- IoTeX’s IOTX token is up 163%, pushed by an on-chain metrics surge.
- Pullix’s ongoing presale raises $1.4M; platform introduces modern “Trade-to-Earn” mannequin.
- Solana hits a 19-month peak above $102, surpassing XRP in market cap rating.
While IoTeX, Bitcoin, and Solana witnessed appreciable beneficial properties prior to now few weeks, a new hybrid DeFi exchange Pullix is making waves with its PLX token presale.
Read alongside as we discover the latest market actions as we head into 2024 and the promising options of Pullix, at present in its presale stage.
IoTeX: bridging bodily and digital realms
IoTeX (IOTX), the native token of the IoTeX community, a decentralized platform facilitating machine-to-machine interactions, has skilled a exceptional surge. The token has gained 109.27% within the final month to commerce at $0.05255 on the time of writing. It is buying and selling 162.93% greater over the previous yr, making it among the many only a few cryptocurrencies to maintain a bullish pattern.
IOTX worth chart
Recent on-chain metrics reveal a surge of over 90% in IoTeX’s native token, IOTX, inside the previous week. A notable catalyst for this breakout is the platform’s elevated exercise and adoption, exemplified by processing over 1 million transactions in a single day on December nineteenth.
IoTeX’s modern {hardware} integration in safety and oracle sectors, together with merchandise like Ucam house safety cameras and Pebble knowledge oracles, is capturing the eye of buyers.
Bitcoin hits $44K
Bitcoin (BTC), the pioneering cryptocurrency, hit a every day excessive of $44,075.15 for the primary time in over a yr.
Bitcoin worth chart
While the asset skilled some retracement, the general trajectory stays optimistic buoyed by the excessive anticipations of a spot Bitcoin ETF approval by January 10 and the upcoming Bitcoin halving occasion.
“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 earlier than January 10.” pic.twitter.com/Tu7uSHiPcV
— Squawk Box (@SquawkCNBC) December 19, 2023
In a review of 2023, Kaiko Research acknowledged 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 solely to semiconductor large Nvidia.
Solana’s hovering success
Solana, a high-performance blockchain platform, has outshone different larger-cap altcoins, reaching a 19-month peak above $102. The SOL token price has surged by 765.76% prior to now yr becoming a member of the likes of IoTeX for a constant bullish surge all year long.
Solana worth chart
This surge has propelled SOL to surpass XRP as the fifth-largest cryptocurrency. Other notable gainers out there embrace Avalanche (AVAX) and Polkadot (DOT), each experiencing important worth will increase.
Pullix: redefining crypto buying and selling with a hybrid method
While the bigger crypto market surges in the direction of 2024, Pullix, is ready to redefine crypto buying and selling with its modern hybrid exchange. Combining the strengths of centralized and decentralized exchanges, Pullix introduces a unique “Trade-to-Earn” idea by means of its native token $PLX.
The PLX token presale has seen substantial curiosity, elevating $1,387,783 with 85.4% of tokens already bought.
Investors holding PLX tokens take pleasure in varied advantages, together with passive earnings by means of staking, buying and selling price reductions of as much as 60%, and unique rewards derived from the platform’s every day income.
Should you spend money on Pullix? Evaluating the prospects
As Pullix beneficial properties momentum in its presale, buyers might wonder if it’s a worthwhile addition to their portfolios. Maybe the platform’s dedication to transparency, a crypto deposit-only system, and no KYC necessities may very well be a consideration when occupied with whether or not or to not spend money on it.
In addition, staking PLX provides a probability for customers to earn passive earnings, and the modern buy-back and burn mechanism creates shortage, doubtlessly driving up token worth.
However, as with any funding, buyers should conduct thorough analysis, contemplating the dangers and rewards concerned particularly with the extremely risky cryptocurrency market.
