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The Bitcoin halving is scheduled to happen in less than four months from now. As with other halvings, analysts have forecasted that it could act as a catalyst for a bullish market.
With a bull market expected in 2024, analysts expect several top altcoins to experience major price increases. Among the tokens with the most potential are Pullix (PLX), Dogecoin (DOGE), and Ethereum (ETH). Which of them has the potential for a 10x price surge?
Can Pullix (PLX) Surge By 10x in 2024?
With the Bitcoin halving acting as a catalyst, Pullix (PLX) has emerged as one of the top altcoins to watch. The project has gained massive attention due to its resolve to revolutionize the crypto exchange space. Pullix is a unique exchange that blends the characteristics of centralized (CEX) and decentralized (DEX) platforms.
Being a hybrid platform, Pullix was constructed to provide more security and transaction efficiency, greater decentralization, cheaper fees, and access to numerous markets. Another area where Pullix beats other exchanges is in the support for assets. On the exchange, users can trade assets from the stocks, ETF, and commodities markets.
In addition, Pullix has added artificial intelligence support. Thus equipped, Pullix users can quickly analyze market patterns and find profitable trade opportunities as well–and they don’t even need to leave the platform. These features have made Pullix one of the top DeFi projects for 2024.
It has already helped Pullix attract an increasing number of users and investors, as well. Over the last few weeks alone, Pullix has taken in more than $ 2 million–with its PLX token rising up to $0.07. This growth has led analysts to predict it will rally by as much as 25x, making this one of the top altcoins worth watching.
Can Dogecoin (DOGE) Surge By 10x in 2024?
In past bull markets, Dogecoin (DOGE) skyrocketed. It rose over 10x last year alone. But it has failed to reproduce the same bullish impetus this year. So far this year, the price of DOGE has skyrocketed 30 %, while other parts of the crypto market have had increases as high as 150 %.
In 2024, the price of Dogecoin could rise by a factor of 10 and hit $ 1 for the first time since its launch. Even if a 10x price surge still looks out of reach, many analysts predict that Dogecoin will be one of the top altcoins in 2024.
One big reason many analysts think otherwise is the unlimited supply of DOGE. A 10X upsurge will bring DOGE to a market cap in excess of $130 billion, overtaking Tether as the third-largest crypto.
Can Ethereum (ETH) Surge By 10x in 2024?
Ethereum (ETH) remains a heavyweight in the cryptosphere. The price of ETH is expected to skyrocket in 2024 as the leading altcoin and first smart contract platform. A number of analysts have made extremely optimistic forecasts about ETH.
FieryTrading has forecast that by the end of 2024, Ethereum’s price will reach above $5,000. Michaël van de Poppe has put a target in place of $3,400-$3,800 by the first quarter of ’24. JPMorgan’s Managing Director Nikolaos Panigirtzoglou is confident that Ethereum will hit the dizzying heights of $8,000 by 2026.
These are all still very bullish forecasts, but they aren’t 10x increases in the price of Ethereum. If Ethereum rises 10x, its price would have to hit $22,300 by December 24. This is because the top DeFi projects on Ethereum won’t be able to spark this much increase by 2024.
Closing Thoughts
The upcoming Bitcoin halving event has been forecasted to set the stage for a bullish 2024. While Ethereum, Dogecoin, and Pullix are the top altcoins to watch, PLX stands out as the clear favorite. With a revolutionary platform and smaller market cap, PLX could yield more than 10x by 2024.
For more information regarding Pullix’s presale see links below:
*This article was paid. Cryptonomist did not write the article or test the platform.
