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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) Attracted More than 15,000 Users – Its Price Increased 30 Times at Launch
Pullix (PLX) attracts attention with its ongoing pre-sale due to the platform being operational within 70 days. The excitement around it is huge as more than 15,000 users have already registered on the platform. It will combine the best elements of CEXs and DEXs to create a unified platform where anyone can start 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 give everyone the opportunity to copy the most successful traders and increase their potential to trade profitably.
There is also a liquidity provision where users can transfer their crypto to automated market makers (AMMs) for passive income. As a result, the profit sharing model is of great interest to platform users. Any user can generate up to 18% APR.
This DeFi project reached Phase 7 out of a total of 8 phases during the blockchain ICO. Here, a single PLX is trading at $0.10 but according to analysts, it could rise up to 30x at launch, making it the best crypto to invest in right now.
Summary
It is clear that Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, are in a unique position to support the next market rally and bull run. Meanwhile, Pullix is generating a lot of excitement as it could rise significantly and provide a huge return on investment for early investors.
For more information about the Pullix pre-sale, see the links below:
Visit Pullix
Join Pullix Communities
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