Analyst bullish on Dogecoin, Will Pullix and Celestia take over?
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Crypto analyst Ali Martinez is bullish on Dogecoin (DOGE). Meanwhile, Pullix (PLX) and Celestia (TIA) are increasingly popular. While DOGE and TIA are established players, PLX is a presale project on which some analysts are bullish on its prospects.
Dogecoin to $0.10?
Recently, crypto analyst Ali Martinez shared a 3-day chart of Dogecoin.
It suggests the meme coin could rebound to $0.10 if the crucial $0.074 support level holds.
Over the past week, DOGE has been fluctuating between $0.07876 and $0.08143, though its market capitalization is up from $11.25 billion to $11.61 billion.Â
As prices trend above the 21- and 50-day EMAs, DOGE might rise to $0.1102 by the end of Q1 2024.
Pullix is rising up the defi rankings
According to the Bank for International Settlements (BIS), the over-the-counter (OTC) derivatives market was worth an astounding $20.7 trillion in 2022.
Pullix has set its sights on capturing a portion of the trading market by introducing its hybrid platform.
The platform has improved liquidity, access to various asset classes- including cryptocurrencies – and competitive trading charges.
In stage 6 of its presale, Pullix has raised $3.6 million from selling 70 million PLX. Presently, each PLX is available for $0.08.
PLX serves as the native currency on the Pullix platform, facilitating trades and granting holders access to reduced fees and exclusive assets.
Pullix offers a “trade-to-earn” model. PLX holders can earn a portion of the platform’s daily revenue by staking. Additionally, traders can stake other coins on Pullix for fixed interest rates, expanding the possibilities for passive income.
Analysts expect PLX to rally once it lists on leading crypto exchanges in Q1 2024.
Analyst bullish on TIA
Another crypto analyst, Romano, is bullish on TIA.
In his latest tweet, he lauded Celestia’s development potential.
TIA remains firm, rising from $13.79 to $19.17 in the past week. Its market cap rose from $2.12 billion to $3 billion during this time.Â
This altcoin is expected to maintain its bullish momentum, with 15 technical indicators pointing towards a positive outlook.
As a result, analysts predict that TIA may retest $22.92 by Q1 2024.
Pullix versus Dogecoin and Celestia
Comparing these altcoins, Pullix has a lower market capitalization of $16 million compared to Dogecoin and Celestia. This small market cap implies that Pullix has the potential for rapid growth. This could explain the increasing demand in the ongoing presale.
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