Bitcoin (BTC) Flattens its Bullish Curve, Tron (TRX) Gains Momentum as Pullix (PLX) Soars Amid Imminent Project Launch
An in-depth look at the crypto industry reveals insights into the trajectories of coins such as Bitcoin, Tron, and Pullix. Find out how these price movements affect your portfolio.
A study of the price trajectories of tokens in the crypto market reveals that Bitcoin (BTC) is flattening on its bullish curve as it loses momentum. On the other hand, Tron (TRX) has seen a significant uptrend in the last few weeks. Notably, Pullix (PLX) is fast becoming one of the top crypto to buy in the market, having attracted whales to the project. With the project's launching date getting closer, analysts are projecting a massive rally soon. Find out more below.
Bitcoin (BTC) Losses Steam as Bullish Uptrend Fades
In recent weeks, Bitcoin (BTC) has flattened its bullish trend as the crypto market downturn pushes tokens to the bear market. As shown in the market stats, Bitcoin was on a bullish trajectory, which saw it reach the year-to-date price peak of $48,000 in January. However, Bitcoin price has run out of its bullish steam to hover within the range of $42,000 to $43,000 mark.
Meanwhile, experts believe that Bitcoin price is likely to see another round of bullish momentum, which will propel it to trade above the $50,000 threshold within Q1 or Q2 of the year. So far, Bitcoin trading volume has been on a rally in the past week which experts think could trigger a resurgence soon.
Tron (TRX) Maintains its Long-term Bullish Sentiments
Tron (TRX) has been enjoying a steady uptrend in price value over the last year. For context, the Tron price surged by over 7% within the last week. Also, last month's price trajectory of the token shows 16% price growth. A further look shows that Tron has gained a massive 91% in a year-to-date price metric.
At the current trajectory, Tron is significantly bullish and represents a high potential crypto to buy in Q1 of 2024. Analysts believe the token will continue its rally in the coming weeks, barring any sudden significant market dynamics. The Tron market cap and trading volume have also witnessed massive growth in the last week which shows more adoption of the token.
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Pullix (PLX) Prepares for Project Launch as it Enters Last Stages of Presale and Gets Listed on CoinGecko
Following a hugely successful presale phase for Pullix (PLX), the token is now counting down to launch. The PLX token has already been listed on CoinGecko, which is one of the biggest crypto platforms in the world.
Also, the platform has raised almost $5 million from over 15,000 participants in the ongoing presale. With less than 70 days to go before launch, there's only a limited window for investors to buy the PLX presale. Buying the presale is a smart investment move as it positions investors for the significant price gains that will potentially come after the token launches.
Meanwhile, the PLX, an ERC20 token, is the native token of the Pullix platform. The platform is a hybrid exchange project on the blockchain that aims to provide a seamless trading experience for investors. On the Pullix platform, investors can trade multiple popular cryptocurrencies such as Bitcoin, Ethereum, BNB, etc. Also, as a Trade-to-Earn exchange, the project profit share model will ensure that members who hold the PLX token earn a share of the revenue generated on the platform.
Investors still have the chance to buy the PLX token, which is sold for just $0.10. Crypto experts have projected that the PLX token will rise by 100x after launch, making it a top crypto to buy now for significant ROI in the future. The platform gives a 10% bonus to investors who purchase the token now.
With the surging momentum of the Pullix ecosystem, the PLX token has the potential of becoming a blue chip crypto in the future. That means now remains the best time to join the project at a relatively good price point.