.png){kind=logo}
With an insane 80M tokens sold during the presale so far, Pullix (PLX) has become a must-watch in the DeFi market. Some analysts hint that this Stage 6 presale project may evolve into the next 100x token in 2024. It also seems that its unstoppable rise is causing other big players like BNB (BNB) and OKB (OKB) to tank. Let's find out why.
Pullix (PLX) has recently been making waves in the crypto scene. Over 13,000 presale registrations have helped Pullix sell over 80M tokens and raise nearly $5M. People are confident that its long-term growth could be spectacular.
At its core, Pullix aims to solve all online trading issues by creating a hybrid platform. On this platform, traders will find the best CEX and DEX features. Therefore, deep liquidity, access to all asset classes (including cryptos), and low trading fees. While this exchange is the main attraction, the Pullix team will also incorporate other components, such as:
The PLX native token fuels all these features, and investors are rushing to buy it. By staking it, you will receive a portion of Pullix's daily revenue – making it the first "Trade-to-Earn" crypto. Plus, you may stake other cryptos with Pullix for a fixed interest rate. All these passive income capabilities are what make this DeFi project so unique.
One PLX token is currently worth only $0.10, a 100% pump from its starting price. Experts forecast a potential 100x price surge once it hits exchanges in Q1 of 2024. This price prediction may come true since it has real-world ties to the Forex market, which sees a daily volume of $6.6T. This makes PLX one of the altcoins to watch.
Meanwhile, BNB (BNB) has faced some troubles. CoinGecko data shows the BNB price has fallen from $311 to $291 in the last week alone. Its market cap decreased from $47B to $43B in that time.
We can notice a neutral sentiment for this altcoin's technical analysis. Notably, it has experienced 16/30 (53%) green trading days in the last month. Moreover, 17 technical indicators are showing green.
When making BNB price predictions, analysts notice these indicators. As a result, CoinCodex analysts have predicted that the BNB price may rise to $475 before February 2024 ends.
OKB (OKB) also made some headlines recently as it suffered a flash crash. On January 23, the OKB crypto dropped hard from $52 to $25, an almost 50% drop. This is bad news for anyone who bought the altcoin.
Moreover, its market cap has fluctuated between $3.28B and $2.92B in the past week alone. Sentiment for this altcoin is bearish at the moment, as 22 technical indicators are showing red.
Due to all these reasons, even bullish market analysts have made a conservative OKB price prediction. They foresee the OKB value reaching $48 in February 2024.
With a market cap of $20M, Pullix gains an advantage over BNB and OKB. The lower market cap means that Pullix needs fewer new funds to see a pump. So, there is potential for it to take off faster than the two other altcoins. This makes PLX the best crypto to buy.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.
