Crypto exchanges are an important part of the blockchain space. With another bull market starting, the top exchange tokens are expected to see massive price surges.
Binance Coin (BNB), Uniswap (UNI), and Pullix (PLX) represent three different kinds of crypto exchanges. Which of these top altcoins will lead the pack in the bull market? Let’s find out.
Binance Coin (BNB) Hovers Around $300, Shows Minimal Movement
Binance Coin (BNB) is the exchange token for the leading centralized exchange, Binance. The cryptocurrency saw only a slight recovery in 2024 after struggling for the majority of 2023. Following Sleepless AI’s release, the BNB coin rose above $300.
In contrast to the rest of the cryptocurrency market, BNB hasn’t moved much in response to the hype surrounding the Bitcoin ETF. Binance Coin’s price is still hovering around $300, even if the size of the global cryptocurrency market has grown by 6%.
Until BNB turns around and follows the bull trend, there are still formidable resistance levels to overcome. The price of Binance Coin must first break above the $320 and $350 resistance levels. If Binance Coin pulls off this feat, then it could look to rally as high as $420.
Uniswap (UNI) Fails To Join the Market Rally As DEXs Face Regulatory Pressure
Uniswap (UNI) is the top decentralized exchange (DEX), created to solve problems of CEXs like Binance. However, the Uniswap coin has struggled since 2023. A major reason for this is the growing pressure from regulators.
Regulators in the U.S. recently opened an inquiry into a top DEX platform. As a result, the crypto market cap of DEX tokens, including Uniswap, fell by double digits. In the last two weeks, UNI has lost more than 20% of its value.
The DeFi coin hasn’t performed any better in the long-term time frame. Year over year, the Uniswap coin has ranged between $4 and $6. Because of its lackluster performance, many investors have turned to other coins, including Pullix.
Pullix (PLX) To Lead the Future of Crypto Exchanges
Considered to be the next generation of cryptocurrency exchanges, Pullix (PLX) has gained significant attention over the last few weeks. With this DeFi project, a hybrid infrastructure is created by combining the greatest aspects of DEXs and CEXs.
This hybrid model gives Pullix the edge over the two other types of exchanges. Additionally, this model guarantees that Pullix is more decentralized, faster, less expensive, and more secure than the other two approaches. It also implies that consumers have total ownership over their digital assets, such as Uniswap, on Pullix.
Additionally, Pullix goes above and beyond the competition by including cutting-edge tools in its infrastructure. Pullix provides support for OpenAI’s AI trading tools. The purpose of these tools is to assist traders in refining their market analysis. Pullix also features a DeFi coin, PLX, just like the other two types of exchanges.
The future-proof model, with its advanced features, makes Pullix one of the top DeFi projects of the year. Because of this, analysts have forecasted a 50x price surge for PLX, making it one of the best crypto coins to buy now for only $0.08.
In Conclusion
While Uniswap and Binance Coin are underperforming, Pullix (PLX) looks to be the best exchange coin for 2024. The project looks strategically positioned to benefit from the bull market. This is why PLX is regarded as one of the best crypto coins to buy now.
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Source: https://coinpedia.org/press-release/uni-bnb-pullix-which-exchange-coin-will-come-out-on-top/