The cryptocurrency market has experienced a surge following the approval of spot Bitcoin ETFs by the SEC. Investors are watching promising altcoins with the potential to skyrocket in value as a bull market approaches.
The best altcoins to watch are Celestia (TIA), Pullix (PLX), and Cosmos (ATOM) if you want to invest in the cryptocurrency space during the 2024 bull market.
Celestia (TIA) Begins Recovery, Targets New All-Time High
Celestia (TIA) was one of the best altcoins in 2023, setting multiple all-time highs. However, the altcoin has been on a downtrend for most of 2024, dropping to the $12 support level. However, the market rally ignited by the ETF approval has positively affected TIA.
The price of the Celestia coin has increased by more than 9% on the daily chart. As a result, TIA has surged above the $17 resistance level. While the Celestia coin has briefly dropped to $15.7, the altcoin has remained bullish.
With altcoins leading the market surge, Celestia has been ranked as one of the top crypto coins to buy. With an increase in the use of the platform, the Celestia coin is expected to continue increasing. Reclaiming the $17 resistance would see TIA set a new all-time high above $20.
Cosmos (ATOM ) To Set ATOM’s Minimum Inflation At 0%
Unlike Celestia, Cosmos (ATOM) struggled for most of 2023, only picking up pace in the fourth quarter. However, there are positive signs that could see the price of Cosmos rally this year. The Cosmos Hub ecosystem is currently voting on a very important proposal.
The main aim of the proposal is to set the minimum inflation rate for the ATOM token at 0%. By containing inflation, the community hopes to preserve the value of the ATOM token, making it one of the top altcoins to watch.
On the flip side, the proposal will reduce the staking rewards issued to Cosmos validators. Despite this, most of the community is in support of the proposal.
Pullix (PLX) Introduces Revolutionary Trading Platform
Pullix (PLX) is a new DeFi project looking to transform the crypto exchange space. A unique kind of cryptocurrency exchange, Pullix has merged the best features of both decentralized (DEX) and centralized (CEX) exchanges. This offers its consumers a number of benefits.
Another key feature that looks to drive Pullix to success is its connection to multiple markets. On Pullix, users can trade assets from the forex, stocks, commodities, and ETF markets. All these can be achieved with users using crypto as leverage.
The access to these markets will provide greater liquidity to Pullix than its competitors. For example, only the forex market boasts more than $6.6 trillion in daily trading volume. Because of the high level of liquidity and the low spreads (few variations in buy and sell prices), consumers find it easier to trade on Pullix.
According to market experts, this massive liquidity will also be beneficial to PLX, the native token of the DeFi project. They have predicted that the coin could surge by more than 100x in 2024. Before then, you can get the PLX token for cheap, as it only trades at only $0.08 per token.
Closing Thoughts
Consider investing in Celestia (TIA), Pullix (PLX), and Cosmos (ATOM) if you’re searching for promising cryptocurrencies for the 2024 bull market. Although every one of these altcoins has a distinct value proposition, Pullix has demonstrated a higher potential for growth.
Pullix is positioned to lead the cryptocurrency boom of 2024 with a platform that aims to revolutionize the exchange industry and provide access to some of the largest international financial marketplaces. For this reason, PLX is one of the top crypto coins to purchase in 2024.
