Pullix (PLX) is seeing a huge inflow of whales as the platform announces the project launch date. Meanwhile, a significant downtrend is hitting tokens such as Filecoin (FIL) and Near Protocol (NEAR) in the crypto market. As a result, investors are drifting toward Pullix, which has sold over 80 million tokens in presale. The massive potential of the Pullix project has made analysts pick its utility token, PLX, as one of the best cryptos to invest in now for potential gains when the project launches. More details below.
Filecoin (FIL) Records Another New Low as Token Continues to Bear
Filecoin (FIL) has gone below the $5 mark following a month-long bear trend. For context, the market chart shows that the token price declined by 16% within the last month and 7% in the past week. Also, the Filecoin trading volume has shown inconsistencies in the last two weeks.
Meanwhile, the Filecoin market charts show that the chances of triggering a price resurgence are low. However, experts reckon the token won’t depreciate below $4 in Q1 which might be positive news to Filecoin token holders.
Price of Near Protocol (NEAR) Continues its Downward Spiral
Near Protocol (NEAR) held a lot of bullish potential at the beginning of 2024 when the token was looking to establish its support level above $4. However, Near Protocol experienced a sharp decline in price value, losing over 22% within the last month, as per market stats. Zooming in, the Near Protocol price has also fallen by up to 9% within the last week.
Meanwhile, it is worth noting that Near Protocol is experiencing an uptrend in trading volume, having seen an average day-to-day growth of 40% within the last week. While a significant bullish momentum may be unlikely, experts still believe that the Near Protocol token may break its bearish trend in the coming weeks.
Pullix (PLX) Gains More Investors as Project Sets to Launch Soon
Pullix (PLX) is receiving a record number of investors, presumably from Filecoin and Near Protocol, who are buying the PLX tokens presale in large numbers. As a result, over 15,000 investors now hold the PLX token, with more to follow. It is now a bit of a scramble for investors, with only two stages of presale before launch, making Pullix one of the most popular crypto projects on the blockchain. Having already raised nearly $5 million so far in presale, experts believe the PLX token is towing the path of potential blue-chip crypto ahead of the project’s launch in less than 70 days.
Meanwhile, the PLX token is the governance token of the Pullix platform. The platform is a never-seen-before, Trade-to-Earn exchange with a hybrid model that aims to combine the best features of DeFi and CeFi exchanges to create the ultimate crypto exchange with an immersive trading experience. As a trade-to-earn exchange, the Pullix platform rewards token holders with a percentage of the platform revenue through its profit-sharing model. Also, the Pullix platform allows investors to trade multiple popular cryptocurrencies such as Bitcoin, Ethereum, BNB, etc.
Meanwhile, with the recent listing of the PLX token on CoinGecko, the Pullix project has gained a lot of traction in the market, making it one of the best cryptos to invest in now. At the price of only $0.10, investors still have the opportunity to buy the PLX token days before launch.
The PLX token is expected to rise in value due to the token burn feature, where a percentage of the PLX token is burned, thereby increasing scarcity and, by extension, the value of the token. The platform also gives a 10% bonus to those who purchase the token at the ongoing presale. The relatively cheap price point and sky-high potential make buying the PLX token a good addition to investors’ portfolios.
For more information regarding Pullix’s presale see links below: