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Amid Bitcoin’s (BTC) declining price returns, many investors are convinced that altcoin season is brewing in the crypto market. In this context, analysts are trying to understand that the altcoin season has indeed started by conducting market analysis for selected altcoins. Altcoins used as examples by the content poster in this sponsored article include THORChain (RUNE), Fantom (FTM), Algorand (ALGO), and Pullix (PLX).
Pullix (PLX) Presale, Token Poised for Major Growth
According to the sponsored content poster, the future of the new project is uncertain. Pullix wants to enter the crypto market as a hybrid exchange platform that creates a seamless trading environment by integrating DeFi and CeFi. The Pullix platform solves liquidity issues associated with decentralized exchanges. It is claimed that with Pullix, investors can trade on the platform with zero commission fees. The project is new and its future is uncertain.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
The content sender Pullix platform is said to provide all the necessary tools for a seamless trading experience on the blockchain. These tools include AI to aid trading strategies, multi-currency staking, and more. Reportedly, Pullix will allegedly provide a community-supported trade-to-earn ecosystem that allows you to earn passive income while staking the $PLX token and other rewards.
As a result of Pullix’s potential, the PLX native token has reportedly garnered a large following of investors purchasing the presale and is said to be on the list of cryptos to watch in the first quarter of 2024, according to the sponsored content poster. It is reported that the big exit has achieved more than 70% of the $PLX pre-sale target while it is still in the 6th stage of the pre-sale.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
According to the sponsored content sender, the token, which is predicted to increase by over 400% before its launch, is reported to be a trackable altcoin. With a price of only $0.08, the PLX token is claimed to be safe and has the potential to fail. The smart contract is claimed to be audited by InterFi Network and KYC verified by the BlockAudit team to further prove the reliability of the platform.
THORChain (RUNE) Bear Market Worns Despite Increased Trading Volume
THORChain (RUNE) has been in a bear trend that has lasted for a month. After THORChain price reached $6 on January 3, the token began to decline. According to CoinMarketCap statistics, THORChain’s price value lost more than 17% last week, but its trading volume has increased over the last 7 days.
Increasing trading volume may indicate that investors are taking advantage of the THORChain bear market and buying the dip. Experts think that THORChain’s increasing trading volume could trigger a bull run in the coming weeks.
Owners Worried as Fantom (FTM) Price Loses Value
Fantom (FTM) has experienced a significant price value loss in the last month. The Fantom price chart shows that Fantom has lost up to 5% in price value over the past month. Last week’s metric shows a price decline of more than 11% for the Fantom.
Additionally, Fantom’s trading volume has been in steady decline since last week. Experts believe that this situation is alarming for Phantom. Things are subject to change, but the numbers don’t look particularly good for the token.
Investors Are Looking For Alternatives As Algorand (ALGO) Bear Market Continues
Algorand (ALGO) has been in a prolonged bear trend as investors lose patience for the token. For context, Algorand has lost more than 8% over the past week. More importantly, Algorand has lost up to 20% since the beginning of the year.
Additionally, Algorand’s trading volume has been declining for the past few weeks.
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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 investing!