The Arbitrum (ARB) crypto price was trading with a positive momentum during the previous week. Its spot price is hovering above the $2.20 range, with a weekly upswing of 18.8%. Moreover, investors are now aggressively accumulating the crypto and placing bets on further increases, helping ARB gain in the short term.
Another top altcoin, Pullix (PLX), is fighting for the top spot in the 2024 altcoin season. To see which of these two altcoins can drive the upcoming market rally, we will review both on-chart data.
Arbitrum (ARB) Bulls Are Driving Its Price Trajectory Further Up – To Reach $2.94 by Q4
Arbitrum (ARB) is a well-known DeFI project that, on a technical level, has showcased strength. The bulls are on the front foot of the price and are driving its trajectory further upwards. The price currently trades within a bullish territory and stands to gain further growth during the upcoming trading sessions.
The Arbitrum crypto EMA on the chart remains below the ARB price, completing its bullish crossover at the 50-day EMA. The RSI indicator for the Arbitrum price turned north and entered the overbought zone. The overall sentiments are bullish, based on the combined analysis of its technical indicator. As a result, the pattern has sparked speculation that the Arbitrum price prediction will result in a value of $2.94 by the end of 2024.
Pullix (PLX) to Solve Liquidity and Transparency Issues in DeFi
Pullix (PLX) is benefiting from the altcoin surge ignited by Bitcoin ETFs’ approval by the SEC. DEXs did not see mainstream adoption for years as they lacked liquidity and transparency. This initially hindered the broader appeal they have, but Pullix will resolve these issues, it will do so through the introduction of the industry’s lowest fees, increased security and privacy, and an innovative liquidity provision approach.
As users are incentivized to provide liquidity, Pullix can offer far more appeal and competitive pricing than other platforms. It will feature institutional, liquid, and slippage-free trading to the DeFi community.
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Link: https://t.co/L7cW3c1SJW
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— Pullix (@Pullixmarkets) January 7, 2024
A revenue share model is also part of its ecosystem, as users can provide liquidity to the automated market makers and get fixed passive income.
Users can trade stocks, forex, ETFs, and commodities from a single account. Strict KYC procedures are not required here, enabling anyone to utilize the platform easily, no matter where they are from. The price of PLX has surged to $0.08, fueled by the ecosystem’s offering. Analysts project that the PLX crypto can rise to $1 at launch, following its listing on Tier-1 exchanges, and Pullix will even feature aDeFi and NFT Launchpad to provide the best opportunities.
Summary
Altcoins such as Arbitrum showcase bullish performance that can put them on the map for many traders. Presale-stage projects like Pullix have massive growth potential as they have historically seen massive surges.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
