin’s history suggests it thrives in the wake of Bitcoin reaching new heights and amid maximum retail excitement. With Bitcoin surging above $50,000 and attempting to reclaim its previous all-time highs, some speculate that Dogecoin could have another breakout moment.
However, others argue that Dogecoin’s previous all-time high was a “perfect storm” scenario and that it may not be able to reach those heights again. Overcoming the critical resistance zone between $0.10 and $0.11 is the first step for Dogecoin to prove these skeptics wrong.
Shiba Inu: Meme coin frenzy to Shibdentity innovation
After Dogecoin’s success, it was only a matter of time before other memecoins piggybacked on its hype. Shiba Inu is one of the many “Dogecoin killers” that emerged in 2021 and quickly gained popularity.
Those who bought Shiba Inu early made 10,000x gains to change their lives forever, but many missed out on this opportunity as it was not listed on major exchanges until much later. Shiba Inu’s market cap reached $39.50 billion in May 2021 but sits at $5.69 billion today.
The difference between Dogecoin and Shiba Inu is that the latter is building a whole ecosystem of tokens, NFTs, launchpads, scaling solutions, and more. The most recent addition is the Shibdentity digital identity framework that should make it easier for ecosystem users to send and receive payments.
Technical analysis of the Shiba Inu chart shows a clear resistance zone between $0.000010 and $0.000011. Breaking above this level could lead to a sharp spike to $0.000020, potentially reaching $0.000050 if market sentiment remains bullish in 2024.
But what if you missed the gains of Dogecoin and Shiba Inu? One more altcoin is gaining traction and could potentially provide huge returns in the future — Pullix.
Pullix runs using an hybrid model
As the crypto community searches for the next big thing, Pullix stands out as a project with the potential to redefine the trillion-dollar trading industry.
Pullix introduces a hybrid exchange model that ingeniously blends the best aspects of decentralized (DeFi) and centralized exchanges (CeFi) to solve the pressing issues plaguing both sectors.
At the heart of Pullix’s approach is its commitment to overcoming the liquidity challenges that have stifled the growth of DeFi while ensuring the security and trustlessness of users’ assets. Finally, traders can now enjoy the benefits of decentralized trading without sacrificing liquidity.
Another first for the trading industry is a platform that hosts diverse financial instruments, including Forex, stocks, commodities, and crypto. The best part is that traders can get started with only an email address and a crypto deposit.
But perhaps the most compelling part of Pullix is its native PLX token, which is used in various capacities, including staking, voting, and earning rewards. Such utility presents an opportunity for early adopters to enjoy multiple passive income streams while exposed to an altcoin poised to mimic the incredible returns of Shiba Inu and Dogecoin.
The final presale PLX tokens can be bought for just $0.14 each. While this price represents 250% growth since the presale began, the community are bullish ahead of its launch.
With a hybrid model, trade-to-earn program, anonymous trading, and a budding ecosystem, Pullix may disrupt the trading industry. Currently, it has raised over $7.5 million in the ongoing presale.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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