BTC and ETH see a drop; The rise of the Pullix platform offers new opportunities

As bitcoin and ethereum face significant declines, falling below key price thresholds, the new Pullix platform emerges as a leading option for investors seeking growth opportunities, with a hybrid trading approach with a promising outlook.

bitcoin (btc) took a hit to its value over the past week, bringing it back below the $70,000 range and as a result, many are concerned that it could see even further declines. ethereum (eth) followed a similar pattern where it fell to the $3,500 support after a 12% price drop.

However, those who want to buy the dip and take advantage of this opportunity can do so on the new Pullix (PLX) platform, which uses a hybrid approach and has a rich set of features that could cause its price to skyrocket.

bitcoin moves below $70,000 again

bitcoin has shown worrying performance on the charts. Specifically, the bitcoin” target=”_blank” rel=”noopener”>bitcoin USD Price is down 9%, where it fell to $66,784.

For reference, over the past week, bitcoin's value has moved between $61,494.44 on the low end and $72,966.18 on the high end, making it one of the fastest growing cryptocurrencies of the year. This setback has left many merchants worried about their future; However, according to bitcoin price prediction, there is potential for recovery as it may rise to $103,335 by the end of Q4 2024.

ethereum falls 12%

ethereum has also seen a downward price trend on the charts, where it is down 12% on the weekly chart and 7% on the two-week chart. Specifically, the ethereum” target=”_blank” rel=”noopener”>ethereum price It moved between $3,107.01 and a high of $3,969.30 during the week.

Just when everyone expected it to surpass $4,000, the ethereum cryptocurrency underwent a price correction phase and is now trading at $3,531. However, there is still hope for the cryptocurrency to grow in the future as according to the ethereum price prediction, it may end 2024 at $5,297.

Pullix prepares to lead with a hybrid approach

Pullix is a hybrid exchange platform that recently completed its crypto ICO period and saw an official launch on March 21, 2024. The platform takes the best elements of CEX and DEX and combines them into a simplified platform with no KYC requirements, where anyone can use them to make the most of the market.

Users can trade cryptocurrencies such as btc and eth, and there is a dedicated revenue sharing model, where PLX participants can get a share of the daily revenue generated. There is also a token burning system where the supply will decrease over time, increasing the scarcity and value of the cryptocurrency.

This platform also introduces Trade-to-Earn elements, where anyone can make the most of their crypto balance. While the crypto is already listed on BitMart,

Within the first three business days after its launch, users can create a demo account and explore the various features available, and even test their trading strategies. After this period, live trading and deposits will also be enabled. The platform is expected to become a major force in the $40 trillion OTC derivatives market, with analysts projecting a 5,000% price rise upon launch.

Conclusion

It is clear that bitcoin and ethereum experienced a price drop, but they could soon be on the road to recovery. Meanwhile, PLX grew in value by 300% as it had a trading price of $0.168 and is now trading at $0.6734. With a solid return on investment so far for early investors, enthusiasm for its future is huge and it is considered one of the best cryptocurrencies to invest in, and this could lead to much more significant gains.

Learn more, visit the Pullix website, twitter.com/pullixmarkets” target=”_blank” rel=”noopener”>Join the Pullix Communitieseither buy through Bitmart.

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