Altcoin Season Is Around The Corner, Which Cryptos Should You Stack?
The post Altcoin Season Is Around The Corner, Which Cryptos Should You Stack? appeared first on Coinpedia Fintech News
With Bitcoin on the rise, experts believe the altcoin market will soon follow. Analysts are keeping a close eye on projects like Avalanche and Injective, both of which are expected to offer strong returns in 2024. Meanwhile, Pullix, an exciting new DeFi exchange, is set to offer returns of 580% during its presale. This news has immediately caught the attention of investors and experts worldwide. Let’s find out why.
Avalanche Hits Annual High, Will Its Rise Continue?
Avalanche was one of the best-performing cryptocurrencies in November. Its native token, AVAX, surged by 101.68% and is now trading at $26.18. This rise in value has taken Avalanche’s market cap to $9.5 billion, making Avalanche the number 10 ranked cryptocurrency by market cap.
This significant rise was triggered by both market trends and several milestones within the Avalanche ecosystem. Avalanche recently hit a new all-time high for on-chain transactions, reaching 3.07 million transactions. Furthermore, Avalanche has supported several trending projects, such as Stars Arena, which has further helped boost the project’s ecosystem.
As well as its on-chain success, Avalanche is bridging the gap between DeFi and traditional finance. Avalanche was recently included in an experiment by JPMorgan, showcasing the project’s potential influence in the global financial landscape. Given its current growth, Avalanche could be a strong investment as the altcoin market begins to bounce back.
Injective Soars 900% In 2023
Following its crash in 2022, many experts believed that Injective was a failed altcoin. However, after a successful rebound in 2023, Injective is back on the radar of investors and crypto experts.
In May 2023, Injective launched its own hackathon. During this hackathon, Injective attracted the attention of the wider crypto market, putting the project back on the map. This success was followed up in October when Injective hit its 300 millionth on-chain transaction.
This milestone was a huge boost for Injective, and the projects value has only increased since. Injective is now trading at $17.64, a 974% rise over the last year. According to DigitalCoinPrice, Injective could hit $27 in 2025, though bullish experts believe it could hit this in Q1 of 2024.
Pullix Aims to Disrupt DeFi With An Innovative New Exchange
Pullix is an innovative community-driven exchange that lets investors trade DeFi and traditional financial asset classes. It showcases advanced institution trading tools powered by OpenAI, and looks to enhance the investor experience with a number of lucrative earning opportunities.
The exchange is built on the Ethereum blockchain and offers several features not currently available on other exchanges. For example, users will have access to unique Telegram channels and Discord groups to encourage trader engagement. Such groups will also let investors get instantaneous feedback and form their own communities.
As part of its community-driven incentives, Pullix $PLX token holders will have the opportunity to add to markets and suggest new assets for the platform. Additionally, token holders will be granted a percentage of the platform’s daily profits, which makes $PLX immediately stand out from other tokens in the market.
Other exciting features include a lending protocol, yield farming and copy trading opportunities, and a unique vault for investors to store their cryptocurrency securely.
Investors are already excited about the Pullix presale, which is expected to surge a massive 580% before it’s finished. With tokens starting at just $0.04, early investors could make significant returns on their investment.
Given its potential, Pullix could be one of the best-performing altcoins of 2024, rivaling projects like Avalanche and Injective.
For more information about the Pullix presale visit details below:
Website: https://pullix.io/
Twitter: https://twitter.com/pullixmarkets
Telegram: https://t.me/pullixmarkets
Filed under: Bitcoin - @ December 7, 2023 10:24 am