Polygon (MATIC) and Shiba Inu (SHIB) both recently experienced bearish price performance on the charts and initially worried investors and traders. Yet, two major crypto analysts took note of their price movements and are now projecting a positive price outlook in their future. Alongside them, Pullix (PLX) has a 100x growth potential, and can push towards new heights in 2024 and beyond due to its innovative exchange. We will go over each one of these cryptos to determine which is one of the best cryptos to buy now.
Polygon (MATIC) to Retrace to $1 According to Ali Martinez
Polygon (MATIC) has recently undergone a broader period of a downward momentum, and this is evident across all of its on-chart metrics. For example, the year-to-date (YTD) Polygon price movement indicates a 22% decline, while its down 16.4% in the past month.
As for the weekly price momentum, the Polygon crypto moved down 10%, as it initially reached $1 before retracing to $0.88. According to major crypto analyst, Ali Martinez, the TD Sequential presents a buy signal on the MATIC crypto, as it remained strong above $0.87. According to the analyst ,we could see a rebound to $0.95 or $1. Based on the Polygon price prediction, it can end 2024 at $1.37.
Shiba Inu (SHIB) to Climb 2x Based on Captain Faibik Analysis
Shiba Inu (SHIB) is also moving downwards in value, despite initially having a year-to-date (YTD) climb of 140%. The Shiba Inu price is down 12.3% on the weekly chart, and 24% on the monthly chart. In addition, during the week, the Shiba Inu crypto climbed from a low point of $0.00002595 to a maximum value of $0.0000309.
Crypto analyst Captain Faibik recently went over the on-chart data and noted how the crypto is prepared for another 2x rally. As a result, sentiment is bullish on its future, and according to the Shiba Inu price prediction, it can end 2024 at $0.000060.
Pullix (PLX) to 100x Fueled by Massive Ecosystem Growth
Pullix (PLX) is a hybrid exchange platform that has begun to get accumulated by traders globally fueled by its vast ecosystem and massive token utility. A key catalyst for this growth is its hybrid approach, as the platform combines elements of CEXs and DEXs to create a unified platform in which anyone can get access to any asset, including cryptocurrencies. From CFDs, to OTC derivatives, and perpetual futures, anyone can begin trading with zero commissions, and tight spreads. The Pullix Beta Trading Platform went live, and real money deposits and trading are now available.
In addition, users can stake their PLX to the automated market makers (AMMs) on the Pullix platform, and can get passive income with high APY. The token is now listed on BitMart, XT.com, MEXC, Uniswap, and even on the data aggregators CoinMarketCap and CoinGecko. As a result of all of these aspects, analysts are projecting a major 100x price increase by Q4, 2024, making it one of the best cryptos to buy now.
Summary
While both Polygon and Shiba Inu did see a price decline in the past trading sessions, they have the potential to reach new heights throughout 2024 based on the latest analyst projections. However, Pullix can still be a better buy as analysts are projecting a 100x price increase, which can provide the most significant ROI, positioning PLX as the best new crypto to invest in.
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
