The Solana (SOL) cryptocurrency has regained traction and has advanced after rebounding from the previous breakout zone. Moreover, the cryptocurrency registered minuscule gains but did add up to 16.4% during the past week. SOL found support at $100, making it a difficult crypto to get into for newcomer investors.
Pullix (PLX) is a project in its presale period and trades at just $0.1. Many are calling this crypto similar, where it can see a as drastic upswing. Today, we will go over both of them and their on-chart performance to see how far they can rise and to determine which is the best cryptocurrency to buy now.
Solana (SOL) Rises Above $100 – Can It Go Further?
Solana (SOL)’s on-chart data suggests that the crypto is hovering in a declining parallel channel and represents the upper and lower boundaries as support and resistance levels. The Solana price has been corrected for the past month and has reached the previous breakout zone towards the end of the correction.
Moreover, the Solana crypto moved from $85.89 to $106 and found support at the $100 level. With a weekly climb in value of 16.4%, the altcoin could soon experience a resurgence. According to the Solana price prediction, it can end 2024 at $170.35.
Pullix (PLX) to Solve Liquidity Issues and Spike 100x at Launch
Pullix (PLX) is an upcoming project that has experienced a major level of attention with its crypto ICO. In fact, over 15,000 investors have signed up for its presale. DEXs have historically not received mainstream adoption due to the lack of transparency and liquidity. However, Pullix will resolve this with its unique approach. The platform will feature liquidity provision.
This means that users will be incentivized to provide liquidity, and as a result, Pullix can offer far more competitive prices than other platforms. This can attract far more users and drive the demand for PLX tokens up.
The platform will also offer institutional, liquid, and slippage-free trading to the DeFi community. The trades will be executed via the off-chain order book, which will provide a speed advantage comparable to that of conventional centralized perpetual exchanges.
Pullix is now at Stage 7 of its presale. Here, the token trades for just $0.10, and it has nearly raised $5 million in total. According to analysts, a climb of 100x can occur following its launch and listing on Tier-1 exchanges.
Solana could soon see a monumental upswing above the $170 level, making it an exciting project for traders. Yet, many are considering Pullix as the next project that can spike as significantly, and available at just $0.1, it’s the best cryptocurrency to buy now.
For more information regarding Pullix’s presale see the links below:
Disclaimer: This is a paid post and should not be treated as news/advice.