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Saturday, May 4, 2024

Bitcoin (BTC) Rejects at $69K, Meme Coins Like Bonk (BONK) Down 20% But Pullix (PLX) Continues March Gaining Another 50%

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Bitcoin (BTC) made a giant attempt at equalling its all-time high record on March 5. However, a moment after surpassing the ATH, the bear pushed back the token below $69k. Meanwhile, despite the meme coins’ resurgence, some tokens in the meme coin category, such as Bonk (BONK), are beginning to wane. In another development, Pullix (PLX), the highly rated DeFi cryptocurrency, is continuing its ongoing bullish momentum after climbing by an additional 50% on Uniswap. Let’s find out how the token may shape up in the coming months.

Pullix (PLX) Matches on As Uniswap Gains Produce 300% Advantage 

With Bitcoin rejected at the 69K threshold and Bonk down by 20%, Pullix is fast becoming the preferred crypto option for many investors. The Pullix growth was noticed early in the presale by smart investors and the token rewarded them with 320% ROI by the end of the presale. As if that was not enough, Pullix has witnessed another 300% rally after its listing on Uniswap.

After listing at Uniswap at a floor price of $0.168, the Pullix price has soared to $0.70 within 2 days. Not only that, the Pullix trading volume has also risen to over $5M. Having seen the path Pullix is trending, many investors are moving to purchase the token. Initially, Pullix had sold over 100M tokens in presale which helped them raise almost $10M at its crypto ICO.

The PLX market cap has also jumped from $33.6M to over $140M, which reflects the dominance of the token in the market. Meanwhile, the PLX/ USDT trading pair has been enabled on the XT.COM innovation zone, with BitMart set to list the token soon. An additional way of earning income is through the profit share model, where investors earn a fixed daily percentage from the platform revenue.

When fully operational, Pullix will be a non-custodial exchange, allowing investors total custody of their assets. The platform will offer high liquidity, low charges on transactions, and guaranteed security for the safety of investors’ assets. To every investor seeking to dive in, Pullix is a DeFi cryptocurrency with the potential to turn average earners into millionaires.

Bitcoin (BTC) Experience A Pullback at $69k

Bitcoin (BTC) broke its all-time high record of 2021 after rallying past $69k on March 5. However, the number one crypto swiftly experienced a pullback as the bears gained slight control. In the past month, the Bitcoin price has surged by 54%, with the weekly chart showing 7% price growth.

Although Bitcoin may have been rejected, analysts expect the token to retest the threshold soon. With the bull run yet to kick off, Bitcoin’s price may trade at $100k in 2024.

Bonk (BONK) Down by 20% As Meme Coin Begins to Lose Steam  

After witnessing bullish momentum in the past few days, crypto meme coins are beginning to lose steam. There are fears that Bonk (BONK), which spearheaded the meme coin rally, may be sliding into the bear market.

Although the Bonk price has increased by over 100% in the past week, the threat of the bears is beginning to surface. As such, analysts opined that if the bear pressure mounts, the Bonk token may face a significant decline soon.

For more information regarding Pullix see links below:

Visit Pullix
Join The Pullix Communities
Purchase via Bitmart

ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.

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