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11 months ago
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ARTICLE AD BOX
Ethereum, the most valuable altcoin by market capitalization, reached an all-time high of $4,891.70 in November 2021. While some investors profited from the demonstration, the great majority did not. Fortunately, there are low-cap DeFi tokens such as Injective, Arbitrum, and Pullix with great growth potential.
Is it Too Late To Invest in Ethereum (ETH)?
Ethereum (ETH) is the second largest asset in the crypto space. It has a market cap of $277 billion. As of 2021, the token peaked at $4,891 amid the market rally. Those who joined the rally saw massive gains.
However, the Ethereum price movement in the past few years has been disappointing. Fortunately, the token gained momentum in the H2 of 2023 and rallied past the $2,000 mark.
Ethereum is trading between $2,161.29 and $2,384.93 in the second week of December. There is a chance that an Ethereum ETF will launch soon. If this happens, the Ethereum price could surpass its 2021 peak to new highs.
Injective (INJ) Soars 2,360%
Since January, Injective (INJ) has been on a major bull run. As the Injective coin rose, it broke through two important resistance levels, one diagonal and one horizontal. In October, the rate of this rising trend accelerated. This was the point at which the Injective coin surpassed the horizontal resistance zone.
The Injective price reached a new all-time high of $32.20 in December. This marks a massive increase of 2,360% since the beginning of 2023. Also, the Injective market cap has risen to $2.7 billion, making it the 31st largest coin.
Arbitrum (ARB) Regains Bullish Momentum
Arbitrum (ARB) is another low-cap defi darling with bullish prospects. Early this year, the token rose to an all-time high of $11.80 in March due to high network activity. One reason for the rise was the Arbitrum coin airdrop. However, the sell-off that followed pushed the token below $1.
Surprisingly, Arbitrum is back in the crypto race and has risen above the $1 mark. With the next market bull approaching, the Arbitrum coin can increase to its previous highs.
The Pullix (PLX), the Best Cryptocurrency for Ethereum-Like Growth
Pullix (PLX) is the world’s first community-backed exchange and Trade-to-Earn token. It allows users to trade various assets, including cryptocurrencies, from one platform. One attractive feature of the platform is the DeFi swap. This swap simplifies token trading with minimal fees.
Within Pullix Swap, orders and trades are fast as the platform uses an automated market maker model (AMM). In this model, trading happens against a liquidity pool. This removes the need for a direct match with another user on an order book. As a result, users can swap their tokens fast and at low fees.
Pullix has taken steps to stabilize its native token. Firstly, a portion of the exchange earnings (10%-30%) will be used to support the $PLX token. The fixed supply of $PLX tokens also helps to check against unchecked inflation.
The exchange has also scheduled periodic token burns to reduce PLX circulating supply. The aim is to increase scarcity and enhance the token’s value over time. As a result, Pullix’s native token, PLX, is among the best cryptocurrency investments to consider in the market. The token is currently in the first phase of its presale and is priced at only $0.04.
Conclusion
One major advantage of low market cap DeFi tokens is their high chance of massive growth. The situation is even better for projects like Pullix at the presale stage. While Injective and Arbitrum have had their bull run, Pullix is a new leaf. Mirroring Ethereum’s price rally will take its price to a high level. The next market rally will be its first bull run. As a result, there are high chances for a meteoric rally.
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