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People across the globe believe that the crypto market will do good in 2024. Hence, they want to invest in cryptocurrencies that can give great returns on investments. In this regard, Pullix (PLX) has emerged as the best option. Its novel business plan guarantees 100X profit in the coming months. Meanwhile, Stellar (XLM) and Polygon (MATIC) have been losing value, and their investors are shifting to PLX.
Stellar’s (XLM) Development Activity Falls
Decoupling with the overall market trends, Stellar (XLM) has been moving downward on the price chart. The market value of Stellar (XLM) has plunged by around 7% in the past week. Hence, the current trading price of Stellar (XLM) has fallen to $0.12.
One of the major reasons causing a fall in Stellar’s (XLM) value is the network’s declining performance. According to the data from Santiment, the development activity of Stellar (XLM) has fallen by around 90% in the past month.
The data shows that the development activity of Stellar (XLM) was 33.12 on December 3 while it came down to 3.74 on January 3. Thus, the adoption of Stellar (XLM) is declining.
Polygon’s (MATIC) User Base Increases
The Polygon (MATIC) ecosystem has witnessed considerable network growth. According to Artemis, the decentralized exchange volume of Polygon’s (MATIC) zkEVM has surged by around 200% in the past month.
Besides, Polygon’s (MATIC) zkEVM has also witnessed a jump of 51% in its user base in the past week. Moreover, daily transactions on the Polygon (MATIC) network have increased by 22%.
However, Polygon (MATIC) has failed to move upward on the price chart despite these developments. In the last seven days, the market value of Polygon (MATIC) has increased by more than 19%. Therefore, the current trading price of Polygon (MATIC) is $0.85.
Pullix (PLX) Presale Sees Enormous Growth
As of January 2024, there are 685 cryptocurrency exchanges. However, traders do not feel comfortable using existing exchanges, due to their high transaction fees and limited transparency. To tackle such issues, a new exchange, Pullix, has entered the market.
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Author: Crypto Daily
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