In the current decentralized finance (defi) market, Pullix (PLX) is outpacing established players like Aave (AAVE) and VeChain (VET).
In stage 6 of its presale, Pullix has already raised over $4 million and sold over 75 million PLX.
Aave: new GHO stablecoin integration proposal
Aave Protocol recently shared a governance proposal on its forum, which includes plans to integrate GHO stablecoin across different blockchains.
The aim is to improve GHO’s accessibility and liquidity while prioritizing security and stability.
Despite this news, the value of Aave crypto has not seen a significant increase, with fluctuations between $100 and $97.58 in the past month alone and a decrease in market cap from $1.48 to $1.43 billion.
The sentiment is bearish, with only 14 out of 30 trading days showing positive results.
Some analysts predict that Aave will peak at $102 in February 2024.
VeChain: introducing account abstraction
The VeChain community plans to release Account Abstraction.
This update will allow users to use smart contract wallets.
However, VET prices have fluctuated between $0.035 and $0.023 in the last 30 days. Moreover, its market cap has decreased from $2.58 to $2.06 billion.
Technical analysis indicates several bearish signals, with over 17 technical indicators pointing to sells.
Based on market analysts’ predictions, VeChain may trade at $0.028 before the end of February 2024
Pullix offers rewards
Pullix introduced a way of sharing revenue among PLX stakers.
The platform is an upcoming hybrid trading platform that aims to combine features of centralized and decentralized exchanges.
It will allow trading various asset classes under one account, including Forex and cryptocurrencies.
Pullix ARMY is OFFICIALLY 3500+ Strong! 😤😤😤
Our community growth is absolutely EXPLODING as we smash presale records left and right!
Now over 3,500 believers are certified $PLX HODLers! With a whopping 11,000 users registering for the $PLX presale.
At this trajectory, NO… pic.twitter.com/Ik38PB8S1C
— Pullix (@Pullixmarkets) January 16, 2024
PLX grants access to certain assets and reduced trading fees.
The token is also the first “trade-to-earn” crypto, meaning that stakers can earn rewards based on the number of trades on the platform.
Over 13,000 users have registered for the presale.
In stage 6, PLX is available for $0.08.
Can Pullix outpace Aave and VeChain?
Many altcoins are available in the market, each with unique features and benefits.
Among those, Pullix is one of the altcoins that has gained popularity in recent times due to its lower market cap.
Analysts are bullish that the project might outpace Aave and VeChain in the coming days.
Hot Take: Pullix Emerges as a Strong Contender in the Defi Market
In a highly competitive defi market, Pullix has emerged as a strong contender by outpacing established players like Aave and VeChain. With its successful presale raising over $4 million and selling more than 75 million PLX tokens, Pullix has gained significant attention. The platform offers unique features such as revenue sharing among PLX stakers and a hybrid trading platform that combines centralized and decentralized exchanges. These features, combined with the token’s trade-to-earn mechanism, have attracted over 13,000 users to register for the presale. Analysts are optimistic about Pullix’s future prospects and believe it has the potential to surpass Aave and VeChain in terms of market performance. As always, it’s important to conduct your own research before making any investment decisions in the crypto space.
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