Pullix presale surpasses $6 million, may flip Binance and KuCoin; Solana whales double down

With the innovative model exchange that Pullix (PLX) is introducing into the blockchain, will it be replacing Binance (BNB) or KuCoin (KCS)? Over the years, crypto traders have faced several issues of high transaction fees and liquidity problems, and Pullix is coming up with a solution. Meanwhile, Solana (SOL) whale investors are buying the PLX presale, with over $6 million raised. How will Pullix displace already established crypto exchanges? Let’s see that below. 

Can Pullix displace Binance and KuCoin?

Pullix is creating a blueprint to give other crypto exchanges a run for their money. For context, the Pullix platform is a hybrid exchange that combines the strengths of defi and cefi exchanges to create a unique decentralized exchange on the blockchain. Unlike KuCoin and Binance exchanges, Pullix will reward holders of the PLX tokens with a share of the net revenue from the exchange platform using its profit-sharing model feature. 

Also, Pullix will not ask traders for KYC verification before trading on the platform. Pullix is challenging the status quo of trading platforms and is geared at flipping mainstream exchanges and introducing the ultimate crypto trading experience on the blockchain. As a result, over 15,000 individuals have joined the exchange, with more traders joining before the end of the presale in less than 20 days. 

Similarly, PLX, an ERC20 token, is another asset showing increasing potential for growth. So far in the presale, investors have bought over 80 million PLX tokens, which has resulted in the platform raising over $6 million. These stats show that the PLX token is quickly becoming an investment alternative for investors ahead of Binance Coin and KuCoin tokens.  

A percentage of the PLX token will undergo a token burn feature where the unpurchased token will be burned to keep it relatively scarce and valuable. With a live platform demonstration available to the public, two trading licenses obtained, and listings on Bitmart and Uniswap, Pullix has the potential for more growth in 2024.

KCS shifts bullish

KCS has been bullish, adding 10% in the past week. Also, the token’s long-term price metric looks good, as the year-to-date price chart shows a 34% increase in value. As a result of the bullishness, the KuCoin price has surpassed the $10.50 mark for the first time since Jan. 3. 

Meanwhile, the KCS trading volume is on a positive trajectory, putting the token in a good place for more rallies. 

Based on Digitalcoinprice KuCoin price prediction for 2024, the token will trade at an average price of $22 before the end of the year. 

BNB likely to rally

BNB has continued its bullish sentiment going into the 3rd month of the year. 

The market data of the coin shows that it has gained over 9% within the last week. This has resulted in the Binance Coin price surpassing the $330 mark. 

The Binance Coin price may reach the $350 mark sooner than anticipated. 

However, analysts think that the fluctuating trading volume of Binance Coin may impede the rallying momentum of the token.

Solana surges past $100

Solana has been recording significant bullish sentiment since the start of February. 

As the price stats show, the token witnessed a retracement in January after reaching the year-to-date price peak of $121 on Dec. 26. This retracement saw the Solana price drop below the $100 threshold for most of January. 

However, February came with a price resurgence for the token. With over 21% growth in the price of Solana in the past 30 days, the value surged above $100 again. 

At the current trajectory, analysts predict that the Solana price will likely reach the $130 price point before the end of Q1 of 2024.