In this article, we shall look at the price prediction of the three best altcoins in the crypto space. They include Cardano, Pullix, and THORChain. An analyst has predicted a massive surge for Cardano in Q3 and Q4 of 2024. Also, Pullix and THORChain are expected to see huge gains.
Cardano (ADA) To See Huge Gains in Q3 and Q4 of 2024
Nick, a notable crypto analyst and host of Cheeky Crypto, predicted that Cardano (ADA) may rise to new highs if the market selling pressure goes down. In a recent YouTube video, he predicted a strong return for the DeFi coin alongside a Bitcoin price surge.
The analyst expects the cryptocurrency to reach $0.74–$0.84. Nick predicted that Cardano’s price would rise briefly before a greater correction. He said this correction might drop Cardano to $0.30–$0.35.
Nick noted that Cardano will profit from the expected Federal Reserve interest rate drop this year. Nick predicts substantial capital inflow for Cardano after a rate drop in Q3 and Q4 2024. If the Fed’s pivot fails, the token may fall again.
THORChain (RUNE) Price Prediction
After soaring to a monthly high of $6.47, THORChain (RUNE) has fallen to $3.89 as bearish pressure continues to rise. Still, the THORChain coin has held its position among the top 60 cryptos by market cap.
The DeFi coin has recorded just 13 green days in the past month. Also, it has had an 11.27% price volatility over the last 30 days. Meanwhile, the general THORChain coin price prediction sentiment looks bearish. Only 12 technical analysis indicators give bullish signals, while 20 give bearish signals.
The only solace that investors have is the THORChain price, which is sandwiched between the 50-Day SMA ($5.19) and 200-Day SMA ($2.98). Still, analysts are hoping for a turnaround. According to their THORChain price prediction, THORChain is predicted to rise by 35.42% and reach $5.50 in the coming weeks.
Pullix (PLX) Price Forecast
Pullix (PLX) is quickly gaining fame in the cryptocurrency world. This DeFi project has already sparked significant interest, raising $4.3 million and attracting millions of traders worldwide. Pullix is expected to rise significantly in the following weeks, with analysts predicting a 20x gain in value and a potential 100x jump after its debut.
Pullix’s upcoming debut will feature the world’s first hybrid trading platform, combining the strengths of DEX and CEX. Pullix’s 0% trading fee policy stands noteworthy. Additionally, the platform provides low-cost token swaps using Pullix’s DeFi Swap.
The exchange’s native cryptocurrency, PLX, is crucial to its ecosystem and is used for platform trade. It includes the revolutionary concept of “trade-to-earn,” which allows you to stake PLX and earn a share of Pullix’s daily profits.
The team is also considering a token burn strategy to reduce PLX supply and increase its value for long-term investors. The PLX token, currently worth $0.10, is expected to rise in value as the presale unfolds. This places Pullix as one of the best DeFi projects in the market and a worthy contender for established players like Cardano and THORChain.
Final Thoughts
The price prediction for the three altcoins appears bullish. Nevertheless, Pullix is one coin to keep an eye on due to its features and exposure to more tradeable markets.
For more information regarding Pullix’s presale see links below:
Join our WhatsApp and Telegram Community to Get Regular Top Tech Updates
This news is republished from another source. You can check the original article here