Now that the market downturn has slowed down, three fascinating trends have woken up the crypto community. The first is the PancakeSwap (CAKE), upgrading its prediction markets through an integration with Chainlink and Arbitrum.
Polygon has finally released an update for its transition into V.2, with the AggLayer upgrade scheduled for February. Finally, there is Pullix that has garnered $4.5 million in its cryptocurrency ICO stage. Analysts have already ranked the token among the top 5 cryptocurrencies to buy in 2024.
PancakeSwap (CAKE) Enhances Prediction Markets With New Integration
PancakeSwap (CAKE) is a decentralized exchange that offers derivatives trading. It recently integrated Chainlink Data Streams and Automation to Arbitrum. This joint relationship uses Chainlink’s powerful technologies to increase the accuracy and fairness of PancakeSwap’s prediction markets.
So, the two Integrations that will help PancakeSwap’s prediction markets are Chainlink Data Streams and Arbitrium automation. Both will increase PancakeSwap’s security and reduce manipulation.
Sadly, these upgrades did not affect the PancakeSwap coin positively. It is down 13.7% and 33.9%, even with the latest feature. The DeFi coin is swinging between $2.35 and $2.86.
Polygon (MATIC) To Launch AggLayer for Polygon 2.0 in February
Polygon (MATIC) Labs will introduce a new solution dubbed aggregation layer, or AggLayer. The goal is to connect blockchains using zero-knowledge proofs.
Polygon Labs plans to deploy the initial version of the solution in February, allowing developers to connect blockchains to offer uniform liquidity. AggLayer will be a vital component of Polygon 2.0.
Also, it will collect ZK proofs from all connected chains. In other news, Polygon’s price has dropped 10.6% in the past week. According to CoinMarketCap, the DeFi coin is stuck between the $0.6993 and $0.8104 price range.
Pullix (PLX) To Compete With the Top Exchanges
The crypto community appears to have gathered behind Pullix (PLX), contributing more than $4.4 million in its cryptocurrency ICO stage. The DeFi project has found support because it presents many new and interesting trading opportunities.
Pullix is a hybrid exchange that provides better liquidity, privacy, faster transactions, and many other useful features that are lacking in competing exchanges. This top ICO is the dream of both decentralized and also centralized exchanges.
A major reason for the success of Pullix is that it addresses the low liquidity issue plaguing most exchanges. To solve this issue, Pullix provides crypto users exposure to external markets such as FX, commodities, stocks, and ETFs.
The transaction volumes for these markets are very high. Therefore, there is always expected to be high liquidity on Pullix. In addition to the liquidity issue resolution, Pullix is also concerned about security. Traders keep custody of their own private keys and assets on this DeFi project.
Also, this top ICO has advanced AI trading tools. This tool provides traders with smart advice based on market data. It enables the users to trade better and earn more. These traits and the PLX token’s effectiveness place it in the top 5 cryptocurrencies to hold.
Final Words
The developments in the PancakeSwap and Polygon communities have not sparked a price rally for their native tokens. However, the case is different for Pullix, which has risen 150% in the past month. It is currently priced at $0.10 and is predicted to rise again soon.
For more information regarding Pullix’s presale see links below: