Dogecoin (DOGE) and Shiba Inu (SHIB) are two of the most popular meme coins in the industry and have recently seen decreases in their value, worrying investors. The on-chart data does showcase potential signs of recovery. In the meantime, Pullix (PLX) has seen exceptional performance with its blockchain ICO and could soon reach new heights. To see why this is the case, we will analyze each cryptocurrency in-depth.
Dogecoin (DOGE) Declines 15% – Are There Chances of Recovery?
Dogecoin (DOGE) experienced a total price decline of 15% during the past month, as the crypto fell into the red zone. From a high point of $0.087, the Dogecoin price fell to a low point of $0.077, and then support was found at the $0.080 range. Crypto analyst Ali Martinez recently analyzed the price performance of the cryptocurrency.
Ali noted how the crypto’s TD Sequential recently presented a buy signal on the 3-day chart. As long as the $0.074 support continues to hold, the Dogecoin crypto has a chance of rebounding to $0.100 or even higher. This showcases bullish momentum, and according to the Dogecoin price prediction, it can end 2024 at a value of $0.1345.
Pullix (PLX) to Feature NFT Launchpad and DeFi Ecosystem
Pullix (PLX) will create a vast ecosystem that can solve key liquidity and transparency issues that have hindered mainstream adoption for years. Through combining the best elements found in CEXs and DEXs, it can create an all-inclusive solution that can appeal to anyone. The platform can leverage blockchain technology to let users access yield farming.
This way, they can gain the ability to stake their crypto balance while also accessing liquidity provisions. Every user can begin trading perpetual futures, contract for differences (CFDs), and can even get access to the secure storage of their cryptocurrencies.
🦎 It's official – Pullix is now listed on CoinGecko! 🚀
Make sure to head on over and add Pullix to your watchlists!
Winner will be…
— Pullix (@Pullixmarkets) January 7, 2024
Alongside all of this, the DeFi Project will feature a dedicated NFT Launchpad and DeFi ecosystem that can provide users with additional investment possibilities. During Stage 6 of its presale, the PLX crypto is offered at just $0.08. At launch, analysts are projecting a major upswing by 80x, especially once it sees listing on Tier-1 exchanges.
Shiba Inu (SHIB) Fails to Maintain Bullish Momentum – Can It Find Support Soon?
Shiba Inu (SHIB) is another popular meme coin that recently stagnated as the cryptocurrency failed to maintain its bullish momentum. Finding support at the $0.0000095 level, the Shiba Inu price must recover to become a dominant force in the Web3 space.
The on-chart activity also suggests that the cryptocurrency is in a mild consolidation phase, where the bulls and bears are fighting over the Shiba Inu crypto direction. The meme coin has chances of recovery, assuming sellers do not pull the price down further and buyers begin accumulating it. According to the Shiba Inu price prediction, it can end 2024 at $0.000017.
Dogecoin and Shiba Inu are two of the most popular meme coins yet they recently struggled to maintain their value and momentum. In the meantime, presale-stage projects like Pullix are seeing significant spikes in activity and price with many experts predicting a 40x rise upon launch. As a result, they are finding their way in front of the eyes of traders and investors on a global scale.
For more information regarding Pullix’s presale see links below: