Injective (INJ) Releases Gas Compression, Ripple (XRP) and Pullix (PLX) Potential Price Trajectory (crypto-news-flash)
A new feature introduced on Injective will lower gas costs and improve user satisfaction. Investors are paying attention to Pullix and Ripple’s pricing in the meantime. To determine which is a good crypto to buy now, let’s examine the price movements of these two coins in the future.
Injective (INJ) To Lower Gas Fees Using Gas Compression
A recent blog post states that Injective (INJ) has introduced gas compression. This is a new feature that provides users with very cheap transaction fees. This is aimed at attracting more users to the platform.Â
With transaction prices of roughly $0.0003, Injective is now the cheapest option among layer-1 networks. It has even lower fees than Solana, which charges $0.0045. Users can participate in dApps, lending, mint NFTs, and staking without large fees.
Meanwhile, the Injective coin, which saw a 2,700% price surge in 2022, is now down. It trades between $30.68 and $39.82, with a year-to-date gain of 1,624.4%.
Ripple (XRP) Price PredictionÂ
A crypto analyst, JD, has shared a bearish prediction for Ripple (XRP). The analyst predicted Ripple’s next move by considering more falls. JD believes the digital asset may create a weekly “hidden bullish divergence”.Â
His chart shows Ripple advancing towards the triangle’s lower trendline. The analyst’s chart showed his November orange box, which overlaps the bottom trendline. He said the box is a good level for dollar-cost averaging (DCA) and could fall into it.Â
As a result, JD plans to begin a “buy-the-dip” campaign around $0.28 and $0.33 once the Ripple price reaches the box. He also listed $0.45, $0.51, and $0.59 for his DCA.Â
Pullix (PLX) Targeting the $1 Level in Q1
Pullix (PLX) is a hybrid trading platform combining the best centralized and decentralized exchanges. It will allow users to trade various assets, including cryptocurrencies, ETFs, stocks, indices, commodities, and cryptocurrencies.
One exciting feature of Pullix is its AI-powered copy trading tool. This allows traders to replicate the strategies of successful experts, increasing their chances of profitable trades.
PLX, an ERC20 token, is very central to the platform. It has a number of uses, such as staking, and also grants holders access to passive earning features. The PLX token has recently risen by 100%, leaving the others in the crypto market behind. The launch of the exchange in Q1 2024 will give rise to increased opportunities for growth for the PLX token.
For now, the PLX token price is $0.08, but crypto experts believe that in the near future, it will rise to $0.1. For those looking for significant gains this year, PLX is being recommended as a good crypto to buy. It looks like a promising possibility for an increase in the price, and that’s why it can be considered one of the strong contenders to reach $1 before the end of 2024.
Conclusion
Even though Injective and Ripple have had the previous month’s losses, Pullix’s ERC20 token has already reached an upward trend. It has pumped 100% thus far and may continue growing in the coming weeks.
With the increasing institutional interest in cryptocurrencies, Pullix’s hybrid platform will become one of the best places to trade assets. This element will have a bullish impact on its native token upon the launch of the trading platform.
For more information regarding Pullix’s presale see links below:
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