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In the current DeFi market, traders are switching up their investment strategies. They are now looking for new opportunities beyond existing altcoins like Ethereum (ETH) and Cardano (ADA). One example is Pullix (PLX) – a Stage 6 presale star that has raised over $4.2M. Various analysts even have it pegged as the next 100x crypto in 2024.
Ethereum (ETH): Dencun Upgrade May Come by the End of March
Galaxy Research’s Christine Kim recently shared a summary of the Ethereum (ETH) developers’ call. She gave a roughly 60% likelihood that the mainnet activation for the upgrade would happen by the end of March.
This Ethereum news had little impact on its value as it has fluctuated between $2,547 and $2,470 in the past week alone. During that time, its market cap has dropped from $305B to $296B.
Nevertheless, around 20 technical indicators are in the green for this altcoin. Thus, experts foresee the Ethereum crypto value reaching $2,719 within Q1 of 2024.
Analyst Ali Martinez With a Bold Cardano Price Prediction
Meanwhile, crypto analyst Ali Martinez made a bullish Cardano (ADA) price prediction. According to his new tweet, Cardano’s ongoing consolidation phase resembles what happened in late 2020. Continuing this regarded pattern might increase the Cardano price to $7.
CoinMarketCap data shows that the Cardano crypto value has moved between the $0.60 and $0.51 levels within the last 30 days. Its market cap shifted between $21.98B and $18.28B in that period.
However, this altcoin now trades above its 100 and 200-day EMAs. Additionally, sentiment is bullish with a 61 (Greed) index rating. Therefore, market analysts predict that Cardano could trade at $0.53 before February 2024 ends.
Pullix (PLX): Outstanding Crypto ICO Event Momentum
Pullix (PLX) has been attracting a surge in investor interest. In fact, this DeFi project recently announced that over 11,000 individuals have registered for its presale. This development shows that many individuals are interested in Pullix – the groundbreaking trading platform.
At its core, Pullix will establish a hybrid trading platform that combines the best CEX and DEX features. As a result, traders worldwide will enjoy deep liquidity, self-custodial portfolio management, and the ability to trade all asset classes (including cryptos) on one account. You may even tap into the Forex market, which sees a daily volume of $6.6T.
While this exchange is the main appeal of Pullix, its ecosystem will also include the following:
- Swap: A DeFi swap allows you to trade tokens for a minimal cost.
- Yield Farming: The ability to stake LP tokens and earn PLX tokens in return.
The PLX native token powers all these components and is used as trading credits on Pullix. It is the first “Trade-to-Earn” crypto. Stakers of PLX on Pullix will receive a portion of the platform’s daily revenue as a reward. For this reason, close to 80M PLX tokens have already been sold, as one PLX token now costs just $0.08 in Stage 6 of its presale.
With a growth of 100% from its starting price, the PLX value may even pump by 1,000% once it hits exchanges at the end of Q1 of 2024. Thus, it is one of the best altcoins to watch.
Can Pullix Outshine Ethereum and Cardano?
Pullix has a low market cap of $16M, making it quite the competitor. To clarify, it needs less new money to surge to the top than others like Ethereum and Cardano do. Therefore, investors are now shifting from ETH and ADA to PLX in the DeFi market.
For more information regarding Pullix’s presale see links below:
Visit Pullix
*This article was paid for. Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2024/01/25/ethereum-cardano-pullix-underway/