The Ethereum ETFs have finally launched and are set to kick-start a resurgence in the altcoin market. Coins in the Ethererum ecosystem including JasmyCoin and Arbitrum are set to make incredible runs in the coming alt-season and a brand new hybrid exchange Pullix is attracting investors, ready to explode as the platform launches in the coming weeks.
JasmyCoin Locks Millions Of Tokens To Reduce Supply
JasmyCoin has taken steps to shore up its price by locking up over 100 million JasmyCoins and removing them from circulation. The JasmyCoins have been time-locked from the beginning of May and should safeguard holders from being dumped on by early-stage venture capitalists.
JasmyCoin responded well to the news, despite this there has been short-term volatility and JasmyCoin price has fallen to $0.022 at the time of writing causing its market cap to fall to $1.1 billion. If JasmyCoin bulls can bring the buying pressure then a bounce from the 100-day moving average will see JasmyCoin sailing back above $0.044, making now an ideal time to buy JasmyCoin on the Pullix exchange!
Arbitrum To Stage A Reversal from $0.70?
Arbitrum is down 25% over the last seven days to $0.5 and has lost over 45% of its market cap in three months This has caused its market cap to drop to $1.7 billion. Artbitrum, a leading Ethereum Layer 2, is poised to do incredibly well if the ETH ETF flows remain strong but is currently facing severe selling pressure. Arbitrum has been the victim of its aggressive token unlock schedule, causing many Arbitrum investors to sell.
Arbitrum’s support at $0.50 looks like it should hold in the event of another downturn in the wider crypto market, although Arbitrum bulls will look to break the resistance overhead at $0.80. Traders can long or short Arbitrum on the Pullix exchange, along with thousands of other assets.
Pullix Brings Revenue Share Model to Hybrid Exchange
Pullix has caught the attention of investors who are looking for projects with untapped potential. It separates itself from its competitors thanks to its wide array of features and novel exchange framework.
Pullix merges the best aspects of centralized and decentralized exchanges, offering users a seamless and intuitive experience. At the top of the priority list are security and user trust.
For this reason Pullix has implemented the most advanced security protocols available on centralized exchanges. At the same time, it emphasizes the importance of users having non-negotiable control over their assets.
On the platform, users can trade over 100 different assets, ranging from shares, options, commodities, and cryptocurrencies, including Ripple and FET.
The key element of the Pullix platform is the native token PLX. PLX is an asset that investors can trade, hold, and stake. It also acts as a governance tool, democratizing Pullix’s future development.
PLX is crucial in the platform’s revenue-share mechanism, one of Pullix’s star features. The exchange will buy back PLX tokens on the open market by investing a portion of the daily profits. 50% of this amount will be burned, reducing total supply and priming PLX for further growth, while the other 50% will be redistributed to holders.
PLX has shown impressive resilience during the recent market downturn increasing in value to $0.011 and it’s primed to soar during the next market rally.
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