Wednesday, 17 April 2024

Crypto News

Ethereum and Bitcoin drive crypto market surge; Pullix PLX token presale nears end

Volatility Shares targets Ether Futures ETF on October 12

  • Ethereum (ETH) surged above $3400, driven by Bitcoin’s rise.
  • Pullix pre-sale ending soon; PLX to list on Uniswap, BitMart.
  • Investors eying Ethereum (ETH) and Pullix (PLX) amid the bullish crypto market.

The cryptocurrency market is experiencing a significant surge, propelled by impressive gains in Ethereum (ETH) and Bitcoin (BTC). Ethereum has seen a remarkable increase of over 17% in the last week, reaching $3,470.73.

Ethereum’s price surge can be attributed to the generally bullish sentiment in the crypto market largely attributed to the positive performance of Bitcoin, which has surged by 21% since Monday, trading at $62,807.02 at the time of writing.

As the cryptocurrency market witnesses a bull cycle, the presale of Pullix’s native token is a few days to its end awaiting listing on two crypto exchanges.

Ethereum’s price surge and market dynamics

Ethereum’s recent price surge is a testament to its resilience and growing popularity in the cryptocurrency market.

With a surge of over 10% in the past two days, ETH has demonstrated strong momentum, driven by bullish market sentiment and increasing demand from investors. The major driver behind Ethereum’s rise, as with other altcoins, remains Bitcoin, which continues to dominate the market and influence price movements across the board.

Factors such as the growing adoption of decentralized finance (DeFi) applications and the upcoming Ethereum 2.0 upgrade, which aims to improve scalability and security, have also contributed to Ethereum’s positive performance.

Additionally, Ethereum’s role as a platform for decentralized applications (dApps) and smart contracts further enhances its utility and value proposition, attracting both developers and users to the ecosystem.

Pullix: introducing a new hybrid crypto trading platform

Amid the cryptocurrency market surge, Pullix emerges as a promising player in the space.

Pullix is a new DeFi protocol that is launching a hybrid exchange, seamlessly blending the strengths of centralized and decentralized exchanges into one unified platform. The platform introduces the concept of “Trade-to-Earn,” empowering users to earn a portion of the daily revenues generated by the exchange through its native token, PLX.

Pullix aims to disrupt the status quo in the crypto trading industry by offering innovative features such as passive income…

Click Here to Read the Full Original Article at CoinJournal: Latest Bitcoin, Ethereum & Crypto News…