Ripple (XRP) is losing momentum as the cryptocurrency recently struggled to break out of a critical resistance level at $0.64. After the crypto comes close to this point, it consistently faces rejection and drops further down.
As a result, this has highlighted a strong liquidation point. Pullix (PLX), on the other hand, is seeing major success as it introduces various ecosystem elements that can evolve the TradFi space, providing access to investors to generate a passive income. Today, we will review the performance of both projects to see which one can supply far higher ROI.
Ripple (XRP) Got Rejected at $0.61 – Can It Push Ahead Before 2023 Ends?
Ripple (XRP) is trading in a narrow space, where its value moved from $0.53 to $0.57 for a prolonged time before eventually breaking out at $0.60. It saw a jump of 8% before facing rejection at $0.61. The Ripple coin traded sideways the following week, adding just 17% to its value.
This was a point in time when Ripple broke towards the $0.63 range before correcting back down again. Its MACD displays a neutral trend, which is an indication of uncertainty in its future price actions.
A major analyst, DustyBC Crypto News, urged viewers to remain committed to the crypto despite this volatile level of performance, which pushes some confidence in its future. Based on the current Ripple price prediction, it can grow as high as $0.6239 by the end of 2023.
Pullix (PLX) Will Introduce Multi-Currency Staking With 18% APR
While Ripple struggles to maintain its momentum and breach above the $0.64 price barrier, Pullix (PLX) can experience significant growth. This upcoming exchange platform will open all markets and make them available at any point in time, all from a single account, including cryptocurrencies. It’s a self-custodial, community-based exchange that will enable users to retain full control of their private keys.
The platform will include its cryptocurrency, PLX, which will feature a token burn feature on a monthly level to maintain stability. Holding the crypto provides various benefits to traders, such as access to the daily revenues generated by the platform. They can also stake PLX to gain access to passive income, users can gain access to real-time community engagement and utilize platforms such as Discord and Telegram.
Another part of the broader Pullix ecosystem entails the Copy Trader infrastructure. Here, beginner investors have the opportunity to copy the trades made by the best investors out there and, as a result, can amplify the performance of their portfolio.
There is also access to OTC derivatives, with leverage up to 1000:1. There is multi-currency staking, where anyone can get fixed monthly passive income up to 18% APR. The PLX cryptocurrency is offered at just $0.04 during the presale phase. Upon its launch and listing on top Tier-1 exchanges, analysts project that it can spike in value by 3,000%.
For more information regarding Pullix’s presale see links below: