The crypto market experienced a major sell-off lately. This sell-off affected heavyweights like Bitcoin, Ethereum, and Solana. On the other hand, a promising new coin is in the green region despite the bearish market. That new DeFi token is Pullix, a presale token that is forecasted to rise 100x upon launch.
Bitcoin (BTC) Price Stalls After Recent Losses
Bitcoin (BTC), the flagship cryptocurrency, suffered a major setback after the market witnessed a huge liquidation of $300m. While the Bitcoin price dropped, it remained above the crucial $40k support.
BTC would have to rise to hit the resistance at $44k to continue its price rally. However, that is unlikely considering the latest fed meeting.
According to CoinMarketCap, the Bitcoin price fluctuated between its 7-day high and low of $40,720.05 and $44,385.98, respectively. The token is down 5.1% on the weekly timeframe while up 13.8% on the monthly chart.
Ethereum (ETH) in a Bearish Wave, Says Analyst
Ethereum (ETH) was another token that had suffered a sharp decline during the crypto market sell-off. During this downtrend, the Ethereum price fell from $2,350 to $2,150. Sadly, while Bitcoin has recovered, ETH has continued to fall.
AlanSantana, a cryptocurrency trader and expert, has commented on the drop. The analyst indicated that the bearish wave was just beginning, but it was already taking place.” If the bearish trend continues, the Ethereum price might fall below $2,000.
Solana (SOL) Price Plunges As It Falls Below $70
The Ethereum killer, Solana (SOL), and one of the top-performing tokens of 2023, was not left out of the blood bath. The token fell from the $70 region but remained above the $65 mark. Unlike Bitcoin and Ethereum, the Solana coin is still green on the weekly chart, although its gains have dropped.
The Solana price has been trading in the $62.23-$77.32 range. The Solana price could drop to the $60 support if the market condition worsens. In the case of a rebound, the altcoin could rise again to the $70 level.
Pullix (PLX), The Best Cryptocurrency To Buy Now
Pullix (PLX) has introduced a new approach to trading exchanges, going beyond the ordinary. Unlike typical exchange platforms, Pullix combines the strengths of both CEX and DEX. This would ensure deep liquidity, enhanced security, and zero commissions with tight spreads.
Pullix, unlike platforms such as Binance, allows for the trade of many futures, including cryptocurrency. While the exchange is the major focus, Pullix’s large ecosystem includes a variety of features:
● Copy Trading: This feature enables users to replicate successful traders’ strategies through AI-backed algorithms.
● Lending Protocol: Introducing money markets designed for lending and borrowing, creating new opportunities.
● VaultX: A decentralized, multichain yield optimizer for compounding interest on crypto assets.
All of these features are powered by the $PLX native token, which is now in Stage 1 of its presale for $0.042. Holding $PLX entitles you to a portion of the platform’s daily revenue as well as trading fee savings. With a high demand, experts predict a 580% rise before the presale concludes. They also expect another 100x growth post-exchange listing, making it the best cryptocurrency investment.
Final Thoughts
Unlike Bitcoin, Ethereum, and Solana, the DeFi token, PLX, has seen huge gains. The token is currently close to its launch in January and is available for sale at $0.042. Those who key into the project now would see 100x gains after launch with access to other features.
For more information regarding Pullix’s presale see links below:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
