Crypto Analyst Ali Charts, a major voice in the crypto space, has recently shared an optimistic forecast for Ethereum. He tipped the altcoin to reach $3,500. Alongside this, two DeFi projects, Shiba Inu and Pullix, have hit new milestones. Pullix has successfully reached stage 4 of its presale after initially launching in early December.
Ethereum (ETH) Price Forecast By Ali Charts
In a recent update on X, analyst Ali Charts discussed Ethereum’s (ETH) potential for further growth. He pointed out that Ethereum is currently retesting the breakout zone of an ascending triangle pattern. According to Ali, if Ethereum breaks out upwards from this triangle, it indicates a bullish trend. However, a downward breakout would suggest a bearish trend.
He interprets this retesting phase as a possible preparation for an upcoming rally. Ali said, “the price range between $2,150 and $1,900 could be the ideal zone for accumulation before ETH aims for a higher target of $3,500.”
Currently, Ethereum price has been static, hovering around the $2,200 level, showing signs of consolidation. Still, the alt coin is up 10.5% and 82.7% on the 30-day and 1-year timeframe, respectively.
Shiba Inu (SHIB) Shibarium Hits 150M Transaction
Shibarium, the Layer-2 network that underpins the Shiba Inu (SHIB) ecosystem, has reached 150 million transactions. Lucie, the Shiba Inu team’s marketing specialist, proudly shared this groundbreaking news on social media.
Her tweet emphasized the staggering total of 151,107,552 transactions. Shibarium processed 34 million transactions around a fortnight ago. Recent data shows a five-fold exponential growth in a short period of time.
Factors that could be responsible for the surge include rising user activity, development on the network, and Shibarium infrastructure stress testing. Meanwhile, the Shiba Inu coin has remained above the $0.00001000 price level. This has pushed the alt coin to gains of 2.0% and 23.5% on the 7-day and 30-day price chart.
Pullix (PLX) Raises $1 Million In Presale Stage
Pullix (PLX), a new ICO, has raised over $1M within a few weeks of its presale stage. Besides, the project has become the talk of the crypto town as more investors join it. In this article, we will look at three more components of the Pullix ecosystem. They include the VaultX, Lending protocol, and Swaps.
VaultX is an innovative platform offering where users can earn compound interest on their crypto holdings. Pullix gives you high Annual Percentage Yields (APYs) to earn more on your crypto portfolio.
Pullix DeFi Swap revolutionizes token trading with its low fees. The beauty of Pullix Swap lies in its fully decentralized nature, where trades are executed automatically through smart contracts.
Pullix is different to traditional exchanges in that it uses Automated Market Maker (AMM) principles. So this means that trades are conducted against a body of liquidity. Consequently, no direct match is needed with any other trader. This results in faster dealings and lower swap fees.
An additional level of functionality provided by the new ICO, Pullix, is its lending protocol. These comprise money markets for lending and borrowing.The good news is that interest rates are decided algorithmically based on supply and demand. As a result, you can be certain of receiving the finest rates.
Pullix has been voted as the best DeFi project in the market, ahead of Shiba Inu and Ethereum. Analysts believe its unique qualities position it up for increased adoption in the future. This increased adoption will benefit the price of its native token, PLX.
Pullix is currently in the third stage of its presale, with tokens starting at $0.044. Now is the perfect moment to join the project before the price goes up.