Litecoin (LTC) recently experienced a surge in new network addresses, with a substantial increase of 1.2 million created within a single day. Pullix (PLX) also reached a major milestone, as its crypto ICO resulted in $2 million raised so far. Both projects are bullish, and we will now go over each one to see how far they can rise and to see which is the best cryptocurrency to invest in.
Litecoin (LTC) Gains Over 1 Million New Addresses
Litecoin (LTC) experienced a major surge in activity, where in mid-December, 1.2 million new addresses were created based on data from Glassnode . The surge aligns with a recent trend observed by IntoTheBlock, which showcased how Litecoin’s daily active addresses surpassed even those of Ethereum, the second-largest cryptocurrency by market capitalization.
On December 23, 2023, the official Litecoin X (Twitter) page announced that there are now over 12,000,000 Ordinals inscribed on the network. Ordinals are NFT-like transactions that gained traction across various blockchains. The Litecoin network also processed its 200 millionth transaction during the month, out of which 10 million were processed in the last two weeks.
Pullix (PLX) to Become Major Player in the TradFi Space
Pullix (PLX) is an upcoming platform in its crypto ICO phase that will bridge the gap found in decentralized and centralized exchanges by offering its users the best from both worlds.
These exchanges have faced liquidity problems, which have hindered the growth and adoption of their technologies. Pullix will offer a unique approach, as it will feature a secure, user-friendly platform that sets it apart in the DeFi space.
One of the distinctions that will separate it is its commitment to user-security. It will ensure that users retain custody of their assets while enjoying the security features of a centralized exchange.
Another exciting feature is the approach to liquidity provision. By incentivizing users to provide liquidity, Pullix can offer better liquidity and far more competitive prices compared to other platforms. This can attract more users and drive up the demand for PLX.
On top of this, it will offer institutional, liquid, and slippage-free trading to the DeFi community. The trades will be executed via the off-chain order book, resulting in a speed advantage.
The platform has partnered with institutional liquidity providers and will allow the community to stake other cryptocurrencies, such as ETH and BTC, to provide liquidity to the order book.
Users can margin trade across all asset classes and gain leverage up to 1000:1. All of this will be accessible without the need to undergo a KYC procedure.
Summary
While Litecoin is surging in activity, Pullix has seen exponential growth with the progression of its crypto ICO. The presale has raised over $2 million and PLX trades at $0.07 at Stage 5. At launch, it can see far more significant gains fueled by its ecosystem and rich feature set. These aspects make PLX the best cryptocurrency to invest in.
For more information regarding Pullix’s presale see links below:
