Chainlink (LINK) and TRON (TRX) Showing Bullish Momentum
The altcoins Chainlink (LINK) and TRON (TRX) have been demonstrating bullish momentum on the charts, with positive year-to-date (YTD) statistics. This indicates a healthy upward trend for both cryptocurrencies, potentially leading to future gains. Another project called Pullix (PLX) is also making significant progress, with its blockchain initial coin offering (ICO) selling rapidly. Let’s take a closer look at each DeFi project and their native crypto’s price performance to understand why they are performing well.
Chainlink (LINK) Climbs 122.6% YTD – Poised to Breach Above $23
The price of Chainlink (LINK) has shown reliable performance, fluctuating between $13 and $15.87. With a YTD value increase of 122.6%, the LINK price is exhibiting bullish qualities and is expected to experience further upward movement. It is currently on the higher band of a parallel channel, indicating the potential for an upswing.
The demand for Chainlink crypto needs to increase for it to reach new heights. The RSI, EMAs, and MACD indicators all point towards a bullish outlook. Based on predictions, it is projected that the LINK price could reach $23.64 by the end of 2024.
TRON (TRX) Grows 80.8% – Can Bulls Push Its Value Further Up?
TRON (TRX) spent some time in a consolidation range before experiencing an upswing. Over the past year, it has increased by 80.8%, with a 10% increase in the past week, indicating a potential bullish resurgence. TRON crypto buyers have been trying to break the higher range and move upwards. Although it is overvalued according to the trend line, it is above the 50-day EMA, which can act as a catalyst for further price increase. Based on current metrics, predictions suggest that the TRON price could rise as high as $0.1817 by the end of Q4 this year.
Pullix (PLX): Changing Traditional Finance for Simple Access with Low Fees
Pullix (PLX) is an upcoming DeFi project that has benefited from the overall bullish market performance and is emerging as a major contender in the industry. This platform aims to solve liquidity and transparency issues while providing accessible and simplified access to the traditional finance (TradFi) space.
One notable feature of Pullix is that users will not be required to undergo Know Your Customer (KYC) procedures. They can access deep liquidity and enjoy the lowest fees, allowing them to freely trade stocks, forex, ETFs, and commodities from a single account.
The project has reached Stage 6 of its presale, offering a single PLX token at $0.08. Given the current bullish market momentum and the platform’s appeal, analysts predict a potential 100x upswing at launch.
Hot Take: Pullix (PLX) Stealing the Show
Chainlink and TRON have both shown positive performance, but the spotlight is currently on Pullix due to its impressive statistics. With its extensive ecosystem and successful presale, it is considered one of the top cryptocurrencies to invest in.
For more information about Pullix’s presale, you can visit their website here and join their communities on Twitter.
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