Pullix (PLX) Set to Compete with Solana (SOL) and Avalanche (AVAX) in the Upcoming Bull Run

The cryptocurrency market is recovering from a rough patch, with several coins recording oversized gains. Solana analysis reveals that its daily MACD (12, 26) is turning bullish, providing hope for a continued upward trajectory in the near term. On the other hand, Avalanche holders are moving to sell their AVAX tokens. Notably, Pullix (PLX) has gained massive traction and is becoming one of the best DeFi projects on the market.

Pullix (PLX) To Reshape Trading Experience

Pullix aims to create a comprehensive trading experience, addressing key issues inherent with trading exchanges by harnessing the benefits of centralized (CeFi) and decentralized (DeFi) systems. It has integrated online OTC trading elements, ensuring high-level liquidity, easy and fast transactions, and ultimately giving users control over their funds.

Moreover, it has simplified onboarding with a crypto deposit-only system, making trading accessible to a broader audience. What’s more interesting is its popular revenue-sharing model, which distributes part of its revenue back to its token holders. Having achieved $8M in funding in it’a recent ICO and over 20,000 users onboard, Pullix continues to hit new milestones. 

As expected, Pullix has secured listings on major exchanges, including Bitmart, XT.com, MEXC, CoinMarketCap and CoinGecko, which has enhanced its visibility. This had caused its price to jump by more than 1000%, allowing its early adopters to enjoy massive returns. After seeing a drop in line with other cryptos in the market and token unlocks for presale participants, PLX is now priced at a very modest $0.08.  With the launch of its trading platform in the next week, new investors could earn significantly more by the end of this event, making it among the best cryptos to buy now.

Daily MACD for Solana Turns Bullish, Analysts Say

According to Mudrex, a well-known crypto analyst, Solana’s price trajectory has been impressive. It recorded the highest double-digit inflows in the past week, making the altcoin stand out even among the best market cap giants. He added that market sentiments towards Solana remain highly bullish.

Solana MCAP has risen by over 520% from $10.0B in July 2023 to around $62.91B in August 2024, displaying its potential for massive growth. Based on Mudrex’s Solana price prediction, the altcoin has formed a large symmetrical triangle on the daily timeframe and further formed a double-bottom formation within this triangle, indicating a bullish breakout.

As expected, the price of Solana will retest its upper critical level of around $150. Should the bulls manage to breach this point, the Solana price will challenge its all-time high around the $210 mark.

Avalanche (AVAX) Holders Move To Sell

Due to its market performance, the avalanche price has regained focus in the broader market. The altcoin is at a monthly high, and it’s trying to breach its upper critical resistance level. Investors want to book their profits as they have grown and can offer potential profits.

Its MCAP has risen by over 110%, bouncing up from $4.58B in July 2023 to $8.35B in August 2024, reflecting its potential for massive growth. Remarkably, the GIOM indicator has recorded that the token has been bought between $18 and $21. 

This supply is over $358M, which would become profitable if the Avalanche price reaches $34, marking that 5M AVAX tokens have achieved profitability.

Avalanche Vs. Solana Vs. Pullix: Which Is The Best Crypto Investment?

While Avalanche and Solana have shown significant strides, Pullix’s revolutionary revenue share model alongside long-term potential has positioned the altcoin as a compelling investment. Its strong performance and heightened investor confidence have put it on a wider scale to be the best cryptocurrency investment for 2024.

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