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Recently, Ark Invest has sold $11.5M worth of Coinbase shares. This move has sparked discussions in the crypto community. Meanwhile, Pullix (PLX), a revenue-sharing DeFi platform, continues to captivate investors' interest through its ongoing presale. According to some market analysts, this new ICO, now in Stage 2 of its presale, is pegged to become the next 100x token in 2024. Let's take a closer look at why.
A Change in the Ark Invest Strategy
Ark Invest's decision to dump its Coinbase shares signals a strategic shift. This action is significant; however, it doesn't necessarily mean a diminishing belief in the crypto space. Instead, it might hint at a reallocation strategy or diversified investment approach.
On December 15, the Coinbase stock sat at $148.52, according to TradingView, down 2.24% from December 14. This is a 56% fall from its all-time high of $342.98 set during November 2021.
Pullix (PLX): One Of The Best DeFi Projects
Amid this, Pullix (PLX) remains a focal point in the DeFi market. This upcoming hybrid DeFi trading platform will merge the best centralized and decentralized exchange features. As a result, you will benefit significantly as a trader with high leverage at 1000:1, deep liquidity, and self-custody over your assets.
Additionally, Pullix sets itself apart by allowing the trade of all asset classes (including cryptos). This will open up numerous financial markets, even the forex one. According to a 2019 Triennial Central Bank Survey, the forex market saw a daily volume of $6.6T in 2022. This aspect gives Pullix a competitive edge over platforms like Binance or Coinbase, which have a "crypto-only" policy.
A Unique Revenue-Sharing System
At the heart of this platform and all its features will lie the PLX native token. It is now worth just $0.042 as it is in Stage 2 of its presale. This crypto ICO event has caused a frenzy in the community as 4.7M tokens have already been sold, and $199,000 have been raised.
One key reason is Pullix's revenue-sharing model, which allows investors to benefit from the platform's success. In other words, those who stake the PLX native token will receive a percentage of Pullix's daily revenue. Moreover, Pullix will implement a burn feature that will make the altcoin deflationary and scarce – potentially increasing its value.
If you become a liquidity provider on Pullix, you may even stake other cryptocurrencies with Pullix to receive fixed interest rates over time. For example, you may deposit Bitcoin, and your fixed interest rate will be paid out in Bitcoin. The interest rate will vary from 8-18% depending on the lock-up period.
For those who desire only to hold the PLX token, know that you will receive discounts of up to 60% on trading fees while also gaining exclusive access to specific asset classes. This way, every trader will benefit.
Conclusion
While Ark Invest's move signals a shift, it doesn't diminish the appeal of DeFi projects like Pullix. Since it has a low market cap of $8M, it would only need $8M for its current price (and returns to investors) to double. This is achievable considering the innovative features Pullix will introduce and the financial markets it will tap into.
Because of this fact, plus its high demand with millions of tokens already sold, experts in the field foresee a 580% value rise for this altcoin before its presale ends. In Q1 of 2024, after its launch and exchange listing, it may even experience a 100x pump – making PLX one of the altcoins to watch.
For more information regarding Pullixs presale see links below:
Pullix is a new DeFi protocol that is launching a hybrid exchange that will seamlessly blend the strengths of centralized and decentralized exchanges into one unified platform. Serving as the pioneer of Trade-to-Earn our native token $PLX empowers the community to earn a portion of the daily revenues generated by the exchange.
Digital currencies may be unregulated in your jurisdiction. The value of digital currencies may go down as well as up. Profits may be subject to capital gains or other taxes applicable in your jurisdiction.
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View source version on newsdirect.com: https://newsdirect.com/news/ark-invest-dumps-11-5m-worth-of-coinbase-shares-revenue-sharing-defi-platform-continues-attracting-investors-to-profitable-presale-455245201
Pullix.io
COMTEX_445249374/2655/2023-12-20T16:07:20
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Smart Herald journalist was involved in the writing and production of this article.