With a bull market anticipated in 2024, investors have recently been keeping a close eye on the cryptocurrency industry. Top altcoins Harmony (ONE) and Avalanche (AVAX) are hoping to rise, but interest in more recent initiatives has increased.
One of the new companies making waves in the altcoin market is Pullix (PLX). Due to a few intriguing characteristics, Pullix is now competing with the top altcoins. We’ll examine Pullix in more detail in this post and see why it’s one of the best altcoins to watch in 2024.
Harmony (ONE) To Expand With Liquid Stablecoin
Harmony (ONE) is a blockchain project designed with a primary focus on decentralized applications (DApps). Utilizing the sharding technology, the Harmony coin became one of the best cryptos. However, the project is looking to expand its utility in 2024.
The team behind the project has announced plans to expand the utility of the project in 2024. The Harmony team is currently collaborating with Common Prefix to launch a liquidity stablecoin $STABLE with zero protocol fees.
The stablecoin will provide a crucial bridge between cryptocurrencies and the traditional financial processes on Harmony. Despite this major news, the ONE token has failed to break out of the bearish pattern. On the weekly chart, the Harmony coin is down by more than 16%, trading at $0.01703.
Avalanche (AVAX) NFTs Sees Growth, Price Remains Down
Over the last few weeks, Avalanche (AVAX) has recorded growth in its non-fungible token (NFT) sector. The number of NFT sales on the Avalanche blockchain has been increasing steadily, recently reaching a two-month high.
The recent increase can be linked to the launch of blue-chip projects like Dreamheadz and Dokyoworld. Despite the increase, the Avalanche coin, AVAX, has failed to break out from its recent price drop.
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AVAX tried to break above the $50 resistance in January, but failed. Since then, the price of the Avalanche coin has tumbled by more than 18%, dropping to a low of $32. While AVAX has recovered back to $36, it would need to break above $40 for a resumption of its upside.
Pullix (PLX) Gains Momentum, Attracting Investors
While Pullix (PLX) is still a new player in the market, it has already shown impressive growth, becoming one of the top altcoins to watch in 2024. Because of its enormous potential, Pullix has gained more momentum in the last few weeks than Avalanche and Harmony.
Pullix has the potential because it can access a variety of markets. One of the first platforms where users will have unrestricted access to trade stocks, currency, and commodities is Pullix. The exchange will gain enormous liquidity and potential from these marketplaces. For instance, the volume of trades on the FX market is over $6.6 trillion every day.
Ensuring users have a wonderful experience is another of the core values of Pullix. They accomplish this, among other things, by providing anonymous trading. Being able to trade anonymously is a great bonus in a society where privacy is important. Know Your Customer (KYC) processes on Pullix are not necessary.
The platform also supports advanced trading tools built with AI technology. The aim is to provide a better trading experience for its users. All these are bolstered by its utility token, PLX. While PLX is currently valued at $0.08 per coin, analysts have forecasted a 20x for Pullix in the first half of the year.
Closing Thoughts
While Pullix (PLX) is up against established players like Harmony (ONE) and Avalanche (AVAX), it has already shown impressive growth and some unique selling points that could set it apart from the competition. With a focus on innovation and improved user experience, Pullix could easily become one of the best cryptos of 2024.
For more information regarding Pullix’s presale see links below:
Visit Pullix
Join The Pullix Communities
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