The idea that 2024 would see a cryptocurrency bull market is overwhelmingly supported by market experts. Because of this, it is anticipated that cryptocurrencies will see significant price gains throughout the year, sparking interest from both enthusiasts and investors.
Pullix (PLX) is one of the projects that has been making waves with its recent bullish run, outpacing top altcoins like Tron (TRX) and Polygon (MATIC). So, what is Pullix, and why is it gaining so much traction in the market?
Pullix (PLX) To Lead the Next Generation of Crypto Exchanges
One of the DeFi projects primed to lead the next wave of cryptocurrency exchanges is Pullix (PLX). Fundamentally, Pullix is a distinct hybrid exchange that expertly combines the finest aspects of CEX and DEX systems. Its primary objectives are to increase trading simplicity, reduce transaction costs, enhance speed and security, and increase liquidity.
An even greater range of assets, such as stocks, currency pairs, and commodities, are offered by this DeFi project. These markets were selected because of their high levels of transaction volume and liquidity. The FX market has a daily trading volume of $6.6 trillion, while the over-the-counter (OTC) derivatives market has a daily trading volume of about $40 trillion.
One more important aspect of the project is the Pullix Swap platform. Users will be able to exchange tokens with this feature. It is built to be easier, quicker, and less expensive than the competition. Rather than depending on traders finding each other directly, the platform will use a liquidity pool.
Because it removes the requirement to find a trade partner, this technique speeds up transactions. The innovation of Pullix is the reason why PLX is ranked as one of the top crypto coins you can buy now. The DeFi coin currently trades at $0.08 but is expected to rally up to 25x in the first half of the year.
Polygon (MATIC) Flips Ethereum in NFT Trade Volume
One of the top altcoins, Polygon (MATIC), began 2024 on a bullish note, continuing how it ended 2023. For the first time, the NFT sales volume on the Polygon network has exceeded that of Ethereum. Polygon has recorded a volume of $10.25 million compared to Ethereum’s $10.16 million.
The record-breaking run is connected to a recently released game created by STEPN. For weeks, the game has been the main source of activity on the network. Four NFT collections from the game, Gas Hero, have combined for 80% of all the trade volume on the Polygon network.
Despite the surge in NFT trading volume, MATIC continues to suffer. The price of Polygon is down by more than 18% on the weekly chart. While MATIC looks to join the rest of the crypto market rallying, it needs to first recover the $0.8500 resistance. If the price of Polygon breaks above this resistance, then it could rally as high as $1 in the coming days.
TRON (TRX) Record Major Milestones But Price Remain Flat
Tron (TRX) has been established as one of the top crypto coins because of its ability to handle high volumes of transactions. The Tron network is also significantly faster than the competition. This is the reason why it has become the preferred blockchain for transactions.
The team recently announced that the Tron network hit a milestone of $1.2 trillion in stablecoin transactions. While only a handful of other chains have achieved this feat, the price of the Tron coin has remained unresponsive to the milestone.
Over the last month, TRX has ranged between $0.098 and $0.110. The TRX coin is currently priced at $0.104, dropping by 4% on the weekly chart. This lackluster performance is the reason Pullix has been winning the altcoin battle.
Closing Thoughts
While Troa and Polygon will benefit from the 2024 bull market, Pullix looks to be the clear winner. This promising DeFi coin has gained much attention because of its innovation and market potential. Thus, now is the best time to join the PLX train before it leaves the station.
For more information regarding Pullix’s presale see links below:
