Bitcoin Price Surges After Spot ETF Approval - Is Ethereum Next? Presale Madness for Pullix

January 16, 2024
3 min read
Bitcoin gold coin words ETF wooden blocks on rows stack coins and defocused chart background, cryptocurrency bitcoin halving concept. The bitcoin ETF which refers to Exchange Traded Fund.

Recently, Bitcoin (BTC) witnessed a meteoric surge following the approval of a Spot ETF. Meanwhile, analysts claim that Ethereum (ETH) is next for this event. Adding to the excitement, the Pullix (PLX) presale has ignited a frenzy, raising over $3.6M and reaching Stage 6. Some experts even hint that PLX could become the next 100x altcoin in 2024 - let’s see why. 

Bitcoin ETF News 

Bitcoin (BTC) has made headlines as the SEC approved all Bitcoin ETFs. This landmark approval sent Bitcoin on an upward trajectory, reaching $47,600. With this development, the Bitcoin cryptocurrency has jumped 10% on the monthly charts, soaring from $41,790 on December 12 to $46,648 on January 11. 

The technical analysis of this top 5 cryptocurrency paints a bullish picture as 27 technical indicators are in the green. Moreover, its Fear & Greed index rating is 76 (Extreme Greed) - a good bullish sign. Because of these circumstances, experts predict that Bitcoin may trade at the $65,341 level by the end of 2024. 

How High Will Ethereum Go? 

Meanwhile, market analyst Will Clemente announced the next deadline for the Ethereum (ETH) ETF. Per him, May 23 is the final deadline for Van Eck’s spot Ethereum ETF approval. After this news, the Ethereum price increased from $2,408 on January 10 to $2,636 on January 11. 

Sentiment around this altcoin is bullish, with 28 technical indicators flashing green. Additionally, the Ethereum cryptocurrency trades above its 100 and 200-day EMAs. All these factors have made market analysts make a bullish Ethereum price prediction. They foresee a potential surge to $2,832 for Ethereum by the end of February 2024. 

Pullix (PLX): On the Top ICO List

Pullix (PLX) has also made headlines as it recently entered Stage 6 of its presale. Pullix aims to challenge the status quo by creating a hybrid trading platform. This exchange will combine the best features of both CEX and DEX in one place. Therefore, you can expect deep liquidity, access to all asset classes (including cryptos) and high leverage at 1000:1 on Pullix. 

The PLX native token is the backbone of this platform and will be the main currency used to make trades. One exciting aspect is its “Trade-to-Earn” model, which has caused global investors to stockpile this token. To clarify, Pullix will reward PLX stakers by giving them a percentage of the exchange’s daily revenue. 

This passive income capability and holding perks like reduced trading fees have helped sell 4.6M PLX tokens so far. One PLX token is worth $0.08 - a 100% ROI for those who bought it early on. Thanks to its ties to the forex market, which Baby Pips claims is the biggest, experts predict a 100x surge for PLX after it hits exchanges in Q1 of 2024. 

Can Pullix Outshine Bitcoin and Ethereum?

Looking at all three of these cryptos, it is clear that Pullix has one distinct advantage. It has a low market cap of $16M, while Bitcoin and Ethereum have $917B and $316B, respectively. This means PLX would only need $16M for its current price (and returns) to double. On the other hand, BTC and ETH may find it difficult to rise to new heights. For this reason, Pullix looks to be the best crypto to invest in. 

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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email [email protected].

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