Ethereum

when

DeFrogs

Crystal

<div class="coinjournal">
 <ul>
  <li dir="ltr">ERC-404 tokens have plummeted, with PANDORA and DEFROGS seeing huge declines in the past 24 hours.</li>
  <li dir="ltr">Pullix (PLX) is getting closer to its hybrid exchange launch and the PLX presale has surpassed $5.3 million.</li>
 </ul>
 <p dir="ltr">While <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> markets heat up amid recent gains, the ERC-404 <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> ecosystem has experienced a significant decline. In the past 24 hours, PANDORA, DEFROGS and RUG have all seen double-digit losses. Meanwhile, and away from the experimental <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> standard on Ethereum, new platform Pullix (PLX) is edging closer to its launch.</p>
 <h2 dir="ltr" id="pandora-leads-erc-404-slump">PANDORA leads ERC-404 slump</h2>
 <p dir="ltr">As noted above, ERC-404 is the experimental <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> standard on the Ethereum blockchain aimed at enabling more liquidity and fractionalization by bridging fungible <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> and non-fungible <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> (NFTs).</p>
 <p dir="ltr">On Monday, data from CoinGecko showed that tokens in this category – Pandora, DeFrogs, Rug and Crystal – had all plummeted more than 20% in 24 hours. PANDORA was down 30%, DEFROGS 33%, RUG 28% and CRYSTAL 23%. The sector market cap was down 37% to $152 million.</p>
 <p dir="ltr">Last week, PANDORA price surged past $32k. However, it has pared more than 50% of that in the past three days. The declines came as the sector, more like NFTs during the last bull market 2021, drove Ethereum gas fees to eight-month highs. Per on-chain data, <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> gas fees averaged about $60 per transaction as the market rose.</p>
 <p dir="ltr">it should be noted though that ERC-404 is that it’s not an official Ethereum <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> standard.</p>
 <h2 dir="ltr" id="pullix-plx-the-new-hybrid-exchange">Pullix (PLX): The new hybrid exchange</h2>
 <p dir="ltr">Pullix (PLX) is a hybrid exchange whose design could be the perfect fit for traders in the DeFi industry. The platform is in presale, but when it launches, will offer access to a trading environment that boasts of the best of CEXs and DEXs.</p>
 <p dir="ltr">The exchange’s native utility token is PLX.</p>
 <p dir="ltr">Traders will access all asset types, including commodities, forex and crypto – all without the problem of liquidity. While users will access non-custodial trading, and tap into institutional-level liquidity, the platform’s innovative profit sharing model stands out as one tailored for the trader. The revenue-sharing mechanism will offer an extra passive income opportunity to PLX holders.</p>
 <p dir="ltr">Other features such as DeFi swap, copy trading, yield farming, and staking put PLX right at the top of tokens with a greater incentive outlook for holders than most other exchange tokens.</p>
 <h2 dir="ltr" id="pullix-token-set-to-jump-40">Pullix token set to jump 40%</h2>
 <p dir="ltr">Ahead of its launch, Pullix has raised more than $5.3 million from early adopters. The presale has reached stage 7, and will soon hit the final stage 8 with price jumping from $0.1 to $0.14. This indicates a potential 40% return for participants who join the current stage.</p>
 <p dir="ltr">Having seen PLX price during the presale rise from $0.04, market analysts are predicting the exchange’s launch could see its native token stand out as the next 100x gem.</p>
 <p dir="ltr">To learn more about Pullix, visit its website or join the presale.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/pullix-plx-solid-as-erc-404-tokens-pandora-defrogs-plummet-tbt79583.html">https://thebittimes.com/pullix-plx-solid-as-erc-404-tokens-pandora-defrogs-plummet-tbt79583.html</a></p>

Pullix (PLX) solid as ERC-404 tokens Pandora, DeFrogs plummet

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