Despite the excitement generated by the approval of the bitcoin ETF, the fallout has sent bitcoin (btc) and many altcoins into a tailspin. However, Solana (SOL) is defying all odds with the memecoins platform achieving impressive rallies despite the negative trends of the overall crypto market.
Meanwhile, Pullix (PLX) has sold over 75 million tokens in the ongoing sixth pre-sale stage with over $4 million raised. With its hybrid model, Pullix will soon launch its platform that investors are eyeing right now.
Pullix (PLX) has raised more than $4 million in pre-sales
With bitcoin and Solana posting contrasting performances, the Pullix pre-sale has been a huge success with over $4 million in PLX tokens sold so far. Of many exchanges, Pullix will be the first to address the liquidity and transparency issues that have long plagued crypto exchanges.
As investors are losing confidence in stock markets as a result of unsafe investments, Pullix will step in to create a hybrid approach where liquidity and increased security will be the primary objectives. With Pullix, investors have the key to their assets without any interference from third parties. This will pave the way for independent trading, strong security mechanisms and restoration of confidence among investors.
By incentivizing users to provide liquidity, Pullix will be able to offer better liquidity than many platforms, which will attract more fans and increase demand for Pullix utility tokens. With a number of trading features such as perpetual futures, contracts for differences (CFDs), lending protocol and nft launchpad, investors will be able to make the best investment decisions that lead to profits.
The platform's native PLX utility token, an ERC20 token, is on sale for $0.08. PLX token holders will earn a percentage of the daily revenue streams on the platform. Holders can also provide liquidity to automated market makers for fixed passive income. Pullix also offers liquid, slippage-free trading opportunities for investors who like quick trading adventures.
The token's liquidity will be locked for 2 years when it launches on Uniswap. The smart contract has been audited by InterFi Network, while the BlockAudit team has verified the KYC.
bitcoin (btc) Price Drop Signals Warning to Investors
The price has been falling since the success of the bitcoin spot ETF. It has retreated, falling below $40,000 from almost $50,000. Trading volume also fell in the same period.
In a tweet on Schiff also said that the SEC could later impose more rigorous regulations associated with AML policies that could undermine the use case for btc. All of this could result in the price of bitcoin falling.
Solana (SOL) memecoins set market slowdown
In what appears to have been a short-lived high, Solana meme coins are seeing major price pullbacks.
Some of the most popular meme coins on the web, such as DogWifHat (WIF) and Myro (MYRO), have seen notable negative momentum in recent days.
After appearing on exchanges, DogWifHat witnessed an increase to $0.45 and then a massive crash. Myro also increased to $0.2, which is a 750% increase in one month. While it is early days, the current momentum shown by these Solana meme coins has investors looking for more stable alternatives.
For more information on Pullix pre-sale, check out the links below:
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