Emerging Alt-Coin Built On Revenue Sharing Set To Rival Bitcoin (BTC) And Bonk (BONK)
In Brief
Crypto markets are full of surprises. Recently, Bonk took a dip while a new emerging alt-coin surged.
Crypto markets are full of surprises. Recently, Bonk took a dip while a new emerging alt-coin surged. Is it going to threaten Bitcoin’s dominance? How soon can it take over Bonk’s market cap?
BONK Takes a Dip After a Huge Surge, Will it Continue to Grow?
Despite its listing on both Binance and Coinbase, Bonk has dipped. After a week’s growth of 62.75% following the Coinbase listing, Bonk has taken a 12.66% dip today. However, technical analysis still shows buy signals.
Moving averages and oscillators show a strong buy signal in the 1-month timeframe. Bonk’s moving averages for the 1-day time frame still show a strong buy while the oscillators are neutral. Although Bonk has taken a dip today, its future seems bright.
Interestingly, following the Bonk craze, Solana Saga phones, which came with airdropped Bonk, are being sold for ten times the price on eBay. Bonk’s traction doesn’t seem to be dwindling even after a 570% growth in one month and an amazing 17420% in one year.
Even though the progress is in a stall, it seems like it’s not the right time to write Bonk off for further growth.
Bitcoin Set to Grow With the Coming Bitcoin Halving
Bitcoin’s price has been much more stable recently. Today’s dip is 1.23%, while the week’s growth is 0.47%. Last month marked a steady 13.33% increase following Binance’s $4 billion plea deal. As the biggest crypto exchange settles with prosecutors, there’s hope for further growth.
As regulatory agencies allow exchanges to proceed with their dealings regularly, more opportunities open up for institutional growth. The legality of the exchange’s business dealings is paramount for further expansion.
Another reason to expect Bitcoin to continue growing is the upcoming Bitcoin halving. In April, Bitcoin’s block reward is going to be halved. This effectively cuts the inflationary rate of Bitcoin by 50%, reducing miner’s selling pressure in the market by half.
Since miners usually have to sell their mined Bitcoin to pay for huge electricity bills, every Bitcoin halving so far has pushed Bitcoin in an upward trajectory. That’s one reason to think bulls have an upper hand over the bears.
Pullix Set to x100 at the Launch Date
An emerging alt-coin based on a revenue-sharing protocol is set to go up 580% during the presale and an x100 at the launch date. Bonk and Bitcoin have stagnated today; however, Pullix has not. We’re seeing over 2 million Pullix sold, bringing the presale closer to an early end.
Pullix is a hybrid system that mixes the benefits of CEXs and DEXs, getting the best of both worlds. With growing interest in the crypto world, traders need advanced trading tools like Binance, Kraken, and others offer. However, many of them are afraid of the funds not being SAFU.
Centralized exchanges need you to trust them if you want to use them since you do not own the private keys from the coins you trade with. Because of this fact, DEXs have become more popular, but they lack any trading benefit – at all. DEXs don’t have any advanced tools for you to trade with other than the primitive buy and sell functions.
Pullix has crossed this bridge and brought advanced trading tools on a DEX. This fact alone has brought enormous interest in the token and made analysts believe it will rival not only Bonk but Bitcoin itself. Analysts predict an x100 at the launch date, which will make it cross Bonk’s market cap and bring down Bitcoin’s dominance.
For more information regarding Pullix’s presale see links below:
Disclaimer
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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.
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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.
