MultiversX (EGLD), VeChain (VET), and Pullix (PLX) in the spotlight
Bitcoin continues to struggle to recover after falling below the weekly resistance level of $43.72K on Monday. The largest and most valuable cryptocurrency by market capitalization and price has experienced huge fluctuations over the past week and even today, reaching 43K again before falling again.
Bitcoin is currently priced at a volatile $42K and investors are a bit tired of these highs. Meanwhile, attention is slowly shifting to other altcoins, with MultiversX, VeChain, and Pullix gaining attention.
Can MultiversX, EGLD reach $70 by next year?
Elrond, now known as MultiversX, has had a good week as the cryptocurrency is currently up 17.45% for the week. A very unique cryptocurrency platform known for its highly receptive and fast nature is considered to be one of the best cryptocurrencies to buy in 2023.
Although the MultiversX cryptocurrency fell below its support area for the day, the volatility it is currently facing doesn’t seem bad enough compared to how well it has performed over the week and over the past 30 days.
Nonetheless, the current fluctuations affecting the MultiversX cryptocurrency are worrisome, considering the loss of up to 44.24% in trading volume over the last 24 hours.
Nonetheless, it looks like MultiversX will soon break out of its current price of $58.94 and approach $70 by 2024. The reason for this speculation is that the MultiversX cryptocurrency has an impressive bullish rating of 85%. CoinGecko
Year-end VeChain (VET) price prediction
VeChain (VET) has been actively participating in various development initiatives, most notably hosting “The HiVe Event”, which attracted the attention of the Web3 community. Throughout 2023, VeChain will continue to update its ongoing projects and recently released the VET 3.0 protocol in a new whitepaper on March 6, 2023.
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Currently, VeChain coin is trading at $0.02941 and has surged 13.71% in the last 7 days. CoinMarketCap. VeChain price prediction based on Changelly’s expert analysis suggests a minimum of $0.0261, a maximum of $0.0297, and an average of $0.0289 for VeChain coins by the end of the year.
VeChain price remains significantly lower (89.34%) compared to its all-time high of $0.2782, but despite market difficulties, the current positive trend is noteworthy. Future prices are influenced by factors such as market sentiment and VeChain project developments, so this could be a good cryptocurrency to buy in anticipation of a rally next year.
Pullix is emerging as a problem solver and revenue generation model.
Pullix serves as a beacon for the cryptocurrency market and solves critical issues plaguing the cryptocurrency sector. Traditional exchanges often charge traders high fees, eating into their profits. But Pullix innovates this by charging 0% commissions, making trading cost-effective.
Currently, trust in the cryptocurrency community is shaken by events such as the FTX crash and Binance payments. However, Pullix solves this problem by ensuring trust as a non-custodial exchange and allowing users to trade a variety of assets, from gold to Tesla stocks and Forex pairs.
Pullix also strategically operates as a decentralized exchange with no KYC requirements. The platform ensures transparency by allowing users to connect wallets, trade freely and manage their assets. This feature positions $PLX as one of the best cryptocurrency investment projects for next year.
Interestingly, the Pullix ecosystem also introduces decentralized swaps with a decentralized off-chain order book, a lending protocol, a compounding vault for holdings, and automated market maker (AMM) functionality. The AMM model guarantees low fees, and yield farming allows users to earn $PLX while contributing to liquidity.
With its planned launch in January 2024, Pullix is emerging as a transformative force in the cryptocurrency market, offering the best cryptocurrency investment opportunities. The pre-sale is currently in Phase 2 and each token is priced at $0.042 and is selling quickly.
For more information on Pullix’s pre-sale, see the link below.
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disclaimer: This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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Source: https://thecryptobasic.com/2023/12/21/altcoin-resurgence-amid-bitcoin-btc-fluctuations-multiversx-egld-vechain-vet-and-pullix-plx-in-the-spotlight/?utm_source =rss&utm_medium=rss&utm_campaign=altcoin-resurgence-amid-bitcoin-btc-fluctuations-multiversx-egld-vechain-vet-and-pullix-plx-in-the-spotlight