The Cryptocurrency Market in 2024
The cryptocurrency market is witnessing a significant surge, with Cardano (ADA) and Polygon (MATIC) emerging as frontrunners in the anticipated 2024 bull run. Simultaneously, Pullix (PLX) is gaining momentum in its presale journey, progressing to Stage 6. Analysts even speculate that PLX could become the next 100x token in 2024. Let’s delve into the details to understand why.
Cardano (ADA) Price Prediction
Recently, crypto analyst Ali Martinez made a bullish Cardano (ADA) price prediction. He suggests that this altcoin might surge to $0.93 soon as a buy signal emerges on its daily chart. According to CoinGecko data, Cardano has experienced a rise from $0.49 on January 9 to $0.51 on January 10.
The technical analysis of Cardano indicates a promising future, trading above its 100 and 200-day EMAs. The Fear & Greed index rating stands at 73 (Greed), signaling a bullish trend. Analysts predict that Cardano’s price may reach the $0.53 level by the end of February 2024.
Polygon (MATIC) News
Meanwhile, Polygon (MATIC) has announced changes in the calculation methods for transaction fees on Polygon zkEVM. EffectiveGasPrice has been activated on Polygon zkEVM Mainnet Beta, relying on transaction execution volume and data availability for more precise transaction fee assessments.
Following this news, the Polygon crypto’s value increased from $0.82 on January 5 to $0.84 on January 10. The altcoin is currently trading above its 21 and 50-day EMAs, and experts anticipate it reaching $0.92 within Q1 of 2024.
Pullix (PLX): The Best DeFi Crypto
Pullix (PLX) has recently entered Stage 6 of its presale with remarkable success, witnessing a 100% rise from its starting price. With over 65 million tokens sold and $3.2 million raised, interest in this DeFi project is soaring. The Pullix team has also announced a 20% token bonus, adding to the excitement among investors.
Pullix headlines as a hybrid trading platform, combining the best features of CEX and DEX. This includes low trading fees, access to all asset classes, and high leverage at 1000:1. Alongside the exchange, the Pullix ecosystem comprises:
- Lending Protocol: Introducing money markets for borrowing and lending.
- Yield Farming: Earning the PLX native token by staking LP tokens and contributing to liquidity.
The PLX native token powers these features, offering benefits such as exclusive access to certain assets and up to 75% discounts on trading fees. PLX stakers also receive a percentage of Pullix’s daily revenue, making it the first “Trade-to-Earn” crypto.
Currently priced at $0.08, Pullix’s value is expected to experience more pumps as the presale advances. With ties to the OTC derivatives market valued at $618 trillion in 2022, Pullix’s growth potential is remarkable. Analysts foresee a 580% growth before the presale ends and another 100x pump after it hits exchanges in Q1 of 2024.
What Sets Pullix Apart?
Cardano, Polygon, and Pullix are top altcoins, but Pullix stands out due to its low market cap of $16 million. To clarify, PLX would only need $16 million for its current price (and returns) to double. In contrast, ADA and MATIC have market caps of $17 billion and $7 billion, respectively. As a result, PLX emerges as the best crypto for quick returns.
