In the crypto market, new projects pop up daily and old ones are often left in the dust. That’s what we see now with veteran altcoins like Ripple (XRP) and Cardano (ADA). They are now being passed over for lesser-known tokens such as Pullix (PLX). Many market analysts hint that this rookie could become the next $0.5 altcoin in 2024.
Dark Defender Remains Bullish for Ripple (XRP)
Recently, Ripple (XRP) has been showing volatility. According to CoinMarketCap data, the Ripple price fell from $0.61 to $0.57 in the last 30 days. During that time, its market cap also sank from $33.59B to $31.82B. However, crypto analyst Dark Defender remains bullish. His new tweet states that this altcoin price may reach $1.50 soon.
The technical analysis for the Ripple crypto also backs this prediction. For example, Ripple is now trading above its 21 and 50-day EMAs. Due to all these reasons, experts in the crypto field have made a bullish Ripple price prediction. They forecast a potential rise to $0.77 within Q2 of 2024 for Ripple.
Dan Gambardello With a Bullish Cardano Price Prediction
Meanwhile, Cardano (ADA) is another altcoin trading in the red. Over the past month, the Cardano price dropped from $0.73 to $0.57. This altcoin’s market cap fell from $25.43B to $20.32B in that period. Crypto analyst Dan Gambardello predicts that the Cardano crypto will soon see a parabolic run that may be epic.
From a technical analysis perspective, Cardano’s future also looks bright. Notably, ADA is now trading above its 100- and 200-day EMAs. As a result, prominent market analysts foresee Cardano reaching a value of $0.87 before the end of Q2 2024.
Pullix (PLX): One of the Best Altcoins To Invest In
Although Ripple and Cardano are pretty successful in the crypto market, they’ve had trouble recently. Because of this, Pullix (PLX) has made a name for itself. Its hybrid trading platform combines CEX and DEX features to offer users an experience nobody can replicate or even compete with.
For example, unlike Coinbase or Binance, which offer only cryptocurrency, Pullix will allow the trade of all asset classes (Forex, gold, cryptos, etc.) on one account. Additionally, Pullix boasts lower trading fees thanks to its decentralized nature. Recently, Pullix launched the beta version of its platform, which has made countless individuals gravitate towards it.
The PLX native token is the driving force behind Pullix. Holding this altcoin is crucial if you wish to obtain access to certain assets. Also, PLX is the very first “Trade-to-Earn” crypto, as staking it will bring you a portion of Pullix’s daily revenue. This feature, plus a burn mechanism, makes the opportunities for passive income tremendous with this altcoin.
Currently, one PLX token is worth only $0.095. However, since it also taps into the $40T OTC derivatives market, its long-term growth potential is excellent. Market analysts predict a rise to $0.5 within Q3 of 2024. With CoinMarketCap, MEXC, Uniswap, CoinGecko, and more already listing this altcoin, PLX could become the hottest new crypto this year.
What Gives Pullix an Advantage Over Ripple and Cardano?
With a low market cap, Pullix has an advantage over Ripple and Cardano. In other words, PLX will need far fewer new funds for its price to skyrocket, making it one of the top altcoins on the market.
