Solana (SOL): Franklin Templeton Expresses Optimism About SOL
Solana (SOL) is poised to surpass the $100 mark following a retest of this crucial level, and the surge in altcoins is anticipated to act as a positive catalyst. Meanwhile, Pocket Network (POKT) has witnessed substantial upward pressure in the last 24 hours, reaching its highest level since May 2022.
Examining the outlook for these two cryptocurrency tokens and Pullix (PLX), a new hybrid crypto trading exchange gaining attention with a presale exceeding $3.8 million.
Solana (SOL): Franklin Templeton Bullish on SOL
Solana’s price projection indicates potential bullish momentum beyond $100, rebounding from a dip from over $123 to a low of $87 on January 8, 2024. Despite vulnerability after a significant pullback from the 800% surge in 2023, analysts are optimistic about Solana’s future. Franklin Templeton, a $1.5 trillion asset manager, highlighted Solana’s impressive activity in Q4, 2023, with key growth areas expected in 2024, including Decentralized Physical Infrastructure Networks (DePIN), decentralized finance (DeFi), meme coins, NFTs, and Firedancer.
As of Thursday morning, SOL was trading at $101, up 2.7%. If buyers sustain levels above $100, they may target the peak above $123 from December 25 in the coming weeks. Market speculation on more spot ETFs following the SEC’s approval of 11 spot Bitcoin ETFs could further benefit SOL.
Pocket Network (POKT) Surges Amid RPC Demand Predictions
Pocket Network (POKT), a protocol incentivizing parties running RPC nodes, is experiencing increased demand amid forecasts of rising artificial intelligence (AI) communication relay requests. With a market cap of $376 million, POKT is ranked as the 158th largest cryptocurrency. Analysts anticipate further traction for Pocket Network in the decentralized computation, data availability, and execution networks market.
With the current price at $0.25 and showing bullish momentum, the next target could be the psychological $1.00 level. POKT’s price has surged over 350% in the past year but remains below its all-time high of $3.11 in January 2022.
Pullix (PLX) Draws Traders as Presale Exceeds $3.8 Million
Pullix, a hybrid crypto exchange platform, aims to unite users interested in combining features from centralized (CEX) and decentralized exchanges (DEX). With a focus on driving DeFi adoption, PLX offers a hybrid model with self-custody, on-chain orderbook, fast execution, and low transaction costs.
In its current presale stage 6, PLX is priced at $0.08, having doubled from $0.04 in the first stage. The presale is 47% sold out, attracting significant market interest. Participants will receive their tokens at the presale’s conclusion.
Forecasts of a potential bull market rally and growing interest in hybrid exchanges suggest PLX’s price could experience significant growth post-launch.