Bitcoin spot ETFs continue to be a hot topic in the cryptocurrency industry. According to Standard Chartered Bank, the Bitcoin ETF spot launch will push the price of Bitcoin to $100,000 by the end of 2024. However, the SEC delayed approving a spot Bitcoin ETF.
The question is whether this delay will affect Bitcoin’s chances of reaching $100,000. Meanwhile, other popular tokens Pullix and NEO are preparing for price increases. Analysts predicted a 100-fold surge in DeFi cryptocurrency Pullix.
Could Bitcoin (BTC) Hit $100,000 With SEC’s ETF Delay?
Approval of a Bitcoin ETF has been a widely discussed topic for several months. Adding to the discussions, the SEC recently postponed its decision on ETF applications until next year. Among these, Alistair MilneThe chief investment officer of the Altana digital currency fund said in August that the price of Bitcoin could reach a value of $100,000 even without SEC ETF approval.
Other factors such as the regulatory environment and Bitcoin halving must also be considered. Changes in regulations can have a significant impact on the price of Bitcoin. Positive regulation can increase investor confidence, while negative regulatory action can lead to lower prices.
The Bitcoin halving event is scheduled to be held in April next year. Historically, this event has been a positive factor for cryptocurrencies. Therefore, the price of Bitcoin can rise to $100,000. Bitcoin prices topped $44,000 last week, trading between $37,550.77 and $44,313.57.
NEO price prediction
NEO recently released version 3.6.2, an update that brings a variety of new features and improvements to improve the stability of the platform. The testnet deployment took place on November 21st, followed by the mainnet launch on December 4th.
This update has had a positive impact on Neo crypto. Last week, Neo’s price rose 9.5%, rising from a low of $10.72 to $12.52.
Neo technical indicators are currently bullish and the token is trading above its 50-day and 200-day EMA. According to analysts’ NEO cryptocurrency price predictions, NEO could rise by 3.10% and soon reach $12.28.
Pullix (PLX) is set for 100x gains ahead of launch
Pullix (PLX) is a trading platform that allows users to trade a variety of assets, including stocks, commodities, derivatives, and digital currencies. Users no longer need to create multiple accounts to access assets on different platforms.
Traders can also use cryptocurrencies as collateral for trading various OTC derivatives. Pullix also has a native token, the PLX token, with additional features. This ERC20 token is at the forefront of the “Trade-to-Earn” concept in the cryptocurrency market.
Users are encouraged to actively participate in trading activities on the platform. This may involve buying, selling, and exchanging various assets. The platform also sets trading challenges that users can perform. These challenges may include achieving specific volume targets, successful trades within a certain time period, or other trading-related goals.
Users can also build a reliable passive income stream by providing liquidity to automated market makers. This represents a significant advancement in that individuals can receive rewards based on the amount they invest.
Meanwhile, Pullix plans to launch its platform in January 2024. Analysts expect $PLX to increase 580% during the pre-sale period and potentially increase 100x at launch. These factors make Pullix’s ERC20 token an attractive option to consider.
conclusion
Bitcoin halving and favorable regulation are other factors that could push Bitcoin up to $100,000 in the absence of a spot Bitcoin ETF. Neo and Pullix price predictions are currently optimistic. Meanwhile, Pullix, a Defi cryptocurrency, offers holders more benefits and access to platform earnings, making it a better option.
For more information on Pullix’s pre-sale, see the link below.
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