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Solana spearheaded one of the biggest cryptocurrency market surges in 2023, sending it soaring over 1,000% to a $125 annual high.
The following DeFi coins are worth considering for those that missed out: Internet Computer, Avalanche, Pullix, and Injective.
Analysts claim that these tokens are prepared to pump much like Solana.
Over the last week, Avalanche (AVAX) has been mired between $30.91 and $36.37 as bulls have been unable to take back the $40 area.
Remarkably, out of thirty green days, the Avalanche cryptocurrency has only recorded twelve. Analysts interpret Avalanche trading above the 200-day SMA, however, as a bullish indication.
The price of Avalanche cryptocurrency will likely regain pace and challenge the upper resistance level of $40.01 shortly if the bulls are able to push it above the $35 resistance level.
Furthermore, the Avalanche token could go as high as $54 in the upcoming months if the market maintains it at that level.
Pullix (PLX) has gained 100% in the last month and is presently trading at $0.08.
Analysts predict that in 2024, the token will provide returns of 1000%, similar to those of Solana.
Pullix is thrilled about this since it is still in the presale stage and might make a ton of money after listing on CEXs.
Pullix’s pricing trend in 2023 will therefore probably resemble Solana’s. Examining the Pullix platform now.
Pullix, a hybrid exchange, plans to go live in the first quarter with the goal of lowering transaction costs and streamlining the trading process to make it easier to use and faster.
It seeks to offer a variety of trading opportunities, including foreign exchange (FX), equities, commodities, gold, silver, and commodities.
With a daily trade volume of $6.6 trillion, the FX market is the platform’s primary focus, providing the exchange with greater liquidity than its competitors.
Pullix has an incredible opportunity to advance with this addition. Pullix’s network may become more active as a result of this operation, increasing the value of the PLX token.
One of the front-runners to be named the greatest cryptocurrency to invest in in 2024 is now Pullix.
Owners of PLX tokens get more than just a lucrative investment. They also get access to assets and special trade rights.
Pullix contributes significantly to liquidity, which makes it noteworthy. Interest rates on liquidity contributions to the exchange might range from 8% to 18%.
In order to provide equitable treatment for everybody, an algorithm determines these rates.
The price of Injectable (INJ) shot up to $34.64 on December 15th, 2023, a gain of more than 2,700%. As a result of the positive attitude toward AI-based coins, Injective surged.
On January 9th, 2024, the Injective currency reached yet another all-time high of $45.19. Over the past week, the Injective price has fallen to between $33.72 and $41.67 due to the unfavorable sentiment in the market.
Nevertheless, Injective’s annual pricing chart shows a 1616.3% increase. Because of this, it is a good bet for profits similar to those of Solana in 2024.
On the monthly chart, Internet Computer (ICP) is up 20.5%, ranging from $8.78 to $16.26. The 50-day SMA ($9.84) and 200-day SMA ($5.35) are both above the token’s trading price.
Read More: Bitcoin Hovers Near $40k, Solana (SOL) Up 12%, Cardano (ADA) Steady, MANTA Hits Record High
Internet Computer saw 13 green days in the previous month and experienced a price volatility of 13.60% during the previous 30 days.
Twenty-two technical analysis indicators for Internet Computer indicate bullish signals, while five indicate bearish signals. This indicates a higher likelihood of profits in the upcoming weeks.
Analysts’ price projection for Internet Computer is that it will increase by 47.04% and hit $16.22 in the upcoming weeks.
It is anticipated that in 2024, the DeFi tokens Avalanche, Pullix, Injective, and Internet Computer will have profits comparable to that of Solana.
They can be added to a portfolio by investors looking to increase their cryptocurrency holdings.
Disclaimer: The information provided is for educational and informational purposes only. It does not constitute financial advice, and you should always conduct your research or consult with a professional before making any investment decisions.
