Analyst bullish on Polkadot; Pullix and Maker leading altcoin season
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto analyst Michaël Van De Poppe is bullish on Polkadot (DOT). Meanwhile, Pullix (PLX) and Maker (MKR) are some of the emerging altcoins that are gaining traction. Some analysts predict that PLX, which is now in stage 7 of 8 of its presale, will rally in 2024.
Polkadot to $17?
Michaël Van De Poppe believes DOT is bullish as prices retest crucial support at around $5.50.
The analyst banks on Polkadot 2.0 to trigger a move up to $17 in the days ahead.
Over the past week, the Polkadot price has fluctuated between $7.17 and $6.43. Its market cap also fell from $9.10 to $8.18 billion during this period.
As it trades over its 50- and 100-day EMAs, experts predict this altcoin may surge to $7 in Q1 2024.
Pullix is looking to disrupt defi
According to a report by ISDA, the OTC derivatives market was valued at $618 trillion by the end of 2022.
Pullix is looking to enter this market by creating a unique hybrid trading platform that enables trading of all asset classes (including OTC derivatives, gold, and cryptocurrencies) using a single account.
It will merge features of centralized and decentralized exchanges, allowing for asset custody-free trading with 0% commissions on trades.
The Pullix team will also introduce other ecosystem components, such as:
- Swap for token trading at minimal cost.
- Copy trading for users to replicate trades from veteran traders and capitalize on their choices.
In stage 7 of the ongoing presale, over 80 million PLX have been sold. Accordingly, the project has raised over $4.5 million.
Presently, PLX is available for $0.10.
The “trade-to-earn” revenue-sharing model sets PLX apart.
PLX stakers will receive a percentage of Pullix’s daily revenue.
Maker price breaks above $2,000
Maker prices recently broke above $2,000.
CoinMarketCap data shows prices rose from $668 to $2,121 in the past year.
Its market capitalization grew from $653 million to $1.95 billion during that period.
The technical analysis shows that 25 technical indicators are in the green.
Experts predict Maker will reach $2,818 by Q2 2024.
Will Pullix outpace Polkadot and Maker?
With its market cap currently only at $20 million, Pullix is relatively illiquid and, thus, volatile. Some analysts say PLX may outperform DOT and MKR in the months ahead.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
