Arthur Hayes, a top figure in the crypto space, has made a bold prediction, suggesting that Solana’s price could soar to $150. Adding to the news, whales are interested in two altcoins: Ripple and Pullix. Keep reading to know why.
Solana (SOL) Skyrockets Pass $80, Analyst Forecasts Rise To $150
Crypto analyst Arthur Hayes has weighed in on Solana’s latest price surge in the past two days. Solana, according to Hayes, is on its way to $150. The Solana price has surpassed $100 after rising 20.3% in the previous week.
This price increase has boosted Solana’s market valuation. Solana coin is the fifth largest cryptocurrency, having a market cap of $54.74 billion, according to CoinMarketCap. This market capitalization puts SOL ahead of Ripple, which is ranked sixth.
Meanwhile, Solana’s recent accomplishment transcends the cryptosphere. In terms of market valuation, it has also surpassed significant corporations such as Spotify and Electronic Arts.
The token is one of the top performing coins in the second half of 2023 despite its collapse in 2022. If the altcoin maintains this price momentum, it could soar to the $100 level in the coming weeks.
Ripple (XRP): Whales Move XRP Tokens To CEXs
Although Solana has flipped Ripple (XRP) in terms of market cap, the token still remains in the spotlight. Ripple recorded big whale transfers on Thursday, according to Whale Alert. Data from Whale Alert showed a movement of 62.6 million XRP to CEXs Bitstamp, Bitso, and Bybit.
On the other hand, Ripple transferred a whopping 120 million XRP to an unknown wallet. The cause of the increased whale transfer to CEXs is uncertain. Some feel the whales are poised to dump the coins, while others believe the opposite. Because of the uncertainty, investors are looking for the next best crypto investment.
Ripple XRP is trading in a straight line between $0.586728 and $0.640027. The token had succumbed to the market’s recent price drop. Nonetheless, observers remain optimistic about the Ripple coin. They forecasted a 30.91% increase in Ripple, with the coin set to hit $0.80549.
Whales Tip Pullix (PLX) As the Best Crypto Investment
In addition to Ripple, Pullix (PLX) has also witnessed its share of whale activities. Whales have been snatching up bags and bags of PLX tokens as they are bullish about its prospects and expect prices to rise soon. Why has Pullix generated whale interest?
Pullix is the first peer-to-peer DeFi exchange that bridges crypto to the global finance market. It is more liquid and cheaper than its competitors. This is possible because Pullix draws liquidity from the forex and OTC commodity markets.
Interestingly, this liquidity could boost its trading volume, the demand for PLX, and its value. Besides, the platform’s rapid off-chain order book processes trade quickly. This gives investors institutional-grade liquidity and little slippage.
Additionally, Pullix also has AI-powered copy swapping, a unique feature where users can earn more income. All they have to do is copy the trades of professionals and experts in the ecosystem. However, you need to have the PLX token to enjoy these features. Luckily, Pullix is having its initial presale, and the ERC20 token costs $0.07.
The PLX token has many benefits. PLX holders receive a percentage of the trading exchange’s daily earnings and are eligible for staking rewards. Another benefit is that your PLX token is not tied down. It can be exchanged for other cryptocurrencies or fiat currencies. As a result, analysts expect the price to rise to $0.10 in January 2024.
End Note
Whales who missed out on Solana have been doubling down on the ERC20 token, Pullix. The project’s launch is just a few weeks away, and its listing on top exchanges could spark a major price rally.
For more information regarding Pullix’s presale see links below: