February 12th, 2024 at 12:00 pm UTC · 3 min read
/Pullix/ – The Binance exchange has been performing exceptionally well recently, with its market capitalization and Total Value Locked (TVL) experiencing significant growth in the past few years. Moreso, BNB, the native coin of Binance Exchange, has risen drastically to surpass the $320 threshold, a price point that has only been achieved once since mid-2023.
Despite Binance’s positive performance, Pullix (PLX), a new hybrid exchange, is poised to potentially overtake Binance as it introduces a revolutionary solution to DeFi liquidity issues in addition to a Profit Share model, making it a considerable choice of crypto to buy for long term investment.
Despite trading with a bearish sentiment for the most of 2023, Binance still holds a solid reputation and one of the most influential crypto exchange platforms on the market. Throughout its existence, Binance has been able to amass over $48 billion market cap and a TVL currently at $1 billion.
The aforementioned figures indicate a 2.60% increase for Binance market cap in the past few hours and 3.46% increase for its trading volume. The price of Binance coin on the other hand, has increased by 5.90% in the past month and over 6.30% in 7 days.
As Binance appreciates, it currently holds within a weekly price range of $298.85 to $323.60. Currently, Binance positions as a good crypto to buy as it might continue rising amidst the positive sentiment it’s been getting from rising from $303 on the 7th of February to its current high above $320.
After a long series of fluctuations in the past two weeks, Binance bulls have already broken out of the resistance level. Should the market sustain its upward trajectory, breaching the next $323.9 resistance level, its bullish sentiment is bound to strengthen.
This will place the coin for a challenge of the crucial $334.4 resistance. Maintaining stability at this juncture could pave the way for Binance coin to target its upper boundary at $342 in the weeks ahead.
Pullix (PLX) stands as an emerging force in the realm of DeFi, currently in the last two stages of its presale journey. Positioned as a pioneering platform within the Web3 landscape, it offers investors unrestricted access to a diverse array of assets, including cryptocurrencies, without the burdensome KYC procedures.
Blending elements from both centralized and decentralized exchanges, Pullix establishes a cohesive hybrid model, empowering users with the ability to margin trade across various asset classes with leverage ratios soaring up to 1000:1.
The platform has already amassed over $5.25 million in its presale journey and is set to even create more earnings for its users as it announces a Profit Share model solely acting as an earning incentive for users of Pullix platform. Due to launch in less than 70 days, the token is already considered as the best crypto to invest in.
Furthermore, Pullix presents another lucrative avenue for passive income through its liquidity provision system, where investors can seamlessly participate by providing liquidity to automated market makers (AMMs). Bolstering its appeal, Pullix also incorporates a token burn mechanism into its ecosystem.
With over 15,000 holders currently invested in PLX, the project is now positioned at Stage 7 of its 8-stage blockchain ICO journey. Trading at $0.1, industry analysts forecast an explosive 100x surge in value upon its official launch, cementing Pullix as a prime contender for the best crypto investment platform.
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