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Analyst Predicts Polygon’s (MATIC) Collapse As Emerging DeFi Competitor Pullix (PLX) Announces Bitmart Listing

Analysts take a deep dive into the trends of top crypto projects like Pullix and Polygon. This article highlights the potential of these projects, given their past market activities in the market.

ABP Digital Brand Studio Published 04.03.24, 10:28 PM

In an ever-evolving industry like the blockchain, improved DeFi projects are emerging to revolutionize how individuals transact on the blockchain. For context, a top DeFi project like Pullix (PLX) has been making waves across the industry, given its unique trading model. With the announcement of an imminent listing of Pullix on the BitMart exchange, existing protocols on the blockchain, such as Polygon (MATIC), may encounter strong rivalry from such innovative projects.

Polygon (MATIC) has been on a recent price rally following a dip in value in January. As per market stats, the Polygon price reached the $1 mark in January for the first time since April last year. This resulted in investors projecting an extended rally in Q1 of 2024. However, the token promptly retraced its rallying signal to trade at $0.73 towards the end of January.

Meanwhile, since the start of February, Polygon has gained over 31% in value and has now restored its value above the $1 mark. However, the token still has a long way to go as it has declined by 17% in a year-to-date price metric. With the Polygon trading volume at a 60% average day-to-day growth since last week, investors may see a continued bullish sentiment, contrary to analysts' projections. But the question remains whether the token will reach the $2.92 all-time high it witnessed in 2021 when the bull run comes.

Pullix (PLX) is introducing a never-seen-before trade-to-earn crypto exchange where investors are empowered to earn a portion of the daily revenues on the platform while they trade their favorite cryptocurrencies. As a top DeFi project, Pullix will be integrating the best features of CeFi exchanges to create a hybrid exchange platform where investors have the freedom to explore the crypto market.

Having already been listed on the Uniswap exchange, Pullix has just announced its listing on BitMart CEX. As such, individuals can purchase the PLX token from the above-listed exchanges even after the end of the presale. The PLX presale has been a massive success, having generated over $8.7M so far.

Notably, early investors have generated over 250% ROI within the presale phase of PLX. Experts are projecting over 400% growth within the first year after the launch of the token. With the launch of the PLX token projected to be on the 4th of March, it'll be wise to buy the PLX token now, which is sold for just $0.14. There is a 20% deposit bonus given to buyers now before the launch. Over 117M tokens have been sold so far with close to 25,000 participants joining the presale.

Having already closed the presale, the platform opened a bonus round for people who are yet to join to purchase the token now. This bonus round will end in a few days. So, now is the best time to join at a very cheap price point and position yourself for massive profits when the project is launched.

One of the standout features of PLX is its token burn feature, where a percentage of PLX tokens are collected and burned, thereby creating scarcity and increasing the token's overall value. With this, PLX has set the groundwork for consistent value growth on the blockchain. Overall, the Pullix platform and the PLX token are a synergy of a top crypto investment alternative for investors looking to boost their net worth.

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Disclaimer: This is a sponsored article and does not involve any editorial input. The views expressed, including any statements, views, opinions, announcements, declarations, or affirmations are neither supported, nor endorsed by The Telegraph Online.

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