Since its inception, Bitcoin has experienced significant growth. The recent approval of a Spot ETF caused Bitcoin prices to skyrocket. BTC, although it reached as high as $49,000 on January 11th, has been trading at around $42,000.
On the other hand, competitors with optimistic market trends like Pullix have surfaced, stealing the attention of Bitcoin whales who want to diversify their holdings. This category of investors is showing interest in Pullix despite the predictions that Bitcoin will hit $200,000 before halving. Currently, Pullix presale is creating a stir, raising over $3.8M in its ongoing presale.
Impact of Market Volatility on Bitcoin (BTC): A Closer Look
Even with a volatile price history, Bitcoin (BTC) has distinguished itself from other cryptocurrencies. Notably, BTC price gained more than 140% last year, and it recently hit a yearly high slightly above $49,000. Interestingly, the price surge was mostly due to the enthusiasm surrounding the now-approved spot Bitcoin ETF.
While the new development has increased institutional investors’ interest in Bitcoin, subsequently driving up its value, analysts forecast the market’s future direction that it may reach $200,000 before the next halving scheduled for sometime in April.
In contrast to market hype, Bitcoin is currently trading in the ranges of $41,000 and $42,000 after recently sliding from a high of $49,000 on January 11. Although there is no denying Bitcoin’s dominance in the market, investors often seek a diversified portfolio to reduce risk. To protect their investments, whales are looking for alternative cryptocurrencies like Pullix.
Pullix (PLX) Attracts Bitcoin Whales With Its Stage 6 Presale Success
Pullix (PLX), built on the Ethereum network, has been making waves in the crypto market with news of its presale climbing to stage 6. With a single mission to revolutionize the market by developing a hybrid trading platform that serves as a liquidity aggregator for exchanges, Pullix is positioning itself among the best crypto to buy.
To achieve this, Pullix is combining components of DEX and CEX to create a platform that delivers the best aspects of both worlds. This novel strategy will address several problems that beset the Internet trading industry.
For example, there are limitations to tradable assets on several cryptocurrency exchanges. Whereas, Pullix accommodates all asset classes besides cryptocurrency such as stocks, and natural resources like gold, among others.
Through improved order execution and the ability to replicate consistently profitable traders, users will trade and achieve profitable results. This platform is built around the PLX native token, which will also be the primary medium of transaction on the hybrid exchange.
The token features a first-of-its kind “Trade-to-Earn” concept, which has led several investors to hoard this coin. In context, Pullix will provide a portion of the exchange daily earnings to PLX stakers as compensation.
At Stage 6 of its presale, PLX is trading at $0.08. With the sale of more than 10 million tokens, Pullix has raised $3.8 million. Analysts predict a 100x increase at launch, driven by its extensive system and robust capabilities. This unique value proposition ranks Pullix among the top cryptocurrencies to invest in right now.
