Avalanche and Cardano volatile, Pullix launching in 30 days
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The crypto market has been quite volatile since the start of the year, with some coins like Avalanche (AVAX) and Cardano (ADA) declining. Investors are looking at resilient alternatives, including Pullix (PLX).
Avalanche may rally above $63
Avalanche recently announced the release of “Vryx,” a new staking solution.
Following this, AVAX prices rose to $35.94, up 11.73% in the past week. Analysts say the coin could edge even higher, increasing to $63 and $86 in a buy trend continuation formation.
Avalanche is currently the ninth largest coin, with a market cap of $13.3 billion.
Cardano price analysis
Cardano has added over 10,000 new smart contracts, a significant milestone for the platform.
However, ADA remains under pressure, dropping by 18% since the start of the year.
Even though the deployment of new smart contracts is a net positive, analysts say traders should proceed with caution.
Pullix launching in 30 days
Pullix has raised $4.8 million and attracted 15,000 users during its presale.
The platform offers a profit-sharing model, token burn, and fixed interest rates between 8% to 18%.
Security measures include cold storage and multi-signature wallets. Pullix also plans to incorporate the Forex market.
PLX is trading at $0.10 at this presale phase. Moreover, the platform is running a meme giveaway contest.
Analysts are bullish, expecting PLX to register more gains once it lists in mainstream exchanges.
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