Altcoin season: Polkadot and Litecoin HODLers exploring Pullix
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The altcoin market is trending higher, and investors are diversifying into new projects. According to reports, Polkadot (DOT) and Litecoin (LTC) HODLers have been considering Pullix, a new defi project whose presale is in progress.
Polkadot flips Chainlink and Polygon
Polkadot recently flipped Chainlink (LINK) and Polygon (MATIC) based on CoinMarketCap data.
DOT rose by 29% in the last week.
Polkadot trading activity is increasing due to the high demand for Polkadot in the derivatives market.
Moreover, Polkadot has recently submitted some new proposals that could change how blockchain operates. One of the most important ones is called Referendum 335.
While these proposals have no direct effect on Polkadot price, they have affected market sentiment positively.
Presently, DOT ranges between $5.60 and $7.57 on the weekly chart.
Litecoin active addresses hit new peak
Litecoin has seen a significant increase in activity.
Recently, the number of active addresses surpassed 1.4 million.
Litecoin’s active addresses reached a six-month high of almost 980,000 in mid-November.
Adopting the LTC-20 token standard is one of the reasons for this increase in active Litecoin addresses.
As the network activity grew, the Litecoin price also rose.
On Dec. 10, LTC rose to $77.
However, prices fluctuate between $71.59 and $79.31 on the 7-day chart.
The Pullix trading platform
Pullix is developing a blockchain-based trading solution to prioritize users, compliance, and security. The platform would offer features like instant trading, reduced fees, and enhanced protections compared to some traditional exchanges.
PLX, the portal’s ERC-20 token, would power transactions and reward staking opportunities on the exchange. Additional planned capabilities include 24/7 trading of currencies, commodities, equities, and cryptocurrencies with leverage.
Pullix also looks to eliminate know-your-customer (KYC) procedures to enable anonymous trading. Advanced trading tools leveraging AI may provide users with optimized order execution, strategy building, and options to mimic successful traders on the platform.
The platform also intends to introduce a “Trade-to-Earn” model that incentivizes users through revenue sharing as they meet defined trading goals and challenges. In theory, this enables token holders to earn a fixed income from participating in the exchange.
As an emerging platform still in development, these models’ feasibility and regulatory permissibility at scale remain undetermined. The ability for Pullix to deliver on its ambitious vision safely and legally alongside user growth has yet to play out.
Conclusion
Currently, the PLX token is at the first stage of its presale and is available for sale at $0.042 per token. Analysts expect the token to extend gains going forward.
For more information regarding Pullix’s presale, see the links below:
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