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According to crypto analyst PlanB, Bitcoin is expected to hit $55k before its next halving event. This bullish prediction comes amid a surge in the altcoin market, where Ethereum Classic and Pullix have emerged as the best cryptos to buy, experiencing skyrocketing prices.
Bitcoin (BTC) Price Forecast Hints at $55K Pre-Halving
In a recent YouTube video, crypto analyst “PlanB” forecasted that Bitcoin will reach $55k by its halving, which is slated to occur in April. Given recent historical rallies, the halving of Bitcoin miners’ rewards is viewed as a bullish indicator.
According to the researcher, the asset will continue to rise in value in the coming months. PlanB anticipates reaching $50,000-$60,000 in the following four months.
Furthermore, the analyst predicted that Bitcoin will increase even more after the halving and may hit $100,000 by the end of the year. PlanB anticipates that Bitcoin’s price will gradually rise to $532K by 2025.
Ethereum Classic (ETC) See Double-Digit Gains
Ethereum Classic (ETC) price has gained momentum with a massive rally in early 2024. Furthermore, the recent uptick in the altcoin market coincides with the approval of the Spot Bitcoin ETFs.
Interestingly, Ethereum Classic, which fell to a 7-day low of $18.73, recorded gains of 33.4% on Thursday. This new price surge has increased the gains on the weekly and monthly charts to 37.9% and 37.6%, respectively.
As we speak, Ethereum Classic crypto is exchanging hands between $27.88 and $29.25. Likewise, Ethereum Classic’s market cap and trading volume have increased by 33.25% and 275.64%, respectively. If the altcoin continues the current path, it could move upwards beyond $30.
Pullix (PLX) January Launch Spurs Investors’ Interest
Pullix (PLX) has been a significant surprise in the crypto market since its value recently skyrocketed from $0.04 to $0.08. It does not appear that this growth is going to stop as orders continue piling up each day while more market players join daily for their share of profits.
A significant portion of this increase can be attributed to the hype leading up to its launch in January. Let us focus on three distinguishing features of Pullix which sets it apart.
Expanding Market Reach
Pullix is not only shaking the crypto world but also impacting global trading markets. The platform provides access to a wide range of assets, including stocks, foreign currencies, commodities, and precious metals.
This variety makes Pullix one of the best DeFi projects for 2024. The objective of Pullix is to minimize trade costs and simplify the process of trading.
Pullix is set to witness substantial growth in trading activity because of its access to large markets. For example, the forex market sees about $6.6 trillion every day in trade volume. It could increase the value of the PLX token.
Innovative Copy Trading Using AI
Pullix isn’t simply sticking to traditional methods on crypto exchanges; it’s redefining the market by incorporating artificial intelligence into its platform. This comprises a variety of AI-powered products, as well as the usage of AI in copy trade.
This tool allows traders to mimic the methods of seasoned pros, benefiting from their knowledge and track record of success.
Yield Farming
Another exciting feature is Yield Farming. Users can earn PLX by contributing to liquidity pools through staking LP Tokens. Each transaction on the Pullix Swap exchange incurs a small fee, which is then reinvested into the liquidity pool as LP tokens.
Pullix liquidity providers receive these tokens when they are converted into PLX, giving them a passive method of raising the value of their investments and generating consistent capital gains. Pullix’s standing as one of the best DeFi projects for individuals wishing to increase their cryptocurrency holdings is cemented by this feature.
In Summary
Bitcoin halving promises to be a major event for Bitcoin and the altcoin market in general. Meanwhile, Ethereum and Pullix have been dubbed the best cryptos to buy, given their latest price ascent. These tokens could see further gains in the future.
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Sam Chess is an utterly focused person looking for the minute details having potential to make a big difference. He is a writer and proofreader with a zeal to understand the cryptocurrency market. Additionally, he can be found trying to figure out the biggest mystery in the industry, Satoshi Nakamoto.
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