JPMorgan’s head of global market strategy, Nikolaos Panigirtzoglou, recently expressed positive sentiments about Binance’s settlement. He emphasized it as a pivotal moment that could cause a positive shift in cryptocurrencies.
In the wake of this positive news, tokens like Shiba Inu (SHIB), Pepe (PEPE), and Pullix (PLX) are capturing global attention as they anticipate a surge in value.
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Shiba Inu (SHIB): Burn Rate Goes Up 500,000%
Shiba Inu (SHIB), renowned for its vibrant community and meme-inspired nature, has been on many traders’ radar. The Shiba Inu coin is currently displaying significant bullish momentum, as evidenced by recent data from Shibburn. The platform recorded an extraordinary surge of 499,416% on November 27th.
Afterward, the Shiba Inu price experienced a rise from $0.0000083 to $0.0000084 with a market cap of $4B. SHIB is currently trading above its 21-day EMA, indicating a positive price trajectory trend.
According to experts, the favorable regulatory shift from the Binance settlement and continuous developments may cause the Shiba Inu price to reach $0.000009 by December 2023. This Shiba Inu price prediction signals optimism within the market for potential future gains.
Pepe (PEPE): On Track Towards a $500M Market Cap
Pepe (PEPE), another meme token, has been gaining traction among enthusiasts, hinting at potential bullish trends. The Pepe coin has recently been on a steady resurgence, with its market cap witnessing a remarkable surge. CoinMarketCap data shows that it is currently sitting at approximately $453M in November 2023.
This substantial increase has led the crypto community to anticipate that Pepe is well on its way to crossing the $500M mark, signifying a revival for the token.
The Pepe price performance has taken a dip recently, falling from $0.000001206 on November 20th to $0.000001084 on November 27th. However, the Fear & Greed Index indicates a 66 (Greed) sentiment for Pepe. This reflects positive market sentiment and growing investor interest.
Analysts have taken these factors into account when making their Pepe price predictions. They predict a potential rise in its price to $0.000001 before 2023 ends, as positive regulatory developments are still anticipated.
Pullix (PLX): An Innovative Force
One of the most intriguing cryptos in the market is Pullix (PLX). Positioned as the world’s first community-backed exchange, Pullix will become an innovative force in the online trading sector. It aims to accomplish this by enabling access to global markets for all assets, not just cryptocurrencies.
Countless individuals have found this appealing as they are flooding its presale to obtain its native token, PLX. It is now worth just $0.04. But this is just the initial price. Once the presale gains traction – its value will go through the roof.
Holding this token is vital in the Pullix ecosystem. For example, if you desire passive income, know that PLX holders will receive a share of each transaction made on the exchange. Pullix will even implement a burn mechanism at the end of each month, causing the value of PLX to rise – an excellent feature for long-term holders.
Compared to Shiba Inu and Pepe, Pullix boasts a lower market cap of $8M. In other words, it will need far fewer new funds to see value appreciation. It also has real-world utility and connections to many booming markets, such as the OTC derivatives. ISDA reports that this market’s notional value was $618T by December 2022.
The combination of all these factors has made analysts predict a 500% growth for PLX after it hits exchanges. This may seem like a lot, but know that CoinMarketCap data shows that OKB has had a 3,530% ROI since its launch. Pullix will have the same potential, causing many traders to take note.
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