Precedents have shown that exchange tokens have been one of the most profitable crypto investments over the past five years. While exchange tokens like Binance Coin (BNB) are on the rise following a terrible day for crypto, there are notable exchange tokens that are showing promising potential of dethroning BNB in the crypto market.
With Cronos looking to have stagnated in price, the Pullix token is showing the potential of becoming one of the fastest-rising exchange cryptos of the near future. Find out more below.
The Pullix (PLX) token has always shown significant potential to become big in the crypto market. For context, PLX has achieved over $8 million so far. Also, the Pullix ecosystem has seen over 20,000 community members. Investors who joined early have gotten 900% ROI as the PLX price rallied from the $0.01 initial price to the $0.1 price point.
Notably, the Pullix token is projected to gain over 700% in the coming weeks, making it a viable investment alternative. With a market cap of over $200,000, Pullix has yet to reach its full potential. The platform is set for launch in the coming weeks as analysts project a massive rally.
Meanwhile, the PLX token is an exchange token of the Pullix network, a hybrid trade-to-earn platform that allows registered members to trade crypto, commodities, forex, indices, and more. With the imminent integration of live trading, Pullix’s growth could trump top exchanges like Binance in the future.
Binance as a platform has been one of the biggest centralized exchanges of the past decade. Its growth as a platform has rubbed off on the BNB native token, which has recorded a steady uptrend since the start of 2024.
For context, the price of the BNB token has gained over 52% in value since the year started. Also, stats from CoinMarketCap show that the BNB token has gained over 143% in a year-to-date price metric.
Notably, BNB’s market cap is ranked 4th on CoinMarketCap ranking with a valuation of over $69 billion, a massive 25% rise from the $47.39B recorded at the beginning of the year. Only Bitcoin, Ethereum, and USDT have more valuable market cap in the ranking. All these show how stable the BNB is. As such, the BNB price could surpass the ATH of $720 in the coming months.
Cronos (CRO), as the native token of the Cronos blockchain, has triggered a significant price rally over the past months. The Cronos price has lost up to 20% in price value in the YTD price metrics. While that the token is looking to establish a support level above the $0.1 price value.
However, the Cronos trading volume could form a barrier. Having hit $22M at some point in May, it has declined below $10M, a sign that investors’ confidence is low. Also, the Cronos token has dropped below the $0.13 it recorded in May as it struggles to hold onto the $0.1 mark.
A closer look at the Cronos price chart shows the coin is undergoing a correction, which is expected to usher in a rally. Since the turn of the year, Cronos’ market cap has maintained a value above $2 billion.
While Binance token and Cronos have seen significant uptrends, Pullix represents a viable investment option given its massive room for growth and a hybrid trade-to-earn exchange platform. These are features that neither Binance nor Cronos has on their platform.
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
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HO CHI MINH, Vietnam, 17th November 2024, Chainwire