With the beginning of a new year, investors feel that the crypto market will be bullish in 2024. Therefore, they are looking to diversify their investment portfolios with growing cryptocurrencies. The most profitable crypto for 2024 is likely to be a new project, Pullix. Its unique business plan has garnered massive praise from investors, causing the presale to sell out fast with over 60million tokens sold in less than a month. On the contrary, Algorand (ALGO) and VeChain (VET) have taken a dip lately.
Algorand’s (ALGO) Latest Upgrade Boosts Its Adoption
A week ago, Algorand (ALGO) hit the headlines when its value reached a 42-week high. However, Algorand (ALGO) has failed to sustain its growth. In the past seven days, the market value of Algorand (ALGO) has fallen by more than 13%. Hence, the current trading price of Algorand (ALGO) is $0.20.
According to experts, the recently launched AlgoKit 1.8.2 upgrade has significantly helped the Algorand (ALGO) network. The upgrade comprises several development tools that will help app developers on the Algorand (ALGO) blockchain. This, in turn, can lead to more adoption of Algorand (ALGO).
VeChain (VET) Partners With BCG To Promote Sustainability
VeChain (VET) has been working on expanding its market size through new partnerships. In the latest event, VeChain (VET) has joined hands with BCG. Under this partnership, VeChain (VET) will try to encourage the mass adoption of Web3 without hurting the environment.
VeChain (VET) will deploy blockchain technology within industries that cause significant carbon emissions. Earlier, VeChain (VET) had announced its partnership with a Better Holiday Contest, where sustainable ideas were rewarded.
However, the past week has not been favorable to VeChain’s (VET) market value. In the last 7 days, the value of VeChain (VET) has declined by 16%. Therefore, VeChain (VET) currently trades at $0.0314.
Pullix’s (PLX) Presale Sees Significant Expansion
After losing about $2 billion in the 2022 market crash, crypto trading has regained its momentum in 2024. The industry is likely to grow further throughout the year, and a new trading platform is ready to grab this opportunity. Pullix is a novel crypto exchange that allows the trading of various assets. Moreover, you just need a single account to trade all assets on the platform.
This new crypto exchange addresses several issues that conventional trading platforms face. These are slow speed, regulatory issues, high transaction fees and limited transparency. This new crypto exchange offers a trading experience through its website. So, no need to download any additional software or app.
This makes sure the platform is accessible to all traders. Pullix is a privacy-friendly platform. Notably, all transactions on the platform are encrypted.
The platform has massive profitability as well. It does not levy any transaction fee, which makes it profitable for users. The platform also provides the option of high-leverage trading. Besides, the platform can convert staked tokens into liquidity. To provide seamless liquidity to its users, Pullix has partnered with tier-1 banks.
Thus, the demand for the project’s presale has skyrocketed. The presale phase of the platform is currently undergoing stage 6. At present, a PLX token costs $0.08, a 100% surge from its initial price of $0.04. Notably, experts anticipate that the platform will rise by 580% before the completion of the presale phase. Upon listing, the platform’s value can grow by 100x.
For more information regarding Pullix’s presale see links below:
Visit Pullix
Source: https://blockchainreporter.net/diversifying-portfolios-pullix-plx-price-soars-70-leaving-algorand-algo-and-vechain-vet-behind/