2024-2-15 12:12 |
Digital coins painted their price charts green as Bitcoin (BTC) jumped to 2-year highs on ETFs-driven rallies. Meanwhile, Ethereum (ETH) and the revolutionary Pullix (PLX) seem sustain uptrends as they eye astronomical highs in 2024.
Pullix is a new crypto project that has made waves with its successful presale, and proponents predict a 100x surge in PLX prices after the official launch – within the next eight weeks.
Ethereum targeting $10K on bullish cuesEther’s price recorded significant uptrends within the past few weeks. That saw it overcoming the crucial hurdle at $2.6K. The crypto traded at $2,651 at press time, up 13% on its 7-day chart. However, can the alt sustain consistent surges in the upcoming months?
Bulls have dominated the crypto market since early 2024, capitalizing on ETFs and Bitcoin halving narratives. BTC seems poised for continued upswings, which might see alts outperforming in percentages.
Moreover, the potential Ethereum exchange-traded fund could see ETH prices exploding. Franklin Templeton attracted attention after its Ether spot ETF application, and some believe that will open the road to $10K for the leading altcoin.
Franklin Templeton's Ethereum spot ETF application triggers a 7.7% surge, pushing Ethereum to $2,673 amid a broader market rally. With a $1.5 trillion AUM, Franklin Templeton's move follows successful Bitcoin ETF launches, fueling anticipation for Ethereum's potential $10,000…
— BlockVoyager (@BlockVoyagerAIO) February 13, 2024 Pullix’s opportunities attract enthusiastsPullix is a new crypto project intending to build a one-of-a-kind exchange by combining centralized and decentralized services. It has seen immense traction as it solves liquidity issues within the decentralized finance (DeFi) sector.
Pullix sees growing popularity as its exchange launch approaches. The project has raised more than $5.6 million in its ICO phase, and the hybrid platform will arrive in the next two months.
Also, the impressive earning opportunities for PLX holders drew massive support from the cryptocurrency community.
The hybrid exchange uses PLX as its utility coin, which can serve various purposes, including completing transactions and staking rewards. Moreover, the Trade-to-Earn feature allows users to receive credited tokens through participation despite their trading results.
Moreover, Pullix developers have introduced a token burn campaign to reduce PLX coins in circulation. That will introduce scarcity and magnify the alt’s value.
PLX trades at $0.1 at press time, and experts forecast a 100X surge for the alt this year.
You can find more Pullix information on their official website.
The post Ethereum (ETH) and Pullix (PLX) price outlook: Why investors are betting big on these alts appeared first on Invezz
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