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The crypto market is flooded with tokens all claiming to be the "next big thing," often riding on hype alone without a solid backup, roadmap, or clear project plan.
While meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) have been in the limelight, boasting impressive percentage returns, the terrain is quickly shifting. Investors are now seeking projects that, while fun, also bring practical utility to the table, ensuring a secure foundation for their investments.
Projects like Pullix (PLX) shine as a more promising investment as a top crypto to buy compared to the meme coin frenzy. Pullix has garnered increased attention since completing its first presale stage.
Do crypto projects still prioritize utility over hype? Absolutely, and Pullix is one project that stands out in this regard. The hybrid exchange combines elements of DeFi and CeFi alongside features of online OTC trading; in other words, Pullix stands out as a pioneering solution that seamlessly integrates online trading, cryptocurrency, and anonymity.
Among other things, stability and security are top priorities for the Pullix project while the platform's community-driven trading initiatives empower users to tag along with successful traders and use copy-trading strategies, ensuring they make the most of their investments.
PLX, the native token, offers a range of benefits, including a fixed monthly income and multi-asset staking. Unlike other platforms, Pullix allows users to stake not only PLX but also Bitcoin and other supported cryptocurrencies. Meanwhile, Pullix tokenomics are finely tuned for utility, boosting trader engagement, ensuring sustainability, and fueling platform growth.
Additionally, Pullix stands out with its user-friendly approach to trading. Unlike traditional brokers demanding extensive KYC documentation, Pullix simplifies onboarding with a crypto deposit-only system, making trading accessible to a wider audience.
Furthermore, Pullix implements a token burn mechanism for PLX to stabilize and potentially increase its value. A portion of the platform's daily profits is allocated to purchase and permanently remove 50% of these tokens from circulation, reducing the total supply. The remaining 50% serves as rewards for users staking PLX, encouraging long-term holding and active participation.
This deflationary strategy aligns Pullix's interests with users and investors, making the PLX token more than just a medium of exchange—it becomes a pivotal component in the Pullix ecosystem.
Currently, in stage 3 of its presale PLX tokens are selling for $0.044 with 78.8% of tokens available for the sale already taken. While the altcoin season is just gaining momentum, PLX presents significant potential for high return and easily ranks among the best coins to invest in with a potential 10X on the horizon.
The Shiba Inu (SHIB) community burn has been buzzing with about 45% of the total token supply already reduced. Much credit goes to Ethereum founder Vitalik Buterin, who received half of the SHIB token supply in 2021 and contributed significantly to the burn by donating to a COVID relief fund.
In the short run, the coin has displayed resilience, marking a 15.21% uptick in Shiba Inu price over the past month. However, it's essential to highlight that Shiba Inu has encountered significant challenges over the year, experiencing only an 11.19% increase in its price compared to a year ago.
Looking at the bigger picture, Shiba Inu's price has plummeted over 88% from its all-time high price in October 2021. This continuous downward trend prompts questions about the coin's capacity to maintain its value on just the hype train alone. In a broader context, the sustained decline signals a potential shift from riding solely on hype to recognizing the importance of utility today.
Pepe Coin (PEPE), inspired by the legendary "Pepe the Frog" meme, hopped into crypto space this year. With a circulating supply of 417 trillion tokens, of which over 90% is securely locked in liquidity pools, Pepe Coin's market cap climbed high reaching around $587 million.
The Pepe community is optimistic, anticipating the Pepe price to hit the $0.000002 milestone, but sustaining this momentum is crucial in the coming year. Despite a recent low of $0.00000103, Pepe Coin has shown commendable growth.
While the PEPE website emphasizes the token's lack of intrinsic value or financial return expectations, Pepe Coin has surprisingly climbed into the top 100 crypto tokens by market capitalization within just two weeks of its launch. It quickly gained interest from investors sometimes in April, and have since secured a spot among top crypto to buy.
However, the absence of fundamental utility purpose raises questions about the sustainability of Pepe's price surge, suggesting that relying solely on the hype train might not be a long-term strategy for this meme-inspired crypto.
As Bitcoin makes a comeback, moving past $42K, meme coins are on the bullish wave. Gems with strong utility, like Pullix, could quite easily become investment nuggets as the top crypto to buy in 2024.
