Bitcoin has been a top figure in the crypto space since its inception. However, new underdogs have emerged, showing bullish price movements. This has caught the attention of Bitcoin bulls looking to add altcoins to their portfolio.
One altcoin on their menu is the DeFi token, PLX, the native token of the Pullix exchange.
Are Bitcoin (BTC) Bulls Tired of Waiting?
Since the crypto community is gearing up for a possible announcement of a Spot Bitcoin ETF, the BTC price has been in stall-mode. Since reaching around $ 44,700 in early December, the price of Bitcoin has been floating roughly about $40k-$44k.
However, there is an optimistic mood among Bitcoin investors. Crypto analyst Michael Van de Poppehas a word of reassurance. He believes the possibility of the Bitcoin price falling back to $ 30k is very small. He also notes crucially that Bitcoin should keep its place above 39K.
If it stays above this crucial threshold, Van de Poppe anticipates a potential rally to the $48.5-50.5K range before the next halving event. Adding to this optimistic outlook, Crypto Rover, a crypto enthusiast, recently tweeted, “In 23 days, we will reach the final deadline for Ark Invest’s Bitcoin Spot ETF proposal.”
Crypto Rover argued that it would be inconsistent for the SEC to reject Ark’s ETF while approving one from BlackRock. This perspective fuels his bullish stance that the launch of a Bitcoin ETF is on the way. While the crypto community is waiting, Bitcoin bulls are looking for the best cryptos to invest in.
Pullix (PLX): An Altcoin to Watch
As Bitcoin bulls await the forecasted rally in Bitcoin’s price, their attention has turned toward altcoins. Among these, one token garnering a lot of interest is PLX, the utility token of the Pullix platform. What makes this token different?
Pullix is not just another name in the ever-expanding crypto-verse; it is a hybrid exchange. It provides the advantages of both Centralized Exchanges (CEX) and Decentralized Exchanges (DEX), all on one single platform. So, what does this mean for users?
With Pullix comes high liquidity. It will supposedly be easy to buy and sell, and fees will be low, so trading will be accessible to everyone. Spreads won’t be wide by industry standards, so you don’t waste money on your trades. Not only is Pullix promising to change the game, but it’s also going to tear up all conventional rules of trading. And its DeFi token PLX is changing the way people look at cryptocurrencies themselves.
Holders of the PLX coins can participate in the platform’s success by providing liquidity to the exchange. The more PLX tokens you have, the greater your portion of that day’s revenue from Pullix. Through contributing and assisting in building up the exchange’s liquidity, users earn interest rates.
Owning PLX tokens also has other advantages as well. Unique assets such as NFTs and staking rewards are handed to holders. Another innovative feature of Pullix is liquidity support.
And here is the interesting part: these rates are algorithmically determined, meaning fair and equal earning opportunities.
While Bitcoin ETF launch is still on the way, some have turned to altcoins like Pullix’s PLX. Its numerous features make it crypto to watch.
For more information regarding Pullix’s presale, see links below:
Visit Pullix Presale
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The post Bitcoin (BTC) Bulls Look to Diversify: Why Pullix (PLX) Gains Favor as the Next Altcoin to Watch appeared first on CryptoPotato.
