Pullix nears highly anticipated launch as crypto eyes $2T cap
- Pullix (PLX) is set to launch its hybrid exchange platform in April.
- PLX presale has raised over $5.3 million as token's value increases to $0.1, with $0.14 next.
- Crypto market cap could surpass $2 trillion soon as Bitcoin price aims for $50k.
With Bitcoin price surging to above $48k this weekend, the total crypto market cap rose to $1.9 trillion. Altcoin prices also jumped, with Ethereum reaching above $2,500 and Solana, Cardano and Dogecoin climbing above key levels. Across the market, Pullix (PLX) surged past $5.3 million, solidifying its outlook ahead of a highly anticipated launch.
Bitcoin sees 13% gains as crypto cap nears $2 trillionCopy link to section
As Bitcoin price looks to consolidate above the $48k level, bulls are zooming in on the $50K mark. The flagship cryptocurrency is enjoying its best few days since the declines post spot Bitcoin ETFs approval in January.
Data shows Bitcoin ETF inflows continue to rise, with the total BTC holdings by nine ETF issuers (BlackRock, Fidelity and others) surpassing 210,000 last week. That’s more than the 190,000 BTC Michael Saylor’s MicroStrategy currently holds.
The unfolding momentum comes as Grayscale’s GBTC outflows thin out and as the upcoming Bitcoin halving draws closer. According to details from CoinGecko, total crypto market cap reached $1.9 trillion as BTC price surged amid a 13% increase this past week.
The crypto market cap peaked at $3 trillion in November 2021 as BTC price reached its all-time high above $69k. With a slew of economic data out this week, a positive flip for the crypto market could push the sector beyond the $2 trillion mark. Analysts are also upbeat about BTC price going into the halving, which is expected in April this year.
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Pullix (PLX) near launch as presale gears for final stageCopy link to section
A few cryptocurrency presale projects have captured the interest of the entire crypto market as Pullix (PLX) has. Currently in its penultimate stage, the token sale has attracted over $5.3 million from early adopters.
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In this time, the price of the native token PLX has surged from $0.04 to $0.1. The next stage will see PLX price increase to $0.14, with this the last stage before Pullix launches and opens up a new era for traders.
If you are new here, then a brief overview of Pullix (PLX) is that this is a new hybrid crypto trading exchange. It offers a hybrid infrastructure model that combines the best of centralized (CEX) and decentralized (DEX) exchanges into one unified platform.
With Pullix, traders will get access to a platform that brings a lasting solution to the problem of liquidity, especially for the DeFi sector.
An incentive program via the “Trade-to-Earn” feature etched into the platform’s operations ensures users see value for providing liquidity. Apart from self-custodial trading, other attractive features include a unique revenue-sharing model that offers daily rewards, yield farming and staking.
Why is Pullix a good buy today?Copy link to section
Pullix is one of the few hybrid exchange projects that could redefine the broader trading environment. This is because on Pullix, users will not only get a chance to trade any of the thousands of cryptocurrencies, but also available will be stocks, CFDs, commodities, ETFs and forex.
The opportunities available via this new hybrid exchange means its presale could be one of the best crypto to buy today. Once it launches early in the second quarter of 2024, with BTC halving happening in April, PLX price may be unstoppable.
Notably, as stage 7 sells out, investors can take advantage of the 25% bonus currently on offer to bolster their PLX positions ahead of the highly anticipated launch.
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