- IoTeX’s IOTX token rose 163% due to surging on-chain metrics.
- Pullix’s ongoing presale has raised $1.4 million. The platform introduces an innovative “Trade-to-Earn” model.
- Solana surpassed XRP in the market capitalization rankings, hitting a 19-month high above $102.
While IoTeX, Bitcoin, and Solana have seen significant gains over the past few weeks, new hybrid DeFi exchange Pullix is making waves with its PLX token presale.
Read along as we explore the latest market trends heading into 2024 and the promising features of Pullix, currently in pre-sale phase.
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 notable surge. The token has risen 109.27% in the past month and is trading at $0.05255 at the time of writing. It has traded 162.93% higher over the past year, making it one of the very few cryptocurrencies to maintain a bullish trend.
Recent on-chain metrics show that IoTeX’s native token, IOTX, has surged by more than 90% in the past week. A notable catalyst for this breakthrough is the increased activity and adoption of the platform, with over 1 million transactions processed in one day on December 19th.
IoTeX’s innovative hardware integrations into the security and oracle segment, including products such as Ucam home security cameras and Pebble data oracles, are attracting the attention of investors.
Bitcoin reaches $44,000.
Bitcoin (BTC), the pioneering cryptocurrency, hit a daily high of $44,075.15 for the first time in over a year.
Although the asset has experienced some retracements, the overall trajectory remains positive due to the approval of a Bitcoin spot ETF by January 10th and high expectations for the upcoming Bitcoin halving event.
“The Fed pivot is really important. The press conference was as dovish as everyone expected and the markets are behaving that way.” @Novogratz. “#Cryptocurrency love it “We plan to get this ETF before January 10th.” pic.twitter.com/Tu7uSHiPcV
— Squawk Box (@SquawkCNBC) December 19, 2023
“Bitcoin will end the year as one of the best-performing assets, up more than 160% and outperforming all major traditional assets even in risk-adjusted terms,” Kaiko Research said in its 2023 review. This is second only to semiconductors. Huge Nvidia.
Solana’s incredible success
Solana, a high-performance blockchain platform, has surpassed a 19-month high of $102, outperforming other large altcoins. The SOL token price has surged 765.76% in the past year, joining IoTeX in continued strength throughout the year.
This surge allowed SOL to surpass 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.
Pullix: Redefining cryptocurrency trading with a hybrid approach
While the larger cryptocurrency market surges into 2024, Pullix is set to redefine cryptocurrency trading through its innovative hybrid exchange. Combining the advantages of centralized and decentralized exchanges, Pullix introduces a unique “Trade-to-Earn” concept through its native token, $PLX.
The PLX token presale saw significant interest, raising $1,387,783 with 85.4% of tokens already sold.
Investors who hold PLX tokens can enjoy a variety of benefits, including passive income through staking, trading fee discounts of up to 60%, and exclusive rewards derived from platform daily earnings.
Should you invest in Pullix? Lead Assessment
As Pullix gains momentum through presales, investors may be wondering if it’s worth adding to their portfolios. Perhaps the platform’s promise of transparency, a dedicated system for cryptocurrency deposits, and no KYC requirements may be considerations when considering whether to invest.
Additionally, PLX staking provides users with the opportunity to earn passive income, while innovative buyback and burn mechanisms can create scarcity, potentially increasing token value.
However, as with all investments, investors should conduct thorough research, especially considering the risks and rewards associated with the volatile cryptocurrency markets.