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Victor Del Pino
Victor Del Pino

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Crypto.News Analytics: Analyst bullish on Polkadot; Pullix and Maker leading altcoin season

Crypto analyst Michaël Van De Poppe is bullish on Polkadot (DOT). Meanwhile, Pullix (PLX) and Maker (MKR) are some of the emerging altcoins that are gaining traction. Some analysts predict that PLX, which is now in stage 7 of 8 of its presale, will rally in 2024.

Michaël Van De Poppe believes DOT is bullish as prices retest crucial support at around $5.50.

The analyst banks on Polkadot 2.0 to trigger a move up to $17 in the days ahead.

Over the past week, the Polkadot price has fluctuated between $7.17 and $6.43. Its market cap also fell from $9.10 to $8.18 billion during this period.

As it trades over its 50- and 100-day EMAs, experts predict this altcoin may surge to $7 in Q1 2024.

Pullix is looking to disrupt defi

According to a report by ISDA, the OTC derivatives market was valued at $618 trillion by the end of 2022.

Pullix is looking to enter this market by creating a unique hybrid trading platform that enables trading of all asset classes (including OTC derivatives, gold, and cryptocurrencies) using a single account.

It will merge features of centralized and decentralized exchanges, allowing for asset custody-free trading with 0% commissions on trades.

In stage 7 of the ongoing presale, over 80 million PLX have been sold. Accordingly, the project has raised over $4.5 million.

Presently, PLX is available for $0.10.

The “trade-to-earn” revenue-sharing model sets PLX apart.

PLX stakers will receive a percentage of Pullix’s daily revenue.

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