Arbitrum is getting set for a $1B token unlock slated for March. Analysts are weighing in on the event as they consider possible effects on the token’s price.
Also, Avalanche’s number of validators has reached a new peak, showing the network’s growing strength. Meanwhile, Pullix has become the best ICO in the crypto space as it raises close to $5 million in the presale phase.
Arbitrum (ARB) To Release 2 Billion ARB Tokens Over The Next Four Years
According to Token Unlocks, Arbitrum (ARB) plans to unlock $1 billion worth of ARB tokens into circulation. The Arbitrum token unlock is scheduled to start on March 16th, 2024.
This token unlock will mark the beginning of a release process that will occur in stages. Tokens will be unlocked monthly on the 16th, continuing for four years.
This initiative is part of Arbitrum’s plan to release 2 billion Arbitrum coins over the next four years. Although the Arbitrum token unlocks appears to be evenly spread out, many crypto experts have raised concerns about the unlock.
They argued the token unlock could affect the price of Arbitrum in the coming months. Currently, Arbitrum coin is trading at the $1.66 – $1.96 price level with a 3.3% price increase in the last seven days.
Avalanche (AVAX) Validators Soar To New Peak
In a recent tweet, the Avalanche team announced that the number of validators on the Avalanche (AVAX) network has hit a record high at 1,729.
The tweet also presented data on staking, which showed that as of January 30th, there were 231.99 million AVAX tokens staked. This makes up a staking ratio of 52.82%.
This ratio indicates the portion of all Avalanche crypto tokens in circulation that are staked on the network. The increase in these numbers shows that the network is attractive to both stakers and validators.
Similarly, Avalanche crypto price has also risen in tandem with the number of validators. Data from CoinMarketCap shows the altcoin rose from a weekly low of $29.73 to a peak of $37.09, a price surge of over 11.2%.
Pullix (PLX) Raises Over $4.7M in Funding
Another top DeFi project making headlines is Pullix (PLX), which raised over $4.7 million during the presale round. The crypto ICO has been the topic of discussion for the past month in the community. The $4.7 million raised demonstrates how much users are interested in the possibilities of the project.
Moreover, those who joined the project at the early stage have seen a 150% ROI as the token increased from $0.04 to $0.10. Those who have not joined the Pullix train can get in now and enjoy a 10% discount on all their purchases.
Why Investors Are Hyped About Pullix
Pullix merges the top features of Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) to offer a hybrid trading platform. This platform opens traders to various assets, including gold, commodities, forex, and cryptocurrencies.
Also, the DeFi project will roll out additional features like Copy Trading and Trade-to-Earn in its ecosystem. One thing to know is that the PLX token is central to the Pullix platform.
It gives its holders reduced trading fees, access to specific assets, and staking rewards. Experts in the market are bullish about this project and predict that in the first quarter of 2024, the value of PLX will climb 40 times.
Pullix’s exposure to the Over-The-Counter (OTC) derivatives market, which the BIS valued at $20.7 trillion, is the reason for this optimism. Pullix is, therefore, the best ICO for current investors.
Pullix is now available to those who missed out on Avalanche Crypto and Arbitrum in its early stages. The crypto ICO has raised a lot of money in presale, demonstrating the optimistic future it could provide for its investors.
For more information regarding Pullix’s presale see links below: