Despite the excitement generated by the Bitcoin ETF approval, the aftermath has seen Bitcoin (BTC) and many altcoins nosedive. However, Solana (SOL) is defying all odds with the platform memecoins making impressive rallies despite the general crypto market’s negative trends.
Meanwhile, Pullix (PLX) has sold over 75 million tokens in the ongoing 6th stage of presale with over $4 million raised. With its hybrid model, Pullix is set to launch its platform soon which investors are eyeing at the moment.
Pullix (PLX) Has Raised Over $4 Million in Presale
With Bitcoin and Solana posting contrasting performances, Pullix presale has been a huge success with over $4 million worth of PLX tokens sold so far. Out of many exchanges, Pullix will be the first that tackles the issues of liquidity and transparency that have plagued the crypto exchanges for a long time.
With investors losing trust in exchanges as a result of unsafe investment, Pullix will step in to create a hybrid approach where liquidity and enhanced security will be the utmost objectives. With Pullix, investors hold the key to their assets with no interference whatsoever from any third party. This will pave the way for independent trading, robust security mechanisms, and regained trust among investors.
By incentivizing users to provide liquidity, Pullix will be able to offer better liquidity than many platforms, thereby attracting more admirers and driving up the demand for Pullix utility tokens. With a series of trading features such as perpetual futures, contracts for differences (CFD), lending protocol, and NFT launchpad lined up, investors will be able to make the best investment decisions that lead to profit.
The platform’s native utility token PLX, an ERC20 token, is on sale for $0.08. Holders of the PLX token will earn a percentage of the daily revenue streams on the platform. Holders may also provide liquidity to the automated market makers for a fixed passive income. Pullix also offers liquid and slippage-free trading opportunities for investors who like speedy trading adventures.
The token’s liquidity will be locked for 2 years when launched on Uniswap. The smart contract has been audited by InterFi Network, while the BlockAudit Team has verified the KYC.
Bitcoin (BTC) Price Crash Signals Warning to Investors
The price has been on the decline since the success of the spot Bitcoin ETF. It has retrogressed, slipping below $40,000 from nearly $50,000. The trading volume has also dropped in the same timeframe.
In a tweet on X, notable Bitcoin critic Peter Schiff outlined his warning that the Bitcoin SEC approval was done after the SEC chairman was left with no option. Schiff also said the SEC may later impose more rigorous regulations associated with AML policies that may undermine BTC’s use case. All these could result in the fall of Bitcoin price.
Solana’s (SOL) Memecoins Establishing Market Downturn
In what appears to have been a short-lived high, Solana’s meme coins are seeing major price retracements.
Some of the most popular meme coins on the network, such as DogWifHat (WIF) and Myro (MYRO), have seen noticeable negative momentum in the past few days.
After getting listed on exchanges, DogWifHat witnessed a rise to $0.45 and then a massive crash. Myro also increased to $0.2, signifying a 750% increase in one month. While it is early time, the present momentum exhibited by these Solana meme coins has seen investors look for more stable alternatives.
For more information regarding Pullix’s presale, see links below:
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Bridgit Murphy
Source link
