As Ethereum (ETH) surged past the $2600 mark earlier this week, investors are exploring alternative cryptos to rotate and maximize their gains. In the spotlight are Pond Coin (PNDC) and Pullix (PLX) – a rising Stage 6 presale star. With close to 72M PLX tokens sold and $4M raised, some analysts even hint that Pullix could be the next 100x altcoin. Let’s see why.
Ethereum Price Soars Past $2,600
Recently, Ethereum (ETH) passed a significant psychological barrier. This altcoin exceeded $2,600 for the first time since May 2022. Solid fundamentals and bullish sentiment have fueled this Ethereum price growth. It may now be on track to break through the $3,000 level.
CoinMarketCap data shows us that the Ethereum crypto value has fluctuated between $2,235 and $2,513 in the past month alone. Its market cap also rose from $268B to $302B. With over 24 technical indicators in the green, experts have made a bullish Ethereum price prediction. According to them, ETH may trade at the $3,299 level within Q2 of 2024.
Pond Coin (PNDC): Over $300M in Swap Volume
Meanwhile, Pond Coin (PNDC) has made headlines with its great performance. In a recent tweet, Pond Coin announced that it has now surpassed $300M in swap volume on its DEX. In terms of this meme coin’s value, it has fluctuated between $0.000001186 and $0.000000354.
With a bullish sentiment for this coin, it has a bright future. Because of this, market analysts predict that the Pond Coin may trade at $0.00000065 within Q2 of 2024.
Pullix (PLX): An Innovative New DeFi Coin
A hybrid trading platform, Pullix (PLX), is also looking to make a name for itself. This DeFi project has taken the best elements of both centralized and decentralized exchanges to create its unique offering. People who want diversity in their platforms are intrigued by Pullix as it will provide access to all asset classes (including cryptos).
Pullix ARMY is OFFICIALLY 3500+ Strong! 😤😤😤— Pullix (@Pullixmarkets) January 16, 2024
Our community growth is absolutely EXPLODING as we smash presale records left and right!
Now over 3,500 believers are certified $PLX HODLers! With a whopping 11,000 users registering for the $PLX presale.
At this trajectory, NO… pic.twitter.com/Ik38PB8S1C
Global investors are rushing to support this innovative crypto, with over 11,000 people registering for its presale. Not only that, Pullix now boasts 3,500 community members. It shows the tremendous demand and hype for this project.
While the exchange is the main attraction, the Pullix team will also introduce other components, such as:
– Swap: A DeFi swap where you can trade tokens at the lowest fees.
– Trade-to-Earn: A unique revenue-sharing model rewarding PLX token stakers with a percentage of Pullix’s daily revenue.
The PLX token will power these components. Holding it brings you access to certain assets and reduced trading fees. It is now worth only $0.08 – a 100% ROI for those who bought it early on. Analysts are bullish for PLX as it has ties to the OTC derivatives market (valued at $618T in 2022 by ISDA). They forecast a 100x pump once it hits exchanges in Q1 of 2024.
Can Pullix Rise Faster Than Ethereum and Pond Coin?
With a small market cap of $16M, Pullix has positioned itself as a serious contender to Ethereum and Pond Coin. In other words, PLX may surpass the growth rates of its competition since it needs far less new money injected into it. Therefore, Pullix emerges as the best DeFi coin for fast gains.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.