BTC, ETH see dip; Pullix platform’s rise offers new opportunities 

3 weeks ago 8



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As Bitcoin and Ethereum face significant dips, falling below key price thresholds, the new Pullix platform emerges as a lead option for investors looking for growth opportunities, boasting a hybrid trading approach with a promising outlook.

Bitcoin (BTC) took a hit in its value during the past week which brought it back under the $70,000 range, and as a result, many are worried that it could experience even larger dips. Ethereum (ETH) followed a similar pattern where it was brought down to the $3,500 support after a 12% price decline. 

However, those who want to buy the dip and take advantage of this opportunity can do so on the new Pullix (PLX) platform,  which utilizes a hybrid approach and has a rich feature set that could send its price flying.

Bitcoin moves under $70,000 again

Bitcoin has displayed worrying performance on the charts. Specifically, the Bitcoin price USD is down 9%, where it dropped to $66,784.

For reference, during the past week, the Bitcoin value moved between $61,494.44 on the low end and $72,966.18 on the high end, making it one of the most high-growth cryptocurrencies of the year. This setback has left many traders worried about its future however, yet, according to the Bitcoin price prediction, there is potential for recovery, as it can climb to $103,335 by the end of Q4, 2024. 

Ethereum dips 12% 

Ethereum has also seen a price downtrend on the charts, where it’s down 12% on the weekly chart and 7% on the two-week chart. Specifically, the Ethereum price moved between $3,107.01 to a maximum value of $3,969.30 during the week. 

Just when everyone expected it to break past $4,000, the Ethereum crypto experienced a price correction phase, and now trades at $3,531. Yet, there is still hope for the crypto to grow in the future, as according to the Ethereum price prediction, it can end 2024 at $5,297.

Pullix readies to lead with a hybrid approach

Pullix is a hybrid exchange platform that recently completed its crypto ICO period, and experienced an official launch on March 21, 2024. The platform takes the best elements of CEXs and DEXs, and combines them in a simplified platform with zero KYC requirements, where anyone can utilize them to get the most out of the market.

Users can trade cryptocurrencies like BTC and ETH, and there is a dedicated revenue share model, where stakers of PLX can get a portion of the daily revenue generated. There is also a token burn system where the supply will decrease over time, increasing the scarcity and value of the cryptocurrency. 

This platform also introduces Trade-to-Earn elements, where anyone can get the most out of their crypto balance. While the crypto is already listed on BitMart, XT.com, Uniswap, CoinMarketCap, and CoinGecko, it will get listed on the MEXC exchange on April 2, 2024, which marks the third major CEX listing within less than a month. 

In the first three business days following its launch, users can create a demo account and explore the various features available, and even test their trading strategies. Following this period, live trading and deposits will be enabled as well. The platform is expected to become a major force in the $40 trillion OTC derivatives market, and analysts project a 5,000% price upswing following its launch.

Conclusion

It’s clear that Bitcoin and Ethereum experienced a price hiccup, but could soon be on the road of recovery. In the meantime, PLX grew in value by 300%, as it had a listing price of $0.168 and now trades at $0.6734. With solid ROI so far for early investors, hype in its future is massive and it’s seen as one of the best cryptos to invest in, and this could result in far more significant gains.

To learn more, visit the Pullix website, join the Pullix Communities, or purchase via Bitmart.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Follow Us on Google News

Read Entire Article