The crypto sector is growing every day, and new projects are emerging every day. This increase in new projects has made it difficult for investors to know which project to invest in. Luckily, analysts have picked The Sandbox and Pullix as two of the best DeFi projects to watch and earn from in 2024. Let us see why.
The Sandbox (SAND), one of the top 100 cryptocurrencies in the market, rode the wave of the metaverse fever to a high of $8.44 in 2021. Unfortunately, it has suffered bearish pressure lately. As of 2024, the DeFi token has been trading between $0.4181 and $0.6181 in the past month. Nevertheless, analysts and professionals are optimistic about its potential.
It's interesting to note that the project has been holding competitions and gaming initiatives where users may play games and earn free tokens. To offer gamers the greatest possible gaming experience, it even released Game Maker 0.9.
In the upcoming months, the Sandbox's value may rise as a result of these initiatives and new collaborations. The token trades between the 50-Day SMA ($0.506057) and 200-Day SMA ($0.419852), according to the Sandbox's technical indicators.
The future of The Sandbox's DeFi token in the cryptocurrency space seems promising. Analysts and market professionals predict that before the end of 2024, SAND's price might increase to $2.39.
Just like The Sandbox, Pullix (PLX) is another project that is worth watching in 2024. So far, Pullix has raised over $4.7 million from its ongoing crypto ICO. This figure shows investors' commitment and attraction to the project.
It's interesting to note that Pullix gives investors a number of options for generating passive revenue, such as yield farming, trade to earn, prize giveaways, and staking. Beyond these features, Pullix seeks to provide a safe haven for investors' funds in order to address the persistent problem of security breaches that are typical of exchanges.
Pullix is going to function as a non-custodial exchange, giving investors full control over their money. This strategy fosters trust and openness, which are frequently issues in centralized exchanges, and does away with the necessity for third parties to get involved.
InterFi Network has audited Pullix's smart contract, thus, security is also covered. The BlockAudit team has also carefully examined the KYC procedure on the site.
Pullix's PLX token is currently in the 7th stage of its presale, available at $0.10. Those who buy now will receive a 10% bonus on their purchase. Experts consider Pullix a top Crypto ICO and anticipate a 100x increase in the token's value in 2024.
In summary, The Sandbox and Pullix are two of the best DeFi projects investors can earn from in 2024. Meanwhile, Pullix has launched a meme contest that will run till late February. All you have to do is post your best meme featuring Pullix. The first, second, and third winners will go home with $250, $100, and $50, respectively.
For more information regarding Pullix's presale see links below:
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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.