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Bitcoin has faced huge competition from altcoins over the past year. Some of these major altcoins have outperformed Bitcoin in the past year.
According to the sponsored content poster, Avalanche and Chainlink are facing stiff competition from a project called Pullix, whose new project future is unclear. The pre-sale project has attracted great attention in the crypto space, allegedly raising more than $2 million in less than 4 weeks by selling more than 45 million tokens so far.
Altcoins Expected to Outperform Bitcoin (BTC)
According to all the signs we have so far, 2024 will be a bull year for the crypto world. As investors await major events such as the Bitcoin (BTC) ETF launch and Bitcoin halving, there is hope for a major rally.
Market expert Michael van de Poppe thinks 2017 is the year for altcoins. He predicts a bull run for major altcoins. Other analysts believe that other major altcoins will surpass the price of Bitcoin in 2024.
Cryptocurrency researcher Ali Charts according toIf buying pressure increases, Bitcoin could reach $49,000. However, the coin should remain stable above $44,900. Bitcoin is currently trading at $42,000 per coin.
Avalanche (AVAX) Price is Under Selling Pressure
Avalanche (AVAX) was one of the top crypto performers last month. Recently, Avalanche’s crypto price reached a monthly high of $49.66.
However, it failed to surpass the $50 price level. As of January 2024, Avalanche crypto fell below the $40 price level, falling to $30 levels.
Despite this setback, Avalanche crypto still ranks among the top 10 altcoins thanks to its market cap of $13.6 billion. If market sentiment turns bullish, the DeFi token could rise to $50 in the coming weeks.
Chainlink (LINK) is Bullish on YTD Price Chart
Chainlink (LINK), the 14th largest cryptocurrency by market value, had a bad start to 2024. It is trading at the lower end of the $13.88 to $17.48 price range.
Looking at the 7 and 30-day price charts, Chainlink bears remain in control. Still, Chainlink coin has been rising on the price chart since the beginning of the year.
According to CoinMarketCap, Chainlink coin gained 144.8% last year. If buying pressure increases, the DeFi token could rise to $20.
Pullix (PLX) Benefits from Chainlink and Avalanche’s Decline
While Chainlink and Avalanche are falling, investors are examining Pullix, according to the sponsored content poster. According to the project team, they labeled it as an entry-level cryptocurrency. From where? It has many features over its competitors.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
According to his team, Pullix aims to build a hybrid trading platform, but its future is uncertain and it carries the risk of failure and investment loss. It aims to combine the best features of traditional (CEX) and modern (DEX) exchanges. The combination of these features attracts a lot of positive attention, which is why, according to his team, they consider Pullix to be one of the projects to watch.
PLX token is currently trading at $0.07, up 75% from its launch price of $0.04. Since there is less than 10% of phase 5 left, the price is said to rise to $0.08 for phase 6. As the pre-sale continues, they think there’s a chance this price will rise and could see a massive 580% increase to their team’s target before the pre-sale closes. This is a new project and it is unclear whether it will be successful or not.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Conclusion
While Bitcoin, Avalanche and Chainlink are falling, Pullix has allegedly become a closely followed ICO for investors, according to the content creator. There is a risk of investment loss if the project is successful, but with a launch price of $0.12, Pullix is claimed to be a reviewable project.
Click to review Pullix token.
Click for Pullix X (Twitter) account.
*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!