Investor Who Bought Over $20M In Avalanche (AVAX) and Cardano (ADA) Is Betting Big On This New Altcoin Set To Launch Soon

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Keen investors are always looking for promising new projects with the potential to offer substantial returns. One such investor, renowned for placing $20 million into Avalanche (AVAX) and Cardano (ADA), is now focusing on a new altcoin to launch next month. Notably, this new altcoin can be bought during a presale event that offers an early opportunity to get in on the ground floor.

Avalanche (AVAX) TVL Reaches $876M

Avalanche is competing against the likes of Solana, Ethereum, and Cardano to become the top smart contract platform. Avalanche stands out with a four-chain architecture that allows users to choose the perfect chain for their needs.

This flexibility has attracted developers to the platform over the past few months, with the Avalanche TVL now sitting at an impressive $876.13 million. Notably, the price of Avalanche has grown from below $9 in late 2023 to a peak of $49 in January 2024.

However, this recent price pump is a mere fraction of what early investors have seen. Many of those who bought in before the 2020/21 bull run at just $3 became millionaires when they sold at $146 just a year later. With this kind of potential, it’s easy to see why our investor is bullish on Avalanche.

Technical analysis shows that Avalanche’s growth hinges on breaking the $50 resistance level. If successful, Avalanche should have no trouble surpassing the all-time high of $146.22 before the end of 2024 — a 290% pump from the current price of $36.39.

Cardano (ADA) Advances with Voltaire Upgrade

Cardano is another top contender in the smart contract platform race. It prides itself on a scientific approach to development and has a strong community behind it. Interestingly, the Cardano founder, Charles Hoskinson, was also one of the co-founders of Ethereum.

Cardano’s total value locked (TVL) currently stands at over $370 million, which is a gain of 653% since the start of 2023. However, this statistic still lags behind Solana’s $2 billion TVL and Ethereum’s $46.50 billion TVL.

But what’s most exciting for investors is the roadmap for Cardano. The platform is about to complete the Voltaire upgrade, introducing governance voting and staking to make the network more decentralized.

Price-wise, Cardano pumped from $0.25 in late October to a 2023 high of $68, only to fall back to today’s price of $59.22 as investors jump into time-limited opportunities like the Pullix presale. Technical analysis highlights $0.80 as the next key resistance level, with a fresh bull run starting should $1.00 be broken.

Pullix (PLX): 100x Gains Incoming?

Pullix is a new crypto exchange that addresses some of the key pain points experienced by users on traditional exchanges. These include high fees, slow transaction speeds, lack of transparency, and security vulnerabilities.

Pullix will do this by combining the best features of both centralized and decentralized exchanges. The result is a platform that offers high liquidity, low fees, fast transaction speeds, advanced security measures, and HUGE benefits for token holders.

This unique approach has attracted the attention of many investors, including the aforementioned investor who placed $20 million into Avalanche and Cardano. Their investment in Pullix underscores a broader trend of seeking innovative projects that promise to solve existing market challenges.

Security remains a paramount concern in the cryptocurrency trading market. Pullix has adopted a non-custodial policy to ensure users retain full control over their private keys and assets. Plus, Pullix never demands KYC information from users, further securing their privacy.

But perhaps the most exciting part of Pullix is the PLX token and revenue-sharing mechanism that rewards users for participating in the ecosystem. Pullix plans to buy back and burn PLX tokens using revenue, with 50% of the tokens paid back to those who stake their PLX.

PLX tokens are available for a discounted price of $0.14 in the Pullix presale. However, time is of the essence as this is the last presale phase before the platform launches and the public sale begins.

There is a growing prediction online that Pullix could challenge the likes of Binance, Coinbase, and Kraken when it launches. Part of this prediction is a 100x gain for presale investors who get their hands on PLX tokens before the market becomes aware of the platform’s potential.

For more information regarding Pullix’s presale see links below:

Visit Pullix

Join The Pullix Communities

 

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.

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