Kyber Network (KNC) traders recently turned to Avalanche (AVAX) and Pullix (PLX). KNC experienced a $48.8 million exploit in November of 2023. Afterward, its workforce was cut in half.
This left many worried and prone to diversification. They turned to AVAX and PLX as a direct result. We will go over each altcoin to see how far they can increase, and to see which is the top crypto to invest in.
Avalanche (AVAX) Grows 270% – To End 2024 at $68.91
Avalanche (AVAX) recently saw a major upswing, where it’s up 270% in the past year. The price has exhibited a sign of resurgence and bounced back. It thrust a rally upwards from the critical $40 level. The Avalanche crypto highlighted an upswing of 90% in the past 30 days.
Based on the on-chart metrics surrounding it, the Avalanche price moved from $38.14 to $45.23. With this momentum in mind, it can reach significant gains during 2024. According to the Avalanche price prediction, it can reach $68.91 by the end of Q4.
Kyber Network (KNC) Faces Major $48.8 Exploit – Price Becomes Volatile
Kyber Network (KNC) faced unprecedented challenges due to the Elastic exploit. The total damage done by this exploit was $48.8 million. A month afterward, 50% of its workforce was cut completely.
Despite this, the value of the Kyber Network crypto did not plummet. During the past year, it’s up 58.6%. During the previous week, the crypto went up from a low point of $0.69 to $0.76, marking significant growth for Kyber Network.
The CEO behind the project, Victor Tran, commented on December 25 on the future of the project. According to him, the decision to part ways with so many of the team members was “heart-wrenching”. According to the Kyber Network price prediction, it can end in 2024 at a value of $1.25.
Pullix (PLX) to Fuse Together Best Elements of CEXs and DEXs
Pullix (PLX) is an upcoming platform in its crypto ICO phase that will bridge the gap between CEXs and DEXs. It will provide users with access to the benefits found in both types of exchanges.
They have faced liquidity problems, which have hindered the growth and adoption of their technologies. Pullix offers a unique approach and will establish a user-friendly platform.
It will ensure that users retain custody of their assets while enjoying the security features of a centralized exchange. Alongside this, it utilizes a unique approach to liquidity provision. Users are incentivized to provide liquidity.
As a result, it can offer far more competitive prices compared to other platforms. This can attract more users and drive up the demand for the PLX crypto. Pullix will even offer institutional, liquid, and slippage-free trading to the DeFi community. These aspects make PLX a top crypto to invest in.
Summary
While Kyber Network is attempting to recover and Avalanche is surging, Pullix is also getting massive activity during its presale.
The project recently reached a significant milestone, where Stage 5 of its presale is now 85% complete. The PLX crypto trades at $0.07 during this time. At Stage 6, it will climb to $0.08, and at launch, it can surge by 100x based on the latest analyst projections.
For more information regarding Pullix’s presale see links below:
