In December 2023, approximately $800 million worth of vested digital assets are set to be released into the markets. Among these, the decentralized exchange dYdX will unlock 150 million tokens. Sui (SUI), a Layer-1 blockchain, has demonstrated significant growth, breaking past the $0.60 price barrier and potentially reaching $1.10 by the end of 2024. ImmutableX (IMX), a Layer-2 scaling solution for NFTs built on Ethereum, has also seen a notable increase in trading volume, rising by 90%.
Pullix (PLX), on the other hand, has opened doors for an $8 million presale, offering its tokens at $0.04 during the initial stage. Pullix integrates online trading of cryptocurrencies with complete anonymity and security for its users. It also features a staking mechanism allowing users to stake PLX or other cryptocurrencies for passive income. 50% of the proceeds generated on the platform are burned, with the rest distributed as rewards to PLX stakers. If Pullix gains the expected adoption, a significant price upswing is anticipated, potentially increasing its value by 100 times.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
