In search of the best cryptocurrency investment, investors are constantly following the trend. In 2023, artificial intelligence (AI) coins like Fetch AI (FET) and SingularityNET (AGIX) emerged as the best altcoins to buy.
However, as the AI hype has faded, altcoins like Pullix (PLX), offering more long-term utility, have emerged as the top picks. Let’s find out why this DeFi cryptocurrency is on the watchlist of every top crypto investor.
Pullix (PLX) Leads the DeFi Market Will Multi-Market Support
The decentralized finance (DeFi) space is known for its constant innovation. In this highly competitive market, Pullix has emerged as a potential leader in the DeFi market. Pullix is considered a stand-out project because of the exciting services it offers. While it is a trading platform, it combines the best services of centralized and decentralized exchanges.
Thanks to a hybrid infrastructure, the Pullix exchange is faster, more efficient, and cheaper than rival exchanges. In addition, the exchange offers better security, privacy, and complete control over private keys. To benefit from this feature, over 12,000 new registrants have been recorded on Pullix in just a few weeks.
But, what makes Pullix one of the top altcoins to watch is that it provides users access to multiple markets. On Pullix, you can buy, sell, and trade assets from the stocks, forex, ETF, and commodity markets. The multi-market access is what makes the Pullix DeFi cryptocurrency, PLX, a potential unicorn months after its launch.
For reference, the OTC derivatives market is estimated to be over $632 trillion. Meanwhile, the entire crypto market is worth only $1.6 trillion. Due to this huge market potential, analysts have predicted a 50x surge for PLX. With the trading value of $0.08 per coin, investors have seen PLX one of the best altcoins to buy in 2024.
Fetch AI (FET) Struggle As AI Coins Lose Ground
Fetch AI (FET) was among the top altcoins in 2023, rising more than tenfold. But with the drop in AI coins hype, FET has regressed significantly. In its weekly chart, the price of Fetch AI has dropped around 16% and over 25% as per monthly time frame.
Fetch AI has lost several supports due to the continued decline in price. FET has fallen from a high of $0.74 to as low as $0.568. If the trend continues, the price of Fetch AI might fall below the $0.500 support area.
SingularityNET (AGIX) Faces Selling Pressure As Activity Declines
SingularityNET (AGIX) gained enough popularity in 2023, being the blockchain network that gave users a chance to generate AI services and share them for monetization. On the other hand, with fading AI hype came a decreased utilization of the SingularityNET network.
Since network activity decreased over the past couple of months, AGIX’s price has been continuously falling. On the weekly chart, SingularityNET has dropped by 9.7%, and on a monthly basis, it has dropped by more than 23%. This is the reason why investors are switching to Pullix as a result of this.
Conclusion
The declining price and hype surrounding AI coins have seen many investors migrate from AGIX and FET to Pullix. With the potential to revolutionize the crypto trading space, PLX has emerged as the best cryptocurrency investment for 2024. This is why investors are jumping on the Pullix train before its launch in 2023.
For more information regarding Pullix’s presale see links below:
