The large portion of the crypto market, including top crypto coins like Ethereum (ETH), is experiencing a tough start to 2024. However, despite the market decline, Ethereum price holds steady at the $2,200 level, thereby resulting in a growing demand from whales who see the current price as a good point of entry.
Meanwhile, Pullix (PLX) continues to gain recognition as its token presale progresses through the 7th stage. Notably, the upcoming crypto project is poised for significant growth upon listing on major exchanges; besides, it also possesses unique outstanding features that ranks its native PLX token among the best crypto to invest in 2024.
Whales Are Back on Ethereum (ETH) Again
Ethereum (ETH), a decentralized blockchain, has dropped by almost 20% this year since it peaked to $2,700 level on the 12th of January. At its current price range of $2,270, and $2,380, some whales have decided to purchase the dip, with notable one withdrawing $3,600 ETH from Binance, worth $8.9 million.
Lookonchain pointed out that this particular investor had made significant profits, believed to be approximately $25.8 million, in the past by purchasing ETH at lower prices and selling it at higher values. ETH whales buy more Ethereum since the prices are cheap, while some investors liquidate their holdings.
These whale moves are noteworthy, particularly in light of the growing pessimism in the cryptocurrency markets. For example, Ethereum’s weekly price chart range is between $2,270, and $2,380, displaying a little above 5% decrease.
So far, the Ethereum community has been expressing resilience even in a declining trend, as a positive outlook for ETH appears to reflect in the increased whale activity. These whale activities have been crucial in ETH’s struggle to maintain stability above the $2,200 support level this week.
Pullix (PLX) Surpasses $4 Million Milestone In Token Presale
Pullix (PLX) has garnered attention due to its exceptional performance during the cryptocurrency initial coin offering (ICO). During its ongoing presale which has just progressed to the 7th stage, Pullix has raised over $4.6 million. Thanks to the thousands of investors who have signed up to be part of the revolutionary project so far, Pullix’s outstanding performance in the ongoing token presale demonstrates a belief in the project’s potential for long-term growth.
Notably, Pullis gained a lot of popularity largely because of its potential to transform online trading. It will create the first hybrid trading platform in history, fusing the features of DEXs and CEXs. Following this novel strategy, all problems that previously impacted the market will be eliminated.
As an illustration, Pullix will feature zero percent trade commissions, eliminating the need for expensive trading expenses. In contrast to other exchanges, Pullix will allow users to trade various asset classes, including cryptocurrencies at near zero cost.
In the same vein, the native token–PLX– attracts attention as it gives the earliest investors approximately 150% return on their investment based on the current pricing. As a result, in stage 7, more than 407,259 PLX tokens have already been sold at $0.10, marking another good entry point as the presale progresses through new stages.
When it launches later in 2024, analysts anticipate even higher expansion considering the project’s potential to rank among the best new crypto projects to invest in. But that’s not even all the catch; members who participate in the ultimate $PLX Meme Contest stand a chance to win a $250 cash prize by completing a few tasks.
For more information regarding Pullix’s presale see links below:
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