Jannat Ara

Synapse (SYN) and Pullix (PLX): Emerging Competitors to Binance Coin (BNB)

The crypto world is abuzz with the rise of altcoins potentially mirroring the success of established tokens like Binance Coin (BNB). Among these promising contenders are Synapse (SYN) and Pullix (PLX), each with unique features propelling them into the spotlight.

Binance Coin’s Path to $310

Crypto analyst Ali Martinez forecasts a potential surge for Binance Coin (BNB), eyeing a move towards $310 if a sustained close above the $261 neckline is maintained. Recent price trends show an increase from $231 on Dec. 7 to $250 on Dec. 14. Technical indicators suggest a continued bullish trend, with 60% green days and 3.48% price volatility over the last 30 days. Analysts predict Binance Coin could reach $457 by Q1 2024.

Synapse (SYN): The Integration Boost

Synapse (SYN) made waves with the integration of CCTP on Polygon (MATIC), enabling slippage-free bridging of native USDC across multiple networks. This development spiked SYN’s value from $0.41 to $0.43 on Dec. 14, driving bullish sentiment with a Fear & Greed index at 72 (Greed). Analysts predict a bullish trend to $0.47 by the end of 2023.

Pullix (PLX): Innovating the Trading Sphere

Pullix (PLX) introduces a hybrid DeFi trading platform, merging the strengths of centralized and decentralized exchanges. Offering access to diverse assets from cryptocurrencies to traditional stocks and forex within a single platform, Pullix aims to address market issues, prioritizing non-custodial solutions post the FTX crash. The PLX token, central to Pullix’s ecosystem, is currently in stage 2 of its presale at $0.042, showing potential for a 580% growth.

Pullix’s ecosystem includes Copy Trading, a Lending Protocol, and VaultX, empowering PLX holders with benefits such as trading fee discounts, exclusive asset access, and staking for passive income. With its unique offerings tapping into various financial markets, including the lucrative OTC derivatives worth $20.7 trillion by 2022’s end, Pullix demonstrates promising long-term growth potential.

Synapse and Pullix: Rising Stars Against BNB

While Binance Coin undergoes its fluctuations, Synapse and Pullix emerge as strong contenders for top altcoins. Pullix, with its low market cap of $8 million compared to SYN’s $60 million and BNB’s $38 billion, is positioned for rapid growth, making it a favorable choice among investors looking for potential surges in the crypto market.