Among the numerous tokens in the crypto market, analysts have picked five DeFi tokens to join the top 15 cryptocurrencies in 2024. The cryptocurrencies include Optimism, Arbitrum, Pullix, Celestia, and Kaspa.
Optimism (OP), a layer-2 scaling solution and its native token, produced a bullish turnaround in late 2023. This came after the token fell as low as $1.70. A recovery later on in the year saw Optimism close 2023 at $3.70. This meant it rose more than 300% over the year.
Recently, data from IntoTheBlock showed that about 90% of Optimism holders were in profit. This is despite the fall in price in the first few weeks of January. Right now, the Optimism coin is trading between $2.76 and $3.28 on the weekly price chart.
The DeFi coin has increased 6.8% in the past week and 39.1% in the past year. Meanwhile, the general sentiment for the Optimism price is bullish, with 17 technical analysis indicators signaling bullish signals and 7 signaling bearish signals.
Analysts have forecasted that Optimism's price will reach $6.41 in 2024 as its adoption and network activity increase. This altcoin price surge will increase Optimism's market cap and push it to the top 15 cryptocurrencies.
Despite the bearish sentiment that the Spot Bitcoin ETF brought, Arbitrum (ARB) has risen by about 14.9% over the past month. The Arbitrum price has traded between the $1.65 and $1.96 range. However, analysts believe that there is still bullish momentum for the layer-2 token.
Data from DeFiLlama at the start of January showed that TVL on Arbitrum has doubled in just a year. In January 2023, the TVL was just at $1 billion but it shot up to the tune of $2.479 billion in January 2024.
This rise of TVL means a growing demand from users, and further volumes can be expected over the next few months. The figures also indicate an upsurge in activity on the Arbitrum network over this past month. If this active inflow can persist for the coming months, the altcoin price might rise to $4.5.
One token that has stood out in the winners' column amid the turbulent market is Celestia (TIA). Within the last year, the DeFi coin has been growing in popularity because it stands out from other blockchain networks with its modular infrastructure.
The community support and the unique features of its blockchain pushed its price to a peak of $20.26 on January 16th. Celestia coin surprised the crypto market and joined the top 40 cryptocurrencies by market cap.
At the moment, Celestia is traded in the $14.96 – $18.46 price range. The alt coin has increased by 3.5% and 37.3% on the 7-day and 30-day price charts.
If Celestia maintains its bullish price movement, the DeFi project could join the top 15 cryptocurrencies in the coming months. Besides, analysts have predicted a price surge to $53 before the end of 2024.
According to a recent tweet, Kaspa (KAS) has integrated its network with the Ledger wallet. This integration would allow KAS holders to manage and store their tokens on Nano X, Nano S, and Nano S+.
This integration with Ledger is good news for the Kaspa community, which has grown in the past year due to the token's bullish price movement in 2023. At the time, the Kaspa coin rose to a peak of $0.154. As of 2024, the alt coin is trading at a $0.09653 – $0.1097 price level with a weekly pump of 1.5%.
Despite the price drop, Kaspa has held on to its gains of 1732.1% on the yearly price chart. This year-to-date increase shows that Kaspa bulls are still in the price race. Analysts project a potential price surge to $ 0.179052 in the coming months.
Optimism, Arbitrum, Celestia, and Kaspa are not the only tokens that analysts have picked to join the top 15. They have also chosen Pullix (PLX) to be part of the train due to its unique features and potential for more growth this year.
Pullix is a hybrid trading platform that allows users to trade several assets, including equities, commodities, and digital currencies. This DeFi project is unique because cryptocurrencies can be used as collateral for trading. In addition, Pullix does not ask for KYC requirements.
Therefore, users can trade anonymously without revealing their personal information. All they need to trade is an email, and then they can connect their wallet to fund their accounts.
Furthermore, Pullix has launched multi-currency staking that allows staking of several coins, such as Bitcoin and Dogecoin. Pullix is centered on its native PLX token, which will be utilized in all transactions within the platform.
PLX tokens serve as rewards for users who trade and fulfill specific trading challenges. Another feature of the PLX token is revenue sharing, where users who hold tokens get a share of the platform's daily incomes.
In addition to this, they can earn more passive income by acting as liquidity providers for automated market makers. By providing liquidity, they are able to receive their earnings and have a constant passive source of income.
The project was also designed to make trading more accessible by providing a simple and user-friendly interface. This interface makes it easy for those who do not have technical knowledge to use the trading platform.
Pullix is at the seventh stage of its presale and is valued at $0.1. Analysts predict a 200% rise throughout the presale stage and a 100x increase after launch in Q1 2024 for $PLX. This makes Pullix a good project to be part of in 2024.
Moreover, an increase of 100x after launch would push Pullix's market cap above the $1 billion mark and into the top 15 cryptocurrencies.
Analysts like Michael Van de Poppe have reiterated that 2024 is the year for altcoins to see bullish movement. As a result, these five DeFi tokens (Optimism, Arbitrum, Pullix, Celestia, and Kaspa) reaching the top 15 will mean huge price gains. This potential for massive gains makes them a must-have for old and new traders in 2024.
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.