Top crypto analyst Captain Faibik has recently forecasted a 30-40% increase in the price of Cardano. Meanwhile, the Ethereum scaling solution, Arbitrum, and the DeFi project, Pullix, have experienced a surge in trading volume.
What you'll learn 👉
Cardano (ADA) Forming Bullish Pennant, What Next?
A crypto analyst, Captain Faibik, believes Cardano (ADA) is in a bullish pennant formation. Bullish pennant patterns usually appear after a price increase and suggest that the upward trend might continue after a period of consolidation.
For Cardano, this pattern started in the first two weeks of December. Then, the Cardano coin saw a 77% price increase from $0.3759 to $0.6655.
After that, Cardano’s price started forming higher lows and lower highs, creating the pennant shape. If this pattern continues, the analyst believes there could be a 30% to 40% increase to around $0.8.
The Cardano coin is fluctuating between $0.541390 and $0.635213. Like the rest of the alt coin market, the token witnessed some losses recently. Still, the monthly and yearly chart shows gains of 18.5% and 98.9%.
Arbitrum (ARB), First L2 Network To Hit 1B Daily Volume on Uniswap
According to a recent tweet by Uniswap, the layer-two network Arbitrum (ARB) hit an all-time high of $1,115,140,278 on January 3rd. Interestingly, Arbitrum coin is the first layer-two network to achieve such a feat.
The increased trading volume is shown in the Arbitrum price. According to CoinGecko, the alt coin increased from a low of $1.44 to a peak of $2.08 in the past seven days.
This shows large interest from investors. While Arbitrum has seen some recent losses, it is still up 24.0% on the weekly chart. Also, it has increased 77.4% in the past month. If this price momentum continues, the Arbitrum coin could rise to $3.
Pullix (PLX) Trading Volume Skyrockets As It Sells 9M Tokens
Pullix (PLX) trading volume has increased in the past month, thanks to the influx of users to the project. The project has sold over 60 million tokens and has raised over $3.2 million in presale. Do you want to learn more about Pullix?
This top DeFi project has outlined plans to mix the best parts of CeFi and DeFi into a single hybrid platform. As a result, Pullix offers faster transactions. Transactions happen outside the blockchain, letting people trade fast without having to worry about prices changing.
One great thing about Pullix is its ‘copy trading’ feature that is built with artificial intelligence. This lets people copy the trades of experts, which can result in more profits for everyone. Pullix is also moving into large markets like forex, commodities, ETFs, and more. This will probably make more people trade on Pullix, increasing the use of the PLX token.
In its sixth presale stage, the PLX coin costs only $0.08. Having PLX tokens is more than just owning a regular exchange token; people who hold PLX can get part of the daily profits made by the exchange, and they can earn extra rewards from staking.
You can also trade them for other digital money or turn them into normal cash. Because Pullix has so many things going on for it, experts are saying that the DeFi coin price will go up to $0.1 in early 2024.
In Conclusion
Cardano price outlook seems bullish. Also, Arbitrum could follow suit as its trading volume continues to increase. Meanwhile, Pullix DeFi coin price currently sits at $0.08, a good bargain for investors looking for a bullish project to join.
For more information regarding Pullix’s presale see links below:
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