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In the current crypto bull run, some decentralized finance (defi) tokens such as Solana (SOL), The Sandbox (SAND), and Pullix (PLX) have caught the eye of analysts, suggesting that they might be worth considering. While Solana and The Sandbox are well-established players, Pullix is drawing investors in its ongoing presale, which is currently in stage 2.
Solana rising
Solana has been on an uptrend after Sonarverse said it would support a complete on-chain data solution.
Following this news, SOL rose from $69 on Dec. 11 to $71 on Dec. 12.
Solana is also bullish from a technical analysis perspective. The coin is trading above the 50 and 100-day EMAs and has mostly trended higher in the last 30 days.
Experts said the coin might retest $79 by the close of 2023.
The Sandbox price prediction
After revealing the new Game Maker 0.9, interest in The Sandbox spiked.
This upgrade will bring new tools and more efficiency to content creators.
Following this, SAND prices rose from $0.44 on Dec. 7 to $0.50 on Dec. 12.
SAND technical analysis shows that the token has been bullish in the last month. Moreover, the Fear & Greed index is now at 67, pointing to greed.
When making their price predictions, prominent market analysts point to these factors as they forecast a surge to $0.56 for The Sandbox before the end of December 2023.
Investors watching Pullix
Pullix is a community-backed trading exchange. It aims to bridge the gap between decentralized and centralized exchanges. Offering the best of both worlds will address the liquidity concerns in defi.
Unlike traditional trading platforms like Binance or Coinbase, which focus solely on cryptos, Pullix will allow the trade of all asset classes in one place with 0% commission fees.
In the ongoing presale, over $62,800 has been raised. PLX provides exclusive access to certain listings and reduced trading fees on Pullix.
Moreover, Pullix hopes to give back to the community by allocating 30% of its daily revenue to PLX stakers. Those seeking more rewards can stake other cryptos with Pullix for a fixed interest rate.
In stage 2 of the presale, PLX is available for $0.042, up 5% from the initial listing price. In this investment round, the project has allocated 10 million PLX, with over 1.4 million already sold.
Summary
While the altcoin scene shows promise, Pullix has distinct advantages. Forex is a well-known market, and Baby Pips calls it one of the most resilient in the world. Secondly, Pullix has a market cap of $8 million, less than Solana’s $30 billion and The Sandbox’s $1 billion. This suggests that PLX may grow faster, considering its relatively lower market cap.
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