A well-known financial expert, Max Keiser, recently warned about a significant drop in Solana (SOL) to $20. This alarming statement has caused quite an uproar among the crypto community. Investors are now diverting their attention to Pullix (PLX) - a new DeFi project in Stage 6 of its presale. Some analysts even foresee this altcoin soaring by 100x in 2024.
Max Keiser With a Bearish Solana Price Prediction
Max Keiser recently raised concerns about Solana (SOL). According to his tweet, the Solana price now faces a potential drop to $20. Investors are now being forced to rethink their strategies.
In terms of the Solana coin value movement, it has fluctuated between $74 and $98 in the past month alone. Additionally, its market cap has risen from $31.31B to $42.44B during that time. However, the technical indicators show a bullish sentiment for SOL, as 26 are green. Because of this, other market analysts foresee a price of $114 for Solana within Q2 of 2024.
Pullix (PLX): One of the Top DeFi Projects
Pullix (PLX) has been gaining traction for its hybrid exchange model, bringing the best of CEX and DEX. With this innovative approach, traders worldwide will experience minimal fees, deep liquidity, and high leverage at 1000:1. Not only that, unlike Binance, Pullix will allow the trade of all asset classes, all within a single trading account.
Those looking to support this DeFi project are rushing to its presale. With over 11,000 registrations, over 70M tokens sold and close to $4M raised, it is clear that support is high. During this period, investors can buy the PLX native token for a discount. This token is the backbone of Pullix, serving as the main currency used for trading.
Holding PLX will result in exclusive access to certain assets and reduced trading fees. What makes this altcoin so unique is the fact that it is the first “Trade-to-Earn” crypto. In other words, Pullix will reward PLX stakers with a percentage of their daily earnings. Pullix will also introduce a burn feature that will increase its value - benefiting long-term PLX holders.
ISDA said the OTC derivatives market was valued at $618T in 2022. Pullix is strategically positioning itself to dominate this market. Thus, market analysts are bullish about PLX’s long-term growth potential. As a matter of fact, they foresee its current price of $0.08 (a 100% pump from its starting price) to soar by 100x once it hits exchanges in Q1 of 2024.
Can Pullix Compete With Solana?
While there are uncertainties surrounding Solana, investors are turning to Pullix as a resilient alternative. With its market cap at $16M, Pullix offers a more agile and potentially less volatile option. To clarify, this altcoin would need a smaller amount of new money injected into it for its price to surge. Because of this, Pullix may leave Solana in the dust.
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