Emerging altcoins are on the rise. They compete with larger, more established cryptos to take their place at the top. Pullix (PLX) is one of those contenders. It’s got its eyes set on dethroning Binance (BNB) and Arbitrum (ARB). With reports circulating that it could potentially increase by 50x before the end of 2024, Pullix is quickly becoming a significant altcoin to monitor.
Pullix (PLX): One of the Top Altcoins To Invest In
Pullix (PLX) quickly became a top contender in the altcoin space. It revolutionizes online trading with its hybrid trading platform. In other words, Pullix combines the best CEX and DEX features. Doing this gives users the best of both worlds: deep liquidity, high leverage at 1000:1, and access to all asset classes (including cryptos) on one account.
Not only that, Pullix separates itself from other trading platforms like Binance by removing the need for KYC checks. Instead, traders worldwide can create a Pullix account with only an email address. This feature ensures privacy is at an all-time high for traders, regardless of location.
Furthermore, Pullix has introduced an innovative revenue-sharing model where users are entitled to a cut of the platform’s daily revenue if they stake the PLX native token. This model not only incentivizes participation but also creates a community sense of ownership, which could go a long way. This aspect also makes PLX the very first “Trade-to-Earn” altcoin.
Currently, one PLX token is worth just $0.10. However, its visibility will continue to grow with the recent listings on Bitmart, MEXC, XT.com, Uniswap, CoinGecko, and CoinMarketCap. Because of this, plus its ties to the $40 Trillion OTC derivatives market, market analysts predict a 50x surge for PLX within Q2 of 2024.
Binance (BNB): On an Uptrend
Binance (BNB) is another altcoin that has been making headlines recently. According to CoinMarketCap data, the Binance price has grown from $395 to $569 over the last 30 days, and its market cap has increased from $59.16B to $85.15B.
From a technical analysis perspective, the Binance coin will continue this bullish trend. For example, this altcoin is now trading above its 100—and 200-day EMAs. Additionally, 29 technical indicators are now flashing buy signals for Binance. Because of all these factors, experts have made a bullish Binance price prediction—reaching $696 within Q2 of 2024.
Arbitrum (ARB): Introducing AnimeChain
Meanwhile, Arbitrum (ARB) has also been seeing exciting developments. Notably, Arbitrumannounced AnimeChain in collaboration with AnimeCoin. This Arbitrum Orbit chain will help bring the anime culture to the blockchain space with Azuki as the first launch partner.
This Arbitrum news may trigger a rally for this crypto. Speaking of which, this altcoin’s price grew from $1.21 to $1.65 in the last 12 months. In that period, its market cap grew from $1.56B to $4.38B. Moreover, 13 technical indicators are flashing green for the Arbitrum coin. Therefore, market analysts foresee Arbitrum hitting $2.63 before the end of Q2 2024.
Can Pullix Outshine Binance and Arbitrum?
While Binance and Arbitrum are good altcoins to watch, Pullix has an advantage—a lower market cap of $1M. In other words, PLX needs far fewer new funds for its current price to skyrocket. If you are interested in one of the best altcoins to invest in right now, follow the links below.
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