Investors have been doubling down on a new coin called Pullix. The coin, which is at the seventh stage of its cryptocurrency ICO, is worth just $0.10, and analysts have tipped it to rival Binance Coin.
Binance Coin (BNB) Crosses Above the $300 Mark
Binance Coin (BNB), the native token of the Binance exchange, has seen a 7.4% price on the weekly chart, fuelled by the latest recovery in the market. The DeFi coin skyrocketed from a low of $298.85 to a peak of $324.85 on the weekly price chart.
A look at Binance Coin’s technical indicators shows that the token is mainly bullish. First, the recent surge places Binance Coin price above the 50-Day SMA ($302.28) and 200-Day SMA ($255.22), signalling huge control by bulls.
In addition, Binance Coin’s RSI is above the 50-mark average. If the market sustains its upward trajectory and propels the DeFi coin above the $323.9 resistance, it could reach the $334.4 mark. More bullish momentum could push Binance Coin to $342 in the coming weeks.
A shift in market dynamics leads to a downward trend. This downtrend could push the price of Binance Coin to lower levels. The first level of support is at $313.5. Under more bearish control, the altcoin price could drop to $305.1 within the current month and even below the $300 mark.
Pullix (PLX) Presale Surges As Investor Inflow Rises
Pullix (PLX) has made waves in the crypto space by amassing $5 million in funds within just three months of its launch. In addition, more than 15,000 users have registered with the platform. This significant achievement has piqued investors’ interest in this emerging hybrid exchange platform.
Pullix is an asset exchange platform that aims to provide its users with high liquidity and minimal fees. The PLX token is essential to the platform’s ecosystem and will be crucial to its functioning.
DeFi Swap, a popular feature that allows users to exchange tokens easily, will be available to traders on the Pullix market. This mechanism is intended to make the DeFi project simple, quick, and economical. To enable trades, the platform will use a liquidity pool in place of direct peer-to-peer exchanges. This eliminates the requirement to pair up buyers and sellers.
Because of the intriguing features of the exchange, PLX has been identified by analysts as a standout cryptocurrency on the market. Pullix has outlined a strategic plan to increase the market visibility and stability of the token. Ten percent to thirty percent of the platform’s earnings will go toward sustaining the value of the PLX token.
At the low price of just $0.10, PLX is currently available in the seventh stage of its presale. This is the ideal moment to become involved with the Pullix DeFi project, as there are only two phases left before the ICO concludes.
Conclusion
Pullix’s cryptocurrency ICO is just 1 stage away from ending, and investors are not backing down. The project’s unique features and utility have kept eyes glued to its presale in the past few weeks. Market experts see the Pullix altcoin price rising above Binance Coin in the coming months.
For more information regarding Pullix’s presale see links below:
Visit Pullix
Source: https://blockchainreporter.net/feeling-bullish-yet-investors-load-bags-with-this-0-1-crypto-set-to-become-a-binance-bnb-killer/