Binance (BNB) and Kucoin (KCS) are some of the top crypto tokens in the market, with millions of token holders. They have grown over the years and have maintained their reputation in the crypto industry. However, things are about to change as Pullix (PLX), an emerging token, is poised to topple them in the market. The Pullix trading platform is now live and has offered users incentives. With the surging momentum of the exchange, top experts have picked PLX as one of the best cryptos to invest in the year.
Pullix (PLX) Launches a Hybrid Trading Platform With a 25% Welcome Bonus for All Investors
Even though Binance (BNB) and Kucoin (KCS) are among the top cryptos in the market, traders are shifting focus to the Pullix project. The Pullix hybrid trading exchange will solve the major issues encountered in DeFi and CeFi exchanges like Binance and Kucoin. The Pullix exchange will offer high liquidity, ensuring faster transaction processing. The platform will also offer low transaction fees.
As a non-custodial exchange, users have full control over their assets. The platform has excellent features like the token burn feature, which ensures that a certain percentage of tokens in circulation are burned to stabilize the PLX price. Also, the profit-sharing model ensures that token holders get a percentage of the platform’s daily revenue. Also, there’s an exclusive 25% welcome bonus to new registered members on the platform.
The Pullix trading exchange beta version is live. Users can engage in forex trading, indices, and commodities. The team has announced that the Mobile App will be available in the Play Store and Apple Store in the upcoming weeks. So far, the token has been listed in Uniswap, Bitmart, XT.COM, and MEXC exchanges. Plans are in place to list the token in other popular exchanges soon.
Meanwhile, the PLX token has also been listed on two major crypto data aggregator websites, CoinMarketCap and CoinGecko. Having started the airdropping of tokens to presale buyers, nearly 25% of the PLX presale tokens have been staked. Some analysts have projected a 100x rally in the coming months, making PLX one of the best cryptos to invest in the year.
Binance (BNB) Price Has Declined 6% in the Past Week as Investors Consider Options
The Binance (BNB) coin price has plummeted in the last 7 days despite showing bullish tendencies in the past month. According to data from CoinMarketCap, the Binance Coin price fell by 6% in the past week as the market continues to witness a downtrend.
Also, the Binance Coin key market indicators such as the trading volume and market cap are on a downtrend and that has led to ripples among token holders. With the various issues faced by the parent exchange, the BNB price might find it hard replicating the 2021 bull run that saw the price hit $690. As such, the new trading exchange Pullix is dubbed to be an alternative in the year.
Kucoin’s (KCS) Value Dropped by 21% in the Past Month
The KuCoin token has been battling the bear market since it hit the $15 mark in March. While analysts were projecting a surge to the $20 resistance zone, the coin plummeted thereafter. Based on CoinMarktCap stats, the KuCoin price declined by 20% in the past month and 11% in the past week.
Zooming in, the KuCoin token is also struggling to stay at the $10 support zone. Some analysts believe that a further drop could push the token deeper into the bear market. Meanwhile, the KuCoin trading volume and market cap are on a downtrend. The decreasing market activity shows that investors are migrating to alternatives like Pullix which analysts have projected 100x growth in the year.