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Recently, the DeFi market saw some exciting developments as Cardano (ADA) revealed its final development update for 2023, marking the end of a very successful year for ADA. And finally, analysts are making bullish statements concerning the future of Uniswap (UNI). Meanwhile, Pullix (PLX) has reached Stage 5 of its presale.
Cardano News
Cardano (ADA) enthusiasts were excited as the platform unveiled its last development update for 2023. They highlighted that this will be the final update for 2023, announcing a temporary halt until further updates starting January 12, 2024.
In terms of the Cardano crypto value movement, it has increased from $0.38 on November 29 to $0.61 on December 29. Moreover, Cardano recorded 17/30 (57%) green trading days over the last month alone - a good bullish sign.
Due to all these reasons, CoinCodex analysts predict that Cardano will trade at $0.62 in January 2024.
Pullix (PLX): A Crypto ICO That Excites
Pullix (PLX) is racing into Stage 5 of its presale journey. PLX, a DeFi project aiming to revolutionize trading platforms, has gained substantial attention with its innovative hybrid exchange model. On this platform, you will find the best features of both DEX and CEX - including deep liquidity, high leverage starting at 1000:1, and access to all asset classes (OTC derivatives, Forex, cryptos etc.) on one account.
While the FTX crash may have caused some traders to lose faith in exchanges, Pullix aims to change this. You will no longer need to worry about the custody of your assets, as Pullix is a non-custodial exchange. In other words, users can connect a crypto wallet to it, deposit crypto, and start trading while retaining asset control.
The exchange is the main attraction, but Pullix will also introduce other components in its ecosystem:
- Trade-to-Earn: Instantly receive credited tokens with the Trade-to-Earn mechanism.
- Copy Trading: Employing AI-powered algorithms, users can copy top traders' trades.
- Swap: The Pullix DeFi swap streamlines token trades, ensuring minimal transaction fees.
All these features are powered by the PLX native token, now worth $0.07. Staking is applied to PLS token. To become a liquidity provider, you may even stake other cryptocurrencies like Ethereum with Pullix.
Uniswap Price Prediction
Meanwhile, crypto analyst Ali Martinez has made a bullish Uniswap (UNI) price prediction. According to him, Uniswap has solidified the $7.23 level and could see a potential surge towards the $10 mark.
The Uniswap price has risen lately, jumping from $6.23 on December 22 to $7.65 on December 29. Furthermore, the technical analysis of this altcoin mirrors this bullish prediction, as 25 technical indicators are in the green. As a result, experts in the crypto field foresee the Uniswap coin reaching $8.74 in January 2024.
Final Thoughts
While all these tokens are DeFi coins to keep on your radar, one may surge much faster. Pullix, with its low market cap of $14M, stands out when compared to Cardano and Uniswap, which have market caps of $21.6B and $4.5B, respectively. To clarify, PLX will only need to add $14M to its current marketcap to double. This will happen faster and easier when compared to ADA and UNI. As a result, PLX is the best DeFi crypto right now.
For more information regarding Pullix’s presale see links below:
Dan Burgin
Alex Dovbnya
Denys Serhiichuk
