Pullix (PLX) Defies Market Correction As Ethereum (ETH) and Polkadot (DOT) Slide Over 30% From Highs
- Polkadot has decreased in value by 30% but still has chances of recovery
- Ethereum dipped 12% and trades near the $3,500 range
- Pullix spiked 300% and according to analysts can surge 100x by end of Q1
Polkadot (DOT) has recently seen a major 30% decline, after the broader crypto market experienced a price correction phase. Moreover, this brought its value under the $10 range, leaving many traders worried.
Ethereum (ETH) on the other hand also took a hit in its value by 12% and is now around the $3,500 support range, resulting in many traders looking for diversification opportunities. While all of this happened, Pullix (PLX) has defied the market correction and has surged in value by 300%, positioning itself as a major market player. Today, we will go over each one of these altcoins to see which is one of the best altcoins to buy.
Polkadot (DOT) Slides Over 30% – Is There a Chance for Recovery?
Polkadot (DOT) has seen a major slide of over 30% on the charts which has resulted in a significant price decline. Specifically, during the past week, the Polkadot price saw a high value at $11.60, and a low value of $8.66 after the slip-up in value. However, according to the on-chart metrics, the Polkadot crypto has a chance to recover if it regains bullish momentum.
The overall RSI and MACD data is bearish, yet, if it regains at least 20% of its value, analysts project a price upswing, as according to the Polkadot price prediction, it can end 2024 at $13.94.
Ethereum (ETH) Slides in Value by 12% – How Far Can It Recover During 2024?
Ethereum (ETH) also displayed bearishness on the charts as it has experienced a sustained downtrend of 12% on t he weekly chart. The Ethereum price moved between $3,107.01 to a maximum value of $3,969.30 during the week, but is also down 7% on the wo-week chart.
Currently, the Ethereum crypto’s price correction is visible as the crypto still trades at $3,531. It needs to regain bullish attention and move above the $4,000 price range in order to reach new heights. However, if it does so, according to the Ethereum price prediction, it can end 2024 at $5,297 as its maximum value.
Pullix (PLX) officially launched after a successful crypto ICO period where it sold out quicker than anticipated and got listed on a variety of different exchanges. The catalyst for its major growth is its unique blend of CEX and DEX elements, where it takes the best of both worlds to create a hybrid platform which features Trade-to-Earn elements as-well.
Through its unique system, users can stake PLX to get a portion of the daily revenues. This is the revenue share system introduced on top of the platform, and all of it is available without any KYC procedures. These aspects position PLX as one of the best altcoins to invest in.
Moreover, the crypto is now listed on BitMart, XT.com, Uniswap, CoinMarketCap and CoinGecko, and will also get listed on MEXC on April 2, 2024. The Pullix website went live on March 21, 2024, and for the first 3 business days anyone can register for a demo account and explore the platform’s feature-set.
Users can also claim their presale tokens, where wallet change requests will be available only until March 26, 2024. Moreover, the token spiked from a listing price of $0.168 to $0.6734, marking a 300% climb, and at this rate, analysts project a 100x upswing by end of Q1, and it’s seen as one of the best altcoins to buy.
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