Money Rotating Into DeFI – Pullix (PLX), Shiba Inu (SHIB), Bonk (BONK), and More
The crypto tides are shifting, and Pullix (PLX) emerges as a rising presale star. It is now in Stage 6 of its presale, raising over $3Million, some experts hint that PLX could become the next 100x altcoin in 2024. But how does this newcomer stack up against well-established altcoins such as Shiba Inu (SHIB) and Bonk (BONK)? Let’s find out.
According to an ISDA report, the OTC derivatives market was worth $618T at the end of 2022 – and Pullix (PLX) has noticed. This new DeFi project will introduce a unique hybrid trading platform. On this platform, you can trade all asset classes, including cryptos, OTC derivatives, gold, and more – all on one account.
While this platform is the main appeal of Pullix, its team will also introduce other features like:
- Yield Farming: Participate in Yield Farming within the Pullix platform to generate PLX tokens by contributing liquidity through staking LP Tokens.
- Copy Trading: Pullix introduces a feature enabling users to mirror trades made by other traders within its ecosystem.
- Lending Protocol: Within Pullix, this function establishes money markets, facilitating lending and borrowing opportunities within the cryptocurrency domain.
The PLX native token drives these functionalities, offering various advantages to holders, such as trading fee reductions and more. Yet, the most compelling benefit is reserved for PLX stakers, who will receive a share of Pullix’s daily revenue through its innovative “Trade-to-Earn” mechanism.
This feature has triggered a surge in interest for the PLX token, which costs just $0.07. Now in Stage 5 of its presale, over 8.8M tokens have been sold. Demand is so high that experts anticipate a 580% growth trajectory before the presale ends. Some forecasts even suggest a potential 100x surge after a Tier-1 CEX lists this DeFi coin in Q1 of 2024.
Shiba Inu News
Recently, Shiba Inu (SHIB) announced the launch of the 8th edition of SHIB Magazine. Within this announcement, Shiba Inu also revealed that the upcoming release of the second edition of the Shibacals collection will come on January 11.
Regarding the Shiba Inu coin, its value soared from $0.000008976 on December 3 to $0.000009754 on January 3. Additionally, this meme coin is now trading above its 50 and 100-day EMAs – a good bullish sign. Because of this, market analysts predict that the Shiba Inu coin will trade at $0.00001153 by the end of February 2024.
Bonk Price Prediction
Bonk (BONK) has been on a tear on the monthly charts, pumping by 143%. According to CoinMarketCap, the Bonk price has jumped from $0.000005903 on December 3 to $0.00001188 on January 3.
From a technical viewpoint, the Bonk crypto may experience further growth as its Fear & Greed index rating is 70 (Greed). As a result, CoinCodex analysts predict that the Bonk value will reach $0.00001428 by the end of January 2024.
Pullix To Surge Faster Than Shiba Inu and Bonk
When it comes to comparisons, Pullix gains the upper hand. Firstly, Shiba Inu and Bonk are meme coins, which means they do not have utility. On the other hand, PLX serves as the main currency on Pullix while bringing many benefits to its holders.
Secondly, Pullix has a low market cap of $14M, while Shiba Inu and Bonk sit at $5.6B and $721M, respectively. In other words, PLX only needs $14M for its current value (and returns) to double. Thus, PLX is the best crypto investment for quick gains.
For more information regarding Pullix’s presale see links below:
