PLX, the native token of the Pullix hybrid exchange with a merge of CeFi & DeFi elements, is one of the most talked about coins in the current market cycle. After already securing listings on top-tier exchanges, the native PLX token navigates the market in such a way that prompts investors to contemplate its potential to mirror the growth of Binance (BNB). While Binance coin is also a large player in the DeFi market, gaining by over 34% in the past month, Pullix is clearing doubts with interesting pace and developments that seems to tackle existing challenges in the DeFi space.
Binance (BNB) Dips Slightly While Maintaining Significant Market Dominance
Reclaiming its position from Solana in the past few weeks, Binance (BNB) is once again, holding the fourth position in the ranking of the cryptocurrencies with the largest market cap. Being a top crypto exchange platform for many years, Binance has also seen a very significant amount of growth. The token has even moved over by 500,000% since it was launched.
Currently, Binance is still burgeoning, as the token is activity riding bullish sentiments on the market. Despite registering a yearly gain of over 83% and over 38% in the past month, the token is currently facing a weekly decline of over 6%. The decline has, however, dropped the price of Binance below its weekly $615 support threshold.
While Binance coin is now holding in a weekly price range of $546.43 and $618.65, experts think that it has a good chance of scaling above its ATH of $686 this year, especially in the second or third quarter. Generally, Binance holds a strong position among the top exchange platforms with incredible growth potential, however, with Pullix in the picture, Binance might be up against a strong contender.
Pulliix (PLX) Raises The Bar By Allowing Easy Trading Without KYC With a Passive Income Model
Considered one of the best DeFi coins to invest in, Pullix (PLX) stands out as a hybrid exchange that innovatively incorporates Trade-to-Earn and a revenue-sharing model. The platform has been making improvements to its platform since launching its beta live trading. For one, they have added one payment service provider (PSP) and plan to include two more to accept a wider range of cryptocurrencies.
Additionally, users can now stake their PLX tokens to receive a share of the daily revenue, a unique feature not commonly seen in the Web3 landscape. Additionally, PLX’s token burn mechanism contributes to potential value appreciation. The platform is already upgrading its system with a new CRM to bring together different applications into one, which combines DeFi and CeFi features, promising big changes in the DeFi market.
Beyond these features, the platform also offers perpetual futures, CFDs, and a secure cryptocurrency vault. Since its initial listing at $0.168, PLX has surged to an ATH $0.76, marking a remarkable 350% plus increase in value. Currently listed on MEXC, BitMart, XT.com, Uniswap, CoinMarketCap, and CoinGecko.
With its recent launch on March 21, 2024, Pullix has also introduced staking, with about a quarter of presale tokens already staked, mostly locked for 180 days after launch. These updates show Pullix’s commitment to user-friendly features and attracting long-term investors in the DeFi market .
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