Wednesday, 28 February 2024

Crypto News

Manta Network (MANTA), SUI, and Pullix (PLX) soar as crypto market takes a hit

Manta Network (MANTA), SUI, and Pullix (PLX) soar as crypto market takes a hit

  • MANTA, SUI, and PLX defy market downturn, showcasing resilience amid Bitcoin’s decline.
  • Manta Network surges on Bithumb listing and successful airdrop, capturing investor interest.
  • Pullix’s PLX presale gains momentum, offering an innovative “Trade-to-Earn” concept.

In the midst of a crypto market downturn triggered by Bitcoin’s recent price decline, some altcoins are defying the trend and experiencing significant growth. Manta Network (MANTA), Sui (SUI), and Pullix (PLX) have emerged as standout performers, showcasing resilience amid the broader market challenges.

Read along as we delve into the reasons behind Bitcoin’s slump and explore the notable rises of MANTA, SUI, and the ongoing presale of PLX.

Bitcoin’s decline and crypto market plunge

As Bitcoin faces increased volatility, the entire crypto market has witnessed a notable downturn. Bitcoin briefly dropped leading to millions in liquidations. Although BTC price has regained $40,000, the recent decline in Bitcoin’s price, coupled with broader market uncertainties, led to double-digit losses for various altcoins.

Investors are grappling with the impact of these market movements, which have contributed to a cautious sentiment and a temporary loss of support for many cryptocurrencies.

Manta Network (MANTA): defying the odds

Amid the crypto market turmoil, Manta Network (MANTA) stands out with a remarkable surge. Recent positive developments, including a listing on Bithumb and a successful airdrop for early supporters, have contributed to MANTA’s significant price increase. The token has seen a 30% surge in a single day.

MANTA price chart

The token’s resilience in the face of market challenges positions it as a noteworthy player in the decentralized finance (DeFi) landscape, garnering attention from investors seeking alternatives.

SUI token: a rising star

SUI, another altcoin in focus, has experienced notable growth despite the broader market uncertainties. The recent achievement of surpassing Bitcoin in Total Locked Value (TVL) following the approval of a spot Bitcoin ETF has propelled SUI into the spotlight.

With a surge of over 8% in the last 24 hours and more than 70% in the last 30 days, SUI is capturing the interest of investors looking for promising opportunities beyond the traditional crypto heavyweights.

SUI price chart

Pullix (PLX): shaping the…

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