Cosmos (ATOM) and Ripple (XRP) See Corrections: Pullix (PLX) Gains Momentum as Smart Investment

10 months ago 14

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Cosmos (ATOM) recently saw a price correction phase, and this occurred despite a growth in its broader ecosystem size, sparking many to diversify. Ripple (XRP) also initially started strong, but its growth has faded and is now facing difficulties. As a result, Pullix (PLX) has gained momentum as a smart investment that many traders are eying for diversification. We will go over them to see which one falls into the best DeFi projects category.

Pullix (PLX) Gains Momentum as a Smart Investment Following Its Upswing

Pullix (PLX) is an upcoming platform that will set new standards in the Web3 space by solving key issues found in CEXs and DEXs, and these include: high gas fees, slow transaction times, lack of liquidity and lack of transparency.

The platform will solve this by introducing a unique blend of features that will make it the first community-backed exchange to feature seamless integration of blockchain technology and as a result, it can feature a transparent trading experience.
Its PLX crypto will play a major role in solving liquidity issues as-well, as holders can stake it into liquidity pools and benefit from the platform’s growth by getting fixed monthly passive income.
Pullix as an exchange will also feature a deflationary model, and as a result, half of the PLX balance will be burned, which will result in a reduction of the supply and an increase in its value over time.

The other half will be given as a reward for ecosystem participants who contribute towards the liquidity of the ecosystem. The project is currently into its cryptocurrency ICO phase where it is offered at just $0.044 as its at Stage 3. These aspects make it one of the best DeFi projects.

Cosmos (ATOM) Dips to $10 – To Reach a Maximum Value of $12.14

Cosmos (ATOM) more than doubled in ecosystem size in the past 365 days. Based on an official report on X (Twitter), the Cosmos network grew by 102%, from 53 IBC-enabled chains in 2022 to 107 IBC-enabled chains.

The Cosmos price first encountered resistance at the $10 level during the week before surging even further to a maximum value of $12. Since then, it has corrected back to around the $10 level leading many to be uncertain about its future. The Relative Strength Index (RSI) and the Awesome Oscillator (AO) indicators are both above the mean levels on the weekly chart, yet, its future is volatile. According to the Cosmos price prediction it can only increase to $12.14 by the end of 2023.

Ripple (XRP) Experiences Price Correction After Facing Rejection at $0.7

Ripple (XRP) has recently experienced a price correction and has fallen into the red zone. Its value has retraced back to the 50-day EMA after facing rejection at the $0.7 level. If bears succeed, Ripple could trigger a negative sentiment, which could result in even further downward momentum.

During the past week, the Ripple crypto saw an upswing from $0.588979 to a maximum value of $0.640027. In the past year, it has seen an upswing of 67%, but it’s down 10% in the past two weeks. According to the Ripple price prediction it can reach $0.6861 by the end of 2023.

Summary

Cosmos is performing well, and Ripple could see a surge in the future. For the time being, Pullix has gained the most significant momentum and is seen as a smart investment. Many have begun to diversify with it during its cryptocurrency ICO phase, as at launch, analysts project an upswing of 100x.