Helium is a respectable project known for creating decentralized wireless networks through its innovative helium hotspot devices. But recently, more and more holders of Helium (HNT) have been shifting their focus to Pullix (PLX) to grab the discounted presale tokens. Let’s find out why this is and if Axelar (AXL) is next in line to lose out to Pullix’s allure.
Pullix (PLX): The Rising Star of Crypto Trading
This pioneering platform is setting new standards in the digital trading realm. The team is building an online exchange that answers the common grievances of traders by offering lower fees, faster transactions, and more secure trading.
Pullix’s unique selling point is the seamless integration of blockchain technology for an immutable and transparent trading experience. This has caught the attention of many investors, causing them to shift their investments from Helium to Pullix.
Several challenges, such as regulatory complexities and concerns over fairness, have accompanied the rapid expansion of cryptocurrency trading. Pullix tackles these issues by working with the necessary regulatory bodies and implementing advanced algorithms to ensure fair trading.
Central to Pullix’s innovative approach is its native cryptocurrency, the PLX token. This token is used as a means of exchange for trading fees, rewards, and incentives on the platform. Additionally, PLX holders can participate in staking to earn passive income and benefit from the platform’s growth.
Through the smart contract the PLX token will be bought and burned daily, reducing its supply and increasing its value. This deflationary model ensures long-term growth and stability of the token. The other 50% of unburned tokens are rewarded to stakers for providing liquidity.
The PLX token can now be bought for just $0.04 during phase one of the presale. But potential buyers should act quickly as the price is expected to increase by 580% during the following phases, before eventually launching on major exchanges.
Helium (HNT): From Wireless Networks to Digital Trading
Helium is a decentralized wireless infrastructure project that aims to provide long-range, low-power connectivity for Internet of Things (IoT) devices. It utilizes the Solana blockchain to record and validate wireless network coverage, creating a more secure and reliable network for IoT devices.
The Helium team is now mainly focusing on the mobile industry, but the De-PIN (Decentralized Physical Infrastructure Networks) technology can be used for tracking deliveries, green mapping, car charging, and more.
While Helium has lofty goals to disrupt the wireless industry, it has also faced some challenges in gaining widespread adoption and maintaining a strong user base. The price of Helium has fallen 95% from the all-time high of $55 to the current price of $2.57.
Worryingly, the CEO of Helium recently said on a podcast, “We’re not experts in telecommunications or cell service” – something you don’t want to hear as an investor. This has caused many to question the future of Helium and its ability to compete with other players in the market.
Axelar (AXL) vs. Pullix (PLX): The Battle for Crypto Investors’ Attention
Axelar stands at the forefront of enhancing Web3’s interoperability by providing robust cross-chain communication solutions. It serves a role in the Web3 ecosystem similar to what Stripe offers for mobile and internet applications, operating behind the scenes to seamlessly link different networks.
Axelar has just announced general message passing (GMP), which allows for data bridging rather than just tokens. This is a huge advancement for the interoperability of decentralized networks and could open up many new possibilities for blockchain technology.
Pricewise, Axelar has pumped from $0.32 to $0.73 in the last four weeks. This sudden price surge has given Axelar a fully diluted market cap of $803 million as investors eagerly anticipate the potential of this project.
However, some early Axelar backers are currently getting cold feet with the high valuation and lack of real-world use cases. With such a large amount of VC funding, there is concern that Axelar may dump before it has a chance to prove itself in the market. Pullix (PLX) may be the better option for investors looking to get in on the ground floor of a promising project.
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