Why Chainlink (LINK) and Avalanche (AVAX) Could Rise 100X, but Pullix (PLX) Offers More Upside in 2024
Posted: Dec 19, 2023 1:13 PM Updated: Dec 19, 2023 1:13 PM
There are many promising projects in the cryptocurrency world! Today we are focusing on three long-term promising projects: Chainlink, Avalanche, and Pullix. But let’s find out which one of them is the best for 2024!
Chainlink (LINK): Lagging behind the bull market
Chainlink (LINK) rewards node operators on the Chainlink oracle network for fetching real-world data, validating it, and transmitting it to the blockchain. This feature is very important to the Chainlink ecosystem. There is reason to believe that Chainlink will do well as the bull market grows and the expected replacement season approaches.
As more smart contracts are introduced in the cryptocurrency world, transferring real-world data to decentralized blockchains is becoming more challenging. How can you diversify your bets based on real events?
Chainlink solved this problem with its oracle network. Clearly, as the overall market booms, the need to connect real-world data to decentralized blockchains will grow. Chainlink will find its way up here.
Last month, Chainlink gained just 0.25%, and over the past 7 days it has fallen 11.41%. We can see that Chainlink is lagging behind the bull market, and with greater interest in smart contract ramifications on the oracle network, we can expect Chainlink to soon catch up and perhaps even snowball.
It’s not impossible to imagine x100 in a few years. However, it is highly unlikely that it will exceed $100 in 2024.
Avalanche (AVAX): Up 103% over the past month
Avalanche is playing a similar game to Chainlink. It consists of three separate blockchains: X-Chain, C-Chain, and P-Chain. They all have different use cases, and depending on the use case, they also use different consensus mechanisms. This architecture allows for fast transactions and scalability options, enabling network growth. Moreover, the interoperability of AVAX and Ethereum networks will greatly aid future growth.
More recently, Avalanche has begun to be adopted. For example, Sushiswap is integrated with Avalanche. As the bull market grows, this equates to a thriving world of DApps and DeFi will become prevalent in the Avalanche ecosystem.
Last month, avalanches increased by 103%. It rose 45.51% in the past 7 days alone. Moreover, technical indicators, especially moving averages, are showing strong buy signals. This is why we can expect continued price increases.
With a bright future ahead, we could see x100 by 2028. However, we cannot expect more than $200 in 2024.
Pullix (PLX): Expected to hit x100 on launch date
Chainlink and Avalanche are promising projects that can generate revenue. 100 times It spikes over a sufficiently long period of time. But there’s also Pullix, which plans to do just that from launch day.
Pullix is a trading platform that combines all the advantages of centralized and decentralized exchanges. I have yet to see the ability to use advanced trading tools on a DEX. Traders have access to leverage and loss prevention while owning their own private keys. This model will certainly attract a fair amount of whales. This is especially true following the recent regulatory push for centralized entities.
Both Chainlink and AVAX are very good investments and could achieve x100 by 2028. However, Pullix appears to offer more upside in 2024 after what analysts predicted. 580% Rising from the pre-sale stage 100 times On launch day.
For more information on Pullix’s pre-sale, see the link below.
Visit Fullix
Join the Pullix Community
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About the author
Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With his extensive experience in the financial industry, his insights and expertise have been recognized by numerous publications. Making effective use of his spare time, Gregory is currently devoted to writing books on cryptocurrency and blockchain.
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Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With his extensive experience in the financial industry, his insights and expertise have been recognized by numerous publications. Making effective use of his spare time, Gregory is currently devoted to writing books on cryptocurrency and blockchain.