Sunday, 14 July 2024

Crypto News

IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange

IOTX logo on a mobile phone screen

  • IoTeX’s IOTX token is up 163%, driven by an on-chain metrics surge.
  • Pullix’s ongoing presale raises $1.4M; platform introduces innovative “Trade-to-Earn” model.
  • Solana hits a 19-month peak above $102, surpassing XRP in market cap ranking.

While IoTeX, Bitcoin, and Solana witnessed considerable gains in the past few weeks, a new hybrid DeFi exchange Pullix is making waves with its PLX token presale.

Read along as we explore the recent market movements as we head into 2024 and the promising features of Pullix, currently in its presale stage.

IoTeX: bridging physical and digital realms

IoTeX (IOTX), the native token of the IoTeX network, a decentralized platform facilitating machine-to-machine interactions, has experienced a remarkable surge. The token has gained 109.27% in the last month to trade at $0.05255 at the time of writing. It is trading 162.93% higher over the past year, making it among the very few cryptocurrencies to sustain a bullish trend.

IOTX price chart


Recent on-chain metrics reveal a surge of over 90% in IoTeX’s native token, IOTX, within the past week. A notable catalyst for this breakout is the platform’s increased activity and adoption, exemplified by processing over 1 million transactions in a single day on December 19th.

IoTeX’s innovative hardware integration in security and oracle sectors, including products like Ucam home security cameras and Pebble data oracles, is capturing the attention of investors.

Bitcoin hits $44K

Bitcoin (BTC), the pioneering cryptocurrency, hit a daily high of $44,075.15 for the first time in over a year. 

Bitcoin price chart

While the asset experienced some retracement, the overall trajectory remains positive buoyed by the high anticipations of a spot Bitcoin ETF approval by January 10 and the upcoming Bitcoin halving event. 

In a review of 2023, Kaiko Research stated that “Bitcoin is set to close the year as one of the best-performing assets, up more than 160% and outperforming all major traditional assets even in risk-adjusted terms,” second only to semiconductor…

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