Recently, holders of Chainlink (LINK) and Litecoin (LTC) seem to have diverted their attention and support toward a promising contender in the market. This move raises intriguing questions about the dynamics and motivations behind this shift. Let’s examine the causes of this change in more detail.
Chainlink’s Hopes for a $20 Rally Dampened Amidst Market Realities
Analyst Ali Martinez recently highlighted the growing attention for Chainlink (LINK) within the crypto whale community. Martinez’s insights shared in a post on X, fueled anticipation and predictions of a potential rally for LINK, with a speculated rise to the $20 mark. However, these prospects face challenges considering market dynamics and current conditions.
While the heightened activity among whales signaled growing interest, the envisioned $20 price prediction poses a formidable challenge for Chainlink. With the Chainlink price currently at $14.54, achieving the projected value would require a 37% surge. Notably, the coin’s market cap stands at $8B, needing an increase to hit $11B for this Chainlink price prediction target.
Despite the optimism sparked by predictions and increased whale activity, the road to $20 presents hurdles that might hinder the immediate realization of this price point. This has made many holders explore alternative tokens in pursuit of favorable returns.
Litecoin Volatility on Full Display
Litecoin (LTC) showcased a moderate performance within the past month. Beginning around $67.29 on November 1, LTC experienced sideways movement until November 21, when a surge in bullish momentum occurred. The catalyst behind this surge was the news of Litecoin surpassing 1M daily transactions, creating a favorable sentiment for the coin.
This positive sentiment led the Litecoin price to reach a high of $71.53 on November 21. However, following the subsiding excitement around this development, Litecoin underwent a corrective downward trend. By November 30, LTC retreated to $69 with a market cap of $5.1B, ultimately reflecting a downtrend.
Consequently, analysts foresee a potential decline to $68.16 by the end of December in their Litecoin price predictions. The anticipated decrease aligns with more investors diversifying away from Litecoin and seeking other tokens.
A Token To Redefine Online Trading
While Chainlink and Litecoin appear to have their ups and downs, many holders gravitate to Pullix $PLX – the world’s first community-backed exchange. Unlike many crypto-exclusive platforms, Pullix offers something new with a gateway to trade all asset classes, including fiat currencies and cryptos, without KYC checks.
The platform opens doors to the massive forex market, which has a staggering daily volume of $6.6T, per the 2019 Triennial Central Bank Survey. Such accessibility will provide investors with a broad range of diversification.Pullix has an objective to “give back to the community.”
Holders of the $PLX native token, will receive a percentage of each transaction. Currently, the $PLX token is worth $0.04, that being said the price will increase as the presale goes on. This is a key factor why the crypto community is in a frenzy to stockpile the $PLX token before its value skyrockets.
Compared to Chainlink and Litecoin, $PLX has a market cap of only $8M. This valuation is a great advantage since fewer new funds will be needed for a major surge. Due to all these reasons, many experts forecast a 2,000% value rise for $PLX after a Tier-1 CEX lists it. This is why many Chainlink and Litecoin holders gravitate to this new game-changer.
For more information regarding Pullix’s presale see links below: