Explore the latest updates on Avalanche (AVAX) TVL reaching $876M, Cardano (ADA) advancing with the Voltaire upgrade, and the potential 100x gains with Pullix (PLX) presale.
Enthusiastic investors are perpetually on the lookout for promising new ventures with the potential to yield significant profits. One such investor, known for allocating $20 million into Avalanche (AVAX) and Cardano (ADA), is presently directing attention towards an upcoming altcoin set to launch in the coming month. Notably, this forthcoming altcoin is available for purchase during a presale event, providing an early opportunity to enter at the inception stage.
Avalanche (AVAX) TVL Climbs to $876M
Avalanche is in competition with prominent platforms like Solana, Ethereum, and Cardano to establish itself as the leading smart contract platform. What sets Avalanche apart is its four-chain architecture, offering users the flexibility to select the most suitable chain for their requirements.
This adaptability has drawn developers to the platform over recent months, resulting in Avalanche's Total Value Locked (TVL) reaching an impressive $876.13 million. Noteworthy is the price surge of Avalanche, soaring from under $9 in late 2023 to a peak of $49 in January 2024.
Nevertheless, this recent surge in price is only a fraction of what early investors have witnessed. Many individuals who invested when the price was a mere $3 before the 2020/21 bull run saw their investments skyrocket to $146 in just a year. With such potential gains, it's understandable why our investor is bullish on Avalanche.
Technical analysis indicates that Avalanche's growth hinges on breaching the $50 resistance level. If successful, Avalanche is poised to surpass its all-time high of $146.22 before the conclusion of 2024 — a remarkable 290% surge from the current price of $36.39.
Cardano (ADA) Progresses with Voltaire Upgrade
Cardano stands as another formidable contender in the smart contract platform arena. It distinguishes itself with a methodical approach to development, backed by a robust community. Interestingly, Charles Hoskinson, the founder of Cardano, also played a role in the founding of Ethereum.
Currently, Cardano's Total Value Locked (TVL) exceeds $370 million, marking a staggering 653% increase since the beginning of 2023. However, this figure still trails behind Solana's $2 billion TVL and Ethereum's $46.50 billion TVL.
Yet, what captivates investors the most is Cardano's roadmap. The platform is on the verge of completing the Voltaire upgrade, introducing governance voting and staking to enhance decentralization within the network.
From a price perspective, Cardano surged from $0.25 in late October to a 2023 peak of $68, only to retreat to today's price of $59.22 as investors seize opportunities such as the Pullix presale. Technical analysis identifies $0.80 as the next significant resistance level, with a potential bull run commencing upon breaching $1.00.
Pullix (PLX): Anticipating 100x Returns?
Pullix emerges as a novel crypto exchange addressing prevalent pain points encountered on traditional exchanges. These include exorbitant fees, sluggish transaction speeds, lack of transparency, and vulnerabilities in security.
Addressing these concerns, Pullix amalgamates the best features of centralized and decentralized exchanges, resulting in a platform offering high liquidity, nominal fees, rapid transaction speeds, advanced security measures, and substantial benefits for token holders.
This distinctive approach has garnered attention from numerous investors, including the aforementioned individual who invested $20 million into Avalanche and Cardano. Their investment in Pullix underscores a broader trend of seeking innovative projects poised to resolve prevailing market challenges.
Security remains a paramount concern in the cryptocurrency trading sphere. Pullix has adopted a non-custodial policy, ensuring users retain complete control over their private keys and assets. Furthermore, Pullix refrains from soliciting KYC information from users, bolstering their privacy.
However, perhaps the most enticing aspect of Pullix is its PLX token and revenue-sharing mechanism, rewarding users for their participation in the ecosystem. Pullix intends to repurchase and burn PLX tokens using revenue, with 50% of the tokens allocated to those staking their PLX.
PLX tokens are currently available at a discounted price of $0.14 during the Pullix presale. Nevertheless, time is of the essence as this marks the final presale phase before the platform's launch and the commencement of the public sale.
Online forecasts suggest that Pullix could pose a challenge to established platforms like Binance, Coinbase, and Kraken upon its launch. Part of this anticipation includes the possibility of presale investors witnessing a 100x increase in value for PLX tokens before the platform's potential becomes widely recognized.