Some experts have gone so far as to place Pullix (PLX) as the next 100x token in 2024.
The DeFi market is set for an exciting first quarter of 2024 as Ethereum (ETH), Pullix (PLX), and Arbitrum (ARB) capture global attention. While users may be familiar with ETH and ARB, PLX is a new ICO that has quickly reached stage 6 of its pre-sale after raising over $3 million in less than a month. Some analysts even speculate that it could evolve into the next 100x token in 2024.
Ethereum Price Prediction
Rekt Capital, a cryptocurrency analyst, recently made a bullish forecast for the price of Ethereum. According to its new tweet, this altcoin is finally moving towards a 22% increase. Data from CoinMarketCap shows us that the price of the Ethereum cryptocurrency jumped from $2,298 on January 9 to $2,370 on January 10.
The technical analysis of this altcoin also paints a bullish picture, with 28 technical indicators in green. As a result, market analysts remain confident as they predict a potential rise to $2,515 in the first quarter of 2024. Therefore, Ethereum remains one of the altcoins to watch.
Pullix (PLX): An Appealing DeFi Project
Pullix (PLX) has been making headlines as it recently announced a 20% token bonus. It also entered stage 6 of its pre-sale, giving early buyers a 100% return on investment. Global investors are flooding into this crypto ICO event as over $3.3 million has been raised and over 60 million PLX tokens have been sold.
The PLX token is the backbone of Pullix, a one-of-a-kind hybrid trading platform that will challenge the status quo. Unlike Binance or Coinbase, it will allow trading of all asset classes, including cryptocurrencies, in a single account. Therefore, traders can even enter the booming OTC derivatives market, which the BIS valued at $20.7 trillion in 2022.
Holding the PLX token is crucial to obtaining reduced trading fees or access to specific asset classes. Additionally, an interesting feature of Pullix is its “Trade-to-Earn” revenue sharing model. PLX participants will receive a percentage of Pullix’s daily earnings, a stellar passive income opportunity. Users can even stake other cryptocurrencies with Pullix for a fixed interest rate.
Currently, the PLX token is worth only $0.08; when Stage 7 begins, though, this price will increase. Experts predict a growth potential of 580% before the pre-sale ends. Another 1,000% jump is also possible once this altcoin hits exchanges in the first quarter of 2024.
How Far Can Arbitrum Go?
A cryptocurrency analyst behind the More Crypto Online YouTube channel recently made an Arbitrum (ARB) price prediction. According to its YouTube video, Arbitrum’s price could soon reach $3.53. On the price charts, this altcoin is now seeing a surge as it jumped from $1.71 on January 9 to $1.91 on January 10.
Said Arbitrum price may continue to rise as the sentiment around it is currently bullish. Its Fear & Greed Index score shows a 73 (Greed). For all these reasons, analysts predict that the Arbitrum token will be worth $2.18 by the end of February 2024.
Despite the abovementioned, any investment decision must be preceded by exhaustive research and in-depth analysis, and thus be taken with caution.
By Leonardo Perez
