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Major sentiment shift comes as Pullix approaches the final stages of a successful presale event that has raised $5.5m so far. Let's explore the reasons behind this activity and the potential impact on the market.
Supporters of Pullix (PLX) can take part in pre-sale and buy tokens here.
Pullix (PLX) introduces new opportunities for crypto trading
Pullix is an upcoming asset exchange that combines the best aspects of decentralized and centralized trading solutions. With a focus on solving liquidity issues, enhancing security, and providing a user-friendly experience, Pullix is dedicated to setting a new standard.
Part of this dedication is the "Trade-to-Earn" model that rewards PLX token stakers with a portion of the platform's daily revenue for simply holding their tokens. This innovative feature has caught the attention of many investors, particularly whales who are looking to maximize their profits.
Integrating multiple asset classes — including crypto, forex, commodities, and stocks — into one account is a distinctive feature that separates Pullix from the competition. Plus, all it takes is an email address to get this account, as there are no KYC requirements.
The platform boasts institutional-grade, slippage-free trading with an off-chain order book for rapid execution. The idea is for Pullix to rival the speed of traditional centralized exchanges without sacrificing the security and flexibility of DeFi.
The PLX token is an important component of the Pullix ecosystem, serving as a utility token for staking, trading fee discounts, and governance rights. With a limited total supply of 200 million tokens and a powerful burn mechanism in place, PLX is designed to increase in value over time.
The current phase-7 presale price of $0.10 is a time-limited opportunity to buy PLX tokens before price discovery begins on public exchanges.
Cardano (ADA) comes with amazing ROI opportunities
Cardano prides itself on being a research-driven blockchain focusing on scalability, interoperability, and sustainability. This unique approach caused the price of Cardano to surge by more than 100x in the 2020/21 bull run, as investors could see Cardano challenging Ethereum as the top smart contract platform.
However, the recent whale activity suggests that some investors may have lost confidence in Cardano's ability to deliver on its promises. Solana is picking up the mantle from Cardano as the next Ethereum killer, with Solana DeFi trading volumes crossing $1B recently.
The price of Cardano climbed from $0.24 in late October to a recent peak of $0.68 in mid-December.
Analysts suggest that $0.80 is the next major resistance zone that Cardnao must cross to start another bullish leg.
XRP mainstream success and SEC hurdles
Ripple was one of the first altcoins to reach mainstream success as it positioned itself as a faster alternative to Bitcoin with lower transaction fees. In fact, Ripple became the 2nd largest cryptocurrency by market capitalization in 2017, reaching an all-time high of $3.84.
However, the SEC's lawsuit against Ripple, alleging XRP as a security, caused a significant price decline and stifled its growth. The Ripple team is now back on track as they continue to expand their network and attract more partnerships with financial institutions.
The recent deal stuck with Onafriq to improve cross-border payments in Africa is the latest example of Ripple's potential to disrupt traditional banking systems.
While Ripple holders are happy with developments, there is an alarming lack of positive price movements as XRP continues to range under the $1.00 psychological resistance.
For more information regarding Pullix’s presale see links below:
Dan Burgin
Alex Dovbnya
Denys Serhiichuk
