As Pullix (PLX) embarks on the final stages of its presale event, the rush to grab the last remaining tokens has been unprecedented. Avalanche (AVAX) and Tron (TRX) are switching to Pullix in droves, eager to capitalize on the predicted 100x gain when Pullix officially launches this month. Let’s take a closer look.
Technical Stalemate: Avalanche (AVAX)’s $50 Barrier
Avalanche is a layer-1 blockchain built for DeFi applications. It boasts a four-chain architecture that allows users to build robust decentralized applications with high speed and low transaction fees.
AVAX, the native cryptocurrency of Avalanche, has recently seen its value skyrocket from under $9 in October to a recent peak of $49 in late December. The Avalanche price now sits at $34 after holders cashed out profits at daily resistance.
Technical analysis suggests that Avalanche will not see another huge run until $50 is breached with conviction. Avalanche holders recognize this and have been jumping on the Pullix (PLX) presale to grab the last remaining discounted tokens before price discovery on the open market begins.
The long-term outlook for Avalanche is still bullish, with JP Morgan and other major institutions now testing the network for portfolio management. However, there will likely be volatility in the short term, making the discounted PLX tokens an appealing option for holders looking to flip profits.
Tron (TRX) 2024 Price Prediction
Tron is another popular smart contract platform that has been performing well recently. While the project initially faced criticism for plagiarism and false promises, Tron has since made significant improvements and now boasts an impressive TVL of $8.03B.
This increase in adoption has helped the Tron price increase from $0.065 in June 2023 to $0.12 today. Technical analysis suggests that Tron has broken out from mid-term resistance at $0.11 but now faces resistance at $0.13, which Tron has already wicked away from.
Some Tron holders are now taking their profits and buying up the last remaining discounted Pullix tokens. While Tron is bullish in the long term, the current FDV of $10.70B leaves little ROI upside for traders looking for parabolic moves.
Market analysts believe Tron will slowly appreciate or consolidate between $10 and $13 until the 7-day DEX trading volume of Tron ($85.81M) can challenge that of Solana ($6.06B) and Ethereum ($7.29B).
Pullix (PLX): Bridging the Gap Between DeFi and CeFi
Pullix is an upcoming hybrid exchange that combines the strengths of both decentralized (DeFi) and centralized exchanges (CeFi) into one cohesive platform. No longer will DeFi users have to suffer from liquidity issues and high gas fees, while CeFi users can finally enjoy a user-friendly exchange that offers KYC-free trading.
Users benefit from the high-speed execution and deep liquidity typically associated with centralized exchanges. At the same time, the Pullix platform maintains the ethos of decentralization by allowing traders to have control of their funds and private keys at all times.
Pullix users can trade various assets, including cryptocurrencies, commodities, ETFs, and forex, all within a single account. This unique approach makes it an appealing option for traders looking to diversify their portfolios without opening multiple accounts on different exchanges.
The Pullix platform introduces an innovative revenue-sharing model that rewards users for holding and staking PLX tokens. This model ensures that traders can generate passive income while also enjoying discounted trading fees, access to new features, and governance rights.
The PLX token can be purchased for a discounted price of $0.10 in the penultimate presale stage. With Pullix launching next month, this may be the last time investors can get in on the ground floor before the market starts recognizing its true potential.
With its hybrid model, commitment to security, innovative revenue-sharing mechanism, and comprehensive trading solutions, Pullix represents a new era of trading platforms. Analysts have taken all of this into account and predict that Pullix could outpace Binance and soar by 100x in the next few years.
For more information regarding Pullix’s presale see links below:
