Investors often reminisce about missed opportunities, particularly with coins like Cardano(ADA) and Binance Coin (BNB) that soared by 100x in the 2020/21 bull run. Currently, in the last stages of its presale event, Pullix offers a fresh opportunity for investors to get in on the ground floor before it takes off. Let's take a closer look at why this project can potentially return 100x gains in 2024.
Cardano (ADA) Voltaire Upgrade: A New Hope for Governance and Growth
Cardano caused market FOMO in 2021 in the lead-up to its highly anticipated Alonzo fork, which brought smart contract functionalities to the blockchain. Those who entered the market at the best time saw gains of more than 10,000% as Cardano was poised to dethrone Ethereum.
However, the Alonzo fork became a sell-the-news event as Cardano prices plummeted in the days following the upgrade. While Cardano has yet to revisit the 2021 high of $3.00, Cardano is showing bullish signs as it has climbed more than 100% from $0.24 in October 2023 to $0.50 today.
Technical analysis shows that $0.80 is the major resistance line that must be broken before Cardano can make a run at its all-time high. One major catalyst that could help Cardano break through this resistance is the upcomingVoltaire upgrade, which will see governance voting introduced to the blockchain.
It is worth noting that Cardano now has a market cap of $17.80B, so 100x returns are no longer possible for most investors. That's why some early Cardano holders are jumping on the Pullixpresale opportunity to secure another 100x by picking up the discounted tokens before the official launch later this month.
Binance Coin (BNB): Past Peaks and Regulatory Challenges
The story is similar for Binance, which saw exponential growth in 2021 as the leading crypto exchange during a FOMO-driven bull run. The Binance Smart Chain (BSC) also launched in 2021, which kickstarted a DeFi craze as users could now perform low-cost token swaps and provide liquidity through BSC's PancakeSwap.
Binance reached an all-time high of $690 in May 2021, representing a gain of more than 1,625% from its price of under $40 just a few months earlier. While the price of Binance has since retraced to $300 today, the exchange is still the market leader with a market cap of $43.50B.
However, Binance's dominance could be under threat as regulators worldwide begin to crack down on the exchange's lack of compliance. Binance has faced regulatory action from the Department of Justice (DoJ), who have fined the exchange $4B and demanded Changpeng Zhao (CZ) step down as CEO.
The time to make life-changing gains on Binance has passed, but there is another emerging exchange that is predicted to see similar growth in 2024. Let's dive into the details of Pullix.
The Pullix Presale: Your Ticket to Next 100x Gains
Pullix is disrupting the trading industry by blending the best aspects of decentralized (DeFi) and centralized (CeFi) exchanges. The first-of-its-kind hybrid platform will offer users maximum security, liquidity, and accessibility.
No longer will traders have to choose between decentralized exchanges with low liquidity or centralized exchanges with security concerns. Pullix offers the best of both worlds, making it an attractive option for traders and investors alike.
Pullix enables KYC-free trading for its users. This means that traders can enjoy the benefits of decentralized trading without going through lengthy and cumbersome verification processes. All that is required to start trading on Pullix is an email address and some crypto collateral.
Unlike traditional exchanges, Pullix operates on a revenue-sharing model where users who hold PLX tokens will receive a share of the platform's profits. This incentivizes users to hold onto their tokens and creates a community of long-term supporters for the exchange.
The PLX token has pumped 150% to a current price of $0.10 as Pullix nears the end of the exciting presale event. Those who missed out on the huge Binance and Cardano runs have one last chance to get in on the ground floor with Pullix.
Analysts note that Pullix has the potential to outperform established giants like Binance and Coinbase due to its unique features and revenue-sharing model. With Binance soaring by over 100x when it first launched, the potential for similar growth on Pullix should not be overlooked.
For more information regarding Pullix’s presale see links below:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
