Recent trends in the cryptocurrency market indicate a significant change in trader preferences, shifting from meme-focused tokens such as Bonk (BONK) to utility-driven assets like Pullix (PLX).
The ongoing ICO of Pullix has garnered attention due to its impressive Stage 6 performance, selling over 80 Million tokens and raising almost $4 million. Several industry experts are even identifying PLX as a potential 10x token and one of the best cryptos to invest in 2024 – continue reading to understand the reasons behind this assessment.
Bonk Up 37% Following Listing on OKX Exchange
Bonk (BONK), a Solana-based (SOL) memecoin gained popularity following a significant increase in its value after being listed on major exchanges like Coinbase. Bonk experienced an impressive price action in 2023, gaining over 10,000% during the course of the year.
Unsurprisingly. BONK token was the third-largest meme coin by market cap as of mid-December 2023 and the 43rd largest crypto by market cap. However Bonk has since faced resistance and subsequently witnessed a significant decline of over 70% from its December peak.
Despite facing this resistance, BONK has emerged as a compelling altcoin choice again, drawing considerable attention in the cryptocurrency market. Its recent surge of over 37% following its listing on the OKX exchange last week has positioned it as a top contender for investors seeking crypto with potential for high returns.
Furthermore, this surge is indicative of newfound support and heightened trading activity, signalling strong buying interest that could drive BONK price to $0.000025 from current range of $0.000011 and $0.000012 in the short term.
The recovery not only mitigated those losses but has also revived optimistic sentiment among investors. While it is important to exercise caution due to the inherent volatility of meme coins, the prevailing market dynamics suggest that BONK is relatively a good crypto buy as the bulls are in charge.
Pullix Revolutionizes the Trade Market With Its First Trade-to-Earn Platform
Pullix (PLX) is a DeFi project that is capturing investor interest due to its potential to revolutionize online trading. The platform aims to establish the world’s first hybrid trading platform, combining the best features of decentralized exchanges (DEX) and centralized exchanges (CEX).
This innovative approach addresses various market challenges, eliminating concerns about high trading fees, as Pullix operates with 0% commissions on trades. At the core of Pullix’s ecosystem is the PLX native token, the primary currency for trading on the platform. Notably, PLX stands out as the first “Trade-to-Earn” crypto, enabling users to receive a daily percentage of Pullix’s revenue through staking.
The implementation of a burn feature further reduces the PLX supply, potentially increasing its value and benefiting long-term PLX token holders. With millions of PLX tokens sold, the current cost of one PLX is $0.08, but its value is expected to rise as the presale progresses. Market analysts anticipate a potential 10x surge when PLX hits exchanges and has tagged Pullix one of the best cryptos to invest in Q1 of 2024.
For more information regarding Pullix’s presale see links below:
