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As Bitcoin and Ethereum face significant declines as they fall below key price thresholds, the new Pullix platform boasts a hybrid trading approach with promising prospects, emerging as a key option for investors looking for growth opportunities.
Bitcoin (BTC) has fallen in value over the past week, falling below the $70,000 level, and as a result, many are concerned that it could experience an even bigger crash. Ethereum (ETH) followed a similar pattern, falling towards the $3,500 support level after a 12% price decline.
However, those looking to buy the dip and take advantage of this opportunity can do so on the new Pullix (PLX) platform, which has a rich feature set that can leverage a hybrid approach and push the price higher.
Bitcoin moves below $70,000 again.
Bitcoin has had a worrying performance on the charts. In particular, the price of Bitcoin (USD) fell 9% to $66,784.
For reference, over the past week, Bitcoin’s value has fluctuated between a low of $61,494.44 and a high of $72,966.18, making it one of the cryptocurrencies with the highest growth this year. This setback has left many traders worried about Bitcoin’s future, but Bitcoin price predictions suggest it could rise to $103,335 by the end of the fourth quarter of 2024, suggesting a recovery is possible.
Ethereum falls 12%
Ethereum also showed a downward price trend on the charts, down 12% on the weekly chart and 7% on the two-week chart. Specifically, the price of Ethereum has ranged from $3,107.01 to a maximum of $3,969.30 during this week.
When everyone expected it to surpass $4,000, the Ethereum cryptocurrency went through a price correction phase and is currently trading at $3,531. However, there is still hope for the cryptocurrency to grow in the future, as Ethereum price predictions show it could end at $5,297 in 2024.
Pullix is ready to lead the way with a hybrid approach.
Pullix is a hybrid exchange platform that recently completed a cryptocurrency ICO period and experienced an official launch on March 21, 2024. This platform takes the best elements of CEX and DEX and combines them into a simplified platform with no KYC requirements. You can leverage this to get the most out of the market.
Users can trade cryptocurrencies such as BTC and ETH, and there is a dedicated revenue sharing model where PLX’s stakers can earn a portion of the daily profits. There are also token burning systems where supply decreases over time, increasing the scarcity and value of the cryptocurrency.
The platform also introduces a Trade-to-Earn element that allows anyone to make the most of their cryptocurrency balance. The cryptocurrency is already listed on BitMart, XT.com, Uniswap, CoinMarketCap, and CoinGecko, but will be listed on the MEXC exchange on April 2, 2024, making it the third major CEX listing in less than a month.
During the first three business days after launch, users can create a demo account and explore the different features available, as well as test their trading strategies. After this period, real-time trading and deposits will also become possible. The platform is expected to become a major force in the $40 trillion OTC derivatives market, with analysts predicting a 5,000% increase in price since launch.
conclusion
It’s clear that Bitcoin and Ethereum have experienced price fluctuations, but they could soon be on the road to recovery. Meanwhile, PLX has increased in value by 300%, with an initial price of $0.168 and currently trading at $0.6734. With a solid ROI so far for early investors, the hype for its future is huge and it is considered one of the best cryptocurrencies to invest in, which could lead to even bigger profits.
To find out more Please visit the Fullix homepage. Join the Pullix CommunityOr purchase through Bitmart.
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