Recently, Bitcoin (BTC) bulls have been making strategic moves. They are diversifying their portfolios with investments in emerging platforms like Pullix (PLX). This new rising presale star has already reached Stage 6 and provided early buyers a 100% ROI. Experts foresee this percentage rising as they claim this altcoin could surge by 100x in 2024 – find out why.
Bitcoin Price Prediction
Bitcoin (BTC) has been on a tear lately, rising by 4% on the weekly charts. CoinMarketCap data shows it surged from $44,890 on January 2 to $46,736 on January 9. According to crypto analyst Rekt Capital, the Bitcoin bull market progress is now 30.5% complete. This makes it one of the top DeFi coins to monitor.
From a technical perspective, this bullish trend may continue as 26 Bitcoin technical indicators are green. This DeFi coin is trading above its 100 and 200-day EMAs – a good bullish sign. Because of this, market analysts predict that the Bitcoin price may reach $65,341 by the end of 2024.
Pullix (PLX): One of the Best DeFi Projects
Despite this development, Bitcoin bulls are hedging their positions by increasing interest in Pullix (PLX). This new DeFi project has been making headlines recently as it entered Stage 6 of its presale. During this time, it has sold 65M PLX native tokens, helping it raise $3.4M.
Evidently, bulls are confident in Pullix’s long-term growth potential as it brings something new to the table. Pullix will create the first hybrid trading platform that merges the best features of centralized and decentralized exchanges. As a result, you will experience high leverage at 1000:1, deep liquidity, and access to all asset classes, including cryptos, on one account.
The PLX native token is the currency traders will use on the platform. One interesting fact is that PLX is the first “Trade-to-Earn” crypto. In other words, Pullix will provide token stakers with a percentage of Pullix’s daily revenue. You may even stake other cryptos with Pullix for a fixed interest rate – excellent passive income opportunities.
Bulls are flooding this crypto ICO event to buy the PLX token, which costs only $0.08. Another factor that has attracted bulls is Pullix’s ties to the OTC derivatives market, which ISDA valued at $618T in 2022. Because of this, experts remain confident that Pullix could evolve into a blue-chip token that may pump by 100x once it hits exchanges in Q1 of 2024.
Can Pullix Skyrocket Faster Than Bitcoin?
The active involvement of Bitcoin bulls in emerging exchanges like Pullix is a big transformation in the DeFi market. One major cause of this is BTC’s market cap of $918B. To clarify, it would need a large influx of new funds for its current price to surge. But, Pullix will not face this issue as it has a market cap of $16M. This makes PLX one of the top altcoins at the moment.
For more information regarding Pullix’s presale see links below:
Visit Pullix
Join The Pullix Communities
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/01/bitcoin-btc-bulls-hedge-with-investment-in-emerging-crypto-exchange-pullix