Optimism (OP) Prepares for Ethereum Dencun: As Dogecoin (DOGE) Bears Rage, Investors Turn To Pullix (PLX)

6 views 8:10 am 0 Comments February 7, 2024

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Top 5 Tokens to Pump in 2024

Dencun represents the next phase in the future of Ethereum. As the smart contracts leader, this upgrade is poised to affect most of the crypto market. In preparation for Dencun, Optimism (OP) has successfully released blobs on its devnet.

In other news, Dogecoin bears continue to battle with the bulls. As a result, emerging altcoins like Pullix have begun captivating investors. Let’s delve deep into these trends.

Optimism (OP) Releases ETH Blobs on Devnets Ahead of Dencun

Optimism (OP) has taken a giant leap in preparation for the next major Ethereum upgrade, Dencun. As per recent reports, Optimism has successfully launched blobs on its devnets to prepare for this upgrade.

Developers have teased a near testnet release of the Dencun feature. According to the Optimism crypto team, the upgrade promises to have a significant impact on the fees paid by users. It will also allow for greater data availability on the Optimism network.

Since the launch, the Optimism crypto has been one of the most bullish altcoins. From a weekly low of $2.60, the price of OP has surged over the $3 support level. Holding this support level is a marker for more gains over the next few weeks, making the DeFi coin one to watch.

Dogecoin (DOGE) Bears and Bulls Battle: On-Chain Metrics

Things are quite different with Dogecoin (DOGE), the leading meme coin. On-chain metrics are painting a picture of bulls and bears fighting for dominance. This battle has been going on since October 25, according to IntoTheBlock data.

Over the past week, the bull vs. bear score has been 112:111, indicating a fierce battle. This can be seen in the price of DOGE over this period. Failing to break above the $0.09 resistance, Dogecoin dropped as low as $0.075 before steadying around $0.080. 

There are also other bullish metrics. Dogecoin’s active addresses have soared by over 197% in the last seven days as expectations of an XPayments integration rise. Without any confirmation, DOGE remains pulled from both sides by both bulls and bears.

Pullix (PLX) Pulls Interest With Revolutionary Trading Platform

The path for Dogecoin is still vague, but the interest in Pullix (PLX) has grown following hyber-bullish forecasts. Many experts in the market consider this DeFi coin as one of the potential leaders for the year due to the revolutionary trading platform it provides.

This promising cryptocurrency ICO has raised over $4.5 million. Despite being a futuristic hybrid exchange, Pullix has three major attributes that have attracted the attention of the crypto space.

An innovative feature of Pullix is VaultX, through which cryptocurrency holders can earn compound interest. Pullix has high APYs that ensure users get a chance to earn from their crypto portfolio. 

Another revolutionary feature of the Pullix ecosystem is its DeFi Swap. The platform has reduced fees and is completely decentralized as the trade takes place through smart contracts. The platform utilizes Automated Market Maker (AMM) principles for quicker transactions and reduced swap fees, which has made Pullix a great DeFi project.

Another exciting feature provided by Pullix is the lending protocol. It contains cash markets for lending and borrowing, allowing users to earn interest on their crypto assets. The interest rates are determined algorithmically based on supply and demand. This means that the users get the best interests.

These features give users greater functionality than other exchanges, making Pullix a leading DeFi project. While it is in its cryptocurrency ICO, PLX is available at only $0.10 per coin. However, ahead of its scheduled Q1 launch, analysts have forecasted a 100x price surge.

Conclusion

The arrival of Dencun will mark the beginning of a new phase for Ethereum, as well as Optimism. Meanwhile, as Dogecoin bulls and bears battle, Pullix continues to pull away from the competition. While there are already bullish predictions, PLX could surpass them as the Pullix platform evolves in the coming years.

For more information regarding Pullix’s presale see links below:

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