IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange
- IoTeX’s IOTX token is up 163%, driven by an on-chain metrics surge.
- Pullix’s ongoing presale raises $1.4M; platform introduces innovative “Trade-to-Earn” model.
- Solana hits a 19-month peak above $102, surpassing XRP in market cap ranking.
While IoTeX, Bitcoin, and Solana witnessed considerable gains in the past few weeks, a new hybrid DeFi exchange Pullix is making waves with its PLX token presale.
Read along as we explore the recent market movements as we head into 2024 and the promising features of Pullix, currently in its presale stage.
IoTeX: bridging physical and digital realms
IoTeX (IOTX), the native token of the IoTeX network, a decentralized platform facilitating machine-to-machine interactions, has experienced a remarkable surge. The token has gained 109.27% in the last month to trade at $0.05255 at the time of writing. It is trading 162.93% higher over the past year, making it among the very few cryptocurrencies to sustain a bullish trend.
IOTX price chart
Recent on-chain metrics reveal a surge of over 90% in IoTeX’s native token, IOTX, within the past week. A notable catalyst for this breakout is the platform’s increased activity and adoption, exemplified by processing over 1 million transactions in a single day on December 19th.
IoTeX’s innovative hardware integration in security and oracle sectors, including products like Ucam home security cameras and Pebble data oracles, is capturing the attention of investors.
Bitcoin hits $44K
Bitcoin (BTC), the pioneering cryptocurrency, hit a daily high of $44,075.15 for the first time in over a year.
Bitcoin price chart
While the asset experienced some retracement, the overall trajectory remains positive buoyed by the high anticipations of a spot Bitcoin ETF approval by January 10 and the upcoming Bitcoin halving event.
“The Fed’s pivot is really important. That press conference was as dovish as anybody expected and the markets are behaving that way,” says @Novogratz. “#Crypto likes it. We are going to get this ETF before January 10.” pic.twitter.com/Tu7uSHiPcV
— Squawk Box (@SquawkCNBC) December 19, 2023
In a review of 2023, Kaiko Research stated that “Bitcoin is set to close the year as one of the best-performing assets, up more than 160% and outperforming all major traditional assets even in risk-adjusted terms,” second only to semiconductor giant Nvidia.
Solana’s soaring success
Solana, a high-performance blockchain platform, has outshone other larger-cap altcoins, reaching a 19-month peak above $102. The SOL token price has surged by 765.76% in the past year joining the likes of IoTeX for a consistent bullish surge throughout the year.
Solana price chart
This surge has propelled SOL to surpass XRP as the fifth-largest cryptocurrency. Other notable gainers in the market include Avalanche (AVAX) and Polkadot (DOT), both experiencing significant price increases.
Pullix: redefining crypto trading with a hybrid approach
While the larger crypto market surges towards 2024, Pullix, is set to redefine crypto trading with its innovative hybrid exchange. Combining the strengths of centralized and decentralized exchanges, Pullix introduces a unique “Trade-to-Earn” concept through its native token $PLX.
The PLX token presale has seen substantial interest, raising $1,387,783 with 85.4% of tokens already sold.
Investors holding PLX tokens enjoy various benefits, including passive income through staking, trading fee discounts of up to 60%, and exclusive rewards derived from the platform’s daily revenue.
Should you invest in Pullix? Evaluating the prospects
As Pullix gains momentum in its presale, investors may wonder whether it’s a worthwhile addition to their portfolios. Maybe the platform’s commitment to transparency, a crypto deposit-only system, and no KYC requirements could be a consideration when thinking about whether or not to invest in it.
In addition, staking PLX offers a chance for users to earn passive income, and the innovative buy-back and burn mechanism creates scarcity, potentially driving up token value.
However, as with any investment, investors must conduct thorough research, considering the risks and rewards involved especially with the highly volatile cryptocurrency market.
