Why Chainlink (LINK) And Avalanche (AVAX) Could 100x But Pullix (PLX) Offers More Upside For 2024
In Brief
There are plenty of promising projects in the crypto world! Today we’re focusing on 3 long-term promising projects: Chainlink, Avalanche, and Pullix. But let’s find out which one of those is the best for 2024!
There are plenty of promising projects in the crypto world! Today we’re focusing on 3 long-term promising projects: Chainlink, Avalanche, and Pullix. But let’s find out which one of those is the best for 2024!
Chainlink (LINK): Lagging Behind the Bull Run
Chainlink (LINK) rewards node operators of the Chainlink oracle network for getting and verifying real-world data and transferring it to the blockchain. This function is crucial for the Chainlink ecosystem. As the bull market grows and an expected alt season comes closer, there are reasons to believe Chainlink will boom.
As more smart contracts are brought into the crypto world, they face challenges in transferring real-world data to decentralized blockchains. How can you decentralize a bet based on a real-world event?
Well, Chainlink solved this issue with its Oracle network. Obviously, as the whole market booms, there will be a growing need to connect real-world data with decentralized blockchains. Chainlink is going to find its way up here.
During the last month, Chainlink only gained 0.25%, while it lost 11.41% in the last 7 days. We can see Chainlink is lagging behind the bull run, and we can expect it to catch up soon and possibly snowball as greater interest in smart contracts spillovers to its Oracle network.
In a few years, it’s not impossible to imagine an x100. However, it’s very unlikely it will cross the $100 mark in 2024.
Avalanche (AVAX): 103% Up During the Last Month
Avalanche is playing a similar game as Chainlink. It comprises three individual blockchains, X-Chain, C-Chain, and P-Chain. They all have different use cases and even use different consensus mechanisms depending on their use cases. This architecture allows for fast transactions and scalability options, enabling the network to grow. What is more, AVAX’s interoperability with the Ethereum network is a big plus for future growth.
Recently, Avalanche has been picking up in adoption. For instance, Sushiswap has integrated with Avalanche. As the bull market grows, it’s like a thriving world of DApps, and DeFi will go rampant in the Avalanche ecosystem.
In the last month, Avalanche rose 103%. Just in the last 7 days, it rose 45.51%. Moreover, technicals, especially moving averages, are showing a strong buy signal. This is why we can expect a continued price surge.
With a bright future ahead, we might see an x100 up to 2028. However, in 2024 we can’t expect more than $200.
Pullix (PLX): Expected to x100 on Launch Date
Chainlink and Avalanche are promising projects that could yield an x100 surge in a long enough timeframe. However, there’s also Pullix, which is set to do that as soon as its launch date.
Pullix is a trading platform that combines all the benefits of centralized and decentralized exchanges. The ability to use advanced trading tools on a DEX is something we haven’t seen yet. Trades can own their own private keys, while also having access to leverage and stop losses. This model will certainly attract a significant amount of whales. This is especially true since the recent regulatory push against centralized entities.
Chainlink and AVAX are both very good investments and could do an x100 up until 2028. However, it seems Pullix offers more upside for 2024 since analysts predict a 580% rise during the presale phase and an x100 at the launch date.
For more information regarding Pullix’s presale see links below:
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
