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The year 2024 could be the year of Web3 apps amid the rising potential of utility tokens such as Near Protocol (NEAR) and Arbitrum (ARB). While Arbitrum has gained over 60% in price value in the last month, Near Protocol has gained slightly 5% with signs of a massive rally in sight. Meanwhile, Pullix (PLX) is on course to introduce a hybrid trading platform that aims to transform how people trade on the blockchain. Crypto experts have picked the PLX token as one of the best crypto tokens to invest in 2024.
Pullix (PLX) to Synergize Contrasting Trading Protocols with its Hybrid Exchange
Pullix (PLX) is solving the scaling shortcomings of both DeFi and CeFi trading exchanges by introducing a hybrid exchange on the blockchain network. With Pullix trading exchange, individuals can trade different trading asset classes while earning daily rewards. The Trade-to-Earn model exchange from Pullix will give trading fee discounts as well as an opportunity to earn the high-value PLX token.
The PLX token is a utility token on the Pullix network that grants holders exclusive access to certain features on the platform. Also, $PLX holders can use the token as collateral for lending or they can simply choose to convert the token to other crypto or even fiat currencies. There’s also an option to trade the PLX token for passive income.
With all these utilities attached to the Pullix token, it is not surprising that PLX is making waves across the crypto market. While still in its presale phase, the Pullix token has risen to become one of the best crypto tokens for investors. At the price point of only $0.08, $PLX represents a cheap and high-value token that investors can buy to position themselves for potential future gains.
The security of the investor’s assets is guaranteed as the smart contract has been audited by InterFi Network. The KYC has undergone verifications from the BlockAudit Team. Once launched on Uniswap, the team plans to lock the Pullix token’s liquidity for 2 years.
Crypto analysts have forecasted a massive 200% surge in PLX price before its launch, making it one of the top tokens to buy now. Meanwhile, with some time still to go before launch, investing in $PLX now could be the best investment decision of 2024.
Bear Sentiment Hovers Around Near Protocol (NEAR) Despite Analyst’s Projection
Near Protocol (NEAR) has been on a declining momentum since the past month. For context, market chart shows that Near Protocol has gained slightly 5% in a month’s price metric. Having been touted as a trailblazer for Web3 apps, Near Protocol has had an underwhelming month so far.
Notably, Near Protocol trading volume has been on a significant decline within the past few weeks. While it’s still early in the year, Near Protocol’s current trajectory may play a huge part in the overall performance of the token in Q1 of 2024.
Arbitrum (ARB) on Point of Retracement as Token Continues Bullish Trend
Arbitrum (ARB) has gained over 60% within the past month in a significant uptrend trajectory. According to market statistics, the Arbitrum price rose above the $2 mark in its rally before dropping below the $2 point in the second half of January. Arbitrum is hovering around what is perceived by analysts as a retracement which could possibly lead to a rally.
As such, Arbitrum is expected to see another round of significant price gains in the short term. Meanwhile, once the token bounces back, it’s uncertain how far the Arbitrum rally will go in Q1 of 2024. Based on Coinpedia Abirtum price prediction 2024, the coin will trade at an average of $3 before the end of 2024.
