As we draw closer to the end of the first quarter of the year, the frenzy around Solana (SOL) meme coins is gradually fading. As such, smart money investors are re-focusing their attention towards top DeFi coins like Avalanche (AVAX), Cardano (ADA) and Pullix (PLX). This shift in investor sentiment, however, coincides with the anticipation of a significant rotation in the cryptocurrency market landscape. Avalanche and Cardano tokens have particularly embarked on a bullish journey, signaling a strong recovery from previous downturns. Meanwhile, the hybrid platform Pullix (PLX) has officially gone live after a successful presale and listing on major exchanges. Among other things, Pullix entry in the crypto market adds a fresh dimension especially to the DeFi market.
Traders are Enticed About Pullix’s (PLX) No KYC Policy As The Platform Goes Live Today
After completing its ICO phase where Pullix (PLX) sold out eight presale stages including a bonus round and raised nearly $10 million, the hybrid (CEX and DEX combined) platform is planning to list on another major exchange platform called MEXC on the 2nd of April. This new listing comes on the back of its already established listing on Uniswap, CoinGecko, BitMart, XT.com and CoinMarketCap. It will also count as its third major CEX listing in less than one month after its launch in the DeFi market.
Today, March 21st, the new Pullix website has gone live as it features its cutting-edge trading platform and users are even more excited as the platform nullifies the need for KYC requirements. Additionally, During the first three business days, users will have the opportunity to explore the platform’s features with a demo account before live trading and deposits become available.
However, there are important changes regarding the presale token claim process. Due to challenges in optimizing gas fees for the airdrop, a new claiming function has been integrated into the Staking DApp. This means that presale buyers will need to connect their DeFi wallets to claim their tokens, with gas fees required for the transaction.
Pullix also advises users to use DeFi wallets like Metamask, Trust Wallet, or Uniswap Wallet to ensure security of their DeFi coins. Additionally, the team is accepting wallet change requests until March 26th, 2024; hence, Pullix users are encouraged to update their wallet information soon enough, so they can claim tokens successfully. In lieu of these developments, many investors are beginning to flock to Pullix as it reflects signs of further monumental growth this year.
Avalanche (AVAX) Grows To Another Peak Despite Frequent Battle With Fluctuations
Since the start of the year, Avalanche has been on a pretty impressive price trajectory considering the fact that it almost mirrored its peak price of $47.72 late last year by pricing up to $42. However, several volatile waves have distributed the growth of Avalanche. After reaching the $42 price mark, Avalanche started fluctuating between high and low levels.
Currently holding within a weekly price range of $50.96 and $63.85, Avalanche token has impressively risen again in the past few weeks despite fluctuations. Specifically, Avalanche has risen by 41.48% in the past month despite a 4.41% weekly drop.
Cardano (ADA) Takes Up a Bullish Momentum in 2024, Leaving Last Year’s Losses
Cardano coin represents one of the best performing coins this year considering the token mostly traded in a neutral/bearish market throughout 2023. Having risen by nearly 50% a few days back, Cardano is poised to make a rebound from its current 21.10% weekly loss.
While it currently holds in a weekly price range of $0.5804 and $0.7955, the native Cardano token is poised to revisit its resistance area of $0.8011 like it did last week and potentially surpass the $1 price target before the end of this year’s Q1. Ultimately Cardano will eventually surpass its 8.22% monthly incline as it rides this year’s bull market .
