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With the cryptocurrency market continuing to fascinate global investors, veteran analysts have been releasing their Q1 2024 predictions. Three coins have taken the spotlight: BNB (BNB), Pullix (PLX), and Arbitrum (ARB). While BNB and ARB are well-established altcoins, PLX is a Stage 8 presale star that may become the next 100x crypto in 2024. Let's find out why.
Recently, BNB (BNB) has been experiencing a bullish trend. In terms of the BNB price movement, it has jumped from $332 to $369. Its market cap grew from $49B to $55B in that time. According to the crypto analyst behind the More Crypto Online YouTube channel, this bullish trend may continue. His new YouTube video predicts that it may soar to $409 soon.
Additionally, the technical analysis for this altcoin shows an uptrend forming. For instance, 27 technical indicators are flashing green. Meanwhile, the BNB crypto trades above its 100 and 200-day EMAs. Therefore, market analysts have made a bullish BNB price prediction. They foresee its price reaching $493 within Q1 of 2024.
Pullix (PLX) has been making headlines recently as BitMart announced it would list this altcoin soon. During its ongoing presale, the team behind Pullix managed to secure over $8.5M in funding thanks to strong token sales. Over 114M of 120M PLX tokens have been sold – evidently, global investors are interested in this innovative project.
Pullix's ambitious objective of revolutionizing online trading by combining CEX and DEX features into one platform has intrigued many traders. This exchange will allow users to trade all asset classes, including cryptocurrencies, on one account with lots of liquidity and low trading fees.
Driving this ecosystem is PLX, the primary fuel used for transactions on the platform. Staking this altcoin will result in you obtaining a portion of Pullix's daily revenue. Additionally, Pullix will implement a burn feature that drastically reduces supply and increases value over time.
One PLX costs just $0.14 – a 250% value boost from its start. However, industry analysts predict a possible 100x surge once it hits exchanges. It will be listed on Uniswap on March 4th and Bitmart on March 7th, with other exchanges set to be announced. Pullix could be among the best altcoins of 2024 if all goes according to plan.
Meanwhile, Arbitrum (ARB) has been riding a bullish wave. According to CoinMarketCap, the Arbitrum price has increased from $1.69 to $1.84 in the past month alone. Its market cap also pumped from $2.18B to $2.35B during that time.
The technical analysis for this altcoin paints a bullish picture, as it has experienced 17/30 green trading days. Furthermore, the Arbitrum crypto is now trading above its 21-day EMA. For all these reasons, market analysts have made a bullish Arbitrum price prediction. They forecast a surge to $2.72 within Q1 of 2024,
With a low market cap of just $28M, Pullix holds a distinct advantage over heavyweights like BNB and Arbitrum. In other words, PLX needs fewer funds for its current price to surge. Therefore, Pullix may become one of the best altcoins to invest in for fast returns.
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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.
