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dYdX flips Uniswap as top DEX by volume; Pullix sees increased demand

Pullix (PLX) continues to attract trader attention as its presale surpasses $3.8 million. Meanwhile, dYdX (DYDX), the native token of Cosmos-based decentralized exchange (DEX) platform dYdX Chain, has surged in the past week. This comes as dYdX flips Uniswap (UNI) to become the largest DEX by daily trading volume. As the market growth pushes the…


  • Pullix (PLX) continues to attract trader attention as its presale surpasses $3.8 million.
  • Meanwhile, dYdX (DYDX), the native token of Cosmos-based decentralized exchange (DEX) platform dYdX Chain, has surged in the past week.
  • This comes as dYdX flips Uniswap (UNI) to become the largest DEX by daily trading volume.

As the market growth pushes the dYdX price higher, analysts say a new trading platform’s native token could be one of the best crypto to invest in today. This outlook comes as trader attention increasingly flips towards Pullix (PLX), a hybrid exchange project that’s currently in presale. 

Here’s a look at dYdX’s milestone. Also find out why Pullix could be one of the top investment opportunities in 2024.    

dYdX Chain: DYDX surges as volume flips Uniswap

dYdX (DYDX) currently sits top of the ranking as the largest decentralized exchange (DEX) by trading volume. This is after the Cosmos-based dYdX surpassed Uniswap with a massive 24-hour volume of $625 million compared to Uniswap’s $512 million.

According to CoinMarketCap data, the dYdX (v4) 24-hour volume accounted for nearly 12% of the market share, while Uniswap was seeing 9.7%. The milestone for dYdX (v4) comes after a remarkable year of growth for the trading platform.

Full trading on dYdX Chain launched in November 2023, and by the end of December, it had seen over $8 billion in volume. The dYdX Chain hit the $1 billion mark in 24-hour trading volume on January 12.

Pullix (PLX): The new hybrid exchange

Interest in Pullix (PLX) has increased as its presale accelerates towards the final stages. Early bird investors have seen the token sale raise over $3.8 million by stage 6 of the PLX offer.

The level of excitement around this project is likely to soar further as it nears its launch. However, as market experts have opined in recent months, new exchanges that combine and deliver the best of centralized and decentralized exchanges could be the future of DeFi.

Other than offering a non-custodial trading platform and incentivizing users to provide liquidity, Pullix provides for portfolio diversification perpetual futures, CFDs and crypto. With PLX, you can also earn from yield farming and staking, earning passive income as trade.

Users can also tap into the exchange’s hybrid model to leverage opportunities in the traditional markets, where FX alone accounts for a staggering $6.6 trillion in daily volume.

dYdX (DYDX) price outlook

The dYdX Chain uses the layer 1 token DYDX as its governance token. The protocol supports staking. As such, dXdY’s market share increase has coincided with a price surge for the DYDX token, which reached highs of $3.15 on Thursday.

In the past month, DYDX price has increased by nearly 15% and is up 32% since touching its all-time low of $2.30 on January 3, 2024. With the all-time high at $3.73, analysts say there’s room for DYDX to enter price discovery amid a broader market rally.

Can Pullix (PLX) be a good investment opportunity?

While dYdX could be one of the best DEX tokens to buy now, Pullix stands out as a hybrid exchange project, bringing the best of both centralized and decentralized exchanges to the trading community. The potential for PLX to gain amid market growth means the Pullix presale presents an opportunity.

Pullix’s native token will power its “Trade-to-Earn” ecosystem, giving holders an opportunity to earn passively from the exchange’s daily revenue.

Furthermore, the current PLX presale price in stage 6 is $0.08, up from $0.04 in the initial stage. With the interest in hybrid exchanges growing and Pullix targeting the revitalized DeFi ecosystem, post-launch prospects for PLX look great.

This, and the fact that the trading platform will burn 50% of the generated fees (in PLX), and offer 50% for staking rewards, makes for a tantalizing investment prospect.

Do you want to learn more about Pullix and its native token’s utility? Join the presale.


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Bitcoin

Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC

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Bitwise: Bitcoin Will Have ‘a Great Next 12 Months’

Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin. ‘I Think We’re Just Getting Started’ Bitwise Asset Management has reaffirmed its [……
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Bitbot’s presale frenzy grows as $1.1M is raised: Can $BITBOT claim a 100x gain?

Bitbot has generated FOMO due to its self-custodial features. The project runs a $100,000 airdrop with $1,000 rewards. $BITBOT carries a 100x potential amid presale frenzy and unique strengths. Crypto trading on Telegram bots gathered phase in 2023. This came after the launch of popular tokens such as Banana Gun and Unibot. Both saw unprecedented…


bitbot crypto trading bot website homepage
  • Bitbot has generated FOMO due to its self-custodial features.
  • The project runs a $100,000 airdrop with $1,000 rewards.
  • $BITBOT carries a 100x potential amid presale frenzy and unique strengths.

Crypto trading on Telegram bots gathered phase in 2023. This came after the launch of popular tokens such as Banana Gun and Unibot. Both saw unprecedented gains, cementing the status of Telegram bots as an unstoppable crypto phenomenon. Bitbot launches when this frenzy is still alive while guaranteeing added security advantages. This has created a frenzy for the token, with the presale raising more than $1.16 million through stage 6. Consequently, Bitbot has been labelled a 100x token amid its self-custodial features. Let’s investigate more about this token.

Bitbot generates FOMO: What is its unique value proposition?

The key to Bitbot’s popularity is intense speculation. This is the first Telegram trading bot project offering self-custodial features. But what does this mean?

Trading on Telegram trading bots has been beset with controversy. The exploits of leading projects such as Unibot and Banana Gun showed how less protected investors are. This has been caused by the fact that these projects are custodial. They hold users’ private keys and assets, exposing them to potential losses if their accounts are compromised.

With self-custodial features, Bitbot allows users complete control over their assets. Users control their private keys, meaning no one can steal their assets if the platforms are exploited. This is an advantage to users seeking greater control and peace of mind when trading on Telegram trading bots. 

Owing to the self-custodial features, Bitbot has generated a frenzy that the token could explode when listed. Similar price trends have been recorded in other Telegram trading bots launched earlier. As such, Bitbot’s superior strengths could fuel higher price movements and return more to investors.

In addition to being self-custodial, the project is attractive with its enhanced security mechanisms. The wallet is secured by KnightSafe security protocols for institutional-grade reinforcement. There are other safety enhancements, such as anti-rug features. 

The all-around protections have created an expectation that $BITBOT is a huge potential token. The frenzy is underlined by the rapid presale and token predictions, which are as high as 100x. 

Bitbot: Profitable token with up to $100K airdrops and 50% revenue shares

The number of followers on Bitbot’s socials has grown rapidly, thanks to profitable offers. An example is Twitter, which has over 114,000 followers. The attraction has been due to the profitable opportunities posted on the platforms. The notable one is the $100,000 airdrop that has attracted fans. 

The competition is open to all fans globally. Winners stand a chance to walk away with $1,000 worth of Bitbot tokens from a $100,000 prize pool.

The prelaunch offer is ongoing, with users needing to act on Bitbot to win odds. One just needs to participate in Bitbot, share about the project, subscribe to its mailing list, and more. Winners will be rewarded right before the project kicks off. 

Bitbot is also a source of long-term passive income generation. Token holders get a share of 50% of transaction fee revenue generated from the platform. Aside from enjoying seamless trading through an app, one grows their investment over time. The unique advantage over rivals makes Bitbot a very attractive trading platform. This generates value for the token, unlocking its future potential.

Can $BITBOT rise by 100x?

Telegram trading bots represent the future of trading, and statistics back this up. The sector has witnessed over $13.6 million in cumulative trading volumes. This is an advantage to the Bitbot token, debuting when a market frenzy unfolds. As such, the debut could be met with wild price movements.

Whether $BITBOT can rise 100x is speculative. However, rival tokens, which carry lesser superior features, have risen by approximately similar margins. As such, $BITBOT carries the potential to claim a 100x gain. A robust presale and speculation cement the token’s status as a potential big gainer.

To purchase $BITBOT while on presale, investors can visit the project’s website page.


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