In 2023, Solana led one of the largest altcoin market rallies as it soared over 1,000% to a yearly high of $125. Investors who missed out on this can consider the DeFi tokens: Avalanche, Pullix, Injective, and Internet Computer. According to analysts, these tokens are ready to pump like Solana.
Avalanche (AVAX) has been stuck between $30.91 and $36.37 in the past week as bulls failed to reclaim the $40 region. Surprisingly, the Avalanche crypto has recorded only 12 green days out of 30. Nevertheless, analysts see Avalanche trading above the 200-day SMA as a bullish sign.
If the bulls manage to drive the Avalanche crypto price beyond the $35 resistance level, they will regain momentum and likely test the upper resistance level of $40.01 soon. Further, if the market holds the Avalanche token at that level, it could soar as high as $54 in the coming months.
Pullix's (PLX) is currently trading at $0.08, a 100% gain in the past month. Analysts are bullish on the token to give Solana-like gains of 1000% in 2024. This is wonderful for Pullix, as it is still in the presale phase and might experience massive profits following listing on CEX's. As a result, Pullix's price trend in 2023 is likely to be similar to Solana's. Let us look at the Pullix platform.
A hybrid exchange scheduled to launch in the first quarter, Pullix aims to reduce transaction costs and streamline the trading process so that it is quicker and more user-friendly. It aims to provide a range of trading options, such as gold, silver, stocks, commodities, and foreign exchange (FX).
The platform is concentrating on the FX market, which has a $6.6 trillion daily trade volume, giving the exchange more liquidity than its rivals. With this addition, Pullix has a fantastic chance to grow. This action might spur more activity on Pullix's network, which would enhance the PLX token's value. Pullix is now one of the leading candidates for the title of best cryptocurrency to invest in 2024.
PLX token holders receive more than just a profitable investment. They also gain access to exclusive trading privileges and assets. Pullix's liquidity contribution is particularly notable, as it makes a significant effect. Users who add liquidity to the exchange can earn interest rates ranging from 8% to 18%. To guarantee that everyone is treated fairly, an algorithm determines these rates.
The Injective (INJ) price increased by over 2,700% in 2023 as it soared to a peak of $34.64 on December 15th. Injective soared on the bullish sentiment surrounding AI-based coins.
In 2024, the Injective coin set another all-time high of $45.19 on January 9th. Due to the bearish sentiment in the market, the Injective price has dropped to $33.72 – $41.67 in the past week.
Still, Injective is up 1616.3% on the yearly price chart. This makes it a suitable candidate for Solana-like gains in 2024.
Internet Computer (ICP) is up 20.5% on the monthly chart, fluctuating between $8.78 and $16.26. The token is traded above the 50-day SMA ($9.84) and 200-day SMA ($5.35). Internet Computer recorded 13 green days in the past month, with 13.60% price volatility over the last 30 days.
Internet Computer has 22 technical analysis indicators signaling bullish signals and 5 signaling bearish signals. This shows increased chances of gains in the coming weeks.
According to analysts' Internet Computer price prediction, Internet Computer is predicted to rise by 47.04% and reach $16.22 in the coming weeks.
The DeFi tokens – Avalanche, Pullix, Injective, and Internet Computer- are predicted to see Solana-like gains in 2024. Investors who want to grow their crypto portfolio can add them to their portfolio.
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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.