An emerging altcoin based on revenue sharing established with rivals Bitcoin (BTC) and Bonk (BONK)
Posted: December 26, 2023 7:00 AM Updated: December 24, 2023 7:11 AM
briefly
The cryptocurrency market is full of surprises. While emerging altcoins have soared recently, Bonk has been on a downward trend.
The cryptocurrency market is full of surprises. While emerging altcoins have soared recently, Bonk has been on a downward trend. Will it threaten Bitcoin’s dominance? How soon can you acquire Bonk’s market capitalization?
BONK showed a downward trend after a large surge. Can we continue to grow?
Despite being listed on both Binance and Coinbase, Bonk has been on the decline. After growing 62.75% in the week following its listing on Coinbase, Bonk is down 12.66% today. However, technical analysis still shows a buy signal.
The moving averages and oscillators show strong buy signals for one month. On a 1-day time frame, Bonk’s moving average is still showing a strong buying trend while the oscillator remains neutral. Bonk is down today, but the future looks bright.
Interestingly, after the Bonk craze, Solana Saga phones with Bonk airdropped are selling for 10 times the price on eBay. Bonk’s traction doesn’t seem to be slowing down after seeing impressive growth rates of 570% in one month and 17420% in one year.
Although progress is at a standstill, it may not be time to disparage Bonk in favor of further growth.
Bitcoin is set to grow with the upcoming Bitcoin halving
Bitcoin prices have been much more stable recently. Today’s decline is 1.23%, and this week’s growth is 0.47%. It has recorded a steady 13.33% increase since Binance’s $4 billion plea deal last month. There are hopes for further growth as the largest cryptocurrency exchange reaches a settlement with prosecutors.
As regulators allow exchanges to conduct trading on a regular basis, more opportunities for institutional growth open up. The legality of business transactions on the exchange is of utmost importance for further expansion.
Another reason to expect Bitcoin to continue growing is the upcoming Bitcoin halving. Bitcoin’s block reward is scheduled to be halved in April. This effectively reduces Bitcoin’s inflation rate by 50%, halving the selling pressure from miners in the market.
Every Bitcoin halving so far has put Bitcoin on an upward trajectory, as miners typically have to sell the Bitcoin they mine to pay exorbitant electricity bills. This is one reason why I think bulls have an advantage over bears.
Pullix set to x100 on release date
The emerging altcoin, based on a revenue-sharing protocol, is set to rise 580% during the pre-sale period and 100x on launch day. Bonk and Bitcoin are stagnant today. But Pullix didn’t. With over 2 million units of Pullix sold, pre-sale will end early.
Pullix is a hybrid system that blends the advantages of CEX and DEX to utilize the best of both worlds. As interest in the cryptocurrency world grows, traders need advanced trading tools provided by Binance, Kraken, and others. But many of them are afraid that the funds are not SAFU.
Centralized exchanges must be trusted to be used because they do not own the private keys of the coins they trade. These facts have made DEXs more popular, but they offer absolutely no trading advantages. DEXs do not have advanced tools for trading other than basic buying and selling functions.
Pullix has crossed this bridge and introduced advanced trading tools to DEX. This fact alone has generated tremendous interest in the token, leading analysts to believe that it will rival not only Bonk but also Bitcoin itself. analysts say 100 times On launch day, this will surpass Bonk’s market cap, breaking Bitcoin’s dominance.
For more information on Pullix’s pre-sale, see the link below.
Visit Fullix
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About the author
Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With his extensive experience in the financial industry, his insights and expertise have been recognized by numerous publications. Making effective use of his spare time, Gregory is currently devoted to writing books on cryptocurrency and blockchain.
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Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With his extensive experience in the financial industry, his insights and expertise have been recognized by numerous publications. Making effective use of his spare time, Gregory is currently devoted to writing books on cryptocurrency and blockchain.