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A new altcoin called Pullix has risen to challenge top altcoins like Cardano and Tron with its revenue-sharing model. This model allows users to earn a percentage of the platform’s revenue, something that is new in the crypto space. Let’s learn more about this new altcoin.
Cardano (ADA) Price Down Despite High Developer Activity
Cardano (ADA) has remained a notable name in the crypto community since its launch in 2020. Recently, there has been an increase in developer activity on the Cardano network.
An IOG (Input Output Global) report in December 2023 revealed that 150 projects have been launched on the network, with 1,304 projects under development. Unfortunately, this increased network activity has done little to cushion its ADA token from the bear market.
According to CoinMarketCap, Cardano coin has been on a downtrend since it reached a yearly high of $0.6778 on December 14th. As of 2024, the token has been trading between $0.461 and $0.5343 in the past week.
Cardano bulls have maintained a 3.4% and 27.9% gain on the weekly and yearly price chart despite the price drop. If this bullish momentum remains, the altcoin could return to the $0.6 price region.
Tron (TRX) Price Remains Trapped in a Tight Area
Tron (TRX), the native token of the Tron network, has fallen out of the top 10 cryptocurrencies by market cap after a bearish period. Data from CoinMarketCap revealed that the altcoin has been trading in a flat line.
Tron has fluctuated between a low of $0.1014 and a high of $0.1175 in the past month. Despite its performance in the past year, the token did not come near the $0.2 price region.
This low price movement shows that investors have given up on the project. Investors’ interest have dropped drastically. Nevertheless, analysts still believe Tron price could regain its bullish momentum this year with the Bitcoin halving ahead.
Pullix (PLX) Allows Investors to Earn a Percentage of Its Revenue
Pullix (PLX) is on a mission to launch the world’s first hybrid trading platform, combining the best features of CEXs and DEXs. This novel strategy from Pullix is intended to tackle current trading market difficulties. The DeFi project will make it easier to trade a range of assets, including virtual currencies.
Holders of the platform’s PLX token will be eligible to receive a portion of the daily earnings of the platform. It’s interesting to note that Pullix will be the first exchange to give token holders a share of its daily profits. Additionally, it will enable it to supply liquidity to its automated market makers, generating a consistent passive income for the users of the DeFi project.
This ground-breaking model encourages trade as well as earning rewards. Meanwhile, Pullix intends to provide 0% commissions in order to do away with expensive trading costs. Token exchanges will be possible at a low cost because of its Pullix Swap feature.
In addition, a burning mechanism will be put in place to guarantee the PLX token’s worth and scarcity. Pullix’s crypto ICO has attracted the attention of cryptocurrency investors with its 150% return to early backers. That comes after the project’s remarkable ascent from $0.04 in the first stage to $0.1 in the seventh.
Pullix is very close to $5 million in investment, having raised over $4.7 million thus far. Analysts recommend that investors looking to gain 40x this year look into PLX as the top crypto ICO of the year.
Conclusion
With top altcoins like Cardano and Tron currently down in the dust, new projects like Pullix are carrying the crypto market. The platform’s revenue-sharing model has no equal and shows its commitment to building a community-driven ecosystem.
For more information regarding Pullix’s presale see the links below:
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Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
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