A crypto analyst has called 2024 a major year for Cardano. Meanwhile, investors are curious about whether Injective and Pullix will also have a great year. Notably, Pullix is already recognized as the greatest altcoin to have due to its massive sellout of its early presale stages. Therefore, its chances of success this year are huge.
In a YouTuber video, the analyst behind the Crypto ZX channel noted that 2024 will be "massive" for Cardano (ADA) based on historical data.
The expert cited Cardano's history to predict a good year for the cryptocurrency. He said Cardano began at the apex of the 2018 bull market but didn't achieve significant gains for two years.
Cardano dropped below $0.11 months after debut and fluctuated from August 2018 to June 2020. After that, the crypto token rose 8,288% to $3 in 2021, its all-time high. Based on this, the expert advised Cardano investors to remain patient as Cardano may break out and experience a parabolic surge.
Crypto ZX analyst: Bear market cycle ends at 78.6 Fibonacci retracement. He said ADA is failing to break that level due to heavy selling pressure. He thinks Cardano's piece could reach that Fibonacci level before those months. However, he does not see "massive moves" until May.
Pullix (PLX) is making waves in the cryptocurrency market. It is fast emerging as a top new challenger poised for major gains in 2024. Its unique hybrid trading platform, which effectively combines the best of DEX and CEX, is gaining traction, particularly with its cryptocurrency ICO.
This DeFi project was created to allow users to manage several assets, including cryptocurrencies, from a single account. This gives them access to broad financial markets such as Forex.
According to the Triennial Central Bank Survey, the market had a daily volume of $6.6 trillion in 2019. Pullix's ecosystem includes VaultX, a decentralized yield optimizer for generating compound interest on crypto assets. Also, there is a lending protocol that provides a lending and borrowing market.
Lastly, Pullix has a Copy Trading feature. This is an AI-powered tool that allows users to mirror professional trades. To use these features, you will need Pullix's altcoin, PLX, which is presently priced at $0.08 during its Stage 6 presale.
Pullix's introduction in January aroused great attention among cryptocurrency investors. Analysts forecast a 100x gain in value for PLX after it reaches Tier-1 CEXs in the first quarter of 2024. This cements its position as a must-watch cryptocurrency ICO.
Over the last few weeks, the price of Injective (INJ) has been trading inside a range. INJ has been consolidating between two levels of profit-taking and investor buying.
Since December 20th, the Injective's price has stabilized between $31.00 and $43.51. Meanwhile, the DeFi project is about to unlock a large amount of its token.
On January 21st, the Injective network will release 3.67 million INJ tokens worth $148.72 million at current prices into the market. The amount of unlocks accounts for 4.33% of the network's total supply.
However, analysts believe Injective can withstand the sell-off after the token unlock. Besides, they have predicted huge gains for Injective coin in 2024.
Analysts are bullish on Cardano and Injective to see high gains in 2024. Similarly, 2024 promises to be a great year for the DeFi project, Pullix. It will launch its exchange in Q1 2024, and analysts have projected a 100x surge after its launch.
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