The crypto market was buzzing with excitement over the SEC’s approval of spot Bitcoin ETFs. However, the approval has not yielded the same results as many would have expected. The cryptocurrency market’s momentum has switched to altcoins as Bitcoin fails to make advances.
As a result, investor interest has grown in the top altcoins: Sui (SUI), Celestia (TIA), and Pullix (PLX). Let’s find out how these projects have remained successful amidst the market shift.
Celestia (TIA) Has Set a New All-Time High, Analysts React
Celestia (TIA) was one of the best altcoins to buy in 2023. The Celestia coin has extended its gains in 2024, soaring to a new all-time high. As per data from CoinMarketCap, the price of TIA has increased by 68% year-to-date, soaring above $20.
A popular analyst, Crypto Mocho, holds a more optimistic view about the Celestia coin. While the analyst has taken some profits from his TIA holdings, he has predicted that the coin could continue increasing in the coming weeks. Crypto Mocho has set a target of $24 for Celestia.
Crypto commentator Romano has spoken on the trend. He described Celestia’s modular blockchain model as a “game changer.” It is this development that he believes gives TIA the potential to rally in 2024.
Sui (SUI) Extend Gains But Could Face Retracement
Unlike Celestia, Sui (SUI) struggled for most of 2023. However, the dApp crypto has made up over the last three months, becoming one of the top altcoins in the process. From a low of $0.30 in October 2023, SUI has rallied to a 2024 high of $1.44.
The On-Balance Volume (OBV) indicator of the SUI crypto has demonstrated significant momentum over the previous six weeks. The Sui crypto price has risen by more than 150% over that time.
The Relative Strength Index (RSI) has moved into overbought territory, however it is not clearly indicating a pullback. This would suggest that Sui’s price will temporarily retrace its upward trend before continuing. Bulls will try to hold onto the support levels of $1.40 and $1.20 in this situation.
Pullix Sees 100% Price Surge, Set for Massive Rise in 2024
The over-the-counter derivatives market was valued at $618T at the end of 2022, as per ISDA data. Pullix (PLX) is a DeFi project looking to benefit from this massive market. On this new hybrid exchange, crypto traders can seamlessly trade OTC derivative assets using digital assets as leverage.
In addition to offering a massive amount of assets, Pullix offers 0% commissions on trades and very tight spreads. Another key selling point of Pullix is its “Trade-to-Earn” model. The exchange is designed to trade users for trading on the platform.
A portion of Pullix’s daily revenue has been set aside for this. The more you trade on the platform, the higher the rewards you receive. It’s no wonder that investors are gravitating towards this cryptocurrency ICO. Already, over 70 million tokens have been sold, helping Pullix raise $3.65 million.
All things considered, PLX is among the best altcoins to buy, particularly as the DeFi project is ready to launch in the coming weeks. At its current price of $0.08, PLX has already increased by 100%. However, before the end of 2024, some experts even predict that PLX will be the next 100x token.
Due to Bitcoin’s lack of bullish presence, the cryptocurrency market is seeing a shift in momentum. Investor focus has shifted to Celestia (TIA), Pullix (PLX), and Sui (SUI). Even though all of these altcoins are expected to rise in 2024, Pullix, a cryptocurrency ICO, has demonstrated the greatest upside potential.
With its launch in one of the largest global marketplaces, PLX has impressive potential. This explains why the initiative is receiving more attention.