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Arweave and Injective prices rise as Pullix token sale thrives

By:  & 
on Feb 28, 2024
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  • Pullix has raised over $8.3 million in its highly successful token sale.
  • Arweave token went parabolic as the number of transactions in its ecosystem jumped.
  • Injective is doing well as Helix, a DEX in its ecosystem, gains market share.

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Cryptocurrency prices continued soaring this week as retail and institutional investors continued moving to Bitcoin ETFs. This performance may continue because these coins have the momentum and since investors have become greedy. The Fear of Missing Out (FOMO) has moved into the market. This article examines Arweave (AR), Injective (INJ), and Pullix (PLX) and what to expect next.

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Pullix token sale continues

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Pullix, an upcoming cryptocurrency, is thriving during this crypto bull run as investors look for the next big thing in the crypto industry. The developers have already raised over $8.3 million in the past few months making it one of the best-performing sales of the year. They have sold over 2.1 million tokens representing about 21% of the total tokens scheduled. 

Pullix’s token sale accelerated recently as investors cheered an important Uniswap proposal to reward its token holders. That proposal led many to invest in DEX tokens like dYdX, Synthetix, and PancakeSwap.

It also pushed them to invest in a token like Pullix, which aims to become a leading exchange in the crypto industry. Its main differentiating factor is the fact that Pullix will be at the intersection of a centralised and a decentralized exchange.

By combining the two, the developers aim to remove the challenges that face DEX and CEX exchanges. For example, their aim is to increase liquidity, leading to lower transaction fees for crypto traders. Further, Pullix will have a feature that will reward the PLX token holders and give them discounts.

Pullix is expected to debut its token un Uniswap on March 4th of this year followed by BitMart three days later.

Arweave price forecast

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Arweave price

Arweave has emerged as one of the best-performing cryptocurrencies this week. It has soared in the past five days and reached its highest point since May 2022. On the daily chart, we see that the AR token price has flipped important resistance levels into support. For example, it recently crossed the crucial point at $11.62, its highest swing in December.

It has also moved above the important psychological point at $20 this week, signaling that bulls are in control. Along the way, the coin has remained above all moving averages, which is a bullish thing. The MACD and other oscillators have continued rising.

Therefore, it seems like Arweave has a strong momentum and that it could continue rising as buyers target the next psychological point at $25. However, a brief pullback cannot be ruled out as some investors start to take profits.

Injective price prediction

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Injective’s (INJ) token price has also done well in the past few days. It has risen in the past five days straight and moved above the descending trendline shown in black. The token has remained above the ascending trendline that connects the lowest levels since January 3rd.

Injective has remained above the 50-day and 25-day moving averages while the MACD indicator has flipped the zero line. The Stochastic Oscillator has moved to the overbought point. 

Most importantly, it has formed a bullish pennant pattern, which is a popular sign of a bullish continuation. Therefore, the INJ token price will likely continue rising as bulls target its all-time high of $45.20. A move above that level will open the possibility of the coin soaring to the psychological point at $50.

Injective price

INJ chart by TradingView

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