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Investors tend to always look for market indicators that may point toward a potential bull run for a token they might be interested in. Shiba Inu (SHIB) is displaying a bullish indicator, given the recent spike in the burn rate of the popular meme coin.
Meanwhile, Pullix (PLX) pre-sale next phase is gaining more and more attention.
Supporters of Pullix (PLX) can take part in pre-sale and buy tokens here.
Bullish signals as Shiba Inu (SHIB) record significant spike in token burn rate
Recently, Shiba Inu (SHIB) recorded a significant spike in the token's burn rate. In the development, Shiba Inu underwent a 191% increase in its burn rate within a 24-hour time frame. Judging from the latest data from Shibburn, over 7.6 million tokens have been burned during that time frame, putting a significant dent in the Shiba Inu circulating supply.
According to experts, the goal of the Shibburn is to reduce the circulating supply of the token, thereby increasing scarcity and, by extension, the token's value.
Analysts project that the latest burn rate of the Shiba Inu may lead to a 500% rally for the token which could lead to massive ROI for the token holders. However, the latest burn rate of the token is yet to show a positive impact on the Shiba Inu price as it has gained slightly 4% in the past week.
Pullix (PLX) project garners momentum ahead of launch
Pullix (PLX) has witnessed a consistent uptrend so far in its presale phase. As a result, the PLX presale has recorded over 15,000 investors who've joined the project. The platform has also raised over $5 million in the ongoing presale.
Notably, the consistency shown by PLX, an ERC20 token, has been listed on CoinGecko, one of the biggest data aggregator platforms. While the PLX token has two more presale stages before launch, the groundwork has been set for a successful future, making it a good crypto investment alternative in the year.
At just $0.10, investors can purchase the PLX token, which harbors the potential of becoming the next blue-chip crypto. The platform is giving a 10% bonus to investors who purchase the token now.
The PLX token is the governance currency of the Pullix platform. In turn, the Pullix platform is a hybrid exchange that aims to combine the best features of both DeFi and CeFi exchanges to create a unique exchange platform on the blockchain.
As a trade-to-earn exchange, traders will earn a share of the profits generated from the Pullix platform in fulfillment of the platform's profit share model. Also, traders will be exposed to the option of trading multiple top cryptocurrencies such as Ethereum, Bitcoin, BNB, Shiba Inu, and more.
There is also a token burn feature that will ensure that all non purchased tokens are burned to increase the value of the PLX token. The platform is doing a giveaway in the form of a Meme Contest which will end soon. There will be a grand prize of $250, with the 2nd and 3rd runners-up getting $100 and $50, respectively. Overall, the Pullix platform is a revolutionary project that will change the way individuals trade on the blockchain.
For more information regarding Pullix’s presale see links below:
Arman Shirinyan
Dan Burgin
Alex Dovbnya
