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Investors are pivoting from Solana-based memecoins to more substantial projects like Pullix, a utility platform that merges the functionalities of centralized and decentralized exchanges.
In the crypto market, traders always look for their next big chance. Recently, there has been a noticeable shift from Solana (SOL) memecoins to Pullix (PLX), a utility project.
Solana price continues to rise
Recently, Solana has been showing bullish signs. According to CoinMarketCap data, the Solana price rose from $172 to $183 in the last week alone and its market cap grew from $76.54B to $81.32B.
The technical analysis for the Solana also paints a bullish picture. For instance, 26 technical indicators are flashing green for SOL. Additionally, Solana is trading above its 21 and 50-day EMAs. When making their Solana price predictions, experts in the crypto field note all these factors. Thus, they foresee SOL hitting $270 within Q2 of 2024.
Pullix platform launch excites traders worldwide
Pullix is making a name for itself in the defi market. This hybrid trading platform was recently launched, much to the excitement of global traders. Essentially, Pullix combines the best CEX and DEX features to enable users to trade all asset classes, including cryptocurrencies, gold, Forex, etc., in one platform.
This trading platform also boasts no-KYC checks which prioritizes user privacy and autonomy. With this feature, Pullix stands out from many top trading platforms like Binance or Coinbase, which is essential since global traders can operate in complete anonymity.
But what really makes Pullix stand out is its “Trade-to-Earn” revenue-sharing model. In other words, Pullix rewards PLX stakers with a portion of its daily platform earnings. The more trades there are, the more rewards there are for this defi coin’s stakers.
This defi token was recently listed on Uniswap, CoinGecko, BitMart and CoinMarketCap. These listings have increased the visibility and adoption of PLX. Pullix also recently listed on prominent Tier-1 CEX, MEXC. Therefore, experts predict a rise to $1 for PLX within Q2 of 2024 since it also taps into the $40T daily OTC markets.
Pullix prevails over other memecoins
Firstly, most memecoins rely on hype and speculation, which usually results in inconsistent value. However, utility coins like Pullix offer real utility. For example, this defi project makes online trading more accessible as it requires no KYC checks. People are attracted to coins that address problems, so Pullix could continue to grow.
Secondly, memecoins are known for being very volatile and have short-lived hype cycles. Utility coins like Pullix are much different. With their technology and intended uses, they’ll have more sustainable growth potential in the long run.
Finally, memecoins are constantly scrutinized by regulatory bodies since their team is mostly anonymous. Utility coins like Pullix are much more transparent and usually much more compliant with regulations. Due to all these reasons, many Solana memecoin buyers are turning to Pullix, which now costs $0.10.
To learn more, visit Pullix or join the Pullix communities.
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This article first appeared at crypto.news
