The recent bull run in the cryptocurrency market has led to an increase in expectations over the future values of prominent cryptocurrencies. Bitcoin (BTC), for example, has exceeded previous ATH, with speculation that it could breach the $100,000 mark before its halving event. In the same manner, Pullix (PLX), a new revolutionary DeFi token is gaining traction with analysts projecting it to reach $1 in no time. Already listed on the popular exchange Uniswap, the PLX token is slowly establishing itself as a force to be reckoned with in the cryptocurrency market.
Bitcoin’s (BTC) Upward Trajectory, Can It Exceed the $100,000 Mark?
Since its launch more than a decade ago, Bitcoin (BTC), also known as the “digital gold”, has been the clear leader in the cryptocurrency market. Briefly surpassing its previous all-time high to reach a new peak of $69,170, the cryptocurrency forerunner has garnered attention worldwide, with analysts and investors recklessly contemplating the token’s fate.
With a steady increase in its value and continuous acceptance by institutions and the general public, analysts believe that the upcoming “Bitcoin halving” event, along with rising demand and institutional interest could drive its price to previously unheard-of levels.
Meanwhile the quadrennial halving event has become quite popular among analysts and crypto enthusiasts. Looking back, the two previous halving events that occurred in 2012 and 2016 were preceded by significant price surges that saw Bitcoin (BTC) reach all-time highs.
Now analysts have propounded that the increased demand for Bitcoin might result from its use as a store of value and inflation hedge, especially in light of the world’s central banks’ extraordinary monetary stimulus programmes. Furthermore, Bitcoin’s rising appeal to institutional investors—such as hedge funds, asset managers, and corporations—has given it more credibility as a viable asset class.
Analysts Predict Pullix (PLX) To Reach $1 Threshold
Amid the conjecture around the valuation of Bitcoin, the focus has shifted to the new tokens on the block. Already recording massive success, the revolutionary DeFi token, Pullix (PLX) has already been touted to reach the $1 mark.
With many projects focused on either centralized or decentralized exchanges, the PLX token focuses on both leveraging its hybrid approach, merging the strongest attributes of both worlds to provide a unified platform for its users and investors. On this platform, users can seamlessly and securely trade global assets.
Furthermore, the Pullix network aims to solve the issues with liquidity in decentralized exchanges. By incentivizing users to provide liquidity, the network can offer better prices than most platforms, driving up the demand for the PLX token.
Following its recent listing on Uniswap, the native PLX token has made a significant impact in the cryptocurrency ecosystem. Impressively, within a mere 40 minutes of its launch, the network recorded an astounding $1.35 million worth of PLX tokens traded.
With its recent accomplishments and positive market performance, analysts are predicting that PLX will soon surpass the $1 threshold. Additionally, with an upcoming listing on BitMart by March 7, this DeFi token has garnered attention from global investors and enthusiasts. As the bull run continues, PLX is definitely a token worth keeping an eye on.
