Tron (TRX), Pullix (PLX), Stellar (XLM), Polygon (MATIC) And Polkadot (DOT)

Analysts have predicted a major altcoin rally in 2024, making altcoins a must-have for every investor. In this article, we shall look at the top altcoins of 2024, which are Tron, Pullix, Stellar, Polygon and Polkadot.

Tron (TRX) Remains Among Top 20 Cryptos

Tron (TRX), the native token of the TRON blockchain, has suffered major price declines in the past month. This could be due to a drop in user activity on the network. 

Messari’s latest Q4 2023 report revealed a 41% increase in Total Value Locked (TVL) in Tron’s DeFi space. However, the network user growth dropped drastically for Tron. 

Despite the decline, Tron crypto remains among the top 20 largest cryptocurrencies. It has been trading in a straight line in the past month, fluctuating between $0.1014 and $0.1175. Analysts predict Tron to rise to $0.200 when market sentiment improves.

Pullix (PLX), One of the Top Altcoins in the Market 

Analysts are excited about Pullix’s utility coin, PLX, hailing it as currently the best cryptocurrency to invest in. Its 100% price surge has garnered a large user base in the presale stage. Pullix operates as a hybrid exchange, offering a user-friendly trading interface and a wide array of assets.

This platform is poised to revolutionize the world of cryptocurrency trading, with its native coin, PLX, rapidly gaining favor among crypto enthusiasts. Owning PLX tokens is your ticket to becoming a part of Pullix’s success narrative. You have the chance to generate passive income because your part of the platform’s daily earnings increases with the number of PLX you own.

In addition, holders of PLX are entitled to exclusive privileges like NFTs and staking rewards, which increase the value of their investment. Pullix’s function for providing liquidity is one of its most notable features. A fair algorithm will calculate the enticing interest rates, which can range from 8% to 18%, for users who raise their trading volume.

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Furthermore, staking options for the $PLX token are offered, enabling deposits into the platform’s liquidity pool to yield a consistent monthly income of up to 18% APR. Analysts have named PLX the best cryptocurrency, taking into account all of these advantages. They expect a spike to $1 with the current uptrend in the market.

Stellar (XLM) Price Prediction 

In 2024, the cryptocurrency market is primed for a breakthrough year. Many believe Stellar (XLM) will lead the way. It is becoming seen as a key participant in the larger story of digital finance. 

Stellar is poised to take a significant part in the development of cryptocurrencies thanks to its dedication to technological innovation and strategic alliances. On the 7-day chart, the price of Stellar coin is currently between $0.1101 and $0.1193. 

Between the 50-Day and 200-Day SMAs, Stellar is trading. It is predicted that the altcoin will trade between $0.557932 and $0.092290. A rise of 390.24% would result from a rise to the top level of $0.557932 for Stellar.

Polygon (MATIC) Dumps As NFT Sales Pump

Polygon (MATIC) has gone bearish on all price charts as it drops 11.8% and 9.6% on the weekly and monthly time frames. Polygon has been stuck between a monthly low of $0.7442 and a high of $1.09.

Despite this bearish movement, NFT sales on the network have reached a new monthly high since April 2022. According to an X post, Polygon has sold over $90 million in NFT sales so far in January. With Polygon 2.0 on the way, analysts are bullish on a major Polygon price recovery. 

Polkadot (DOT) Trades Above 200-Day SMA

Over the past year, Polkadot (DOT) has demonstrated an increase of 4%. Polkadot started 2024 on a bullish note but has dropped to the $6.59 – $7.64 price range in the past week.

The 200-day simple moving average is where Polkadot cryptocurrency is trading, and it shows a steady upward trend. Its RSI, however, conveys conflicting feelings. 

Since it is in a neutral area, both bulls and bears are exerting equal force on it. Analysts still anticipate a price increase. Analysts’ price projection for Polkadot is that it will increase to $9.46 in the upcoming weeks.

Final Words 

Analysts like Michael Van de Poppe have stated several times that 2024 is an altcoin season. Investors looking for top altcoins that could see bullish gains in 2024 can go for Tron, Pullix, Stellar, Polygon and Polkadot.

For more information regarding Pullix’s presale see links below:

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