Uniswap, Pullix, and Near Protocol are three notable altcoins that have huge price potential in the crypto market. Having raised $3 million in four weeks, Pullix continues its bullish trend ahead of a Q1 2024 launch. We will discuss all three below along with their future since the Bitcoin ETF approval.
Uniswap (UNI) Sees Market Recovery
Uniswap (UNI) has had a difficult start to 2024 despite announcing $1.7 billion in swaps on January 3rd. The token’s price has dropped by about 13.6% in the past 14 days. Also, the number of active addresses and volume has dropped since the beginning of the year.
This drop in active addresses and volumes has mounted pressure on the DeFi coin. Unlike other cryptocurrencies in the ecosystem, the prospect of a Spot Bitcoin ETF approval has failed to catalyze a recovery in the Uniswap coin.
However, the Uniswap price saw a huge rally on Wednesday as it surged 8.3% to $6.32. This recent rally shows renewed investors’ interest in the project. If the rally lingers, the Uniswap coin could jump to the $7 price level.
Pullix (PLX) to Become the Best Performing DeFi Coin in 2024
Pullix (PLX) has emerged as one of the best performers in the past month as it witnessed a surge of 100%, rising from $0.04 to $0.08. Also, within a few weeks of its presale stage, the planned DeFi project had raised over $3.3 million.
Furthermore, as more investors join the project, it has become the crypto town’s talk. Let us look at three more Pullix ecosystem components.
VaultX
VaultX is an innovative platform that allows users to earn compound interest on their cryptocurrency holdings. Pullix offers high Annual Percentage Yields (APYs) to help you make more money from your cryptocurrency portfolio.
DeFi Swap
Pullix DeFi Swap’s minimal fees revolutionize token trading. The beauty of Pullix Swap is its completely decentralized nature, with deals conducted automatically via smart contracts.
It operates on an Automated Market Maker (AMM) mechanism, as opposed to traditional exchanges. That means trades are made against a pool of liquidity. As a result, no direct match with another trader is required. It results in faster transfers and lower swap costs
Lending Protocol
Pullix, the lending protocol on the DeFi project, offers a new layer of functionality. It includes lending and borrowing money markets. The good news is that interest rates are calculated using an algorithm based on supply and demand. As a result, you are guaranteed the greatest pricing.
Near Protocol (NEAR) Drops To $3
Near Protocol (NEAR) was one of the best-performing altcoins last year. The NEAR token has continued its bullish performance, as it soared to a one-month high of $4.61. Unfortunately, the token has been relegated from the $4 price level to $3.
Investors had expected the Near Protocol price to continue its upward rally to $5. However, the recent liquidation in the altcoin market and negative market sentiment affected the Near Protocol coin.
Presently, Near Protocol is trading between $3.01 and $3.97 on the weekly timeframe. Bulls have been able to pull a 7.5% price surge on Wednesday, riding on the news of Bitcoin ETF’s supposed approval.
Final Thoughts
Among Uniswap and Near Protocol, the best DeFI project has been Pullix’s PLX. Its cost has risen by 100% in the last month.
Analysts believe its distinct qualities will lead to increased acceptance in the future. PLX is now in its sixth presale phase, with tokens priced at $0.08. Now is the perfect moment to join the project before the price goes up.
