The Pullix (PLX) presale recently managed to get over 11,000 people signing up. There’s something that’s piquing the interest of investors looking for the next big thing. Some analysts even peg this new DeFi coin as the next 100x crypto in 2024. As for Ethereum (ETH) and Sui (SUI), they’ve taken over and become dominant players in the altcoin landscape.
Over 11,000 people signed up to participate in the Pullix (PLX) presale. This indicates everyone is excited to see its potential in the DeFi market. Essentially, Pullix is trying to take the best parts of CEX and DEX and combine them. This will create a platform that offers all the ideal features from both exchanges.This innovative approach will solve many issues that plague the online trading sector. For instance, numerous crypto exchanges have asset limitations. However, Pullix will allow the trade of all asset classes (including forex, gold, cryptos, etc.). The forex market alone has a daily volume of $6.6T, according to a 2019 Triennial Central Bank Survey.
There are other exciting aspects in the Pullix ecosystem as well:
- Copy Trading: The ability to replicate trades from other successful traders on Pullix.
- Lending Protocol: A money market allowing you to lend and borrow anytime.
The PLX native token powers all of this. You can use the token to trade, and a revenue-sharing model exists. This model rewards stakers with a slice of Pullix’s daily revenue. Additionally, you can stake multiple currencies on Pullix (DOGE, ETH, etc.) for a fixed interest rate.
One PLX token is now worth just $0.08, a 100% increase from its initial price. Still, that’s caught attention, and 8.7M tokens have been sold so far. Experts think it can go up by 580% before the presale ends. Then, once a Tier-1 CEX lists this altcoin after its Q1 2024 launch, some believe it could go up by as much as 1,000%.
Cathie Wood Says Ethereum Will Flip Bitcoin
Recently, crypto YouTuber Crypto Rover stated that Cathie Wood believes Ethereum (ETH) could flip Bitcoin in the next bull run. This positive Ethereum news shows the confidence that Wood has in it. But Ethereum has been showing fluctuations. In just the past week, Ethereum has gone through ups and downs, ranging between $2,259 and $2,519.
This week, the Ethereum crypto increased its market cap from $270B to $301B. Its technical analysis shows 24 green technical indicators – showing that ETH is ready for its next bull run. Analysts seem to agree as they forecasted that by Q2 of 2024, this altcoin may trade at $2,770.
Sui Price Continues Rising
Meanwhile, Sui (SUI) has achieved another milestone. Notably, this DeFi project announced that it surpassed Bitcoin in TVL and is currently ranked thirteenth among all chains.
In terms of the Sui price movement, it has surged from $0.82 to $1.28 in the last seven days. Also, its market cap has jumped from $912M to $1.4B in the same period. With a Fear & Greed index rating of 64 (Greed) – analysts remain bullish as they foresee the Sui crypto trading at $1.32 within Q1 of 2024.
Can Pullix Outshine Ethereum and Sui?
When compared to Ethereum and Sui, Pullix is a stellar competitor. And one of the key reasons it stands out from the competition is its low market cap. Sitting at just $16M, its low market cap means it doesn’t need a large influx of new money to skyrocket. Thus, PLX is the best crypto to invest in.
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Source: https://coinedition.com/over-11000-individuals-register-for-the-pullix-plx-presale-ethereum-eth-and-sui-sui-emerge-as-most-dominant-altcoins/