Day: December 29, 2023

PancakeSwap community approves proposal to cut CAKE supply by 300M

The PancakeSwap community has approved the proposal to remove 300 million CAKE from the project’s maximum supply.
The proposal passed with nearly 98% of votes in favour.
CAKE price was sharply down in the past 24 hours, hovering near $3.46 and down 9.5%.

PancakeSwap proposal seeking to reduce the decentralized exchange token supply from 750 million to 450 million CAKE has passed. The vote on the proposal opened on Thursday, December 28 and closed today, Friday, December 29.

According to details on the voting page, 97.88% of the total votes passed the proposal, paving way for the official reduction of the maximum supply for CAKE to 450 million. Currently, details across the market’s leading aggregators CoinGecko and CoinMarketCap show the total supply as 386,192,564 and maximum supply as 450 million.

By reducing our token supply by 300,000,000 $CAKE, we signify PancakeSwap’s successful shift from a high-inflation emissions model to the Ultrasound CAKE era,” the PancakeSwap team noted.

The move to cut CAKE’s maximum supply adds to the overall revamp PancakeSwap has taken across its tokenomics, emissions and growth strategy.

Starting from improving CAKE Tokenomics v2.5 to most recently launching the veCAKE Gauges System, CAKE is in a position to pursue further growth across all deployments,” the proposal read.

CAKE price falls sharply

The price of CAKE has declined sharply in the past 24 hours, with the dip coming after the proposal passed. 

CAKE traded around $3.46 per token at 12.40 pm ET on Friday, down 9.5% in the past 24 hours. While it remains in the green over the past week and month, CAKE has cut recent gains to 37% and 56% over the two time frames respectively.

CAKE reached highs of $4.68 in February and remains significantly off from its all-time peak near $44 reached in April 2021.

Today’s decline for the altcoin came as the broader market cap fell 1.7% and Bitcoin (BTC) slipped below $42k. 

Most of the top altcoins were also down at the time of writing. However, with crypto largely in bullish territory, fresh buy CAKE momentum could see the token’s value retest higher resistance levels.

The post PancakeSwap community approves proposal to cut CAKE supply by 300M appeared first on CoinJournal.

Hut 8 to manage mining operations for Celsius’s newly-created MiningCo

Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract.
The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.
The announcement follows the US bankruptcy court’s approval of Celsius Network’s reorganization plan.

Hut 8 Corp, a digital asset miner headquartered in Miami, Florida, will manage the mining operations of MiningCo, a newly created mining company approved by the US Bankruptcy Court for the Southern District of New York in view of the Celsius Network LLC reorganization plan.

The plan allows Celsius to transfer its mining operations to MiningCo. It’s part of Celsius Network’s bankruptcy proceedings.

Hut 8 to provide managed services under 4-year contract

As CoinJournal reported, US bankruptcy judge Martin Glenn approved the restructuring plan that allows Celsius Network to pivot its operations fully to Bitcoin mining.

In its announcement today, Hut 8 said the court’s approval of the reorganization plan the company had sponsored allows it to manage operations for MiningCo at five sites. Hut 8 will also oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.

This just in 📰➡️ our reorganization plan filed in the Celsius Network LLC bankruptcy proceedings was approved. This means providing end-to-end managed services for five sites in Texas, overseeing ~12 EH/s computing capacity (122,000 miners) and more than 300 MW of energy.

Read…

— Hut 8 (@Hut8Mining) December 29, 2023

As granted by the court, Hut 8 will manage MiningCo’s mining operations under a four-year managed services contract.

Commenting on the approval, Hut 8 president Asher Genoot said:

The mining plan that was presented to the creditors and the courts is strong and sound, and we look forward to proceeding with construction imminently at the Cedarvale, Texas site, and managing four additional sites once the process closes in the first quarter of 2024.”

Hut 8 will use the opportunity to grow its managed services business. The company also hopes to help build equity for Celsius’ creditors through MiningCo, Genoot added.

Apart from the four Texas locations at Rebel, East Isle, Style and Garden City (cumulatively having 87 MW), Hut 8 will also manage services at Cedarvale, Texas, MiningCo’s fifth site. 

Celsius struck a mining deal with US Bitcoin Corp in August, and selected the company which recently combibed its business with Hut 8 as the provider of end-to-end development services at Cedarvale.

Hut 8 will thus oversee the site’s design and development, which when completed, will have roughly 66,000 miners and offer more than 215 MW of energy. 

The post Hut 8 to manage mining operations for Celsius’s newly-created MiningCo appeared first on CoinJournal.

Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities

Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws.
SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged fraud.
Jump Trading’s involvement adds complexity; the SEC insists Judge Rakoff, not a jury, decides securities status.

In a recent legal development, Federal Judge Jed Rakoff ruled in favour of the U.S. Securities and Exchange Commission (SEC) against Do Kwon and Terraform Labs. The judgment asserts that Terraform violated U.S. securities laws by selling unregistered securities, specifically LUNA and MIR tokens.

This decision sets the stage for a trial scheduled to commence on January 29, 2024, shedding light on alleged fraudulent activities and the involvement of the SEC.

LUNA and MIR tokens deemed securities

In the summary judgment, Federal Judge Jed Rakoff sided with the SEC in the case against Do Kwon and Terraform Labs. The ruling established that Terraform failed to register LUNA and MIR tokens as securities, concluding that the company violated U.S. securities laws. This aligns with the SEC’s stance that cryptocurrencies, including LUNA and MIR, should be classified as securities, subject to the agency’s regulation.

Judge Rakoff’s decision restricts the SEC’s regulatory authority to LUNA and MIR, marking a significant point in the ongoing legal battle. The charges stem from the collapse of Terra’s UST stablecoin in 2022, with the SEC alleging that a fraudulent security offering raised $25 million.

Jump Trading’s role and SEC’s position

New evidence presented by Jump Crypto adds complexity to the case. Jump Crypto, believed to have manipulated TerraUSD, allegedly profited $1.28 billion. The SEC claims Terra loaned tokens to the U.S. trading firm Jump Crypto further entwining the lawsuit with market manipulation accusations.

In a noteworthy move, the SEC has requested that Judge Rakoff determine whether Terraform offered and sold unregistered securities, arguing against a jury decision. The agency contends that the classification of securities is a legal matter for the court, not a factual question for a jury.

While the civil trial progresses, Do Kwon remains in a Montenegro prison, after successfully appealing his extradition to the U.S. for criminal charges. As the legal saga unfolds, the trial’s outcome will have implications for classifying and regulating cryptocurrencies, particularly LUNA and MIR, in the ever-evolving landscape of financial markets.

The post Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities appeared first on CoinJournal.

Meme Moguls grabs investor attention as trader turns $62 into $2M with Solana meme coin

Meme Moguls (MGLS) has accelerated its presale as more participants bet on the new meme-based assets platform.
Increaased investment in MGLS comes as one trader reportedly turns 1 SOL ($62 at the time) into $2 million as they traded a Solana-based meme coin.
MGLS is priced at $0.0025 and in stage 3 of the presale.

In one spectacular moves in the crypto market, a savvy trader turned a modest $62 into a fortune as their bet on a Solana-based meme coin returned over $2 million. The trader’s jackpot isn’t isolated as more and more regular traders become adept at spotting gems across the market.

One of those likely to grab more attention as the crypto market flips bullish is Meme Moguls – a new token set to bring the benefits of trade-and-earn to the increasingly profitable meme coins sector.

Huge win as meme trader 1.5 SOL into $2 million

An on-chain analytics platform has alerted the crypto community to the exploits of one trader that managed to turn 1 Solana (SOL) into millions of dollars after trading a Solana-based meme coin.

According to details shared by Lookonchain on December 27, the trader had used 1 SOL (worth about $62 at the time) to buy Silly Dragon (SILLY).

The transaction, initiated five minutes after SILLY opened trading, was for 43.1 million SILLY tokens and in 22 days, they had seen their bet grow to over $2 million worth of the meme coin. After cashing out $528k, the trader held over 9.7 million of the meme token (worth about $1.5 million).

Can regular traders make such money on meme coins? Recent rallies for Bonk (BONK), Pepe (PEPE) and other tokens have returned staggering profits for many traders. 

Earlier this year, one PEPE trader reportedly made $1.02 million from a $250 investment, while another invested $4,410 and saw it return $1 million.

While major losses have also occurred in the crypto market, it could be argued that the chances of an opportunity of a lifetime are also there. Due diligence is critical and the initial investment doesn’t have to be all that one owns.

Meme Moguls: Play, trade and earn with meme coins

Meme Moguls is a new meme-based platform offering a stock market-style trading exchange. At its core, Meme Moguls is designed to offer earn opportunities to meme coin traders.

Powered by the ERC-20 token MGLS, Meme Moguls is an exchange whose ecosystem leverages an innovative play-to-earn game to give users the opportunity to earn from all the trending meme coins.

Whether it’s Dogecoin, Shiba Inu, Bonk or other meme coin making waves in the market, traders will have a chance to put their trading skills to test as they earn MGLS. The combination of gaming, trading and meme power, with no buy or sell tax, could be a game-changer. 

This might see Meme Moguls trending as one of the best play-to-earn platforms to add to the tag of being one of the hottest presale projects today.

Meme Moguls presale

As noted above, Meme Moguls is currently in stage 3 of its presale. Its potential to redefine meme coin trading via P2E gaming has seen over $1.1 million raised as of December 29. 

This phase of the roadmap offers crypto enthusiasts a chance to be early birds ahead of its official launch in 2024. 60% of the total 3 billion token supply is available during the presale.

With MGLS as the governance and in-game currency for the ecosystem, its importance means it could become increasingly valuable to holders.

According to details on the presale page, the early offer has MGLS priced at just $0.0025, making this potentially a great entry point. Analysts are also tipping this token for a possible 100x move when Meme Moguls goes live.

The post Meme Moguls grabs investor attention as trader turns $62 into $2M with Solana meme coin appeared first on CoinJournal.

Top Staking Coins for 2024 — $ADA, $MATIC, $NEAR, $SOL, $GFOX

Welcome to the fast-paced world of cryptocurrency, where the landscape is constantly evolving and new opportunities arise at every turn. In this dynamic space, strategic investors are always on the lookout for the next big thing. Today, let’s look into the top staking coins for 2024, exploring the potential of $ADA, $MATIC, $NEAR, and $SOL. 

We’ll also explore the buzz around one of the best upcoming ICO and a rising star, Galaxy Fox, as it approaches a remarkable milestone of $2 million in its presale!

Galaxy Fox: A Memecoin Phenomenon

One of the best upcoming ICO for many investors, Galaxy Fox has emerged as a breath of fresh air. Boasting a unique blend of gaming, DeFi, staking, and NFTs, this crypto sets itself apart from traditional meme coins. 

Its Web3 runner game adds an interactive dimension, offering rewards to top players and creating an engaging platform for both gamers and investors alike. Its staking program allows investors to earn passive income, enjoying a share proportional to their holdings. Rewards for stakers are funded by 2% of every transaction’s total value, which means these can increase as the ecosystem grows.

In a noteworthy achievement, Galaxy Fox has reached a milestone of $1.5 million in its presale, and is nearing its $2 million goal. It’s currently at Stage 6, with $GFOX priced at $0.001749. With over 1.9 billion tokens in the hands of early investors, the momentum is undeniable. 

The next stage, with a token price of $0.00198, promises even more excitement. This hyper-deflationary memecoin aggressively reduces its supply through burning mechanisms, enhancing its intrinsic value and attractiveness to investors.

$ADA: Staking Simplified for Cardano Enthusiasts

Cardano ($ADA) stands tall in the crypto arena, offering investors the chance to earn passive income while contributing to the security of its network. With a market cap exceeding $20 billion, $ADA has secured its spot among the top 10 cryptocurrencies. 

What sets Cardano apart is its user-friendly approach to staking, allowing investors to engage directly through non-custodial wallets like Daedalus and Yoroi. This ensures simplicity and security, a winning combination for savvy stakers.

$MATIC: Scaling to New Heights with Polygon

Polygon ($MATIC) is an open-source blockchain solution built on Ethereum that’s among the best cheap crypto to buy right now. 

As the native token settling transactions and securing the platform, $MATIC has witnessed remarkable growth. With a total supply of 10 billion tokens, 12% of which funds staking rewards, investors are drawn to the sustainability and environmental friendliness of Polygon’s proof-of-stake consensus. The estimated APR for staking Polygon is an impressive 13.90%, offering a compelling case for stakers in 2024.

$NEAR: Revolutionizing Blockchain with NEAR Protocol

NEAR Protocol ($NEAR) introduces a revolutionary approach to blockchain, addressing scalability concerns through innovative solutions. 

A delegated-proof-of-stake (DPoS) blockchain, NEAR employs “Doomslug” and “Nightshade” for block generation and sharding, achieving over 100,000 transactions per second. With low transaction fees and easily readable account names, NEAR presents an enticing staking option for investors looking beyond traditional blockchain limitations.

$SOL: Solana Shines Bright as a Top Staking Contender

Solana ($SOL), with a market cap surpassing $46 billion, secures its position as a top 10 cryptocurrency and a popular choice for staking in 2024. 

Investors can stake $SOL by running a node, delegating, or using staking protocols. Since running a node demands technical expertise, many investors opt for delegation to enjoy the benefits without the complexities. 

Solana’s unique offerings make it a compelling choice for those seeking a stake in the crypto future. This highlights Solana as one of the top crypto to buy and stake for the long term.

Conclusion: Join the Galaxy Fox Revolution

As you explore the landscape of top staking coins for 2024, Galaxy Fox emerges as a promising force in the crypto space. With a unique blend of features, a catchy design, and a community-driven approach, this best upcoming ICO is setting the stage for a memorable journey. Don’t miss out on the action – visit the Galaxy Fox website and join the community on Telegram. The future of crypto is here, and Galaxy Fox invites you to be part of the revolution!

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

The post Top Staking Coins for 2024 — $ADA, $MATIC, $NEAR, $SOL, $GFOX appeared first on CoinJournal.

MemeAlert! CorgiAI Flips Pepe, As $GFOX Closes in on $2 Million

CorgiAI ($CORGIAI) is one of the fastest-growing meme coins in the market. Based on the Cronos blockchain, CorgiAI has been on a spectacular tear throughout the year, even surpassing well-known memecoins Floki and Pepe the Frog. But CorgiAI isn’t the only recent entry into the world of best meme coins to buy. $GFOX also burst onto the scene as of late, bringing competition to some of the biggest players.

Read on to find out about $CORGIAI’s rise and $GFOX’s skyrocketing presale.

>>BUY $GFOX TOKENS<<

$CORGIAI Flips $PEPE

CorgiAI is a groundbreaking cryptocurrency project that harnesses the power of AI to create and interact with the community by using a GPT-style communication system. It’s basically a meme coin with a mind of its own that takes the job of marketing and community-building into its own hands.

At the core of Corgi AI’s strategic framework lies a steadfast commitment to community development, coupled with the promotion of cutting-edge AI technologies geared towards revolutionizing the way communities are formed in the crypto sphere.

Recently, $CORGIAI has been gaining recognition as one of the best meme coins to buy. Since its launch in May 2023, $CORGIAI has been on a rally, gaining over 829% by the time of writing. On monthly charts, $CORGIAI has gained an impressive 128%, while weekly charts show a surge of 63%.

As a result of its spectacular rally, $CORGI AI has amassed a market capitalization of $778 million, surpassing $FLOKI and $PEPE to rank as the #93 crypto on CoinMarketCap. 

According to predictions made by crypto market analysts, $CORGIAI is likely to continue on its recent trend, surpassing some of the best meme coins to buy like $ PEPE which has lost over 26% of its value in the past week.

$GFOX Presale Is Almost at the $2 Million Mark

As $CORGIAI continues on its rally, another meme coin, $GFOX, has been causing waves with its fast-selling presale. $GFOX, the native coin of the Galaxy Fox ecosystem, has been making a name for itself as one of the top alt coins to watch in 2024 as investors rush to acquire the coin. 

The $GFOX presale, which is now in its 5th stage, has raised over $1.6 million and is expected to hit the $2 million mark in early 2024.

However, a fast-selling presale isn’t the only thing going for $GFOX. The coin is gaining recognition as the best cheap crypto to buy with high growth potential. From its presale to later on $GFOX is designed to give its investors the highest return on their investment. The presale is set up to ensure that the earlier an investor gets in, the higher the ROI they get by the end of the presale. This leaves stage 1 presale investors with a potential 450% return on their investment.

After the presale, the $GFOX ecosystem is set up to keep rewarding loyal investors through staking rewards. Once a $GFOX holder stakes their coins, they are automatically entitled to a proportionate reward from the $GFOX Stargate. The Stargate collects 2% of every $GFOX transaction, creating a large pool of funds that ensures loyal investors are rewarded.

Additionally, $GFOX will also reward investors who participate in its P2E game. This web 3-runner game is designed to reward the top 20% of players on the leaderboard with in-game currencies that they can exchange for $GFOX. This feature will allow investors to unwind with a fun game, while also making an extra income, hence enhancing $GFOX’s standing as one of the best meme coins to buy.

But that is not all, the $GFOX ecosystem also has a token burn mechanism that will periodically burn part of the $GFOX tokens in circulation. This mechanism is designed to ensure that the total supply of $GFOX is always lower than the demand, hence enhancing the inherent value of the token.

>>BUY $GFOX TOKENS<<

Final Word

Staking rewards, gaming rewards, and the token burn feature are all great features that help make $GFOX one of the best meme coins to buy. However, $GFOX has several other features that make it an appealing investment option. In addition, the price predictions show that $GFOX is likely to hit 100x in the months following its launch, surpassing coins like $PEPE and $CORGI AI in the process.

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

The post MemeAlert! CorgiAI Flips Pepe, As $GFOX Closes in on $2 Million appeared first on CoinJournal.

Monero, Zcash, Memeinator price prediction ahead of Bitcoin ETF approval

Bitcoin is above $42k as bullish sentiment around spot Bitcoin ETFs increases. 
Will the outlook for BTC and top altcoins be replicated by privacy coins Monero and Zcash? 
Could Memeinator outperform the two coins?

Monero (XMR) and Zcash (ZEC) have lagged other top altcoins over the past several months, with XMR and ZEC up just 3% and 2% respectively over the last 30 days. The tokens were also trading lower on December 29 after a major exchange announced it will delist spot pairs for these privacy coins.

Despite this, could the overall bullish sentiment across crypto ahead of a spot Bitcoin ETF approval by the SEC lift Monero and Zcash? Is the impending nod also a bullish catalyst for Memeinator (MMTR)? Here’s an outlook for each.

Crypto outlook as market awaits spot Bitcoin ETF approval

While the SEC has approved multiple futures and spot Bitcoin ETFs are already listed in other markets, its still a waiting game in the United States.

Sentiment and anticipation are however at a new peak heading into 2024. This is because the US securities regulator has held several meetings with applicants, including BlackRock, ARK 21Shares and Grayscale over the spot ETF filings.

The anticipation is that the first batch of spot Bitcoin ETF approvals will come before January 10, 2024 – the deadline for the final decision on the ARK 21Shares proposal. With just days to the expected approval and further catalysts for crypto aligning, Bitcoin (BTC) price is finely poised above $42k.

Analysts say the potential nod for the US market’s first spot Bitcoin ETF could be the trigger for massive demand pressure for BTC. Prices across the sector could benefit from the overall sentiment to trade higher.

Monero (XMR) price prediction

Monero and Zcash are the two top privacy-focused cryptocurrencies in the market. On Friday, crypto exchange OKX announced it will be delisting spot trading pairs for XMR and ZEC among other privacy coins.

In the market, Monero (XMR) has seen an uptrend of sorts since September. However, its performance over the past month has largely been ranged as bulls fail to break above year-to-date highs of $186. Currently at $172, XMR might have to reclaim the YTD high area as support to build momentum for a run above $200.  

Zcash (ZEC) price prediction

Zcash (ZEC) recently saw its creator and founder of the Electric Coin Co. Zooko Wilcox step down as the company’s CEO. Like Monero, it also will be delisted from OKX in January 2024.

The price of ZEC has declined by about 9% in the past 24 hours. According to data from CoinGecko, Zcash price is down 22% over the past year. Currently at just under $30, ZEC/USD is 99% off its all-time high above $3,191 reached in October 2016.

The short-term outlook for Zcash is thus likely to continue on a bearish trajectory – most likely amid further scrutiny from regulators. However, should the ZEC price cross above $45, bullish momentum could see it target the $100 area. The next major targets would be $200 and the last bull market’s peak above $320.  

Memeinator (MMTR): A new token aimed at meme dominance

Memeinator (MMTR) is a new meme token looking to break into the top meme coin world by capturing a $1 billion market cap. The Memeinator’s goal is to overtake the weak and worthless meme tokens by offering its community real utility.

According to the AI-powered project’s whitepaper, the genuine utility will be via an innovative game, staking and unique NFTs. Integration with top dApps and offering access to DeFi opportunities also looks to be a recipe that could see Memeinator challenge top tokens like Shiba Inu, Bonk and Dogecoin.

The project is currently in presale and attracting huge attention, with over $2.5 million raised so far. At the current presale price of $0.0166, investors who enter before the next stage (11) will see this value jump by 65% when the token lists after stage 20 with MMTR priced at $0.0292.

MMTR price might rally hard from then, particularly with the broader bull market likely in full swing later in the year.

The post Monero, Zcash, Memeinator price prediction ahead of Bitcoin ETF approval appeared first on CoinJournal.

FTT price prediction amid FTX’s repayment proposal as new hybrid exchange emerges

FTX Exchange bankruptcy and customer claims turmoil.
FTT’s price rollercoaster: bullish momentum, bearish setbacks, technical signals.
Pullix emerges as a DeFi alternative: PLX token’s Trade-to-Earn model.

A recent court filing has revealed that FTX is seeking approval to repay customer claims in US dollars, sparking debates among creditors. Meanwhile, FTT’s unpredictable journey adds intrigue to the bankrupt crypto exchange.

Amid this chaos, a hybrid cryptocurrency exchange Pullix is attracting crypto enthusiasts with its ongoing PLX token presale.

FTX Token’s rollercoaster ride

The FTX Token (FTT) has embarked on a rollercoaster ride in recent months, characterized by volatility and uncertainty. After a brief consolidation phase, the token showcased resilience by breaking out of its range, resulting in a notable 60% surge. However, the bullish momentum faced a setback as the price encountered resistance at $6 and succumbed to a bearish influence.

FTX Token price chart 

Technical indicators, such as the Moving Average Convergence Divergence (MACD), depict ongoing price action, signalling a potential continuation of market fluctuations. The looming possibility of a Death Cross, as indicated by the Cross EMA 50/200 Day, and the resistance of FTX’s proposed repayment plan adds an element of caution for investors navigating the FTT landscape.

FTX bankruptcy drama unfolds: customer claims

Amid the FTT’s price turmoil, the FTX exchange is grappling with bankruptcy proceedings, prompting scrutiny from creditors. A recent court filing reveals FTX’s controversial proposal to appraise customer claims in US dollars, based on cryptocurrency prices as of the bankruptcy date, November 11, 2022. However, creditors argue that the proposed values significantly undervalue their digital assets, igniting a legal battle over the valuation of crypto claims.

The FTX 2.0 Coalition, representing a group of creditors, urges affected customers to contest the undervalued compensation plan. The court’s decision, anticipated by the January 11 deadline for filing objections, will significantly impact the course of FTX’s legal proceedings and set precedents for crypto-related bankruptcy cases.

FTX Token (FTT) price prediction

As FTX token holders navigate the uncertainties, analysts provide a glimpse into potential price scenarios for FTT as 2023 comes to an end. The technical analysis suggests that if bulls manage to push the price above the resistance level of $4.0396, FTT could target upper resistance levels at $4.5550 and $5. Conversely, a bearish scenario could see the price testing support levels at $3.4550 and $2.8934 if bears dominate the market.

The intricate dance between bulls and bears, coupled with the dynamics of technical indicators, sets the stage for a critical period in FTT’s price trajectory. Traders and investors keenly await developments that will shape the token’s future in the crypto market.

Pullix emerges as a decentralized trading alternative

Amidst the chaos surrounding FTX, Pullix emerges as a potential game-changer in the decentralized trading space. The platform’s unique approach aims to bridge the gap between centralized and decentralized exchanges, tackling liquidity issues that have hindered DeFi’s growth. Offering institutional, liquid, and slippage-free trading, Pullix distinguishes itself with a commitment to user security and a hybrid DeFi model.

The PLX token, Pullix’s native cryptocurrency, introduces a “Trade-to-Earn” concept, allowing users to earn instant rewards for trading and providing liquidity. Unlike traditional exchanges, PLX token holders benefit from a revenue-sharing mechanism, earning a fixed passive income by contributing to automated market makers. With an innovative approach to liquidity provision and a community-driven ethos, Pullix presents itself as a compelling alternative in the ever-evolving crypto landscape.

Conclusion

In the unfolding narrative of FTX’s financial woes, FTT’s price dynamics, and Pullix’s emergence, the crypto community is presented with a variety of investment opportunities. They can choose to follow FTT price prediction or dive into the new PLX token currently in the presale stage.

However, whichever opportunity they decide to grab, they must remain vigilant, navigating the intricate crypto landscape where volatility and innovation go hand in hand.

The post FTT price prediction amid FTX’s repayment proposal as new hybrid exchange emerges appeared first on CoinJournal.


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