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02/09/2024

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Altcoin Market Rally: SOL and ADA Lead Recovery, PLX Nears Major Price Surge

The altcoin market has embarked on a major rally amidst a $51 billion boost. Solana (SOL) and Cardano (ADA) are the top altcoins leading the market recovery, Following the surge to $0.01, crypto experts have...

Altcoin Market Rally: SOL and ADA Lead Recovery, PLX Nears Major Price Surge
  • The altcoin market has embarked on a major rally amidst a $51 billion boost.
  • Solana (SOL) and Cardano (ADA) are the top altcoins leading the market recovery,
  • Following the surge to $0.01, crypto experts have forecasted a 25x surge for Pullix.

The cryptocurrency market has received inflows of more than $51 billion, pushing its market cap above $1.71 trillion, as per CoinMarketCap. The top altcoins leading the market recovery are Solana (SOL) and Cardano (SOL). Another altcoin that has caught the attention of the crypto community is Pullix (PLX). Read on to learn more about the projections for these altcoins.

Solana (SOL) Reclaims $100, Could Record More Gains

Solana (SOL) has experienced a sharp surge in price from its 2024 price of $79. From this low recorded on January 23, the price of the Solana coin has increased by more than 30%. This has seen SOL peak above the $100 support level. 

Trading above the $100 support positions the Solana coin for bigger gains. If SOL remains above this level over the next few days, its price could surge as high as $130 in the coming weeks. The recent price surge comes amidst a broader recovery of the crypto market.

Pullix (PLX) Prepares for 25x Price Surge

Pullix (PLX) is a new DeFi project that has been steadily gaining traction over the past few weeks. The project’s hybrid exchange platform has generated interest among cryptocurrency enthusiasts. Pullix is designed to give access to a variety of markets, including stocks, options, forex, and commodities. It has the potential to revolutionize the cryptocurrency exchange industry.

Another thing that sets the DeFi project unique from other cryptocurrency exchanges is its enormous earning potential. With the launch of its “trade-to-earn” feature, Pullix customers may now receive rewards for hitting trading milestones. Pullix offers staking as well, but it goes one step further with a novel multi-currency staking idea.

Pullix has introduced multi-currency staking, enabling traders to use a variety of cryptocurrencies for trading. The trading platform is made even more exciting by its user-friendly, fluid interface. Whatever level of experience a trader has, Pullix is meant to be user-friendly.

With over 15,000 new users onboarded in only a few weeks, Pullix has experienced a boom in activity due to these amazing features. Crypto experts have predicted a 25x price increase for PLX in the upcoming weeks due to the tremendous support given to the project before to its launch during the next 70 days.

Cardano (ADA) Could Surge By 32% in the Coming Weeks 

With a 10% price gain, Cardano (ADA) has finally broken free of its multi-week consolidation. For the majority of the previous month, the cryptocurrency price remained trapped below the $0.5000 resistance. But as of late, ADA has surged to highs over $0.5300.

The altcoin price could increase even more in the coming days, thanks to its recent rally. Leading market expert Ali Martinez has predicted that if Cardano stays over $0.5300, it might rise as much as 32%. Martinez has established a $0.630 price goal for the altcoin.

The Cardano coin has not traded around the resistance level of $0.6 since January 11. This suggests that the $0.6 mark is important, and breaking it might lead to an even bigger rally. But for all these to happen, the altcoin price must stay above the $0.5300 level.

Closing Thoughts

The altcoin market is looking increasingly bullish, with several altcoins ready for a big break. Solana and Cardano already look set for major price increases in the coming weeks. Meanwhile, Pullix presents the biggest opportunity as its exchange platform prepares to launch in the next 30 days.

For more information regarding Pullix’s presale see links below:

Visit Pullix
Join The Pullix Communities

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