Chainlink (LINK) and Solana (SOL) Face Competition as Pullix (PLX) Gains Investor Favor

The post Chainlink (LINK) and Solana (SOL) Face Competition as Pullix (PLX) Gains Investor Favor appeared first on Coinpedia Fintech News

A new DeFi crypto and presale project, Pullix is poised to rival two top guns, Chainlink and Solana. The presale project has seen increased demand from investors who bought out stages 1 to 4. Analysts believe Pullix has the potential to mirror and surpass the achievements of these projects. Let’s see.

Chainlink (LINK) Faces Major Resistance 

Chainlink (LINK) has seen notable price fluctuations as the crypto market looks forward to the bull cycle. Since November, Chainlink has been bullish following a huge rally in October. Chainlink coin reached a yearly high of $17 on December 9th. A large number of investors were drawn to the platform as a result of this.

The Chainlink price has been ranging between $14.10 and $16.15 in the last week, according to CoinMarketCap. On all timeframes, the token is currently bullish. 

Chainlink’s price has risen 11.9% and 16.2% in the last week and month, respectively. Furthermore, the cryptocurrency has a yearly gain of 177.5% as the market size and trade volume rise. The next important barrier is at $20. Chainlink will reach new heights if the ERC20 token surpasses this level.

Solana (SOL): Analyst Bullish on Solana To Hit $400

Bluntz, a famous crypto analyst, has expressed a positive view of Solana’s (SOL) prospects. He is confident that Solana’s bullish performance this year isn’t over yet. He expects Solana to reach new record highs. Bluntz pointed out that Solana’s coin is still 113% below its highest value ever. 

The analyst criticized the habit among some traders of hastily predicting market peaks. Instead, he advised investors to see value in buying Solana dips, predicting a potential rise to $400. 

The Solana price has increased 32.5% in the past week to reach a weekly high of $123.68. In addition, the ERC20 token is bullish on the yearly and monthly charts, with price pumps of 886.3% and 96.0%, respectively.

Pullix (PLX) To Rival Chainlink and Solana

While Chainlink and Solana are top giants in the crypto space, Pullix (PLX) is set to rival both projects for the top spot. Does it stand a chance? Let’s find out. Pullix is setting a new standard in the trading sector. It has positioned itself as a leading project in the DeFi market.

Its goal is to bridge the gap between decentralized and centralized exchanges. Also, it would address a key challenge in the DeFi sector – liquidity. How? By offering users access to more markets apart from crypto. Some of these markets, like the forex and OTC derivatives markets, boast high trading volume, which helps to increase the platform’s liquidity.

Additionally, Pullix introduces an inventive model to encourage liquidity provision. The platform promotes better trading rates and competitiveness by motivating users to add liquidity. This would likely boost user engagement and increase the demand for PLX tokens. Additionally, Pullix allows traders to have total control over their assets.

The platform supports margin trading with up to 1000:1 leverage across various asset types. As the best project in the DeFi market, analysts have predicted a 580% price surge in the presale stage. The token is currently trading at $0.07, a good opportunity for you to join the project before it rises to $0.12.

In a Nutshell

While Chainlink and Solana are top tokens in the crypto space, Pullix DeFi crypto has potential. The project’s exposure to more markets like forex and OTC derivatives apart from crypto makes it a worthy contender. The increased trading volumes of these markets will increase the usage and price of the PLX token.

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

Visit Pullix 

Join The Pullix Communities