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Pullix (PLX) stands on the cusp of surpassing established players such as Polygon (MATIC) and Bitcoin Cash (BCH) in 2024. Now in the final stages of a successful presale, this new token promises to bring revolutionary changes to the trading market. Let's take a closer look at what Pullix is all about and why it has the potential to shake up the top 20 cryptocurrencies.
The launch of the Pullix trading platform marks a pivotal moment in the crypto exchange industry. By combining the strengths of both DeFi and CeFi, introducing a user-rewarding revenue-sharing model, and removing KYC requirements, Pullix is set to disrupt the current trading landscape.
One of Pullix's standout features is its revenue-sharing model that rewards users for their contribution to the platform. Simply staking PLX tokens on the platform entitles users to a share of its trading revenue.
This revenue-sharing model also increases liquidity for the platform to offer its users a smooth trading experience. Plus, Pullix is working with institutional-grade liquidity providers to ensure that the platform can handle high-volume trading with low spreads.
The rewards for PLX holders don't stop at passive income, as there are discounts on trading fees, access to exclusive features, governance rights, and more. Plus, the team intends to burn PLX tokens every month to reduce the supply and potentially increase its value.
By solving liquidity issues, security, and user engagement through its hybrid model, Pullix is not just positioned for growth — it's set to revolutionize how exchanges operate. The $7.20 million raised so far through the presale is a testament to its potential and promising future.
There is just one presale phase left before the public token sale, giving investors one last chance to fill their bags at $0.14 per PLX token. There is no telling how high PLX will climb when Pullix launches next month, but analysts predict 100x gains to make Pullix a top-20 cryptocurrency before the end of the year.
Polygon is the poster child of the 2020/21 bull run as it rose from obscurity to become a top-20 cryptocurrency in months. Formerly known as Matic Network, Polygon is a Layer 2 scaling solution that aims to make Ethereum cheaper.
Despite 100x gains to a peak market cap of $19.53 billion, Polygon couldn't sustain such a large valuation and fell to a low of $2.75 billion just six months later. Polygon has rebounded to a $9.40 billion market cap today but still faces many challenges.
One of the biggest challenges for Polygon is standing out in a crowded market of Layer 2 solutions. For example, Polygon zkEVM is 12th compared to all other Ethereum scaling solutions, according to data from L2BEAT.
The Polygon chart shows the $1.00 level as the key resistance level to break before a trend reversal can occur. A break of $1.00 could see Polygon re-test the 2023 high of $1.57 within weeks before testing the all-time high of $2.68 in late 2024.
Bitcoin Cash is a fork of the original Bitcoin protocol that emerged in 2017. With a larger block size limit of 8MB compared to Bitcoin's 1MB, Bitcoin Cash is supposed to be a daily-use cryptocurrency with faster transaction times and lower fees.
The 2017/18 bull run saw Bitcoin Cash surge to a $49.70 billion market cap as rumors of adoption by major retailers like Amazon swirled around the crypto community. The 2021 bull run wasn't as kind to Bitcoin Cash, with a peak market cap of 29.03 billion.
The idea of a cheaper version of Bitcoin has yet to catch on, and Bitcoin Cash has struggled to establish itself as a contender to the original cryptocurrency. Bitcoin Cash is now 19th in the crypto rankings, and analysts expect Pullix to push it out of the top 20 soon.
Technical analysis of the Bitcoin Cash chart highlights $300 as the next resistance level that needs to be crossed before a new bullish trend can emerge. Should this level be breached, $400 should be tested within weeks before the next major resistance zone at $700 – $800.
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