Given the various bullish developments in the crypto landscape, the most notable ones are those involving Ripple (XRP), Ethereum (ETH), and Pullix (PLX). In the Ripple ecosystem, it was recently added to the Central Bank of Ireland’s register as a virtual asset service provider. Meanwhile, a prominent crypto analyst anticipates Ethereum’s $3,500 target.
More importantly, Pullix, a new ICO hailed as the best cryptocurrency investment, is aiming for $1 after its launch. This post will cover these developments. Let’s begin.
Ripple (XRP): Significant Achievement
In the latest Ripple news, the Central Bank of Ireland added Ripple’s Irish subsidiary to its list of registered virtual asset service providers (VASPs). This decision will allow Ripple to provide certain digital asset services within the country. Further, Ripple will also seek to provide services to clients across the European Economic Area the following year.
This bullish development is expected to contribute to the rise in the price of the XRP Ripple in the long term. This is because it will give more exposure to the cryptocurrency, which will potentially result in demand.
The XRP Ripple price is currently above $0.62. It appears to be gaining momentum, and we might see $0.7 before the year comes to an end.
Pullix (PLX): $1 After Launch
Pullix (PLX) is a new market entrant aiming to address several challenges in the DeFi world. It is a new trading exchange that stands at the intersection of decentralized and centralized exchanges. It will combine the strength of both, which will make it a force to be reckoned with. With its adoption imminent, investors have been positioning themselves, aiming to ride its bullish wave.
The problems it aims to solve include low liquidity, costs, a lack of transparency, limited assets, and regulatory ambiguities. To improve liquidity, it will incentivize users and partner with institutional liquidity providers.
Further, the exchange will allow the trading of various asset types from one account, e.g., gold, forex pairs, shares, cryptocurrency, etc., all at 0% commission. More importantly, the platform will be permissionless, allowing users to trade freely without giving up custody of assets.
Another standout feature is that it will be the first trade-to-earn cryptocurrency. As a user, you will earn instant rewards for trading on the platform and completing challenges. This will be a game-changer, positioning it as the best cryptocurrency investment.
The presale is in its third stage, and a token is priced at $0.044. With analysts predicting a rise to $1 after launch, it is the best crypto to invest in.
Ethereum (ETH): Road to $3,500
Ethereum (ETH) is a blue-chip token and the second-largest crypto by market cap. It plays one of the biggest roles in the crypto scene, involving DeFi solutions. Its blockchain and smart contract platform has become the most sought-after in the blockchain space.
In recent Ethereum news, a crypto analyst, Ali, predicts ETH’s next target to be $3,500. According to his forecast, it is currently retesting its breakout zone, which suggests a further climb. He sees ETH reaching $3,500 as a higher target.
The Ethereum price today is above $2,200 and has been gaining momentum. With days left before the year comes to an end, Ethereum is aiming to end it on a high note.
Conclusion
The latest Ripple development positions it for more future exposure, which is a welcome development. Meanwhile, according to an analyst, Ethereum will be hitting $3,500 soon. On the other hand, Pullix is expected to reach $1 after launch, making it a good crypto to buy.
For more information regarding the Pullix presale see links below:
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