The cryptocurrency bull market is in full swing, with whales looking for the best crypto to invest in. While Tron (TRX) and Polygon (MATIC) were once the darling of crypto whales, they have failed to gain as much attention.
These altcoins have recorded a decreased interest from whales. Meanwhile, a new DeFi powerhouse has emerged, gaining the attention of crypto whales. Entering into the bull market, Pullix (PLX) has piqued interest, as it promises to transform the industry.
This article will discover why crypto whales have shifted their attention from Tron and Polygon to the rapidly growing Pullix.
Tron (TRX) and Polygon (MATIC) Records Decreasing Crypto Whale Activity
For a long time, Tron and Polygon have been ranked as the best altcoins to buy. Whales have delighted in these projects because of their uniqueness. TRX was built on a delegated proof-of-stake (DPoS) blockchain that offers enhanced scalability compared to other networks.
However, Tron (TRX) has recorded a decline in whale activity. Recently, Binance recorded a $194 million withdrawal of TRX from the exchange. Following this, the altcoin was reportedly used by terrorists. As a result, many crypto whales have pulled out of the project.
On the other hand, Polygon’s multi-pronged approach made it very popular. However, MATIC has failed to mimic the impressive performance of the project. Year to date, the price of the altcoin has gained only 4%. In comparison, Bitcoin has gained more than 155% since the start of the year.
The slow performance of MATIC has left crypto whales unimpressed by Polygon. Once ranked as the best crypto to invest in, several whales have turned to other projects. One of the projects that has caught the attention of crypto whales is the new Pullix (PLX).
Why Are Crypto Whales Attracted To Pullix (PLX)?
Pullix (PLX) has seen an increase in whale activity because of its unique approach to decentralized finance (DeFi). The project has built a trading platform to bridge the gap between decentralized and centralized exchanges. Pullix has combined the best of both worlds into a hybrid DeFi platform.
Decentralized exchanges encountered liquidity issues even though they had been created to address the issues with centralized exchanges. Pullix has used institutional liquidity providers to tackle this issue.
To increase the platform’s liquidity, the exchange will also enable all of its users to deposit PLX tokens and build a pool. As a result, investors now have a fantastic opportunity to generate fixed passive income by lending liquidity.
In addition, PLX token ownership has advantages. Users can also receive immediate incentives for trading on the site and finishing trading challenges in addition to these benefits.
Pullix has wrapped this into an easy-to-use and user-friendly system, attracting more users. This has contributed to the growing interest in the platform. The PLX token trades at $0.04 in its initial crypto ICO stage.
Conclusion
Tron and Polygon have built a reputation as some of the best altcoins over the last few years. However, their poor performances in the previous few months have made whales turn to other alternatives, the top of which is Pullix.
Whales are starting to buy PLX tokens because of the project’s potential to improve the DeFi trade market. Analysts foresee a huge increase in the token’s value as a result of this increased interest. The PLX token is currently available for purchase during its early crypto ICO stage.
For more information about the Pullix presale visit details below:
Site: https://pullix.io/
Twitter: https://twitter.com/pullixmarkets
Telegram: https://t.me/pullixmarkets