According to the latest reports, the United States Securities and Exchange Commission (SEC) will give its verdict on Bitcoin Spot ETFs by January 10th. As a result, traders and investors are turning to top altcoins like Solana, Pullix, and Cardano ahead of the 2024 bullrun and anticipation for a profitable new year..
Solana (SOL) Price Rises As Number of Addresses Increase
Solana (SOL) is the 4th largest asset in the crypto space. It has surpassed major tokens like XRP and Binance Coin during its recent price rally. According to CoinMarketCap, Solana has crossed the $100 mark. The price of the altcoin has increased 51.8% and 96.5% on the 7-day and 30-day price chart.
The Solana price is not the only metric that has increased so far. The number of addresses on the Solana network has also been on the rise. On December 25th, Solana saw a large rise in user activity, with the number of daily active addresses reaching over 15.6 million unique wallets.
This represents a notable 50% growth since November. Given the bullish momentum showcased by Solana, analysts have predicted a rise to $150 after Bitcoin ETF approval in 2024.
Cardano (ADA) Price Prediction
Cardano (ADA) has increased more than 60% in the past month as it climbed to a one-month peak of $0.6778. This price rally also affected the coin’s market cap. According to CoinMarketCap, Cardano has a market cap of $21.5 billion, making it the 8th largest token.
In the past year, this particular cryptocurrency has experienced a significant price surge, showing an impressive increase of 134%. Such a performance puts it ahead of 65% of the top 100 cryptocurrencies over the same period.
At present, the altcoin is positioned above the 200-day SMA. Moreover, the asset has been performing well compared to its initial token sale price. In the last 30 days alone, the asset has seen 17 days of positive gains. Analysts have predicted the Cardano coin to rise past $1 in 2024.
Pullix (PLX) To Rally on Bitcoin ETF Launch
PLX, the main token of the Pullix platform, is quickly becoming known as one of the best crypto to invest in, especially with the expected Bitcoin ETF approval in 2024. Additionally, Pullix itself is launching its project in Q1 2024. This suggests the potential for double-digit gains for PLX.
Pullix is a unique TradFi platform, it combines the qualities of both Centralized (CEX) and Decentralized (DEX) Exchanges into one. This brings several advantages for its users. On Pullix, users find it easier to trade due to high activity and small differences between buy and sell prices (narrow spreads). But Pullix is more than just an exchange. It’s reshaping the trading world. The PLX token is changing how people see cryptocurrencies.
Owning PLX tokens means sharing in Pullix’s success. The more PLX you have, the larger your share in the platform’s daily profits, offering a passive income opportunity. PLX holders also enjoy extras like access to NFTs and staking rewards.
Pullix introduces another cool feature: liquidity provision. By contributing to the platform’s trading activity, users can earn attractive interest rates of 8% to 18%. The interesting part is these interest rates are determined by an algorithm for fairness. All these elements contribute to making PLX the best crypto to invest in for double-digit gains in 2024.
Final Words
With top altcoins like Solana, Pullix, and Cardano showing bullish potential, traders have huge chances of gains after Bitcoin ETF approval. Meanwhile, Pullix’s PLX price has increased after charging into stage 4. Initially launching at $0.04 Pullix’s price has increased to $0.046 and will continue to do so as the presale continues.
