Certain altcoins attract attention and interest from notable whales in the flourishing crypto market. Today, we unveil an altcoin piquing whales’ curiosity within the crypto sphere, particularly those involved with Solana (SOL) and Binance (BNB). This coin has captured the interest of whales for reasons that signal growth and market significance.
Solana (SOL): Holders Exploring Alternatives
The ambitious forecast of Solana (SOL) reaching $500 by 2024, as predicted by ChatGPT, has made headlines recently. Despite this bullish sentiment, the current Solana price at $58 poses a considerable challenge in achieving this substantial valuation. With a remarkable 762% growth required to reach the $500 mark, it may take years to reach it.
This fact, coupled with the daunting task of elevating its market cap from the current $24B to $211T, it faces an uphill battle to fulfill ChatGPT’s Solana price prediction. Consequently, some Solana whales are exploring alternative projects.
Considering the formidable hurdles Solana faces in reaching this ambitious price target, this is a good choice.
Binance (BNB): A $424 Projection
Recently, an AMBCrypto report stated that Binance Coin (BNB) could surge to $424.67 by December 2023. But, the current market dynamics pose significant challenges to achieving this anticipated valuation.
Despite the bullish projection outlined by AMBCrypto, Binance Coin traded at $234 on November 25, signaling a daunting 81% surge within a month to realize the projected value. To attain the predicted valuation, Binance’s market cap would need to rise from its current $35B to a substantial $64B – an impossible task within the given timeframe.
Essentially, this Binance coin price prediction may not be achievable in that small amount of time. As a result, Binance whales are looking at new altcoins that possess a lower market cap with high growth potential.
Pullix (PLX): The Preferred Choice for Solana and Binance Whales
As whales within the Solana and Binance ecosystems seek new coins, Pullix (PLX) stands out amidst the formidable challenges these tokens face. The ambitious goals set for Solana and Binance require an immense inflow of funds, making these aspirations seem distant even with increased adoption. But Pullix will not have this problem.
Currently, the project is in its presale run. Each $PLX token is worth only $0.04 with a market cap of $8M. This modest valuation signifies that Pullix needs less funds to experience notable growth than its larger counterparts.
This project will bring something new to the table – a community-driven exchange allowing traders to access all assets without KYC checks. This will link Pullix with the forex market, which a 2019 Triennial Central Bank Survey identified as the world’s largest financial market. In other words, its potential for sustained long-term growth becomes even more promising.
Experts in the field have taken note of all these factors as they forecast a 2,000% pump for $PLX before its presale ends. Some analysts have even hinted at another 500% increase after its debut on a Tier-1 CEX. Ultimately, whales gravitate to Pullix since it may bring the same or higher gains than Solana or Binance – only for a lower cost.