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The flagship cryptocurrency, Bitcoin, has faced huge competition from altcoins in the past year. Some of these top altcoins have outperformed Bitcoin in the past year.

Meanwhile, Avalanche and Chainlink are facing tough competition from a project called Pullix. The presale project has set the crypto space on fire, selling over 45million tokens so far and raising over $2million in less than 4 weeks.

Altcoins Tipped To Outperform Bitcoin (BTC)

From every indication, we have so far, 2024 will be a bullish year for the crypto world. With investors anticipating major events such as the launch of a Bitcoin (BTC) ETF and the halving of Bitcoin, there are hopes of a major rally.

Market experts such as Michael van de Poppe feel that 2017 is the year for altcoins. He forecasts a bullish run for top altcoins. Other analysts believe that other top altcoins will outperform the Bitcoin price in 2024.

According to cryptocurrency researcher Ali Charts, if buying pressure increases, Bitcoin might reach $49,000. However, the coin must remain stable above $44,900. Bitcoin is currently priced at $42,000 per coin.

Avalanche (AVAX) Price Suffers Selling Pressure

Avalanche (AVAX) was one of the top crypto performers last month. Recently, Avalanche’s crypto price soared to a monthly peak of $49.66.

However, it failed to surpass the $50 price level. As of January 2024, Avalanche crypto has dropped below the $40 price level, falling to the $30 price level.

Despite the setback, Avalanche crypto is still part of the top 10 altcoins, thanks to its market cap of $13.6 billion. If market sentiment becomes bullish,  the DeFi token can rise to $50 in the coming weeks.

Chainlink (LINK) Bullish on YTD Price Chart

Chainlink (LINK), the 14th largest cryptocurrency by market cap, has started 2024 poorly. It is trading at the lower part of the $13.88 to $17.48 price range.

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Author: Crypto Daily

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