Published
2 months ago on
February 11, 2024
Table of Contents
- Cardano (ADA) Gains in TVL But Loses in Price Valuation
- Cosmos (ATOM) Makes Resilient Move to Overcome Monthly Support Threshold Price
- Pullix (PLX) Shows Enough Potential to Price Higher After It Launches in April
The price of Cardano and Cosmos tokens have been declining lately for various reasons, including the general market downturn. Even though Cardano recently took a flight to a new price above $0.60, the momentum didn’t last as it subsequently plunged a few days later.
On the other hand, Cosmos token is resiliently trying to break out of its support threshold of $9.7 like it did in the first half of January. While Cardano and Cosmos face similar price pressures, Pullix is expected to keep pricing higher as it has been doing since the start of its presale.
Cardano (ADA) Gains in TVL But Loses in Price Valuation
Cardano is arguably one of the top crypto coins for gains on the crypto market, thanks to its 8th placed large market cap of over $17.5 billion. However, the market cap of a coin doesn’t only get its influence from how volatile the price of the crypto is.
Currently the price of Cardano is in a weekly range of $0.48 to $0.52, reflecting a 6.31% loss from its price in the past seven days. In comparison, Cardano made an uprising around the second week of January which took the price of ADA to $0.64, a price level it has barely revisited almost a month after.
While Cardano didn’t price this high throughout 2023, users believe that the rise above $0.60 by Cardano is not just a fluke. Indeed, considering the time of the year, Cardano is bound to reclaim this high or even double it as the year unfolds.
Cosmos (ATOM) Makes Resilient Move to Overcome Monthly Support Threshold Price
Cosmos (ATOM) token is undoubtedly among the top digital assets worth considering as a good crypto to buy. It stands out by addressing the challenging aspects of blockchain technology, including combating slow, expensive, and harmful protocols like Bitcoin's proof-of-work.
Ultimately, Cosmos is bound to experience increased success as time goes by. However, the native ATOM token is currently declining, losing a total of 5.39% in the past week and a total of 8.00% in the past month. The coin is currently in a weekly price range of $9.0 to $9.6
Cosmos made a strong effort to break out of the $9.7353 support price on the 28th, 29th, and 30th of January but failed. While Cosmos priced above this threshold in the earlier days of January and even broke a new resistance level of $10.50, users believe there’s hope for a rebound.
Pullix (PLX) Shows Enough Potential to Price Higher After It Launches in April
Pullix (PLX) is a unique crypto project that sets itself apart by offering a hybrid trading platform that combines the strengths of centralized (CEX) and decentralized (DEX) exchanges. Its aim is to provide traders worldwide with ample liquidity, impressive 1000:1 leverage, and a self-custodial portfolio management system, all while delivering a comprehensive and user-friendly trading experience.
The hybrid exchange is rapidly approaching a significant milestone as it enters the final stages of its presale, with plans to launch its platform soon after. Pullix, accompanied by its native PLX token, has garnered attention by raising an impressive $5 million during the presale phase.
One key factor driving interest is its growing user base, now boasting over 15,000 active participants. Pullix stands out with its Profit Share Model, offering users unique incentives. However, its standout feature lies in addressing liquidity issues commonly faced by online exchanges.
With the PLX token currently priced at $0.10 and its launch expected in approximately 70 days, Pullix continues to evolve. With more stages to come and a dynamic pricing model that increases with each stage, Pullix is a project worth considering as a crypto to buy.
For more information regarding Pullix’s presale see links below:
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