The post In January 2024, expect a surge in the value of Binance Coin (BNB) and Pullix (PLX) appeared first on Coinpedia Fintech News
As we near the end of 2023, attention is already shifting towards the upcoming year, with various predictions circulating online for different cryptocurrency assets. Notably, Binance Coin and Pullix have emerged among the best cryptos to monitor.
According to several analysts and judging by the projects’ whitepapers, these crypto assets signal a potential price surge for many reasons, including their innovative USPs, redefined incentive mechanism, and diverse use cases. That said, let’s explore some advantages that these cryptocurrencies have over others and why a price surge could be imminent.
Binance Coin (BNB) Maintains Stability, Signals Potential for Price Surge Ahead of 2024
In the wake of the controversial exit of its former CEO, Changpeng Zhao, and the recent lawsuit that the SEC filed against Binance (BNB), the coin has faced a notably turbulent period in the past few weeks. However, the situation is taking a positive turn as investors regain confidence in Binance’s price, leading to a more stable market.
In the last 24 hours, the BNB price has demonstrated positive momentum, surging by more than 1% to stabilize around $231. In the same manner, the 24-hour trading volume, and market cap approximate values stand at $758 million and $35 billion, respectively.
Although it’s premature to declare the conclusion of the turbulent phase for BNB, technical analysis of the cryptocurrency suggests a potential price surge in the weeks leading up to the new year.
Moreover, considering the impressive recovery of altcoins in October and BNB’s alignment with that trend, the possibility of an upcoming surge cannot be dismissed despite crucial resistance ensuing from recent events. Regardless, with more investors regaining confidence in the crypto asset, a potential price surge may just be lurking around the corner.
Pullix ($PLX) Sets Out to Redefine the Landscape of Online Trading, Promises Traders Unprecedented Rewards and Benefits
Pullix ($PLX) will fill the gap between traditional Forex and crypto markets, thanks to its pioneering solution that seamlessly harnesses the benefits of DeFi with online OTC retail trading potential. Among its benefits, Pullix prioritizes security, offering a secure, encrypted infrastructure built on blockchain technology. This way, Pullix ensures that all interactions, trades, and transactions are encrypted, guaranteeing the protection of traders’ data and funds.
Incentive-wise, traders can significantly boost their revenue by accumulating $PLX through various yield generation methods, two of which include through staking of $PLX token and provision of liquidity. While these two present varying levels of profitability, staking offers unfixed incentives for investors, while liquidity providers benefit from an accumulated interest rate ranging from 8 to 18% per annum depending on the lock duration.
Another key benefit to look forward to here is the economic stability that comes with trading on this platform. For better context, a segment of the brokerages’ daily revenue will support the $PLX token, ensuring its stability and mitigating the risks associated with the usual volatility of cryptocurrencies, further positioning it as one of the best new cryptos to invest in.
Ultimately, Pullix is poised to revolutionize the landscape of trading. Meanwhile, the anticipation surrounding Pullix signifies the enthusiasm and potential for a revolutionary expedition in the realm of digital asset investments, and notably, a more gratifying future for early investors, so join now for only $0.04 before the price surges.
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