Wednesday, 28 February 2024

Crypto News

Avalanche (AVAX) eyes $50 as Pullix (PLX) presale hits $1M

Brace for more AVAX dilution

  • Avalanche (AVAX) has jumed 10% in the past 24 hours to break above $45. 
  • As cryptocurrencies bounce, AVAX bulls could eye a breakout above $50.
  • Meanwhile, the overalll bullish outlook has Pullix (PLX) attracting investors as its presale surpasses $1 million.

Avalanche (AVAX) is looking to bounce above a key price level following Wednesday’s broader market surge. Meanwhile, investors hunting for the next breakout projects are increasingly finding Pullix (PLX), a new crypto exchange and investment platform highly attractive.

Pullix (PLX): the new hybrid exchange for DeFi

Pullix ($PLX) is a new project that seeks to bring the benefits of a hybrid exchange to the online trading community. 

An innovative “Trade-to-Earn” ecosystem stands out and could revolutionise the trading experience across crypto, particularly the decentralised finance (DeFi) market. The trading platform will incentivise users to provide liquidity, offering a revenue sharing product that could drive interest and provide traction for the native $PLX token.

$PLX holders will earn more tokens when they contribute to liquidity through staking of liquidity pool tokens. There are also discounts on trades. 

Apart from that other notable earning opportunities will be via its lending protocol, staking rewards, and DeFi and NFT launchpad. 

Users will also note Pullix’s non-custodial exchange as a plus that sets it apart from most platforms currently in the market. What this means is that users remain in control of their holdings as they enjoy the benefits of a hybrid infrastructure model.

Avalanche: AVAX looks bullish as crypto bounces

Cryptocurrencies have added roughly 2% to the global market cap after Bitcoin’s surge to $44,000 on Wednesday. Data showed the total value of cryptocurrencies was about $1.7 trillion, with 24-hour trading volume around $89.5 billion. 

As BTC rose, Solana extended its recent gains to flip XRP, while Ethereum traded to above $2,200. All the top 10 cryptocurrencies, including Avalanche (AVAX) were in the green over the past 24 hours.

Before Avalanche’s 10% spike to highs of $46, the altcoin had hovered below $40. The upside now has analysts strengthening their  bullish outlook for the layer-1 blockchain platform’s native token. Open interest has risen to over $407 million, up 17% in the past 24 hours.

With millions of AVAX tokens…

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