In a recent tweet, top analyst Michael Van de Poppe stated that the altcoin season is here. According to him, altcoins will see bullish price movements. Here are the altcoins to watch out for – Cardano, Pullix, and Binance Coin (BNB).
Cardano (ADA) Shows Bullish Momentum
The Cardano coin has seen tremendous growth since the beginning of 2023. Cardano (ADA) has gained more than 74.6% year to date, making it one of the top altcoins. Also, the ADA uptrend has only increased over the last few weeks.
The Cardano price has risen by 47.7% in the last week. It has ranged from $0.398945 to $0.631526. The rally revived Cardano investors’ faith and enthusiasm after several bullish developments on the network.
These investors believe the Cardano price will grow further, especially considering the expected bull market in 2024. Analysts anticipate that the Cardano coin will trade at an annual low of $0.512700 and a yearly high of $2.83 in 2024.
Can BNB (BNB) Surpass $300? Analyst Shares Insight
Ali Martinez, a popular cryptocurrency trader and analyst, has discussed a potential Binance Coin (BNB) breakout in a recent piece. On BNB’s weekly chart, Ali noticed the creation of a bearish descending triangle.
However, Ali stated that if the BNB crypto closes over the $260 barrier, it might herald the beginning of a positive trend for the altcoin. He advised a cautious “hold steady” strategy until such confirmation arrives.
In the last week, the BNB price has varied between $229.27 and $245.83. While the token gained 7.0% on the weekly chart, it lost ground on the monthly chart. According to Coincodex BNB price predictions, the altcoin will hit $272.43 before crossing the $300 mark in 2024.
Pullix (PLX) To Launch In Q1 2024
Pullix (PLX) has created a decentralized trading exchange to address common challenges that crypto traders face. Among these difficulties are a lack of transparency, expensive transaction fees, and delayed transactions. Using decentralization, Pullix has achieved a transparent trading system with reduced transaction fees.
This Pullix architecture will provide all traders with a secure and decentralized environment. The exchange will let users trade anonymously across many exchanges. Pullix’s DeFi cryptocurrency, PLX, is linked directly to the trading platform’s success, providing users with a number of advantages.
PLX token holders, for example, will earn continuous passive income via staking and acquire access to special benefits. Furthermore, depending on the amount staked, they will receive various benefits. To stabilize the project, a token burn mechanism has also been included.
This novel technique has made Pullix a stand-out platform among crypto exchanges. As Pullix’s trading platform garners increased popularity, the value of PLX is anticipated to surge. This makes it an attractive investment opportunity for traders. Wise investors are already accumulating Pullix’s DeFi cryptocurrency, PLX, at its current price of $0.042.
Conclusion
According to analysts in this bull market, the altcoins to watch out for are Cardano, BNB, and Pullix. Notably, Pullix will launch its platform in January 2024. As a result, analysts have forecasted a 100x surge upon launch. So, get in now to join the train.
For more information regarding Pullix’s presale see links below:
Visit Pullix
Join The Pullix Communities
Source: https://blockchainreporter.net/is-altcoin-season-back-cardano-ada-pullix-plx-and-bnb-price-predictions-2024/