Chainlink (LINK), Pullix (PLX), and Cardano (ADA) have emerged as the leading altcoins to watch as the altcoin market is expected to rise in the upcoming weeks.
Analysts Spot Bullish Signal for Chainlink (LINK)
Amidst the decline of Bitcoin, Chainlink (LINK) has been one of the standout performers. The Chainlink coin has increased by 4% and 16.3% on the monthly and weekly charts, respectively. Amidst its price rise, an analyst has spotted a bullish pattern for LINK.
Micheal van de Poppe has explained that a change of trend is happening on the Chainlink coin chart. Based on his prediction, LINK could have entered bullish territory following its recent break above the $15 resistance level. This could lead to the altcoin price rallying to the $17.5 level.
Following this breakout, the analyst expects the price of Chainlink to continue increasing. Based on his prediction, a bull season for the DeFi market could have started, and Chainlink would be at the centre of it.
Cardano (ADA) Attracts Institutional Altcoin Investors
In the second week of 2024, Cardano (ADA) recorded substantial institutional investment flows of $3.7 million. This is far beyond the average for 2023. Aside from Ethereum, the Cardano coin recorded the biggest inflows of any altcoin.
Analysts have interpreted this as a bullish signal for the Cardano coin. In 2023, a surge in institutional interest helped Solana soar. In the same vein, the growing institutional interest in ADA is expected to cause the altcoin price to soar in 2024.
While the altcoin price recently lost the $0.60 support level, the inflow of funds into Cardano is an important development. The presenter of the instructional YouTube channel Coin Bureau. In one of his most recent videos, he described Cardano’s advancements, establishing a $1 short-term goal.
Pullix (PLX) Hybrid Exchange Gains Massive Attention
Pullix (PLX), a new cryptocurrency exchange, has recently gained a lot of attention with its hybrid model. The DeFi project has seamlessly combined centralized and decentralized exchange features. The most remarkable thing about its hybrid model is that it enables users to control their private keys while still enjoying the benefits of centralized exchange platforms.
Transactions are also faster and more affordable on Pullix because of the exchange’s off-chain order book model. Pullix also offers a distinctive “Trade-to-Earn” model, high liquidity, leverage, and a focus on rewarding users. Users of the Pullix exchange are rewarded for reaching trade milestones on the exchange. These rewards are issued in the ERC20 coin of the DeFi project, PLX.
The Pullix team has also built artificial intelligence (AI) tools for the platform. With these tools, users can easily analyze the market to get better trade entries. In addition, Pullix users can use AI to replicate trades from the most profitable traders on the platform.
These great features have positioned PLX for huge success in 2024 in the DeFi market. The value of the PLX token has already increased by 100%. Pullix, which is valued at $0.08 per coin, is one of the best cheap cryptos to buy in 2024. Analysts have projected returns of up to 50x for PLX due to its prospects.
The recent decline in Bitcoin has made room for cryptocurrencies to expand. Although Cardano and Chainlink are two of the best altcoins to watch, Pullix has more promise than the others. One of the best cheap cryptos to buy in 2024 is PLX, which is now in its sixth stage of presale and costs $0.08 per token.
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