Recently, the renowned crypto analyst Ali Martinez made waves with a surprising bearish prediction for Bitcoin (BTC). This prediction has made many BTC holders look at a new ICO named Pullix currently in Stage 6 of its presale. Numerous analysts have hinted that this rookie could become the next 100x token in 2024.
Ali Martinez: The Bitcoin Price May Drop Soon
According to a new Ali Martinez tweet, the Miners’ Position Index (MPI) for Bitcoin peaked at 9.43 on January 12. This signals that miners have executed more significant transactions of the Bitcoin cryptocurrency than regularly. This additional selling pressure from miners might trigger further downward pressure for this top 5 cryptocurrency.
In terms of the Bitcoin price movement, it has been fluctuating between the $45,000 and $42,200 levels in the past week. According to CoinMarketCap data, its market cap has moved from $882B to $828B in that same time.
However, the technical analysis of this DeFi coin paints a different picture, as it trades above its 100 and 200-day EMAs. Its Fear & Greed index rating shows a 61 (Greed) – a good sign for Bitcoin. Because of this, numerous other market analysts remain confident as they forecast a surge to $60,498 by the end of 2024.
Pullix (PLX): One of the Best Cryptos To Buy
While Bitcoin may see further growth before the year ends, it is clear that its short-term outlook looks bearish. This has made countless individuals look at other alternatives, and Pullix (PLX) fits that description. It is an innovative new ICO in Stage 6 that has gained mass appeal. Pullix has raised $3.6M so far while selling nearly 70Million PLX tokens.
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— Pullix (@Pullixmarkets) January 12, 2024
Global investors are showing great interest in this game-changer. Pullix aims to solve all issues that affect the online trading sector by combining the best aspects of CEX and DEX into one exchange. With this hybrid approach, traders worldwide experience deep liquidity, access to all asset classes (including cryptos) on one account, and high leverage at 1000:1.
While this exchange is the main attraction among traders, the Pullix team will also introduce other features in its ecosystem, such as:
- Lending Protocol: A lending protocol that implements money markets to let you lend and borrow.
- Yield Farming: A feature allowing you to stake LP tokens to obtain PLX native tokens as rewards.
The PLX native token is the driving force behind all these features. PLX is unique because it is the first “Trade-to-earn” crypto. In other words, if you stake this token, you will receive a percentage of Pullix’s daily revenue. Additionally, Pullix will implement a burn feature, drastically reducing supply and increasing the PLX value.
One PLX is worth only $0.08 – a 100% increase from its starting price. Its long-term growth potential is excellent since it has ties to the Forex market, which sees a daily volume of $6.6T. Market analysts predict a 100x surge once a Tier-1 CEX lists PLX in Q1 of 2024. If you want trading fee discounts and exclusive asset access, buy this altcoin now.
Can Pullix Outpace Bitcoin?
When comparing Pullix and Bitcoin, it is clear that Pullix has one distinctive advantage – its low market cap. It currently boasts a market cap of just $16Million. This means PLX will surge much faster than most other cryptos due to it requiring fewer new funds to see a significant price increase. For this reason, numerous BTC holders are rushing to the PLX ICO believing that the TradFi natives currency has the ability to 40x upon launch.
For more information regarding Pullix’s presale see links below:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: null tx
Source: thinkbitcoins