Altcoin Heatwave: Pullix (PLX) Surges, Pitting Against Binance Coin (BNB) and Kava (KAVA) for Dominance

The post Altcoin Heatwave: Pullix (PLX) Surges, Pitting Against Binance Coin (BNB) and Kava (KAVA) for Dominance appeared first on Coinpedia Fintech News

Pullix (PLX) has experienced a significant price surge as it sets out to battle established altcoins like Binance Coin and Kava. This impressive growth has made analysts tag Pullix as the best crypto to buy now. Let’s see if Pullix stands a chance.

Binance Coin (BNB) Drops To 5th Largest Token Despite Price Pump

Binance Coin (BNB) has recently made news for its spectacular price increase. Binance Coin price recently surpassed the $300 resistance level, signalling a major rebound. Binance Coin recovered its position as the fourth-largest token last week. At the time, its main competitor, Solana, was experiencing price declines.

Unfortunately, Binance Coin has dropped to fourth place as of January 2nd. According to CoinMarketCap data, Binance Coin has a market cap of $48.55 billion, while Solana has a market size of $49.00 billion.

In the meantime, the Binance Coin price is rising. In the last week and month, the DeFi crypto has gained by 10.7% and 40.5%, respectively. In the last week, the token has traded between $286.33 and $336.12.

Currently, the technical indicators of Binance Coin have bullish momentum. As a result, bulls have set their eyes on the $400 mark.

Kava (KAVA) Inflation is Now Zero, Price Surge Coming?

On January 1st, 2024, Kava (KAVA) announced that its inflation had dropped to zero. “This makes #KAVA the first hard-capped, highly decentralized, PoS layer-1 with a community-owned Strategic Vault holding $600M+ in assets,” the tweet added.

Meanwhile, this latest update comes after the Kava network launched Kava 15 on December 7th. This new version of the Kava blockchain gives way to zero inflation. How does this zero inflation affect the Kava crypto? Zero inflation ensures that there are fewer and fewer Kava coins available, which creates an artificial scarcity.

This artificial scarcity could affect the price of Kava crypto in the long run. According to CoinMarketCap, Kava’s price rose from a 7-day low of $0.855495 to a peak of $0.959572. The DeFi crypto has pumped 7.1% in the past seven days.

Pullix (PLX) Skyrockets To $0.07. Can It Overtake Binance Coin and Kava?

Pullix (PLX) has started 2024 on a bullish note as it rose to a new all-time high of $0.07. This signals high interest from investors who want to cash in on the price surge after its launch this month. Analysts believe Pullix could surpass top altcoins like Binance Coin and Kava. 

This new project is making a name for itself in the crypto exchange space, fast becoming an important one. Its main aim is to bridge old and new trading methods, making it simple for all people to trade in various markets.Pullix solves the “liquidity” challenge of exchanges by letting people trade more than just digital currencies. Pullix is improving its activity and making trading easier for users by adding markets such as foreign exchange, ETFs, and commodities.

The team has made a clever plan to encourage more trade on their platform. They do this by rewarding people who reach trading goals on the platform. This makes Pullix a more attractive exchange than Binance and Coinbase.This strategy is likely to increase the number of users who use Pullix and increase the popularity of its utility token, PLX. Pullix’s connection to the larger financial market also makes it a more appealing investment option.

Pullix also has an intriguing feature for individuals who want to trade large amounts of money: the ability to trade with high leverage on a variety of assets. Experts predict a significant increase in its value, particularly during the presale process.

PLX is now trading at $0.07. This is a fantastic opportunity for individuals wishing to invest in one of the best crypto to buy right now, analysts predict it will 30x upon launch from its initial listing price of $0.12.

Final Words 

While Binance Coin and Kava are top altcoins in the crypto space, analysts believe Pullix has what it takes to overtake both of them. Just like Binance Coin, Pullix is the native token of an upcoming exchange.

However, Pullix exchange is hybrid compared to Binance Coin’s exchange. This would boost Pullix to battle Binance in trading volume and liquidity. 

For more information regarding Pullix’s presale see links below:

Visit Pullix

Join The Pullix Communities