The crypto market is no stranger to buzzworthy projects, bringing about a stir in the market. One upcoming project —Pullix (PLX), is making waves for good reasons. The revolutionary hybrid trading platform is vying for the altcoin spotlight, challenging the likes of Coinbase and Binance.
Publix (PLX) An Upcoming Top Altcoin
The hybrid exchange Pullix (PLX) one of the main features is revenue-sharing that is attracting investors because of its innovative solutions. After completing its presale and recently getting listed on various exchanges, Pullix is shaking the crypto arena, positioning itself as a potential competition for Binance and Coinbase.
The exchange platform harnesses the benefits of decentralized (DeFi) and Centralized (CeFi) while integrating online OTC trading elements. Unlike other popular exchanges, Pullix is creating a comprehensive trading experience where easy and faster transactions, as well as high-level liquidity are provided. More importantly, it would also ensure an easy system usage that is unique to DEX and CEX.
Interestingly, it will resolve these problems and also give ultimate control to users over their funds. Unlike Binance and Coinbase’s stringent KYC processes, Pullix allows users to quickly sign up with their email address and deposit crypto as collateral for trades. Moreover, it provides a range of offerings and services. They include stocks and commodities, ETFs, and forex trading, elevating the platform reach tapping into the trillion dollar market.
Impressively, the revenue-sharing factor of this platform makes it stand out among other traditional exchanges. Notably, Pullix plans to share with its users a portion of its revenue. PLX token holders may also enjoy exclusive features, including governance rights and opportunities for promotional rewards.. With all the unique approaches, analysts foresee Pullix reaching $10 and becoming part of the top 20 altcoins list.
Coinbase Price Rallies on Bitcoin Bull Market
The recent bullish momentum has triggered a demand for crypto related platforms like Coinbase (COIN), enjoying increased interest.
Coinbase shares are recording highs, reflecting its proxy for overall crypto market performance. The leading crypto exchange in the US is hovering around the 61.8% Fibonacci retracement and targets the 78.6% retracement level at $343. The support on the weekly price charts has seen a 50% retracement level at $230.
Binance Coin Maintain its Upward Trend
Binance coin has experienced a prolonged upward trend. Its price charts indicate that BNB is gearing for new highs as various metrics point to Binance remaining a top contender in the crypto space. BNB’s price is heating up after a slight correction that registered a 16% loss in value.
However, the price of BNB gained more ground, trading at a low of $500 on March 20 to an intra-day high of $539. Currently, the price of BNB is hovering around $569, which has been up by over 5% over the past week, according to CoinMarketCap data.
Will Pullix Challenge Popular Exchanges Coinbase and Binance?
Unlike the revenue model of Coinbase and Binance, where more profits remain with the exchanges or are distributed among private investors, Pullix is sharing these financial rewards with its users. This unique feature could set new standards for crypto exchanges and prompt greater participation in the DeFi space.
