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Following a bearish sentiment sweeping across Avalanche (AVAX) and Immutable (IMX), crypto analysts have looked into the token's possible future price trajectory. Meanwhile, Pullix(PLX) has shown high growth potential, which may result in a rise of over 40x in price before launch, making it one of the best crypto investment alternatives for Q1 of 2024. Let's look intothe market activity of Pullix, Avalanche and Immutable below.
(PLX) Introduces Hybrid Exchange as Native Token Soars in Presale
Pullix (PLX) is preparing to enter the crypto market with a unique trading exchange that seeks to revolutionize the way users trade on the blockchain. This is because the Pullix platform adopts the strengths of DeFi and CeFi exchanges to birth a hybrid trading platform on the blockchain.
As a decentralized protocol, Pullix ensures standard trading security, on-chain discounts, passive income and exclusive rewards for trading on the platform. Holders of the $PLX native token will gain exclusive access to certain features on the Pullix platform.
Beyond that, the PLX token has amassed a lot of popularity and reputation. This can be attributed to the massive potential that PLX is generating. For context, while PLX is still in stage 6 of its presale, experts project the token to gain over 400% before it launches. With more stages of presale to go before launch and with the PLX token currently sold for $0.08, now may be the best time to invest in the PLX token before the price surges.
Having been touted as one of the best crypto investment alternatives in 2024, investing in the PLX token now will position investors for potentially one of the biggest price gains in 2024. Little wonder then that whale investors are prioritizing the PLX tokens as one of the top crypto tokens to buy in Q1 of 2024.
In terms of security, the smart contract has been audited by InterFi Network, while the KYC has been verified by the BlockAudit Team. To protect investors' assets, the liquidity pool will be locked for 2 years once the project is launched in the Uniswap exchange. All these make the Pullix token one of the top cryptocurrencies to invest in for short and long-term gains.
Will Avalanche (AVAX) 2024 Bear Market See a Resurgence?
Avalanche (AVAX) has been on a bearish sentiment since reaching its January peak of $43 on 2nd January. Since then, the Avalanche price has lost over 23% in a significant bear market. As a result, investors fear that the bear market of Avalanche will see the token price drop below the $30 price mark.
However, crypto experts believe that the bullish sentiment experienced by Avalanche in Q4 of 2023 could come back in the coming weeks. As a result, experts reckon that Avalanche will maintain its resistance level at the $30 price mark regardless of the bear market effects.
Immutable (IMX) Loses Significant Price Value Weeks into the New Year
Immutable (IMX) has lost over 13% in price value since the beginning of 2024. As stats from CoinMarketCap show, the Immutable token has been on an extended bearish sentiment, having entered 2024 at the price point of $2.2.
Having dropped below the $2 price mark, investors fear that Immutable price may see a further decline in the coming weeks. This perception may not be far from what analysts expect from the Immutable token. Meanwhile, the silver lining is that Immutable trading volume is still on a marginal rise, and this may be the catalyst that will trigger a rally any moment.
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