IoTeX, BTC, Solana Prices Soar on Launch of Hybrid DeFi Exchange Pullix


IoTeX (IOTX), the native token of the IoTeX network, a decentralized platform facilitating machine-to-machine interactions, has experienced a remarkable surge in the past few weeks. The token has gained 109.27% in the last month to trade at $0.05255 and 162.93% higher over the past year. This can be attributed to the platform’s increased activity and adoption, exemplified by processing over 1 million transactions in a single day on December 19th.

Meanwhile, Bitcoin (BTC), the pioneering cryptocurrency, hit a daily high of $44,075.15 for the first time in over a year. While the asset experienced some retracement, the overall trajectory remains positive buoyed by the high anticipations of a spot Bitcoin ETF approval by January 10 and the upcoming Bitcoin halving event.

Solana, a high-performance blockchain platform, has outshone other larger-cap altcoins, reaching a 19-month peak above $102. The SOL token price has surged by 765.76% in the past year and surpassed XRP as the fifth-largest cryptocurrency.

In the midst of the crypto market surge towards 2024, Pullix, a new hybrid DeFi exchange, is making waves with its PLX token presale. The presale has seen substantial interest, raising $1,387,783 with 85.4% of tokens already sold. The platform introduces innovative features such as a “Trade-to-Earn” model, which offers benefits such as passive income through staking, trading fee discounts of up to 60%, and exclusive rewards.

As with any investment, investors must conduct thorough research of Pullix, considering the risks and rewards involved especially with the highly volatile cryptocurrency market. Kaiko Research stated that “Bitcoin is set to close the year as one of the best-performing assets, up more than 160% and outperforming all major traditional assets even in risk-adjusted terms.” This could be a good indicator for other cryptocurrencies, such as Pullix.

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