I am INSANELY BULLISH on PulseX
Updated: Nov 4, 2022
Yes, I know what you’re thinking: How could I be Bullish on ANYTHING right now? Crypto is an absolute bloodbath, the market is in decline, inflation is skyrocketing the cost of living, and all things are pointing to something massive coming our way globally. To make the case more difficult to understand, PLSX isn’t even out yet and we don’t know when Pulsechain will launch.
So how can I be so bullish on PLSX?
As I’ve mentioned in previous videos, the math for the ‘Buy & Burn’ function within the PulseX Exchange is absolutely bonkers. For every billion dollars in Volume moved in the exchange, $600,000 of PulseX is bought and burnt out of existence, to never return to the supply as PLSX has a deflationary supply. The question then becomes:
How much will we see burnt in reality?
Let's look at the PulseX Buy & Burn Bot on twitter which will show us exactly how much PLSX has been burnt on the Pulsechain V2B Testnet.
In around 4 months, 51,016,468,906 PLSX tokens or 0.05% of the total supply has been Bought and Burnt out of existence on the Testnet V2B (based on a 100 Trillion PLSX supply assumption, which is likely to be inaccurate). If we were to assume that this trend were to continue over the course of a year (which I believe is on the low side based on the volume numbers of Testnet compared to what we may actually see when Pulsechain goes live) then we would have 153,049,406,718 PLSX burnt out of existence – 0.15% of total assumed supply burnt
Here’s why I think this number is very low
While We can’t expect to have mass adoption on Pulsechain immediately, I think we can speculate that we could see even more volume on PulseX than Uniswap soon after launch. For Ethereum traders, Pulsechain is a dream come true. All of the tokens that you previously had on the Ethereum Network for trading are now on the Pulsechain for you to make even more money with AND the Gas fees are fractions of a penny. There is massive incentive for traders of all sizes to utilize the network for trading to increase their profit margins, Trades per day, and even deploy Bots with less money involved.
While we can’t predict what that might actually look like, there is the case to be made that the increase in trading on the network spikes the daily volume. Let’s look at Testnet quickly.
On April 26th, 2022, The daily volume on PulseX hit $9.84 Billion in a single day. While this is Testnet, I think it is important to state that this was achieved with only a small percentage of total wallets that will hold PRC20 tokens using the Network. On that day alone, $5,904,000 in PLSX was bought and burnt – Yes, you heard that right.
To add to the equation, those who understand the power of Single Sided Staking pools for PLSX will be highly incentivized to place their PLSX in these Pools, reducing the desire to Sell PLSX. This also is a massive incentive for Buyers to try and get a bag of PLSX in order to Participate in the Staking Pools to earn Passive rewards.
My final point to why I am so bullish on PLSX, is that PLSX will be a shining star in the midst of a financial bloodbath IF Pulsechain launches within the next 6 or so months, as this bear market is likely to continue for some time according to many Analysts(which I do believe is highly likely). While everything else is suffering, the PLSX price will be moving up quickly, peaking investors interest and potentially giving them an opportunity to make money while everything else is going down.
This will mean Investors will want to get in on the action, Traders and daily volume will be forcing the price up, and current holders are incentivized not to sell due to the single sided staking feature.
As difficult as it is to cope with our investment being down like they more than likely are, the Pulsechain ecosystem is right around the corner. Now is the opportunity to load up on the assets that you believe in long term and shift out of the mindset from despair, to opportunity
- CRYPTOGRFX
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