IoTeX, Bitcoin and Solana are added as Pulix emerges as a unique hybrid DeFi exchange
IoTeX's IOTX token has surged by 163%, with an increase in chain metrics. Pulix's ongoing pre-sale is 1.4 million. The platform introduces an innovative “to do business” model. Solana hit a 19-month high above $102, surpassing XRP at the market high.
While IoTeX, Bitcoin and Solana have seen big gains in the past few weeks, new hybrid DeFi exchange Pulix is making waves with its PLX token presale.
Read on as we examine the latest market movements and Pulix's promising features now in the pre-sales phase as we head into 2024.
IoTeX: Connecting the Physical and Digital Realms
IoTeX (IOTX), the native token of the IoTeX network, a decentralized platform that facilitates machine-to-machine interaction, has seen a remarkable rise. The token has gained 109.27% in the past month to trade at $0.05255 at the time of writing. It is trading 162.93% higher over the past year, making it one of the few cryptocurrencies to sustain a bullish trend.
IOTX price chart
Recent on-chain metrics show a more than 90% increase in IOTX's native token IOTX over the past week. A reference to this upheaval is exemplified by the platform's activity and adoption on December 19, when it processed more than 1 million transactions in a single day.
IoTeX's innovative hardware integration is attracting investor attention in the security and telecom sectors, including products such as Ucam home security cameras and Pebble Data Oracle.
Bitcoin reached 44 thousand dollars
Bitcoin (BTC), the leading cryptocurrency, hit a daily high of $44,075.15 for the first time in over a year.
Bitcoin price chart
While the property has experienced some retracement, the approval of a Bitcoin ETF somewhere on January 10th remains positively encouraged by the high enthusiasm and the upcoming Bitcoin halving event.
@Novogratz “The Fed's pivot is very important. That press release was as benign as anyone expected and the markets are acting accordingly.” “#Crypto likes we're going to get this ETF before January 10th.” pic.twitter.com/Tu7uSHiPcV
— Squawk Box (@SquawkCNBC) December 19, 2023
In the year “Bitcoin is set to close the year as one of the best-performing assets, outperforming all major traditional assets by more than 160%, even on risk-adjusted terms,” said Caico Research in its 2023 review. Second only to Semiconductor. Huge Nvidia.
Solana's high achievement
Solana, the high-performing blockchain platform, outperformed other large-cap altcoins, hitting a 19-month high above $102. The SOL token price has increased by 765.76% in the past year, joining IoTeX for the biggest increase in the entire year.
Solana price chart
This increase pushed SOL to overtake XRP as the fifth largest cryptocurrency. Other notable gainers in the market include Avalanche (AVAX) and Polkadot (DOT), both of which are experiencing significant price increases.
Pulix: Redefining crypto trading with a hybrid approach
As the largest crypto market soars to 2024, Pulix is set to redefine crypto trading with its new hybrid exchange. By combining the strengths of centralized and decentralized exchanges, Pulix introduces a unique “trade-to-earn” concept through its generation token, $PLX.
The PLX token presale has seen high demand raising $1,387,783 with 85.4% of tokens presold.
Investors who own PLX tokens will enjoy a variety of benefits, including earnings per share, trade fee discounts of up to 60%, and exclusive rewards from the platform's daily earnings.
Should you invest in Pullix? Evaluate expectations
As Pulix gains momentum in its presale, investors may consider it a valuable addition to their portfolios. Perhaps the platform's transparency, deposit-only system for crypto, and no KYC requirements should be considered when deciding whether or not to invest in it.
In addition, PLX staking offers users the opportunity to earn passive income, and the innovative buyback and burning mechanism creates scarcity, which can increase the value of the token.
However, as with any investment, investors should do thorough research to consider the risks and rewards, especially in the highly volatile cryptocurrency market.
