The recent market decline brought on by the approval of spot ETFs has left the crypto market in recovery mode. With increasing network activity, Litecoin (LTC) appears bullish, but Ripple (XRP) is giving off conflicting signals. In the meantime, Pullix (PLX) has unveiled one of the most avant-garde exchanges ever, captivating investors. Read on to find out more.
Growing Network Activity To Fuel Litecoin (LTC) Rally
Despite being a hard fork of Bitcoin and significantly faster, Litecoin (LTC) has largely grown under the radar. However, recent data shared by Glassnode has shown an increase in network activity over the last few years.
According to the data shared, Litecoin had over 171 million wallet addresses as of January 22, 2023. Just a year later, the figure has increased by over 32.4% to hit 253.6 million LTC addresses. So, while the price of LTC has failed to keep up with the Bitcoin growth trend, its network has.
The Litecoin team has acknowledged this growth, calling it the “most active blockchain in the world.” Its increasing network activity is why analysts are bullish about LTC. From its trading range of $65, Litecoin is expected to peak above $200 in 2024, making it one of the top altcoins to watch.
Ripple (XRP) Flash Mixed Signals
Along with the crypto market, the price of Ripple (XRP) plunged from a 2024 high of $0.64 to $0.500. Although Ripple has formed a strong support at this price level, experts are unsure which direction XRP will go.
Crypto trader XRP Captain has highlighted a “Mega Triangle Pattern” for the Ripple coin. According to Captain, Ripple has been under this bearish pattern for more than 2,312 days. Hence, this breakout points to a major rally for one of the top altcoins over the next 6-7 weeks.
While Captain hints at a major price target of $24, Crypto Rover has noted that a major price plunge could happen. With no clear direction established for the Ripple coin, many investors are moving to other top altcoins, like Pullix.
Pullix (PLX) Captivatives Users With Hybrid Exchange Platform
Pullix (PLX) is a new DeFi project that has been captivating investors in the crypto space. Albeit a new exchange platform, Pullix stands out by combining the best features of both decentralized (DEX) and centralized (CEX) models. Pullix aims to revolutionize the crypto exchange space.
The hybrid infrastructure of Pullix is designed to offer a lot of benefits to consumers specifically. What has the attention of most investors in regard to Pullix is its associated markets. Pullix lets you trade the forex market, stocks, commodities, and also ETFs. This implies that the users can trade assets in these markets using crypto as leverage.
Pullix could be in a position to benefit from the liquidity advantage these markets provide. The forex market alone sees more than $6.6 trillion in daily trades. It also provides the users with an easy access and management tool for their portfolios. Pullix offers advanced AI tools aimed at improving the analysis of the markets for traders.
And with all of these interesting features, people are rushing to register on the exchange. For 2024, experts believe that the native token of the DeFi project, PLX, could increase by up to 100x thanks to the high liquidity potential and demand. It currently trades at $0.10 per token, making it one of the best altcoins to watch in 2024.
Closing Thoughts
Although Litecoin’s positive prospects for the near future are very clear, Ripple investors remain unclear because of the flashing mixed signals. In contrast, Pullx (PLX) is the ideal investment for investors looking to benefit from the 2024 bull market. Pullix might just be the next crypto unicorn with its exciting platform and link to major financial markets.
For more information regarding Pullix’s presale see links below:
