The Cardano (ADA) price saw an upswing during the past week and could soon reach new heights. On-chart data suggests that the crypto is now in an opportunity zone and could shoot up, reclaiming price targets from the previous pattern. Bitcoin (BTC) fell under the $43,000 range but could soon recover and climb even further, a momentum that could send ripples down the entire altcoin space. Pullix (PLX) is in its presale stage and is already making significant progress. We will review the on-chart performance for all three to see which is the best DeFi crypto.
Cardano (ADA) to Rise Above $0.8 by the End of 2024
Cardano (ADA) initially fell by 13.4% during the past 14 days before recovering throughout the previous week. The crypto surged from $0.49 to $0.61 and then found support at $0.53. The price point enables the Cardano crypto to retain an attempt at reclaiming the target rally. If the tides turn south, the bearish cues could dominate the Cardano price action.
However, coinciding with the 50-day EMA, if ADA does pass this level, it could validate the bullish outlook and lead to further surges in value. ADA holders kept themselves focused and held over 5.79 billion ADA. The MVRV ratio is also signaling potential bullishness, and according to the Cardano price prediction, it can rise to $0.8860 by the end of 2024.
Bitcoin (BTC) to Experience Further Correction Before Rising According to Benjamin Cowen
Bitcoin (BTC)’s price went down after spot ETFs got approved. The prices kept going down and went a bit under the $43,000 range. Benjamin Cowen, an expert on the Bitcoin crypto, shared thoughts on where the crypto market might be heading. Cowen explained that he looks at certain lines on the chart to figure out what might happen next. One line is called the 20-week Simple Moving Average, and the other is the 21-week Exponential Moving Average.
The lines suggest that the Bitcoin price might face a challenge around the $36,000 mark. Cowen also pointed out that historically, around the middle of January, BTC tends to go through a correction phase. It’s important to keep an eye on a level of around $42,000. He also talked about the possibility of a slow rise in the price followed by a dip. According to the Bitcoin price prediction, it can end Q4 of 2024 at a value of $60,482.51.
Pullix (PLX) Accumulated by Over 3,500 Users – Price to 100x at Launch
Pullix (PLX) is an upcoming platform that has already begun to make significant waves among Web3 circles with the momentum of its presale. Anyone will be able to find the best elements from CEXs and DEXs on the platform and gain access to massive liquidity.
The platform will not have any mandatory KYC requirements. Anyone can access it and can trade quickly and efficiently without worries about price fluctuations. There will even be a Copy Trader feature, where users can copy professionals and increase the performance of their portfolios.
Pullix ARMY is OFFICIALLY 3500+ Strong! 😤😤😤
Our community growth is absolutely EXPLODING as we smash presale records left and right!
Now over 3,500 believers are certified $PLX HODLers! With a whopping 11,000 users registering for the $PLX presale.
At this trajectory, NO… pic.twitter.com/Ik38PB8S1C
— Pullix (@Pullixmarkets) January 16, 2024
The platform will even add support for perpetual futures and CFDs and for added security, will feature a dedicated vault. Users can also retain full control over their private keys, which will remove any central point of failure.
It has quickly reached over 3500 holders in less than 6 weeks. There are also 11,000 registered, and at Stage 6, PLX trades at just $0.08. At launch, analysts are projecting a major 100x upswing for the crypto, as it has already sold over 70 million tokens. As a result, it is seen as the best DeFi crypto in 2024.
Summary
Cardano and Bitcoin are bullish on the charts and could soon reach new heights with their growth momentum. With the massive momentum of the Pullix blockchain ICO, it’s primed to be 2024’s hottest project.