Any moment from now, the crypto market will witness the return of the bull run and investors are on the lookout for the best cryptos to invest in ahead of the bull run. Analysts rate Pullix (PLX) highly and project over 35x return when the bull run arrives. Investors who purchased the PLX token early have already gotten substantial profits. The project is expected to surpass other contenders such as Axie Infinity (AXS) and Kucoin Token (KCS) in giving investors massive profits. Let's delve into why analysts are placing their bets on this crypto for the upcoming bullish surge.
Analysts project that Pullix will account for a massive surge in the bull run compared to established cryptocurrencies like Axie Infinity and Kucoin Token. The Pullix project has been a revelation in the crypto community ever since the start of the presale. Investors are wowed by the platform's unique solution to the common problems they encounter while using Binance, Coinbase, and other exchanges.
In context, Pullix offers a hybrid trading system that combines the features of both centralized and decentralized exchanges, enabling investors to assume total control over their assets. Not only that, Pullix provides high liquidity, charges zero commission on transactions, and enables a high level of security that ensures the safety of investors' assets. With these unique qualities, investors from across the crypto market have switched to Pullix, which has been tagged as the best new crypto to invest in now.
The Pullix platform has raised over $8M in presale, sold over 120 million of its native ERC20 token PLX, and registered more than 20,000 users. The project is currently at the final phase of the presale with the PLX token sold for just $0.14. Those who joined the project early have gotten over 250% ROI and that could increase when the project hits Tier 1 exchanges.
Having already listed the token in CoinGecko, the PLX token will soon be listed on BitMart. Analysts project 35x ROI when the project is launched. Meanwhile, investors who buy the token now will benefit from the Pullix profit share model, where a percentage of the platform's daily revenue is given to token holders. At the end of the presale, Pullix will redistribute the unpurchased tokens as platform dividends, with the surplus tokens available to be burnt at a later date. As the bull run approaches, Pullix is seen as one of the best cryptos to invest in the year and make a substantial profit.
Although Axie Infinity (AXS) saw a slight increase of 3% on the monthly trading chart, the token has fallen by a slight 4% on the weekly chart. Unlike the last quarter of 2023, when Axie Infinity pumped from $4 to $10.2, the token has witnessed a significant decline since then.
While Axie Infinity broke a key support level on February 11, the prevalence of the bears on the tokens price chart is a concern. However, if the Axie Infinity price could manage to rally around the $8.85 resistance trendline, a climb to $10 could be possible in the bull run.
Kucoin Token (KCS) experienced a dip of 4% on the 90-day trading chart, only for the token to surge by 6% on the monthly charts. In the past 7 days, the Kucoin Token price has witnessed a slight bearish trend based on data from CoinMarketCap.
This inconsistency has been the bane of Kucoin Token since the start of the year. Although Kucoin Token's price appears to have stabilized on the $10 mark, the dominance of the bears could pull back the price below $10 before the bull market. Meanwhile, analysts forecast the token to trade above $12 in the coming weeks. That's based on the new developments on the Kucoin Exchange.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.