Pepe (PEPE), Toncoin (TON), and Pullix (PLX): Altcoins Analysts Believe Will Lead the Next Bull Market

Hope has returned to the crypto community after the latest trading of Ethereum ETFs. Analysts believe a bull market is in the works and could start at any time.

Hope has returned to the crypto community following the recent trading of Ethereum ETFs. While some traders are still waiting for the bull market to begin, several analysts believe it is already in the works and could start at any time.

If you’re looking to get ahead of the curve and capitalize on the potential bull market, several altcoins are worth keeping an eye on. According to several analysts, Pepe (PEPE), Toncoin (TON), and Pullix (PLX) are three altcoins that could lead this rally and offer traders the opportunity to multiply their initial investment.

While Pepe’s price is expected to peak at $0.00004004, Coincodex believes Toncoin could reach $22.92. Pullix’s price is also expected to increase to $0.5 before the end of the year. Here’s a closer look at each coin and why analysts are bullish on them.

Pepe (PEPE) Price Forecast Ahead of 2024 Bull Run

Chart: TradingView

Pepe (PEPE) is an Ethereum-based memecoin that has experienced significant price fluctuations in recent times. As observed on Price information from CoinMarketCap, the Pepe coin price has decreased on the weekly and monthly timeframes.

Due to the downtrend, Pepe crypto has fallen below the 50-day SMA ($0.00001123). However, the memecoin appears to be forming a key rising channel with resistance at $0.0000132 on the daily chart.

If the Pepe coin manages to break back above the 50-day SMA, it could pave the way for a breakout above this resistance level.

Considering the memecoin’s potential and the broader market conditions, several analysts are highly bullish about Pepe’s future trajectory. They believe that Pepe is among the tokens that will lead the bull run this year.

Potential price targets for the meme coin in 2024 are $0.00001588 and $0.00004004, according to CoinMarketCap.

Toncoin (TON) Price Drops, but Analysts Forecast Recovery

Chart: TradingView

While Pepe is showing gains, Toncoin (TON) is trading in losses. Price information from CoinMarketCap reveals that the Toncoin price has dropped on the weekly, bi-weekly, and monthly timeframes.

The two month price chart of TON has been reflected by two linear trends converging to point out the formation of the triangle pattern. These are the major dynamic resistance and support that are affecting the movement of this TON price trendlines.

Although Toncoin to USD is bearish, several analysts are still optimistic a recovery could occur this year. They expect the value of the cryptocurrency to skyrocket before the year runs out.

Coincodex’s Toncoin price prediction says the altcoin’s value might jump to $9.09 in the short run and $22.92 in the long term.

Pullix (PLX) Offers Access Into Multiple Markets

Pullix (PLX) is a new exchange that seeks to dethrone centralized exchanges such as Binance with its hybrid approach. This new entrant combines the best of both worlds—the high liquidity and fast transactions of centralized exchanges with the security and privacy of decentralized exchanges.

In addition to cryptocurrencies, users can also trade stocks, commodities, and indices on Pullix. Imagine what Pullix could do when it merges cryptocurrencies and traditional assets, all while offering users the freedom to remain anonymous.

Moreover, Pullix is positioned ahead of Binance in several aspects. For instance, users on Pullix don’t have to submit documents for KYC checks. Also, users have ownership over their keys and assets.

Pullix adds a unique initiative called “revenue share,” which gives PLX holders a percentage of the platform’s profits. Pullix is the first exchange to introduce such a scheme, demonstrating its interest in the growth of its users. PLX is currently priced at $0.085.

However, with the exchange’s launch expected soon, several analysts believe it has the potential to reach $0.5 before the year ends.

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