In the battle to stay relevant in the market, some tokens have begun the road to rejuvenation while some are still languishing in the downtrend. Internet Computer (ICP) has triggered some positive price corrections while Toncoin (TON) is still struggling with the bear trend. In another development, the Pullix platform's quest to become the first hybrid trading platform has received enormous attention from the market with more than 80 million tokens sold so far. As a new DeFi token, analysts have picked the PLX as one of the top cryptos to invest in now. More details below.
With Internet Computer slightly increasing and Toncoin still battling the bear pressure, Pullix will create the first hybrid-based crypto trading platform. The hybrid nature of the Pullix will solve the problems of key exchanges such as Kucoin and Huobi. These exchanges charge users high transaction fees which the Pullix platform is set to solve.
Also, many of them lack liquidity and are consistent for security breaches. However, the Pullix trading exchange will offer zero commission on transactions, high liquidity, and robust security. Most importantly, the platform will give power to investors to have total control over their assets, thereby eliminating the need for third parties.
Due to these exciting features, Pullix has garnered a total of 15k participants so far with nearly $5 million generated since the start of the presale. The platform has also sold millions of its native tokens in presales so far. As the presale enters the final 2 stages, investors can buy the PLX, an ERC20 token for just $0.10. Investors who purchase the token now will get a 10% bonus before the presale ends in 70 days.
Pullix has been listed on CoinGecko and is set to reward investors by enabling a profit share model where PLX token holders will earn a percentage of profits from the platform's daily revenue. The platform also has a token burn feature for the remaining non-purchased tokens. As a new DeFi token, analysts rank Pullix highly and predict a 100x return after the project's launch.
Internet Computer (ICP) has witnessed positive price actions in its weekly charts which indicates that the token is already on the upswing. Having traded below $5 in November 2023, Internet Computer has rallied to trade between $10 and $13.50 in the last 30 days, making it one of the top cryptos in the market.
A slight 2.44% increase in the last week suggests that Internet Computer's bullish momentum may have just started. Some analysts believe that if this present momentum is sustained around the $15 resistance trendline, the Internet Computer price could reach the $20 benchmark before the end of the year.
Toncoin (TON) on the other hand, is feeling the heat of bear pressure as the token sinks to a new low. Having traded around the $2.17 mark in the last two weeks, Toncoin price has dipped by a slight 4% in the past week signifying the continued dominance of the bears.
Toncoin has also failed to mount a challenge at the 50 EMA with the 200 EMA looking beyond the reach of the token now. As the Toncoin price is set to retest the support level of $2.1, investors can only hope that a successful retest will spark positive price actions for the token.
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