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A new crypto project has surprised the crypto market, surpassing top giants like Decentraland and Perpetual Protocol. Interestingly, the DeFi coin of the project, Pullix, has increased 75% in the past month.
PLX, the utility coin of the Pullix platform, has been tipped as the best cryptocurrency to invest in. Its price performance has outshined the likes of Decentraland and Perpetual Protocol. The excitement around Pullix is set to peak with the platform's launch in January 2024. Analysts are hinting at a potential surge in the value of PLX.
So, what makes PLX stand out? Pullix is a hybrid exchange that brings various advantages to its users. Trading on Pullix is designed to be user-friendly, with high trading activity and minimal price differences between buying and selling. However, the influence of Pullix stretches beyond its role as an exchange. It is changing how trading is done in the crypto space.
Holding PLX tokens means more than just owning a cryptocurrency; it is like owning a stake in the platform's success. The more PLX you hold, the larger your share in Pullix's daily profits. Token holders also enjoy access to unique features such as NFTs and staking rewards, adding more value to their investment.
One of Pullix's innovative offerings is its liquidity provision feature. This allows users who contribute to the trading volume on the platform to earn appealing interest rates, which can range between 8% to 18%. These rates are set fairly through an algorithm, ensuring a balanced approach.
There is also a staking feature. By staking $PLX tokens into the platform's liquidity pool, users can earn a fixed monthly passive income, potentially up to 18% APR. All these features together position PLX as the best cryptocurrency to invest in for 100x gains in 2024.
Decentraland (MANA) is one of the top giants in the metaverse platforms. At the height of the metaverse frenzy, the Decentraland coin skyrocketed to a peak of $5.90.
Unfortunately, the metaverse hype has died down, and tokens like Decentraland have dropped below $1. According to CoinMarketCap, Decentraland's price had dipped 90% from its all-time high.
Despite numerous attempts by the Decentraland team to renew users' interest in the metaverse, all have failed. In the past seven days, the Decentraland price has been unable to reach the $1 mark.
It has been trading between $0.508135 and $0.560322 in the past week, with a price drop of 4.2% on the weekly chart. Despite the price drop, the altcoin price is bullish on the monthly chart, with a rise of 19%.
Like Decentraland, Perpetual Protocol (PERP), an Ethereum-based Decentraland exchange, is far from its all-time high. Perpetual Protocol reached an all-time high of $24.84 is 2021 during the bull run.
Unfortunately, the token lost its price momentum during the 2022 bear market. It fell to an all-time low of $0.3145 in November 2022. Luckily, the Perpetual Protocol token picked pace at the end of 2023 and has continued with the same bullish momentum in 2024.
According to CoinMarketCap, the altcoin price has increased 39.3% in the past week. Also, it is up 144.8% on the monthly chart, with a yearly gain of 343.4%.
This is the time to leave old coins like Decentraland and Perpetual Protocol and go for new ones like Pullix. Pullix's PLX is currently priced at $0.07 after it entered stage 5. The DeFi coin started from an initial price of $0.04 and has soared to $0.07. Analysts have forecasted a rise to $0.1 in the coming weeks.
For more information regarding Pullix's presale see links below:
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
