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Arbitrum (ARB) is bullish on the charts, and following the approval of Bitcoin ETFs, Ethereum (ETH) is in a position where it could make monumental gains. The Pullix (PLX) presale has also seen monumental growth as whales are turning their attention to it. So far, it has raised over $3.6 million, and at this rate of growth, it can become one of the hottest altcoins for 2024. We will go over each one of these projects and determine which one is worth jumping into the most.
Pullix (PLX) Will Be Community-Driven and Combine CEX and DEX Elements
Pullix (PLX) will create a vast ecosystem that can solve key liquidity and transparency issues in the industry. By combining some of the most influential elements seen in CEXs and DEXs, it can be a gateway to an all-in-one platform that’s driven by its community.
- The platform will even leverage blockchain technology and let users access yield farming. By doing so, they can gain the capability of staking their crypto balance whilst accessing liquidity provisions.
- Every user will begin trading perpetual futures, contract for differences (CFDs), and can even get access to the secure storage of their cryptocurrencies.
- Moreover, they can even get access to an NFT Launchpad and a DeFi ecosystem that will provide them with additional investment opportunities.
As one of the latest DeFi projects, it has the potential to surge the most. During Stage 6 of its blockchain ICO, it trades at $0.08. At launch, analysts expect a major rally of 100x, especially following its listing on Tier-1 exchanges.
Arbitrum (ARB) Climbs Over 100% – Is a Value of $3 Possible?
Arbitrum (ARB) is one of the most notable DeFi projects as it surged by 104.6% during the past month. The 20-period exponential moving average (EMA) on the weekly charts suggests a compelling bullish crossover above the 50-day EMA.
The Relative Strength Index (RSI) indicator, on the other hand, turned north and entered an overbought zone. The Arbitrum crypto sentiment is bullish according to the combined analysis of the technical indicators. Sellers are now active and are defending the Arbitrum price, as it broke past $2 during the week and has retained support at $2.35. Just in the past 14 days, it’s up 55%, and according to the Arbitrum price prediction, it can end 2024 with a value of $3.78.
Ethereum (ETH) Sparks Massive Interest – Can It Move to the $4,000 Price Range?
Ethereum (ETH) has been increasing in the past weeks, surrounding hopes that an ETH ETF might be next in line on the agenda of the SEC. Meanwhile, the probability of a bullish continuation remains high, considering the performance experienced on the charts. On the weekly time frame, the Ethereum price has been moving from $2,184.62 to $2,686,97. A bearish breakout would likely result in a decline toward the 200-day moving average (MA), located at the $1,900 level.
On the other hand, the Ethereum crypto could see a major upswing that can pave the way above the $2,700 resistance zone in the upcoming weeks. Recently, ETH experienced choppy action, and it tested the higher and the lower boundary of the range several times. According to the Ethereum price prediction, analysts project an upswing to $3,918.36 by the end of 2024.
Summary
Arbitrum and Ethereum are both bullish on the chart, and excitement surrounding ETFs can lead them to further gains. However, Pullix is dominating with its presale and has grabbed whale attention the most. It both innovates and solves key issues in the DeFi space that will make it one of the most exciting cryptos for 2024.
