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Avalanche (AVAX) had an amazing week, achieving gains of 50% and securing the 9th position in terms of market capitalization on the top 100 list. This sudden price movement has led traders to speculate if Pullix (PLX) along with Polygon (MATIC) are next in line.
Avalanche Gains Huge Investment Spikes 300%
Avalanche (AVAX) experienced a decline in value after the drop in Bitcoin price, resulting in a 13% loss as it fell below $40.00. Currently trading at around $35.04, Avalanche is going through a period of trading uncertainty. However, experts remain hopeful for a turnaround pointing to the upcoming GoGoPool solution. The GoGoPool aims to lower the costs of running a validator node and improve user engagement with Avalanche Subnets.
Nevertheless, Avalanche (AVAX) has experienced a surge, with its price skyrocketing by 300% in just two months. This sudden increase is due to a multitude of reasons, the main one being partnerships with known financial institutions such as JPMorgan, Citi, and RepublicNote. This has further enhanced its reputation and credibility in mainstream markets. Although Avalanche is experiencing a small dip, traders say it’s likely to gain momentum again.
Polkadot Can It Break the Next Resistance Level?
The price of Polkadot (DOT) has experienced an increase of 12% lately. However, the simultaneous rise in short positions has increased trader’s caution with the coin. Even though the current price range for Polkadot fluctuates between $6.06 and $7.65, which is around February 2023 levels, Polkadot hasn’t sustained its growth. In fact, on the 24-hour charts, Polkadot is down by almost 5%.
Nevertheless, if Polkadot manages to break the $7.42 resistance level again, we could see double-digit figures again. At the moment, Polkadot is in the process of approving several new proposals for the blockchain that will impact how it operates. This will either help Polkadot gain more momentum or stagger its growth back to the $6 range.
Pullix Revolutionizing the TradFi Sector
Pullix plans to revolutionize the trading landscape by introducing itself as the world’s first hybrid exchange supported by the community. This groundbreaking platform goes beyond being another marketplace for cryptocurrencies; it created an ecosystem that combines the advantages of TradeFi with the immense potential of DeFi.
By implementing a system that doesn’t require deposits, Pullix is breaking barriers and providing unparalleled accessibility to a global audience without requiring traditional KYC documentation.
The native token PLX holds more value than being just another digital asset. It represents a commitment to the community as its tokenomics are structured to reward holders with a portion of exchange revenues. The Pullix token burn feature further demonstrates their dedication to value growth, thereby enhancing the long-term potential of PLX tokens.
As we get closer to Pullix’s launch, it aims to bring trading opportunities to everyone through its DeFi model. The platform will offer options for staking currencies, community-driven trading initiatives, and automated solutions such as AI trading tools that can enhance users’ strategies and profitability.
Pullix’s mission is to empower its community and reshape the world of online trading. This platform is setting itself apart in the DeFi space by focusing on rewards, benefits, and shared success.
For more information regarding Pullix’s presale see links below: Pullix | Pullix Communities
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Source: https://beincrypto.com/polkadot-and-pullix-may-follow-suit/