Together with Bitcoin, the altcoin market saw two consecutive weeks of sharp declines in price. Some altcoins, though, seem to be going already experiencing a trend shift. Showing outstanding bullish momentum, Stacks (STX), Pullix (PLX), and Celestia (TIA) are leading the altcoin market recovery. Let’s find out the cause of their recent bullish outings.
Pullix (PLX) Attracts Investors With Next-Gen Exchange Platform
Pullix (PLX) was an outstanding success story even through the recent crypto market decline. In its cryptocurrency ICO phase, Pullix has sold over $4.5 million worth of PLX tokens. Pullix has attracted a lot of attention since it is unique in that it is the first platform to address the problems with liquidity and transparency in cryptocurrency exchanges.
The goal of this new DeFi project is to develop a hybrid strategy that prioritizes increased security and liquidity. Investors may maintain control over their assets with Pullix since it keeps others out. This will open the door for strong security measures, autonomous trading, and restored investor confidence.
In addition, Pullix will incentivize users to provide liquidity, thereby attracting more users and driving up demand for the exchange. The DeFi project also gets liquidity from offering a series of trading features such as perpetual futures, contracts for differences (CFD), lending protocol, and NFT launchpad.
The platform’s native utility token, PLX, an ERC20 token, is currently on sale for $0.10 with its cryptocurrency ICO. Holders of the PLX token will earn a percentage of the daily revenue generated on the platform. While this has fueled the demand for the ERC20 token, analysts have forecasted a 25x for PLX as the exchange launches in Q1. This has made it one of the best altcoins to buy in 2024.
Stacks (STX) Recovers Bullish Momentum As Halving Nears
Stacks (STX) was one of the top performers in 2023. However, as Bitcoin crumpled on increased bearish pressure, so did the Stacks coin. But, things are beginning to look bright for Stacks, with STX forcing a recovery.
Following a 15% price surge, STX has recovered from the losses incured over the last 2 weeks. The Stacks coin has had an amazing 125% increase over the last 60 days, but still being down 7% over the previous 30%. The altcoin price has risen above $1.4 once again as a result of its recent comeback.
With the halving of Bitcoin scheduled to occur in less than three months, many observers are optimistic about Stacks’ prospects. The fact that STX is the top layer 2 network on Bitcoin is the primary factor contributing to its potential price increase above $2.
Celestia (TIA) Extend Gains As Network Adoption Increases
Like Stacks, Celestia (TIA) has been in recovery mode over the last few days. The price of TIA has increased by more than 20% from its recent price drop to $13.7. Celestia is currently among the leading altcoins, having increased by more than 36% year to date.
A spike in developer activity has coincided with an increase in the altcoin price. With its October launch, Celestia unveiled a modular blockchain infrastructure. Celestia is quickly emerging as a top choice among dApp developers due to its effectiveness and great scalability. A new all-time high in TIA could be reached in 2024 as network activity rises.
In Conclusion
The altcoins market is showing signs of recovery, and Stacks (STX), Pullix (PLX), and Celestia (TIA) are leading the way with impressive gains. Because of the increasing activity STX and TIA are in a great position to extend their gains. However, PLX looks poised to outperform the entire market with an exchange platform that could revolutionize crypto trading.
For more information regarding Pullix’s presale see links below:
