Bitcoin (BTC) price rallied above the $45,000 level after recovering from the key support zone at the 100-day EMA. This level was last seen 25 days ago.
Meanwhile, with the rise of Bitcoin, altcoins also rose and Ethereum, the largest altcoin, is traded at $ 2430.
Currently priced above $45,000, the next most important move for Bitcoin is seen as $48,000.
While all this is happening, Pullix (PLX) is experiencing a significant wave by reaching 15,000 users and is expected to increase 30 times after its launch. Today, we’ll go over all three to determine which is the best cryptocurrency to invest in right now.
Bitcoin (BTC) Hits $45,000 – How High Can It Rise in 2024?
After Bitcoin ETFs were approved, the price dropped to $38,000. However, as the hazy weather dissipated, BTC attacked again and rose above $45,000 today.
While the 100-Day EMA level of $41,000 appears as the most important support level at this stage, the next most important resistance level appears to be $48,000.
Although it is currently unclear whether the increases will continue or not, BTC is expected to break new records within the year, especially due to the halving event that will take place in April.
Ethereum (ETH) Rises on Weekly Chart – Price Will Reach $3,743 by the End of Q4
Ethereum (ETH) moved upwards on the weekly and monthly charts. It reached a higher limit and rallied towards the $2,500 level. This could lead to a rally that could result in Ethereum price reaching $2,700, or potentially even higher.
Looking at the RSI, values above 50% are seen, which indicates that the momentum is in favor of the buyers. Therefore, a break above this level seems likely. According to Ethereum price prediction, it may end 2024 at $ 3,743.
Pullix (PLX) Sees Appeal From Over 15,000 Users – Price to 30x at Launch
Pullix (PLX) is getting traction with its ongoing presale, as the platform will launch in 70 days. Hype surrounding it is massive, as over 15,000 users have already signed up for the platform. It will combine the best elements of CEXs and DEXs to create a unified platform where anyone can begin trading any asset, including cryptocurrencies.
Moreover, it will solve key challenges in the industry, such as lack of liquidity and transparency. It will introduce advanced trading tools and will give anyone the opportunity to copy the most successful traders and enhance their potential for making profitable trades.
There is also a liquidity provision, where users can commit their crypto in the automated market makers (AMMs) for passive income. As a result, its profit share model for users of the platform is a major point of appeal. Any user can generate up to 18% APR.
This DeFi project has reached Stage 7, out of a total of 8 stages during its blockchain ICO. Here, a single PLX trades for $0.10 but according to analysts, it can spike as high as 30x at launch, making it the best crypto to invest in now.
Summary
It’s clear that both Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, are in a unique position where they can push the next market rally and bull run. In the meantime, Pullix is generating a lot of hype, as it can spike significantly and provide massive ROI for early investors.
For more information regarding Pullix’s presale see links below: