Solana Experiences Price Correction – Ethereum Sets Next Price Target, Pullix Introduces Token Burn Mechanism

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Ethereum (ETH) could reach an all-time high of $5,000, but analysts predict this could only happen in 2025. On the other hand, Solana (SOL) has recovered in value following the recent uptrend and is currently trading at $59. Another cryptocurrency that is gaining a lot of attention for the time being is Pullix (PLX), which could completely change the TradFi space with its innovative approach.

Solana (SOL) Experiences Price Correction Despite 333.5% Growth

Solana (SOL) recently underwent a major price correction, dropping its value to $59. The cryptocurrency started the year strong, with Solana growing from $8 to a peak valuation of $61.29 before adjustments. The retracement from the recent October high is less significant.

With an impressive market capitalization of $25,296,290,926 and trading volume of $1,675,035,225, Solana Network has shown no signs of slowing down, and its total price increase for the year is still 333.5%. According to the latest Solana price predictions, it could reach as high as $65.18 by the end of the year.

Ethereum (ETH) surges to $5,000 by 2025

Ethereum (ETH) has surpassed the $2,000 price barrier and is now headed for further upside. The cryptocurrency has shown impressive resilience following the market crash that occurred in 2022, with its price increasing 70% so far in 2023, making Ethereum one of the fastest-growing altcoins.

Analysts are now optimistic about the future of Ethereum, with some pointing to a price increase between $4,800 and $5,000. One such analyst goes by the TradingView handle FieryTrading.

According to analysts, the Ethereum price prediction of $5,000 will become a reality by 2025. Based on data, cryptocurrencies are showing very good long-term trading.

Pullix (PLX) introduces token burn mechanism

With Solana down and Ethereum’s growth still a long way off until 2025, Pullix (PLX) has garnered the most attention.

This will be the world’s first community-based exchange that provides users with seamless 24/7 access to all assets, not just cryptocurrencies. Along with this, any PLX cryptocurrency holder can access the platform’s daily profits.

PLX allows users to receive cashback, reward distribution and additional promotional benefits. The ecosystem also includes a token burn mechanism at the end of each month to maintain maximum stability of cryptocurrency value. By implementing blockchain infrastructure, all transactions, transactions, and interactions are also fully encrypted. Anyone can stake any cryptocurrency or stake other cryptocurrencies such as BTC, ETH or DOGE to fully participate in the multi-currency staking process.

Cryptocurrencies can also be used as collateral and OTC derivatives can be traded without KYC. This solves a major problem for the industry by opening up the market to a much wider audience that would otherwise not be able to reach it. Currently, the project is going through an initial pre-sale period and is trading for just $0.04. According to analysts, the PLX cryptocurrency has the potential to rise. 100 times Following listing on major exchanges upon launch

For more information on Pullix’s pre-sale, see the link below.

Visit Fullix

Join the Pullix Community

*This article was written in exchange for Cryptonomist not writing the article or testing the platform.