Polkadot declining, Bitcoin under pressure as excitement builds ahead of Pullix launch
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Bitcoin (BTC) and Polkadot (DOT) prices remain volatile. Meanwhile, interest in Pullix (PLX), a hybrid cryptocurrency exchange launching in 30 days, is rising.Â
Pullix launching in 30 days
The Pullix presale is at its tail end. Afterward, the hybrid exchange will launch in 30 days.
The project has gained significant support and funding from investors. This surge in interest is due to the platform’s profit-sharing model and approach to solving liquidity challenges.Â
Pullix aims to offer traders worldwide ample liquidity, leverage, and a user-friendly portfolio management system.
It also promises better rates and anonymous trading while ensuring users take charge of their private keys.
PLX prices have increased from $0.04 to $0.10 in the ongoing presale.
Polkadot under pressure
Polkadot fell by 21.80% in the past month but is slowly recovering in the past month.
Overall, DOT prices remain volatile and declining.
Even so, analysts expect a slight dip but are overly bullish in the medium term, expecting DOT to float to $10 by the end of Q1 2024.
Bitcoin is bullish
The crypto market is recovering, and Bitcoin maintains an uptrend despite recent dips.
BTC is steady between $41.4k and $43.5k when writing.Â
The coin may float above $43.5k by the end of February.Â
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