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Pullix has seen rapid growth in popularity and value in the past month. This performance has led investors to consider Pullix (PLX) alongside established altcoins like Binance Coin (BNB) and Injective (INJ).
Injective rolls out Volan upgrade
Injective recently completed a major upgrade, paving the way for real-world asset integration, institutional adoption, and enhanced scalability.
However, the upgrade has temporarily held down the price of INJ, which is currently trading in the $30 range.
Despite this short-term setback, analysts remain upbeat about INJ’s long-term prospects and expect prices to reach $51.41 in the coming weeks.
BNB price analysis
The approval of a spot Bitcoin ETF has fueled renewed optimism in the crypto market, causing altcoins like BNB to rebound.
BNB has reached a 7-day high of $320 and is currently trading above $300.
If BNB continues its upward trend, it will likely find support around $315. The next major resistance is around $322. Further gains could see BNB rally to $340 and $350.
Conversely, weakness may see the coin retrace to $322 and even $300.
Pullix presale status
Pullix has raised over $3.6 million in the ongoing presale.
Analysts believe that Pullix has the potential to outperform established altcoins like BNB and INJ.
Pullix aims to bridge the gap between traditional and decentralized finance (defi). It provides a platform for trading various assets, including cryptocurrencies, Forex, commodities, and ETFs.
This unique approach addresses the liquidity issues in defi.
Pullix also plans to incentivize users to contribute to the platform’s trading volume through rewards. This strategy may support trading volume and PLX prices.
In the current presale stage, PLX is available for $0.08.
Conclusion
Even as BNB and INJ prices rally, investors have been exploring Pullix in the ongoing presale. Ahead of its launch, the demand for PLX is also rising.
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Source: https://crypto.news/pullix-takes-on-injective-and-bnb-ahead-of-2024-bull-market/