Cronos (CRO) recently experienced a significant rally, and according to the on-chart data, this is only the beginning, as the uptrend is likely to continue well into December. Its value broke out of the swing-high hurdle at $0.08, and as a result, it experienced a massive increase in volume.
VeChain (VET) is a blockchain platform that initially gained a lot of attention by streamlining supply chain management as it provides a complete view of all of the processes using RFID tags and sensors. In the past month, its value spiked by 20% as it moved past the $0.22 price barrier.
Pullix (PLX) is getting the most attention despite the success of both cryptos, as it will introduce a Trade-to-Earn program and give users access to fixed passive income. Today, we will jump into each crypto and see just how far they can rise and which one is the best crypto investment.
Cronos (CRO) Breaks Past $0.08 – Is $0.1381 Possible?
Cronos (CRO) recently saw a major price upswing of 38%, as its value moved up from $0.08 to $0.098, nearly breaching the $0.1 price barrier. Its value increase triggered a positive sentiment, and the price shot up as a direct result. The volatility of the Cronos crypto also decreased, and the price began to consolidate. It has rallied a lot in the past month, and as a result, consolidation is now much needed for future price stability.
Buyers of the Cronos crypto are now taking a lot more aggressive stances as compared to sellers, so the price has the potential to explode over time and show a sharp rise. The buyers will easily absorb any short-term correction toward the EMAs. As a result, existing investors have to hold their positions.
The analysis of the CRO on-chart movements suggests that the CRO altcoin price is inside the bull's grip, so the probability of carrying on with this rally is high. According to the Cronos price prediction, it can reach $0.1381 by the start of Q1 2024.
VeChain (VET) Is Bullish on the Chart – Can It Rise to $0.0339?
VeChain (VET) has displayed solid performance in 2023 so far. Since the start of the year, the crypto has seen a price increase of 27.3% in total, and VET surged 20.5% within the past month alone. Although VET dipped in mid-November, the crypto has regained traction within the last few days, prompting many to consider it as a diversification opportunity.
The RSI curve stayed in the overbought zone, however, and formed a positive divergence, suggesting a potential for the crypto to climb above $0.25 soon. The MACD indicator also showcased a bearish crossover for VeChain and formed red bars on the histogram, suggesting a far more volatile outlook. As for the recent VeChain price performance, the crypto moved up in value from $0.021 to $0.024.
This means that during the week, the VET crypto showcased a trendline breakout but faced the 50-day EMA resistance that can spread the rally. A hammer candlestick was formed during the recovery, and further continuation could lead to a higher value. According to the VeChain price prediction, it can reach $0.0339 by 2024.
Pullix (PLX) to Offer Revenue Share Model and Surge 100x
Pullix (PLX) is an upcoming, community-backed exchange that can completely change the trading dynamics by bridging the gap between DEXs and DEXs by offering its users the best features found in both types.
The main issue that the Pullix platform will solve is the liquidity issue in DeFi. This will be solved through liquidity provision.
Pullix features a revenue share mechanism, as this is the first exchange to let users profit from the daily revenue generated. Pullix rewards ecosystem participants with fixed passive income by providing liquidity to the automated market makers.
Alongside this, any user can access the lending protocol, VaultX, Swaps, and Yield Farming. They can even amplify their profit opportunities by using copy trading and trade-to-earn functionalities. Now, during the initial crypto ICO, PLX trades at $0.04, and, at launch, analysts are expecting a massive surge in value of 100x, making it one of the best crypto investment opportunities.
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