Ethereum (ETH) could reach a new all-time high of $5,000 however analysts project that this can only happen in 2025. Solana (SOL), on the other hand, has retraced in value following its recent upswing and now trades at $59. For the time being, another crypto that’s gained significant attention is Pullix (PLX), which can completely change the TradFi space with an innovative approach.
Solana (SOL) Experiences Price Correction Despite 333.5% Growth
Solana (SOL) recently saw a major price correction as it moved down in value to $59. The cryptocurrency began the year strong, where Solana grew from $8 to a peak value of $61.29 before correcting. The recent retrace from the October high is not too significant.
With its impressive market cap of $25,296,290,926 and a trading volume of $1,675,035,225, the Solana network has showcased no signs of slowing down, and the total price increase this year is still at 333.5%. According to the latest Solana price prediction, it can reach as high as $65.18 by the time the year ends.
Ethereum (ETH) to Spike As High as $5,000 by 2025
Ethereum (ETH) has broken past the $2,000 price barrier and is now heading towards even more gains. This cryptocurrency has showcased impressive resilience following the market crash that occurred in 2022, and it has made a 70% price increase during 2023 so far, making Ethereum one of the highest-growing altcoins.
Analysts are now bullish on the future of Ethereum, with some of them pointing towards a price increase between $4,800 and $5,000. One such analyst is using the TradingView handle FieryTrading.
According to the analyst, the Ethereum price prediction of $5,000 will become a reality by 2025. Based on the data, the crypto is showcasing a very decent long-term trade.
Pullix (PLX) to Introduce a Token-Burning Mechanism
While Solana is down, and Ethereum’s growth is still far out into 2025, Pullix (PLX) has picked up the most significant attention.
This will be the world’s first community-backed exchange that will provide users with seamless access to all assets, not just cryptocurrency, 24/7. Alongside this, any holder of the PLX crypto will get access to the platform’s daily profits.
With PLX, users can gain access to cashback, distribution of rewards and additional promotional offers. The ecosystem will also include a token-burning mechanism at the end of each month in order to maintain the stability of the value of the cryptocurrency as much as possible. By implementing its blockchain infrastructure, all of the transactions, trades, and interactions are also completely encrypted. Anyone can stake the crypto or stake other cryptocurrencies, such as BTC, ETH, or DOGE, in order to engage in the multi-currency staking process completely.
Crypto can also be used as collateral and trade OTC derivatives without KYC. This opens up the market to far more people who would otherwise not be able to access it, solving a key issue in the industry. Now, the project is undergoing its initial presale period, where it trades at just $0.04. According to analysts, the PLX cryptocurrency has the potential to climb 100x following its listing on major exchanges at launch.
For more information regarding Pullix’s presale see links below:
*This article was paid for Cryptonomist did not write the article or test the platform.