Experts Say Cardano (ADA) Is More Decentralized Than Polygon (MATIC) But Pullix (PLX) Could Overtake Both
In Brief
Find out why Pullix has the potential to surpass both Cardano and Polygon during the coming bull market.
According to recent reports, Cardano has been tagged as a more decentralized network than Polygon. While both coins are top players in the crypto space, a new DeFi coin, Pullix, is set to surpass the price trajectory of both projects. Analysts have predicted a 580% price surge for Pullix in the coming months. To know more about this project, keep reading.
Cardano (ADA) Rallies 35%
Cardano (ADA) is seen as a more decentralized platform than cryptocurrencies like Polygon. Its use of Voltaire CIP-1696 has aided in the improvement of on-chain governance inside the Cardano network.
Recently, the Cardano coin founder Charles Hoskinson suggested that Cardano was more decentralized than Bitcoin. In other news, the Cardano price has risen in the last week.
The Cardano price has risen 35.8% from $0.397228 to a 7-day high of $0.631526, according to CoinMarketCap. The technical indicators for Cardano are currently bullish. Cardano’s RSI is 87.69, indicating that the Cardano coin will rise in value. Cardano is expected to gain 4.33% to $0.577322.
Polygon (MATIC) Outflow To Exchanges Increase
Polygon (MATIC) has experienced a notable surge in inflows to exchanges, particularly on platforms like Binance and Coinbase. This movement was primarily driven by large whale transfers which affected the Polygon coin.
Data from crypto intelligence tracker spot on-chain, LayerX Capital, revealed that three wallets had deposited 12.53 million MATIC tokens to Binance and Coinbase on December 10th.
This transfer increased the supply of Polygon and led to high selling pressure. Meanwhile, the Polygon coin price is fluctuating between $0.789701 and $0.930923 on the weekly chart.
Can Pullix (PLX) Outshine Cardano (ADA) and Polygon (MATIC)?
Pullix (PLX) has introduced a new trading platform that solves the problems of crypto trading. The platform is designed to allow users to trade a wide range of assets, such as equities, commodities, and digital currencies, without the need for multiple accounts. Cryptocurrencies can be used as collateral for OTC derivatives trading without the need for KYC.
The project has also launched its own has its own native token, PLX, which is viewed as one of the best new crypto’s to invest in. The Pullix exchange and its “Trade-to-Earn” concept rely heavily on this cryptocurrency. This notion promotes platform users to buy, sell, and trade assets. The platform provides trading challenges in which users can participate and hone their skills.
Meeting precise trading volume targets or executing successful deals within set times are examples of these issues. Users can also generate a consistent passive income source. All they need to do is provide liquidity to the platform’s automated market makers.
This offers a huge investment opportunity for investors, making PLX the best crypto to invest in. Analysts have forecasted a 580% increase in $PLX value during the presale and a potential 100x increase upon the official launch. Besides, Pullix is planning to launch the platform in January 2024. So join in now for only $0.042.
Conclusion
While Polygon and Cardano have long been in the game, the new DeFi coin, Pullix, offers more potential. Its connection to the OTC derivative markets will increase the adoption, usage, and price of PLX in the long run. According to the Bank Of International Settlement (BIS), the total value of outstanding global OTC derivatives reached $618.0 trillion as of December 2022.
For more information regarding Pullix’s presale see links below:
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
