The crypto industry is undergoing a major revolution. While several altcoins have collapsed, Chainlink, Fantom, and Pullix have held their ground. They are the new favorites to lead the next market rally.
Polygon founder showers praises on Chainlink (LINK)
Chainlink (LINK) is one of the altcoins that have weathered the latest market correction. One major factor that has increased investors’ interest is the high rate of adoption by other platforms. Earlier today, the founder of Polygon hailed Chainlink as a “new era for DeFi.” This comes after Polygon zkEVM integrated Chainlink’s data feed into its platform.
In other news, the price of Chainlink coin has increased 124.9% in the past year. It is currently valued at the $14.06 to $17.25 price range. Chainlink price has not reacted to the latest development. However, analysts have predicted a price surge to $20 before the end of 2023.
Fantom (FTM) soars 20%
Fantom (FTM) has joined the dramatic market shift with a bullish performance. The Fantom coin has increased by 20.3% in the last 24 hours. The coin is now trading at the upper end of the $0.356208-$0.443056 price range.
The Fantom price has risen 33.2% during the last 30 days. Year-to-date, it has risen by 85.2% in the last year. This comes after the token encountered a major issue at the beginning of 2023 – the multichain hack. Fortunately, investors’ confidence in the project has been restored. This could drive the top token to $1 in the coming months.
The Pullix (PLX), the best cryptocurrency after market shake-up
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Pullix (PLX) is a CEX-DEX hybrid exchange that offers the benefits of both CEX and DEX platforms. These benefits include security, decentralization, high liquidity, and access to more markets. Its main goal is to reduce trading fees and enhance “liquidity”. This gives traders access to assets like gold, commodities, equities, FX pairs, silver, and more.
Apart from these features, the platform has two other sections – the DeFi swaps and copy trading. Pullix’s DeFi swap is a decentralized exchange that allows users to control their asset swaps. On this DeFi swap platform, token trading is easier, faster, and cheaper. The automated market maker model (AMM), which is used by the platform, trades against a liquidity pool.
This feature eliminates the need for direct trader matches. As a result, trades are faster as no time is wasted waiting for matches. Now, let us move to the next feature, which is copy trading. Pullix’s copy trading feature uses an AI-powered algorithm. This tool allows other traders to copy the trades of professionals.
You might ask why this is useful. These professionals have years of trading experience, and their trades have high success rates. Therefore, those who copy their trades have a high chance of success. What does this translate into? More profits.
Given these features, analysts have tagged Pullix as the best project in the defi market. Besides, it connects traders to other markets besides cryptocurrencies. Trading volume and liquidity are strong in these markets.
For example, the global currency market has a daily trading volume of $7.6 trillion. The platform’s link to the FX and OTC markets would raise the exchange’s capital. This, in turn, would boost the value of the PLX token. Pullix’s native token, PLX, is strategically positioned to benefit from this and become the best cryptocurrency; hurry up and join in now for only $0.042 before it surges.
Conclusion
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With the recent changes in the crypto market, investors looking for altcoins to buy can pick from the new favorites. However, Pullix’s low price, market cap, and connection to multiple markets make it a better option for traders.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
