The post Comparing Monero, Pullix, and Ethereum Classic’s growth potential in 2024 appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Monero (XMR) is neutral, according to technical analysis. This uncertainty about its future has left many investors undecided about diversifying with this crypto. Meanwhile, Ethereum Classic (ETC) is on an uptrend. Pullix (PLX) is also gaining attention in the ongoing presale.  The platform plans to introduce a community-backed exchange with no know-your-customer (KYC) requirements for trading over-the-counter (OTC) derivatives. Monero retraces XMR is stagnant at around $170, fluctuating between $165.21 and $173.77 in the past week.  If buyers take over, the coin might find support at $175. Conversely, if bears take over, XMR could fall to $137.  Monero is currently 68.82% below its all-time high of $542.33. Analysts’ Monero price prediction places the coin in the $187.27 zone. Ethereum Classic breaks above $20 The hash rate of Ethereum Classic has been increasing since the Ethereum Merge.  The fact that miners are moving from Ethereum to Ethereum Classic suggests a high demand for it.  Additionally, the limited supply and the possibility of higher demand in the future due to enhanced security measures could support prices. As the network attracts more developers and users, adoption might increase, increasing prices.  In the past month, ETC rose by 10.5%.  Meanwhile, the coin rose from $18.51 to $20.34 in the past week, easing past the $20 resistance.  Analysts expect ETC to reach $30.19 by Q1 2024. Exploring Pullix  Pullix is developing an online exchange that addresses high fees, slow transaction times, and low liquidity in the decentralized finance (defi) scene.  PLX, the platform’s token, is used for trading fees and offers holders rewards and other platform-exclusive incentives. Users can stake and receive rewards.  Moreover, PLX can be purchased or burned to reduce supply and increase…

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Filed under: News - @ December 7, 2023 7:24 pm