The cryptocurrency market is witnessing a seismic shift as Pullix (PLX) approaches the limelight. This DeFi project, in Stage 5 of its presale, is challenging the dominance of BNB and Chainlink (LINK). Various market analysts hint that PLX could become the next 100x altcoin in 2024. Today, we will discover why.
Pullix (PLX): One of the Best Altcoins
Pullix (PLX) has recently gained mass appeal as its value has surged by 75% from its starting price. This fact has made countless individuals gravitate towards this crypto ICO, helping it raise $2M and sell 7.4M tokens.
At its core, Pullix will disrupt the current status quo in online trading. It accomplishes this by creating a hybrid trading platform that combines the best CEX and DEX features. For example, you will no longer have access to a limited number of assets like on Binance (only cryptos). On Pullix, you can trade all asset classes (including cryptos) on one account.
While this exchange is the main appeal, the Pullix team will also introduce other exciting features, such as:
- Lending Protocol: This feature creates money markets, providing avenues for lending and borrowing within the cryptocurrency sphere.
- Copy Trading: Pullix will allow you to replicate trades from other traders in its ecosystem, capitalizing on their choices.
- Yield Farming: Engage in Yield Farming to earn PLX tokens by contributing liquidity through staking LP Tokens.
The PLX native token is the fuel behind all these features. It will also bring many benefits to holders, like trading fee discounts and more. But, the most exciting benefit comes to PLX stakers. To clarify, PLX stakers will receive a portion of Pullix’s daily revenue with its “Trade-to-Earn” model.
Because of this, holders are stockpiling the PLX token, which is now worth only $0.07. However, it is in Stage 5 of its presale, and experts predict a 580% growth before the presale ends. Some even forecast a 100x surge after this altcoin hits exchanges in Q1 of 2024.
BNB has been on an uptrend lately, with its value jumping by 40% in the last month. This surge came after Binance announced its new project on Launchpool – Sleepless AI (AI). Traders on Binance will now have the chance to gain AI tokens by staking BNB, FDUSD, and TUSD.
According to CoinMarketCap, the BNB’s worth has increased from $227 on December 3 to $320.55 on January 2. This token’s technical analysis also paints a bullish picture, with 28 technical indicators in the green.
Because of all these factors, market analysts predict that BNB will trade at the $512 level by Q2 of 2024.
Chainlink Price Outlook
According to crypto analyst Ali Martinez, Chainlink (LINK) is showing indications of forming a bull pennant. He believes that a closure above $17.2 might serve as the trigger for a breakout. This may potentially steer LINK towards the $34 mark.
As per CoinMarketCap data, the Chainlink price jumped from $15.39 on December 26 to $15.91 on January 2. From a technical perspective, this bullish trend may continue as Chainlink trades above its 100 and 200-day EMAs.
Experts in the crypto field forecast the Chainlink crypto to reach $20.33 in February 2024. As a result, Chainlink is one of the altcoins to watch.
What Sets Pullix Apart From BNB and Chainlink
While all three of these tokens are worth keeping on your radar, Pullix stands out. Firstly, it has real-world ties to many flourishing markets like the OTC derivatives. According to BIS, this market saw a value of $20.7T in 2022. With all its unique features, Pullix could become a dominant force in this sector.
Secondly, PLX has a low market cap of $14M, while BNB and Chainlink have market caps of $48.3B and $9B, respectively. In other words, PLX will surge much faster as it needs fewer new funds for its value to skyrocket. Therefore, PLX is the best altcoin currently.
For more information regarding Pullix’s presale, see links below:
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