A New Alt-Coin Focusing on Revenue Sharing Aims to Compete with Bitcoin (BTC) and Bonk (BONK)
In Brief
The crypto market is always full of unexpected changes. Just recently, Bonk saw a drop in value while a new alt-coin started to rise.
The crypto scene is ever-changing. Bonk saw its value drop, while a new competitor has gained traction. What does this mean for Bitcoin's market share? Is there potential for this new coin to surpass Bonk?
BONK Experiences a Drop After a Major Surge; Will It Maintain Its Growth Trajectory?
Despite being listed on major exchanges like Binance and Coinbase, Bonk has experienced a decline. After a staggering 62.75% increase following its Coinbase debut, Bonk has taken a 12.66% dip today. However, technical analysis still shows buy signals.
Technical indicators reveal a strong buy signal on the one-month chart. For the one-day duration, Bonk's moving averages suggest a strong buy as well, although oscillators are currently neutral. Although Bonk took a hit today, the outlook remains promising.
Interestingly, after the Bonk frenzy, Solana Saga phones bundled with airdropped Bonk tokens are being resold on eBay for prices up to ten times their original value. Bonk’s Even with a stunning 570% increase over the past month and an eye-popping 17,420% annually, traction for Bonk does not seem to be waning.
While progress appears to be stagnating, this might not be the ideal moment to count Bonk out for potential further growth.
Bitcoin Poised for Growth Ahead of the Anticipated Bitcoin Halving
Bitcoin’s Bitcoin's price has shown more stability of late. Today's dip is only 1.23%, contrasting with a 0.47% increase over the past week. Last month, the value climbed steadily by 13.33%. Binance’s $4 billion plea dea As the leading crypto exchange works towards a settlement with regulators, there’s optimism for future growth.
As regulatory bodies grant exchanges the green light to continue operations, new opportunities for institutional growth begin to emerge. The legitimacy of an exchange’s business practices is crucial for further expansion.
Another factor contributing to expectations of Bitcoin's growth is the forthcoming halving event. Bitcoin halving In April, the reward for mining Bitcoin will undergo a halving, decreasing its inflation rate by 50% and lessening miners' selling pressure by the same margin. Bitcoin Typically, miners are forced to sell a portion of their Bitcoin to cover electricity expenses. Historically, every halving has driven Bitcoin's price up, which supports the idea that bullish trends are prevailing over bearish ones.
A new alt-coin designed around a revenue-sharing model is projected to soar by 580% during the presale and potentially a staggering x100 at launch. While Bonk and Bitcoin have stalled, Pullix has seen tremendous activity, with over 2 million pulled, edging the presale to a close.
Pullix Set to x100 at the Launch Date
Pullix is a hybrid platform that combines the advantages of centralized exchanges (CEX) and decentralized exchanges (DEX), offering the benefits of both. As interest in crypto solutions grows, traders increasingly require sophisticated tools typically available on platforms like Binance and Kraken, yet many hesitate due to security concerns regarding fund safety.
Centralized exchanges require trust from their users as they do not provide direct ownership of the private keys of the coins traded. This limitation has shifted interest toward DEXs, although they lack advanced trading functionalities beyond basic buy and sell options.
Pullix has successfully addressed this gap, introducing advanced trading features within a DEX framework. This innovative approach has sparked significant interest in the token, leading analysts to believe that it could rival both Bonk and Bitcoin. Predictions suggest a remarkable x100 at launch, potentially allowing it to outpace Bonk's market capitalization and challenge Bitcoin’s lead.
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For additional details about Pullix’s presale, please refer to the links provided below: Airdrops Calendar .
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Disclaimer
In line with the Trust Project guidelines Gregory, a digital nomad from Poland, balances his work as a financial analyst with contributions to various online publications. Armed with extensive experience in the financial sector, he has garnered attention in numerous articles. In his spare time, Gregory is focused on completing a book about cryptocurrency and blockchain technology.
