As numerous top crypto coins showed potential for the new year, only a few maintained their bullish momentum into February. Notably, tokens such as Binance (BNB) and Arbitrum (ARB) experienced an early January rise followed by a decline.
In contrast, Pullix (PLX) is attracting attention with its presale, having raised nearly $5 million in its hybrid trading platform. Analysts speculate that this remarkable presale offering from Stage 7 may be the next 30x coin and best crypto in 2024.
Pullix (PLX) Promising Outlook For The Cryptocurrency Market
Pullix (PLX) is an upcoming, innovative hybrid exchange that combines the best attributes of both centralized and decentralized finance (CeFi and DeFi) in a unified ecosystem.
Essentially, the hybrid exchange wants to provide a comprehensive trading experience while tackling the issue of liquidity predominant among online trading platforms. By incentivizing users to provide liquidity, Pullix can offer better liquidity and more competitive prices compared to other platforms. Not only will this initiative attract users, it also plays a pivotal role in driving up demand for the native PLX tokens.
Among other things, Pullix will provide a unified platform for all trading requirements, including high liquidity, speedy transactions, yield farming capabilities, and an intuitive interface.
Moreso, with Pullix’s “Trade-to-Earn” revenue-sharing model, PLX stakers can profit from a portion of the platform’s daily earnings. Meanwhile, PLX increased trading activity also results in higher returns for PLX stakers, creating a win-win situation for all parties.
Pullix will also introduce a token burn feature, which will broaden its appeal by lowering supply and raising value for holders who hold for an extended period.
During its ongoing presale, Pullix has amassed 15,000 active users and raised over $5 million as it nears its launch in 70 days. At Stage 7 of the presale, a single PLX token is trading at $0.10, a whopping 150% return on investment since its initial pricing.
When this altcoin lists on other exchanges in Q1 2024, industry experts estimate it might spike by 30x. These characteristics, coupled with the enthusiasm surrounding the project positions PLX among the best cryptocurrency to buy this year.
Binance Coin (BNB) Struggles to Hit it’s ATH of $320
Following recent price movements, Binance token’s market capitalization is now pegged around $45.23 billion. After registering a weekly decline slightly above 2%, with a price range of $303 and $ 309, the BNB price is facing strong resistance as it attempts to revisit the $310 price level.
In the meantime, BNB token will take its time to build up momentum before initiating a price movement. Following this news, investors may consolidate between $290 and $310 through the middle of February, unless a major activity pushes the price further any time soon.
Arbitrum (ARB) Struggles to Reach The $2 Price Mark
Arbitrum (ARB), a layer-2 solution hosted on the Ethereum blockchain, experienced a notable increase entering into 2024, peaking above $2.38 price level. However, this surge was interrupted shortly after, indicating a potential reversal in its price trend.
Interestingly, Arbitrum price subsequently showed bullish tendencies towards the end of January by moving above $1.82, the dynamic support levels provided by the moving averages during its uptrend. However, the rally hit a roadblock as it encountered strong resistance, reversing its upward movement.
As of the time of writing, ARB token is struggling to maintain its upward pace, and the token is having difficulty as it approaches a crucial resistance level at about $2.00. Following its inability to cross this barrier, ARB saw a 7-day decline of 3.84% to currently trade between $1.82 and $1.83.
For more information regarding Pullix’s presale see links below:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.