Fantom (FTM), Cardano (ADA), and Stacks (STX) have been some of the best-performing cryptocurrencies in recent years. However, many analysts believe that Pullix (PLX) has the potential to outshine all three of these coins in 2024. Notably, Pullix is in the last stage of an ongoing presale, with the native token expected to soar by 100x when it hits the market next month.
Stacks (STX): Bridging Bitcoin and DeFi
Stacks is the gateway to adding functionality to the Bitcoin blockchain. It allows developers to build decentralized applications (DApps) on top of Bitcoin, making it a critical component in the booming Bitcoin ecosystem.
With the approval of a spot Bitcoin ETF, the Stacks project has seen renewed interest from investors looking for extra exposure to the leading cryptocurrency. This increased attention has caused the Stacks price to climb from below $0.50 in late 2023 to a peak of $2.92 this February.
The question is, can Stacks sustain this momentum and continue outperforming other cryptocurrencies? Some analysts are skeptical, pointing out that the recent rally may have been largely influenced by hype around Bitcoin ETFs rather than fundamental growth in the project.
The Stacks chart shows resistance in the $2.80 – $3.20 zone. Breaking above this zone with strength equates to a new all-time high, which would likely attract more buyers and propel Stacks to much higher levels. However, a failure to break above this zone could lead to a correction back towards the $2.00 level.
Pullix (PLX) Poised for Unprecedented Surge in 2024
Pullix introduces a hybrid exchange model that seamlessly blends the liquidity and ease of use of centralized exchanges (CeFi) with the security inherent to decentralized exchanges (DeFi). A unique revenue-sharing model further enhances this pioneering approach, making Pullix a threat to the likes of Binance and Coinbase.
But Pullix is much larger than these crypto exchanges, as Pullix offers trading across ETFs, stocks, commodities, forex, and more. This novel approach integrates traditional finance with the world of cryptocurrencies, providing a one-stop shop for all financial needs.
Pullix goes even further by removing KYC requirements to access any of these markets. The crypto community is growing tired of the invasive KYC processes that plague most other exchanges, and the anonymous trading allowed on Pullix could be a major selling point for many users.
With more than $7.2 million raised so far during the presale event, Pullix’s unique offering resonates with investors. This huge demand isn’t a surprise, considering analysts believe that Pullix could become the go-to trading platform in the trillion-dollar finance industry.
But the true potential of Pullix may not be seen until Pullix officially launches in the next few months and price discovery begins. The current presale price of $0.14 may seem like a bargain in the future when Pullix’s native token, PLX, gains mainstream adoption.
Experts predict that PLX could see a 100x increase as Pullix gains traction and as more traders become aware of its advantages. This prediction is based on the fact that Pullix offers real advantages over billion-dollar projects like Binance and Coinbase.
Cardano (ADA) Gears Up for Voltaire Upgrade
Cardano was created by Charles Hoskinson, a co-founder of Ethereum, to create an improved version of Ethereum. It gained widespread approval from the crypto community due to a scientific approach to its development that stood out in a sea of hype and speculation.
Cardano rallied to a token price of $3.09 and a market cap of almost $100 billion in the lead-up to the smart contract functionality upgrade, highlighting its potential for growth and adoption. However, this became a sell-the-news event, and Cardano retraced to below $0.25 just one year later.
While the current price of $0.58 shows a resurgence, Cardano still faces an uphill battle to hit the highs of 2021. Technical analysis shows a break of the $0.80 level is needed for a bullish continuation and attempt to break through the all-time high.
With a current market capitalization of $26 billion, outshining Pullix’s expected 100x gains is almost impossible. Optimistic holders look toward the Voltaire upgrade as the final piece of the jigsaw puzzle in the development of Cardano, which will deliver true decentralization and governance to its blockchain.
Should this upgrade go well, Cardano could start eating into Ethereum’s massive $46 billion TVL as a smart contract platform. Cardano’s TVL has doubled since late 2023, but it still pales compared to Ethereum’s dominance.
Fantom (FTM) Introduces ‘Sonic’ Upgrade
Fantom is a layer-1 smart contract platform that uses a directed acyclic graph (DAG) instead of a traditional blockchain structure. This unique framework allows Fantom to process transactions faster and with lower fees than other networks, making it an attractive choice for decentralized applications (dApps).
However, there is more to being a successful blockchain than just speed and low fees. Fantom is falling behind in adoption and developer activity compared to other layer-1 networks like Ethereum, Solana, and Cardano. This can be seen in the current Fantom TVL of $73 million.
The Fantom team is not disheartened, though. They have been actively working on improving the platform and have recently launched a major upgrade called “Sonic.” This update introduces the Fantom Virtual Machine, Carmen database storage, and an improved Lachesis consensus mechanism.
The Fantom chart shows two resistance levels at $0.40 and $0.60, and if the price breaks through these levels, a fresh Fantom bull run will likely emerge. Analysts note that a 10x is possible if all goes well for the project, but those jumping in the Pullix presale are still likely to see much higher returns.
For more information regarding Pullix’s presale see links below:
