As the crypto market continues its recovery phase, analysts have made a bold prediction. With exchange tokens leading the market rally of the past months, notable analysts tip Pullix to outshine the likes of Chainlink and Litecoin, which have dropped significantly in the past few months. As the Pullix launch date draws closer, crypto experts are projecting massive rallies in the coming weeks, which might push the PLX coin closer to the top 50 cryptos in the market. More details below.
Pullix – the Innovative Trading Platform Projected for Massive Rallies
Pullix is a new trading platform on a mission to revolutionize the crypto trading market. The innovative platform is equipped with advanced trading tools that ensure a seamless trading experience. Users can trade crypto, forex, commodities, indices, and more. There are over 100 different assets to trade.
Notably, the Pullix platform plans to integrate advanced trading tools such as AI to enhance trading strategies and boost users’ profits. The PLX token has achieved $8M raised in their presale earlier this year with over 20,000 sign-ups. The Pullix price is currently around 5 cents, but many analysts believe this token will reach the dollars once the trading platform is live and generating revenue.
According to data from CoinMarketCap, the Pullix market cap is still in the range of $2.8M. That means there is high potential for growth, which could push it among the top 20 cryptos. With unique features like token burn and profit-sharing models, Pullix might topple top exchange tokens such as Binance in the future.
Litecoin Losses Yearly Gains in a Single Week – Is a Resurgence Possible
Litecoin, a cryptocurrency developed to provide fast, secure, and low-cost payments using blockchain technology, has lost its yearly gains in a single week. Having broken through the $100 mark in March, there were high expectations that the Litecoin price would set new records.
However, the coin has been on a decline since then. The Litecoin YTD price metrics show a 27% decline with another noticeable 8% decline in the monthly Litecoin price chart. The Litecoin trading volume has also declined from $1B, as recorded in early April, to $286M.
While Litecoin news over the past few months has been positive, the coin has continued to battle the bear trend, having dropped below the major $70 support zone. However, with Litecoin having the highest transaction count in BitPay, some analysts believe a resurgence is possible soon.
Chainlink Price Analysis – Is Recovery on the Horizon?
Chainlink, the decentralized Oracle network, is showing signs of recovery, with the token targeting a major support zone. Although the Chainlink price has gained 41% in the YTD price metrics, the weekly and monthly Chainlink price chart are not convincing.
The Chainlink market cap, which was comfortably above $8.6B at the beginning of July, has dropped to $6.4B as a result of the market correction. Some analysts believe the dip is the best time to join before the market breakout.
Based on the technical analysis, major Chainlink key market indicators such as the daily EMA and SMA are down. Even so, some analysts believe the Chainlink price will witness a rally soon as more companies continue to adopt Chainlink’s cross-chain interoperability protocol (CCIP).
Which of the Cryptos Is Better for Short-Term Investment?
With Chainlink and Litecoin struggling with the bear market, the major focus should be on Pullix, which is set to launch the hybrid trading platform soon. With novel features designed to ensure a seamless trading experience and reward users, Pullix could set a new price record before the end of 2024.
For more information regarding Pullix see links below:
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