Recently, Layer2 networks such as Arbitrum and Polygon have been losing their popularity in the crypto market. Traders and investors have been moving to Ethereum tokens such as Pullix which have higher potential returns. Experts who cover Pullix have a positive outlook on the stock and expect it to hit $1 after its trading platform goes live.
Arbitrum (ARB) Price Reaches New Low
Arbitrum (ARB) is on a downtrend. Information from CoinMarketCap shows Arbitrum price has dipped on the weekly, bi-weekly, and monthly levels. The cryptocurrency even dropped to an all-time low of $0.4317 on August 4th because of this bear pressure.
Frumza says the value of the Arbitrum coin could rise to $0.85 in the coming weeks. Nevertheless, this will be subject to the general market sentiment. Coincodex also has a bullish Arbitrum prediction.
They forecast the price of the cryptocurrency might rise to $1.819854 by November. In the meantime, the value of Arbitrum fluctuates between $0.4 and $0.6 on the monthly chart. Its market cap is also around the $1.25-2.75 billion range.
Polygon (MATIC) Bearish Ahead of POL Migration
Despite the upcoming migration of MATIC to the POL token on September 4th, negative sentiment is still high in the Polygon (MATIC) market. Price info from CoinMarketCap shows Polygon coin trading between $0.38 and $0.5 on the monthly chart.
Within this period, the coin’s market valuation has dropped from a peak of $5.1 billion in July to a low of $3.7 billion in September. Moving ahead, ZAYKCharts forecast the price of Polygon MATIC could skyrocket soon.
He told his followers the cryptocurrency is about to make a recovery. ZAYKCharts posted a chart on X which showed Polygon crypto price soaring to $1.5. This recovery could be fueled by the recent token migration on the network.
The Crypto Space Show Excitement for Pullix’s Trading Platform
Since the beginning of its presale last year, Pullix captured the eyes of the crypto world. This helped the project to achieve over $8 million in funding and even attracted over 10k holders. Also, to this date, the Pullix token has appreciated by more than 300% and experts have predicted it to touch $1 in 2025.
The crypto world highly anticipates the trading platform from Pullix to go live in the next few weeks. Investors will be able to trade cryptocurrencies like Arbitrum and Polygon on this platform, forex, commodities, indices, etc. Two other reasons why Pullix is a good trading platform are the lack of KYC requirements and its revenue-sharing approach.
Traders don’t need to submit personal details to trade on Pullix. All they need is an email and a wallet. Also, there is a revenue sharing model with those who own the platform’s PLX token getting a share of the revenue. PLX holders can stake their coins to earn even more with up to 45% APY currently on offer.
In Conclusion
Investors are turning to the Ethereum coins such as Pullix due to their high future returns and benefits. Analysts forecast the price of Pullix will increase by 20x as anticipation builds ahead of its live trading launch. Also, those who have the Pullix coin can stake it for rewards and can enjoy revenue from the Pullix trading platform.
For more information regarding Pullix see links below:
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.