Pullix, Polkadot, and Chainlink Propel DeFi Surge in Market Shift Away from Meme Coins

Dec. 21, 2023
Pullix, Polkadot, and Chainlink Propel DeFi Surge in Market Shift Away from Meme Coins

In the dynamic landscape of decentralized finance (DeFi), meme coins have waned off the bullish trend to pave the way for the emergence of substantive players like Polkadot, Chainlink, and Pullix. Noteworthy is Polkadot, which has shot into the green according to the data from CoinMarketCap, with a $7 trading value.

The token witnessed a robust 21.7% increase over the past week, marking a recovery for the DeFi sector. Despite a correction from its peak at $7.59, Polkadot has demonstrated a 35.2% price hike in the last 30 days, encountering resistance at $7.90.

Chainlink (LINK) entered the DeFi battleground and experienced a surge from $14.06 to a weekly 7-day high of $17.25. This represents modest 1% gains at the current price on the weekly chart and a 1.01% ascent over the last two months. Its latest collaboration with zkSync Era, an Ethereum L2 scaling solution, suggests the potential of further gains, up to $20 if the bullish run sustains.

Pullix (PLX) at the Helm as DeFi Surges in the Latest Price Rally

Pullix (PLX) entered the fray with an advantage in the DeFi realm directing the recent bullish uptrend. Functioning as the native coin of a vividly projected trading platform, Pullix ensures faster transactions and smaller fees. Additionally, it provides enhanced protection features for users.

Pullix seeks to address low liquidity issues in decentralized exchanges through using a hybrid, combining features of both centralized and decentralized exchanges. Pullix’s one-stop platform facilitates trades using assets from around the world. It targets users seeking an enhanced DeFi experience

The novel exchange model introduced by Pullix means that token holders benefit from daily platform earnings. Empowering provided liquidity to both automated market makers and coin staking is a key feature. This mechanism offers token holders a stable source of passive income.

Alongside Polkadot and Chainlink, Pullix is a notable DeFi coin with utility. As a result, the market is evolving toward assets that provide more than mere speculative value. More significantly, the Pullix token is valued at $0.042 per token. It utilizes staking, earning rewards, and certain feature access, offering users a multiple-role value proposition.

Related Reading | SEC Delays Decision On Ethereum ETFs, Invites Public Insight

Rida Fatima

News writer
An ardent wordsmith with a rich five-year background in delving into the realms of finance and cryptocurrencies. Alongside curating captivating blogs, Unique's talents extend to crafting imaginative and engaging content.

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