The price of the Bitcoin (BTC) cryptocurrency has performed a new interim low at the $62,000 level before moving back upwards in value, initially causing fear among investors and traders.
This volatility is massive and cannot be understated, and as a result, investors are now looking to get Solana (SOL) as an alternative, alongside Pullix (PLX) for significant gains and for diversification of their portfolios. Today, we will go over the price performance of all of these cryptocurrencies to get the answer to which is the best cryptos to buy now.
Pullix (PLX) Combines Groundbreaking Elements With Trade-to-Earn Mechanics
Pullix (PLX) is a groundbreaking platform that introduces Trade-to-Earn mechanics which fuel its hybrid platform that combines elements of CEXs and DEXs. Moreover, it will solve key issues in DeFi and remove barriers of entry. Each member can trade a wide range of different assets, including OTC derivatives, perpetual futures, CFDs and cryptocurrencies with ease.
Moreover, there is a dedicated vault for the secure storage of cryptocurrencies, a lending protocol for getting passive income, and a DeFi and NFT Launchpad for exciting investment opportunities that anyone can get access to.
With zero commissions, and tight spreads, the platform has gained a significant level of attention. Users can also store their own private keys, and can access the VaultX, a decentralized multi chain yield optimizer that lets users earn compound interest on crypto holdings. This, fueled with the revenue share system and token burn mechanic position PLX as a dominant crypto and analysts are predicting a 100x price increase by the end of 2024.
Bitcoin (BTC) Sees a Brief Drop to $62,000 – How Far Can It Recover?
The bears initially managed to drop the value of the Bitcoin (BTC) cryptocurrency to $62,000, which recorded a drop of over $11,000 within the span of just five days. Regardless, the market participants remained optimistic over the next trading sessions and shared a belief that the Bitcoin price USD could recover, and it did.
Following the initial drop, the price of Bitcoin managed to see an increase, where the total monthly gains are now at 33.5%. This resulted in a monumental climb from $62,770.47 to $71,123.33 during the past week, after which BTC found support at $68,970. According to the Bitcoin price prediction, it can end 2024 at a value of $107,000.
Solana (SOL) Grows Over 800% – How Far Can It Move?
Solana (SOL) has gone upwards in value significantly and has begun to dominate the charts on a weekly, 14-day, 30-day and annual level. Specifically, the year-to-date (YTD) chart for the Solana price is indicative of a 800% price increase.
However, it’s not done there, as in the past month, the Solana crypto also jumped 75.1%, and in the past week it’s also in the green zone. Throughout the last seven days, the SOL crypto displayed major bullishness and jumped from a low point of $167.49 to a maximum value of $195.70. At this rate, the Solana price prediction indicates that the crypto can surge as far as $305.51. As a result, PLX is seen as a top crypto to invest in.
Summary
While Bitcoin did initially fall, it has managed to recover and could soon reach new heights. In the meantime, Solana is not the only crypto that traders are diversifying with, as Pullix has gained the most attention and momentum due to its innovative hybrid approach, positioning it as the best cryptos to buy now.
Visit Pullix
Join The Pullix Communities
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.