Ethereum (ETH)’s recent surge in momentum encountered a significant obstacle upon reaching a pivotal resistance area. As a result, it captured the attention of analysts. Alongside it, the Litecoin (LTC) crypto has also gone upwards and could reach new heights. Yet, the most significant attention is given to Pullix (PLX), which can surge in value.
Ethereum (ETH) to Reach Over $4,000 in 2024
Ethereum (ETH) witnessed a robust uptrend that resulted in a weekly peak at $2,335. This underscores the prevailing influence of buyers in the market. The upward trajectory is further emphasized by the golden cross on the daily chart that signals an overall bullish sentiment for the Ethereum crypto.
Crypto analyst Shayan Navabi conducted an analysis where a close inspection of the chart revealed that amid recent sideways movements, the price of the Ethereum altcoin found robust support in the critical range between $2,211 and $2,166 on the Fibonacci retracement indicator. It served the role as a barrier, preventing further downward attempts.According to the Ethereum price prediction, it can reach $4,056.67 in 2024.
Litecoin (LTC) to Face $80 Resistance and Surge Above $130
Litecoin (LTC) is another notable altcoin that made major waves this year. The value of Litecoin was at an uptrend structure and revealed a possible sign of recovery as it neared the $80 price level.
Litecoin is set for a colossal surge as it is gearing up to crack this critical resistance level and rocket towards new peaks from the support zone. During the past week, LTC witnessed an upswing from $69.24 to $77.16. According to the Litecoin price prediction, it can surge as high as $134.42 by the end of 2024.
Pullix (PLX) to Feature a DeFi and NFT Launchpad
Pullix (PLX) is growing in popularity as it will introduce elements to the TradFi space that can solve key issues. For example, most DEXs have faced liquidity issues, which have resulted in a lack of mainstream adoption. However, Pullix will resolve these issues by introducing a community-driven approach.
By utilizing the platform, users are able to participate in yield farming, staking, and even liquidity provision. Other features include futures, CFDs, and a value for secure storage of cryptocurrencies. Anyone can also access a lending protocol and get passive income while also accessing a DeFi and NFT launchpad.
PLX is the native crypto in its blockchain ICO phase that has massive utility, as it’s used as a revenue-sharing mechanism. This means that users can profit from the daily revenue of the exchange and earn a fixed passive income.
This is done through providing liquidity to automated market makers, and as a result, it’s seen as one of the best cryptos to buy.
Summary
Aside from Ethereum and Litecoin, another crypto that can see an upswing in its value is Pullix. So far, the blockchain ICO has reached Stage 5, where a single PLX crypto trades at $0.07. At launch, analysts project a price upswing of 100x, making it one of the best cryptos to buy for 2024 and beyond.
