The crypto market has recently seen a large influx of presale tokens. Yet, only a few offer any actual utility. Currently, Stellar and Binance Coin Investors have their eyes fixed on a presale project called Pullix.
Pullix has emerged as one of the top altcoins to watch in the presale industry. Analysts believe it can mirror the price of Binance Coin from its ICO stage to a peak of $690.93.
Stellar (XLM) Price Fumbles Ahead of Mainnet Upgrade
Stellar (XLM) has shown remarkable growth in the past year, witnessing a 47% price increase. Regretfully, investors’ confidence has been shaken by its recent price fluctuations.
Over the last week, the price of Stellar price dropped by 4.0%, from $0.13 to $0.11. Stellar coin is still listed in the top 30 cryptocurrencies in terms of market capitalization. The altcoin is now the 26th largest cryptocurrency on the market, with a market cap of $3.2 billion, according to CoinMarketCap.
Due to Stellar’s negative price, investors are now being pushed to choose potential alternatives like Pullix. A planned mainnet upgrade for Stellar is scheduled for January 30th. The purpose of this update is to improve its functionality, performance, and security. It’s unclear how this update will impact the price of Stellar.
Why Are Investors Paying Attention To Pullix (PLX)
Pullix (PLX) has emerged as a promising new contender poised for rapid expansion in 2024. This blockchain ICO has received a lot of interest because of its hybrid trading platform. The TradFi platform combines the greatest features of DEX and CEX, allowing it to compete with prominent exchanges such as Binance. Unlike Binance, Pullix allows you to hold a variety of assets, including cryptocurrencies, in a single account.
This provides customers with access to a variety of financial markets, including Forex. The forex market had a daily volume of $6.6 trillion in 2019, according to the Triennial Central Bank Survey.
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Meanwhile, other important components of Pullix’s ecology include:
- VaultX: is a decentralized yield optimizer that enables users to earn compound interest on cryptocurrency assets.
- Lending Protocol: this loan and borrowing market offers users new opportunities.
- Copy Trading: This AI-powered technology enables users to imitate the trades of professionals.
All of these features rely on the PLX native token. Pullix’s “Trade-to-Earn” strategy rewards PLX token holders with a portion of the platform’s daily revenues.
PLX is now available for $0.08 and is in Stage 6 of its presale, Pullix’s ambition is so great that it has piqued the interest of crypto fans for its blockchain ICO launch this January. Analysts estimate a 100x growth in value once it listings on Tier-1 CEXes in the first quarter of 2024.
Binance Coin (BNB) Drops From $300
Binance coin (BNB) witnessed a huge rally in mid-October 2023 after trading at the $200 price level for a long time. Within three months, the coin increased by 66% to $338, a 7-month high.
However, Binance Coin price has dipped below $300 in 2024. The altcoin dropped from a 7-day high of $326.66 to a low of $290.74.
With the US SEC expected to approve Spot Bitcoin ETFs this week, Binance Coin price may rebound from its recent lows. Under the weight of this news, Binance Coin may attempt to reclaim the $300 price level, then move on to $351, and finally $400.
Apart from being one of the top altcoins to watch in the crypto industry, Pullix’s trading platform offers investors a chance to enjoy top-notch trading. It will implement great features including copy trading, a lending protocol, and VaultX which will be valuable features over the coming years.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.