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Ethereum (ETH)’s recent momentum hit a significant hurdle when it reached a critical resistance area. This situation attracted the attention of analysts. However, Litecoin (LTC) cryptocurrency is also on the rise and may reach new highs. According to the sponsored content poster, the new project that stands out is the uncertain future of Pullix (PLX), which is stated to have easily passed the fourth phase of its pre-sale despite being launched less than a month ago.
Ethereum (ETH) Could Surpass $4,000 in 2024
Ethereum (ETH) experienced a strong uptrend with a weekly high of $2,335. This highlights the influence of buyers in the market. The golden cross on the daily chart signals an overall bullish trend for the Ethereum cryptocurrency, further emphasizing the uptrend.
Analysis by crypto analyst Shayan Navabi revealed that during the recent sideways movements, the Ethereum altcoin price found strong support between the critical $2,211 and $2,166 levels on the Fibonacci retracement indicator.
This acted as a barrier preventing further downward attempts. According to Ethereum price prediction, it may reach $4,056.67 in 2024.
Litecoin (LTC) Could Break Above $80 Resistance and Rise Above $130
Litecoin (LTC) is another notable altcoin that has made huge swings this year. Litecoin’s value was in a bullish structure where it showed signs of recovery as it approached the $80 price level.
Litecoin is preparing to break this critical resistance level and make a big jump from the support zone to new highs. Last week, LTC experienced an increase from $69.24 to $77.16. According to Litecoin price prediction, it may rise to $134.42 by the end of 2024.
Pullix (PLX) Aims to Offer DeFi and NFT Startup Platform
According to the project, Pullix (PLX) is increasing its popularity because it will introduce elements that can solve important problems to the TradFi field. For example, most DEXs have faced liquidity issues, resulting in a lack of mainstream adoption. However, Pullix will allegedly solve these problems by offering a community-focused approach.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Using the platform, users can take part in productive farming, staking, and even providing liquidity. Other features include a value for futures trading, CFDs and secure storage of cryptocurrencies. Additionally, anyone can access a credit protocol and gain access to a DeFi and NFT startup platform while earning passive income.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
PLX is the native cryptocurrency of the blockchain in the ICO phase and has a large usage area as it is used as a revenue sharing mechanism. This means users profit from the exchange’s daily revenue and earn a steady passive income by providing liquidity to automated market makers. Could be a trackable cryptocurrency in 2024 and beyond, according to sponsored content poster
Conclusion
Besides Ethereum and Litecoin, another cryptocurrency that could see an uptick in value, according to its team, is Pullix. It is not certain, the investment also carries the risk of loss if it fails. So far, the blockchain ICO has reached Phase 5 and a single PLX coin is reportedly trading at $0.07. The project team initially anticipates a price increase.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!