A new token has recently emerged, capturing the attention of whales within the realms of Bitcoin (BTC) and Chainlink (LINK). This under-the-radar token has quietly but significantly attracted the interest of countless whales. This article will unveil the fascinating narrative behind this newfound token and why it has managed to captivate the curiosity of these major players.
Bitcoin (BTC): Challenge in Hitting the $50,000 Mark
Renowned social media trader Titan of Crypto predicted Bitcoin (BTC) would achieve a pre-halving price milestone of $50,000. However, the current market landscape presents notable obstacles to reaching this Bitcoin price. With Bitcoin trading at $37,751.61, realizing the projected value necessitates a substantial 32% surge – an achievable yet challenging task.
The challenge lies not only in price but also in market cap. Bitcoin would need to escalate from its current market cap of $738B to $977B. This journey might pose considerable difficulty, given the market dynamics.
While the Bitcoin price prediction signals optimism, actualizing this $50,000 valuation may prove difficult. Because of this, Bitcoin whales are looking at different ways to profit.
Chainlink (LINK): May Not Reach $32.40 Projection
Similarly, DigitalCoinPrice predicted that Chainlink (LINK) may reach $32.40 before 2023 ends. However, many market challenges prevent the Chainlink price from hitting this level. With Chainlink presently trading at $14.76, achieving the projected $32.40 target entails a remarkable 119% surge within one month. This is a tough task for any cryptocurrency.
Chainlink has also not reached the $30 level since 2021. If we look at its market cap, we can deduce that this prediction may not occur. Chainlink’s market cap would need to increase from its current $8.2B to $17B. This is a 116% increase that must happen in a month.
Due to all these reasons, this Chainlink price prediction may not come true. Thus, whales explore other tokens, signaling a shift away from LINK.
Pullix (PLX): Attracting Attention
As Bitcoin and Chainlink face challenges in reaching towering prices and colossal market caps, one project that will not face these challenges is Pullix ($PLX). This project will stand out by introducing a unique exchange where you can trade all assets (including crypto) in complete privacy, as no KYC is required.
Priced at just $0.04 per $PLX token with a market cap of $8M, Pullix showcases the potential for significant growth without necessitating an overwhelming inflow of new funds. But keep in mind that it is in its presale phase and that its price will continue rising. Plus, holding the $PLX token will give you a percentage of each transaction when the platform launches.
Its association with the OTC derivatives market, which reached a $20.7T value as reported by bis.org, signals promising prospects for Pullix’s sustained long-term growth. In other words, Pullix may rise faster and higher than Bitcoin and Chainlink.
This modest valuation and real-world market ties position PLX as an attractive option if you are seeking high returns while the crypto giants struggle.