Shiba Inu is one of the best-performing cryptocurrencies of all time. Created as a Dogecoin rival, the meme coin quickly gained traction in 2021, during which it hit an all-time high of $0.00008845. However, Shiba Inu has since crashed by over 60%. Consequently, experts are now looking at innovative new projects such as Pullix, which is expected to recreate Shiba Inu’s famous 2021 rise in 2024.
Can Shiba Inu Return to Its 2021 Highs?
Shiba Inu has started 2024 with a strong performance. Since the end of February, SHIB tokens have experienced consecutive price gains, taking Shiba Inu to its highest price in two years.
Presently, Shiba Inu is trading at $0.00002942 and has increased in value by 206% in the last 30 days. This makes SHIB one of the market’s top-performing cryptocurrencies. However, SHIB is still down by 66.84% from its all-time high.
The main reason behind this decrease is the 2022 to 2023 bull market. During this period, Shiba Inu experienced significant price declines, and many SHIB token holders sold their tokens. Nonetheless, the meme coin is recovering.
Over the last year, Shiba Inu has launched several new initiatives, including a layer two platform called Shibarium, and an exclusive Shiba Inu magazine. Both of these developments have helped expand the Shiba Inu ecosystem, and experts now believe that SHIB could soar in Q2.
Due to its recent growth, Shiba Inu is also gaining on Dogecoin. Currently, Shiba Inu is ranked the 12th largest cryptocurrency by market cap, with Dogecoin being ranked number 8. If Shiba Inu can continue to scale, experts believe the meme coin could topple Dogecoin in 2024. As a result, many investors are bullish about SHIB.
Pullix Looks To Replicate The 2021 SHIB Surge
Pullix is an innovative DeFi project taking the market by storm. This community-driven exchange gives investors the opportunity to trade DeFi and traditional finance asset classes, all while utilizing AI tools. The Pullix platform uses OpenAI to power lucrative trading tools, thus enhancing the trading experience while maximizing potential income opportunities.
As part of its community approach, Pullix ($PLX) will grant token holders the opportunity to suggest new asset classes to create a more tailored experience. Furthermore, token holders will earn a percentage of Pullix’s daily profits, thus making $PLX a great investment opportunity.
To further support its focus on community, Pullix investors will be granted access to Telegram channels and Discord channels. These channels are designed to help investors network, share trading strategies, and become part of a larger community.
As part of the Pullix platform, investors will have access to over 500 assets, yield farming opportunities, and 24/7 customer support. Investors can also get a 25% welcome bonus when signing up to the platform.
One of the most interesting features about Pullix is its lack of KYC requirements. Investors can simply create an account without needing to give over personal data. This creates a much-needed sense of freedom, which has already made the platform extremely popular.
For more information about Pullix use the details below:
Website: https://pullix.io/
Twitter: https://twitter.com/pullixmarkets
Telegram: https://t.me/pullixmarkets
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