Memecoins are in disarray with continuous fall since the turn of the year. Bonk (BONK) price has declined by 22% in the past month with Shiba Inu (SHIB) also slipping by 5% to cap memecoins low performances. Meanwhile, with the market battling the bear sentiment, investors are moving over to Pullix (PLX) which has been tipped to become the next blue chip crypto. The hybrid marketplace is set to jump by a massive 50% in February. Let's take a look at Pullix and explore why it is one of the best DeFi tokens in 2024.
Analysts Predict 50% Pullix (PLX) Increase in February
While the memecoins sector appears to be over with the decline of Bonk and Shiba Inu, Pullix is moving stronger in the market, courting the attention of several investors. So far, Pullix has raised more than $4.6 million in ongoing presale while currently in the 7th stage of the presale. This achievement signifies investors’ commitment and attraction to the token.
The interest in Pullix has also been aided by its listing on CoinGecko as investors who were not part of the project earlier are now accumulating the token. Pullix will solve the problem of constant security breaches that are common with exchanges by providing a state-of-the-art security apparatus for the safety of investors' assets.
To aid this plan, Pullix will act as a non-custodial exchange where investors hold the key to their assets without the need for a third party's interest. This fosters trust and transparency which is always a problem with many centralized and decentralized exchanges. Notably, Pullix has tons of reward systems such as yield farming, staking, and prize giveaways which investors can earn passive income. At the ongoing Meme contest, the platform will give a grand prize of $250 with the second and third runners-up getting $100 and $50, respectively.
The platform Trade to Earn utility token, PLX, an ERC20 token, is sold for $0.10. Investors will get a 10% bonus when they purchase at this price. Analysts rate Pullix as one of the best DeFi tokens and are predicting a 50% surge for the token in February and a staggering 200% after the end of the presale and a further 100x when launched. There is no concern about security as the smart contract has been audited by InterFi Network with the KYC fully verified by the BlockAudit team.
Bonk (BONK) Dropped a Significant 22% in One Week
The superb performance of the Solana-based memecoin Bonk (BONK) in October last year, where it jumped from $0.0000001745 to $0.00003419, made it a top crypto having caught the attention of investors. Since then, the Bonk price has experienced a serious fall, declining by 22% in the past month.
Experts attribute the latest Bonk capitulation to the decline in Memecoin popularity as more traders began to take profits gained during the surge. However, with Bonk getting listed across exchanges such as Coinbase, Binance, and Backpack, Bonk is expected to witness a significant rally in the coming months.
Shiba Inu (SHIB) Fails to Spark as Token Dips by 5% in One Month
Shiba Inu (SHIB), the second largest memecoin in terms of trading volume, is experiencing a tough time as the token fell by 5% in the past month. This latest Shiba Inu slip could be a fallout of the low performances of the general Memecoin market as investors look towards other projects that guarantee profits.
A further look at the Shiba Inu price chart indicates that the crypto is at a decisive symmetrical triangle. Analysts observe that a breakout of this symmetrical triangle could increase the volatility of the Shiba Inu price, and it could result in the token price further dropping. However, the rising Shiba Inu trading volume in the past week could be a catalyst for a resurgence soon.
For more information regarding Pullix’s presale see links below: