Uniswap (UNI) And PancakeSwap (CAKE) Traders Shift Gains Into Pullix (PLX), Positioning For Altcoin Season
In the dynamic bull market, traders are expecting a new altcoin season. As we see growing interest in DEXs, we’re exploring why DEX traders are shifting their gains to a new altcoin.
Interest in DEXs Grows: The Rise of Uniswap and Pancakeswap
With Binance’s legal battle against the US government, there’s been growing interest in DEX platforms like Uniswap and Pancakeswap.
In the last 30 days, Uniswap recorded a staggering 21.56% growth. PancakeSwap showed a noteworthy green at 8.35%. As Tether also proactively enforces regulatory rules, privacy-oriented users are left concerned.
Long-forgotten MtGox and the more recent FTX fiasco prove why it’s important to own your private keys. As the saying goes, if you don’t have the private keys of ‘your’ crypto, you don’t own it.
This is why DEXs like Uniswap and Pancakeswap are increasingly popular. They offer users the possibility to hold their own crypto in their wallets. In contrast, those holding crypto on centralized exchanges may risk losing ‘their’ coins.
Never forget this is possible on any centralized exchange. Unless you’re using a DEX, you must trust the 3rd party. You also have to trust the government.
To avoid such a scenario, there’s been an increase in interest in DEXs. Uniswap and Pancakeswap grew over the last month. However, there are major drawbacks to Uniswap and PancakeSwap.
The lack of an order book on both PancakeSwap and Uniswap makes it a much less versatile trading platform. Not to mention not being able to use leverage and trade futures.
It’s a less simplistic platform with fewer trading options. The user experience and possibilities of centralized exchanges beat DEXs every time.
Pullix (PLX): Combining DEX & CEX for the Best User Experience
Pancakeswap is down 0.02% last week and up only 0.34% today. Uniswap was down 0.32% last week and up 1.56% today. The recent stagnation shows the market has recognized those weaknesses. Uniswap and Pancakeswap traders are massively shifting their investments.
There is a new DEX that combines the benefits of centralized exchanges with those of decentralized ones. This is where UNI and CAKE investors are shoving their coins in. They’re positioning for the new altcoin season.
No KYC requirements, private key ownership all along with all CEX positives.
You can make a decentralized order with a 1:1000 leverage position without the fear of the CEX vanishing. You control your private keys while you make the trades.
Since the order book is off-chain, the speed advantage is incomparable to any DEX. Not just Uniswap and Pancakeswap. You no longer have to refresh constantly until you meet your sell price on a DEX. And finally! Advanced trading tools on a DEX!
There’s also slippage-free trading. UNI, CAKE, or any DEX don’t have that. And Pullix pulled it out by incentivizing users to provide liquidity. They completely dominate the competition in this regard. It’s no wonder we’re seeing UNI and CAKE traders investing here.
Other features are CFDs, ETFs, Forex, futures, a lending protocol, and, most importantly, zero commissions and tight spreads.
As you trade, you earn passive income through the revenue-sharing program. And it doesn’t matter if the trades are winning or losing. The income is shared regardless.
With so many DEX traders shifting to Pullix, it’s no wonder analysts expect Pullix to rise 580% in the presale and 100x on the launch date. The token is already growing, and the presale is going strong.
