The altcoin space is more competitive than ever, with more innovative projects launching daily. Cardano (ADA) and Arbitrum (ARB) might have built a reputation as top altcoins, but their position is being challenged by a newcomer, Pullix (PLX).
Pullix has stepped into the limelight, capturing the attention of investors and enthusiasts alike. Let’s explore the unique features and strategic advantages that make Pullix a formidable contender.
Cardano (ADA) Slides To Critical Level Despite Trading Volume Surge
Over the years, Cardano (ADA) has placed emphasis on research and efficient development. As a result, the project is now among the top altcoins. Nevertheless, negative pressure has been tough on the Cardano coin during the past few weeks.
The Cardano price has declined to the crucial support level at $0.500 from its monthly high of $0.68. Thankfully, the support level remained stable, and Cardano’s price rose to $0.541. The increase in ADA trading volume is concomitant with this developing pessimistic mood.
With a recent surge of more than 110%, Cardano’s trading volume surpassed $775 million. An increase in trading volume is sometimes seen as a bullish indicator. But before a rally can begin, the altcoin’s price needs to rise above the $0.600 barrier.
Arbitrum (ARB) Volume Grows, But Price Remains Flat
Arbitrum (ARB) has emerged as one of the leading layer-2 networks. This DeFi project has recorded a major milestone. The daily trading volume on the Arbitrum network decentralized exchanges recently surged above $1.84 billion, surpassing Ethereum and Solana.
The total value locked on the Arbitrum network has also increased to $2.418 billion, inching close to its highest value. While the record is a testament to the growth of the Arbitrum, the ARB coin has remained flat on the weekly chart.
After failing to hold the $2.0 support, the ARB DeFi coin price dropped to a weekly low at $1.80. While Arbitrum has recovered back to $1.84, it still faces key resistance at the $2.0 level. A break above this level could see the price of ARB push as high as $2.5 in the coming weeks.
Pullix (PLX) Disrupt the Altcoin, Challenging Market Leaders
While the altcoin battle with Cardano and Arbitrum may be fierce, Pullix (PLX) has emerged as a clear winner. The reason why this new DeFi project stands out is due to its innovative platform and a market potential that outperforms its competition.
Pullix is a new hybrid trading platform that combines the best of two worlds – centralized and decentralized exchanges. Although this is an advantage, Pullix goes one step further by using cutting-edge AI technologies. These technologies are extremely intelligent and precise in evaluating and forecasting markets because they were developed by OpenAI, the same company that created ChatGPT.
Pullix’s integration of the worldwide financial market is another noteworthy feature. One of the first exchanges to let cryptocurrency traders access equities, commodities, and forex directly from its platform is Pullix. Pullix now has access to a considerably larger market share than its rivals.
For instance, $204 billion worth of trades occur on the cryptocurrency market every day. By contrast, the FX market handles more than $6.6 trillion in transactions per day.
The growing community support of Pullix also adds a dynamic element to its altcoin challenge. Pullix has raised more than $3.1 million in just a few weeks while onboarding thousands to its DeFi project. This support, in addition to other innovative elements, is why PLX is considered a must-have coin for 2024.
Final Thoughts
The connection to the global financial market gives Pullix the edge over Cardano and Arbitrum. Tipped to benefit from the immense forex market, the PLX token has been forecasted to surge by up to 50x in 2024. However, you have a great opportunity to buy cheap, as the PLX DeFi coin price is currently $0.08.
For more information regarding Pullix’s presale see links below:
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Source: https://blockchainreporter.net/pullix-plx-unleashed-altcoin-faceoff-with-cardano-ada-and-arbitrum-arb-grabs-attention/