Two top altcoins, Tron and Polygon, have been on the positive end of the crypto market over the last few weeks. After registering significant rallies, these two altcoins now look set for a pullback. On the flip side, Pullix (PLX) has emerged as one of the top altcoins to watch as it prepares for an 800% price surge. Let’s explore the factors influencing these predictions.
What you'll learn 👉
Tron (TRX) is Banking the Unbanked, But TRX Fails To Rally
Throughout 2023, Tron (TRX) has maintained a steady growth. Year-to-date, the price of Tron has increased by 94%. This price increase comes amidst an increase in the Tron network activity. Because of its efficient network, Tron has received praise.
Qiao Wang of Alliance DAO has said that the Tron network is the best suited to bank the unbanked around the world. He explained that the network is more stable, less expensive, and more efficient. Despite these praises, TRX has failed to embark on a major rally.
Since it reclaimed the $0.1000 resistance in November, the price of Tron has failed to rise above $0.110. Some analysts have read this long-term consolidation above a critical resistance as a bearish sign. If TRON fails to break above this level, then it could risk a 15% decline back to $0.0900.
Can Polygon (MATIC) Resist the Growing Bearish Pressure?
Polygon (MATIC) has been one of the top altcoins that have been under negative pressure in recent weeks. A large whale unloaded over 35 million tokens on Binance after MATIC surged beyond $1.
This altered the opinion of the ERC20 coin. After the Polygon Wallet bug happened, Telcoin implemented a faulty code, resulting in the bearish market reaction. In contrast, the price of Polygon has shown remarkable strength in the face of the bearish market trend.
MATIC is still above $1. However, its price fluctuates a lot due to many investors buying and selling the coin. It is not clear to me how the sentiment of the building towards Polygon will impact the price in the near future. Additionally, another altcoin, Pullix (PLX), is exhibiting strong positive indications.
Pullix (PLX) Set To Lead the Bull Market With Gains of 800%
In contrast to the downward trend in the market, Pullix (PLX) has risen to prominence, outperforming the rest. Analysts think that the ERC20 coin has a chance of becoming a leader in the bull market, and its growth rate could be higher than 800%. Well, what is the reason behind the optimistic viewpoint regarding this newly launched ICO?
The main reason for the bullish PLX predictions is the possibilities that Pullix’s parent platform brings. As a hybrid exchange, Pullix has combined the best of centralized (CEX) and decentralized exchanges (DEX). This means that its users are treated to a seamless exchange that offers high security, low costs, and comprehensive trading selections.
A benefit of using Pullix is being able to reach out to many markets at once. In the exchange platform, users have the opportunity to trade various assets from diverse markets such as stocks, foreign exchange, commodities, and ETFs. So, in comparison to the entire market of over $632 trillion, crypto has a market cap of only $1.67 trillion.
The connection to the global finance market has made PLX one of the top altcoins to watch heading into 2024. While it is currently available for only $0.07 per token, predictions suggest that it could trade as high as $0.385 in January 2024.
Conclusion
Pullix (PLX) has captured the spotlight as Tron (TRX) and Polygon (MATIC) face potential pullbacks. Investors and traders are already jumping on the opportunity Pullix brings to the market. This makes now the perfect time to stack up Pullix tokens before the surge hits.
For more information regarding Pullix’s presale see links below:
Visit Pullix | Join The Pullix Communities
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