Shiba Inu (SHIB) Token Burn: Will it Increase Price in January?
The Shiba Inu (SHIB) community continues to burn SHIB coins in 2024, with a significant increase in the burn rate. On January 5th, they burned 5,203,527 SHIB, which increased the burn rate by 2,274.64%. Earlier on January 1st, there was a massive increase in the burn rate, with a total of 129,716,497 SHIB being burned. Despite these burn events, the price of Shiba Inu remains stagnant. However, there is optimism that the team’s automated token burn mechanism will accelerate the burn pace, leading to scarcity. Two potential price points for SHIB are $0.00001893 and $0.00002091.
Ethereum (ETH) Price Prediction
Ethereum (ETH) is showing bullish signs as it attempts to recover from its recent dip. On-chain data and technical indicators support this positive view. The Awesome Oscillator (AO) and Relative Strength Index (RSI) are rising. Whale accumulation has also increased as investors buy the dip. Currently trading at $2,200, Ethereum faces little to no resistance going forward, according to the Global In/Out of the Money (GIOM) indicator. If Ethereum surpasses the $2,347 resistance level, it has the potential to rise to $2,400, $2,562, $2,652, and $2,859.
Pullix (PLX) To Offer 100x Gains After January Launch
Pullix (PLX) is anticipated to experience a price surge this month, similar to Shiba Inu and Ethereum. With a recent increase to $0.08, bulls are aiming for further gains. Pullix combines decentralized and centralized exchange features, providing users with a comprehensive trading experience. The platform supports a wide range of assets, including digital currencies, stocks, forex, ETFs, and commodities. PLX, an essential component of Pullix, enables users to participate in the platform’s “Trade-to-Earn” system, where trading activity translates into profit share. Additionally, Pullix incorporates artificial intelligence for copy trading, allowing users to replicate the successful moves of experienced traders. PLX is currently available on presale, with an expected 100x growth upon the exchange’s launch in January.
Hot Take: Pullix Emerges as a Strong Contender in January
If you’re looking for the best altcoin to invest in this January, Pullix should be on your radar. With its connection to the global market and a promising launch on the horizon, experts predict significant growth for Pullix, potentially reaching 100x after the exchange is released. Alongside Ethereum, Pullix offers compelling opportunities for crypto traders and investors. Make sure to check out Pullix’s presale for more information and join their community on Twitter to stay updated.
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