Could Bitcoin be one of the best crypto to buy now? Hovering around $41,000, the largest cryptocurrency on the market has had investors on their toes lately. Some believe this is only the start of a long-term bull run, others may be less optimistic and expect some drops in the nearest future.
Yet, Bitcoin is not only the one making the news – a new altcoin is set to surpass $1 after launch, currently priced at an affordable $0.042, so many think this could be the best altcoin to buy ahead of the rally.
Read on to find out what the future may hold for Bitcoin, but also for the burgeoning altcoin market, with the newest hybrid exchange, Pullix (PLX) at the top of the investors’ watchlist.
Will Bitcoin (BTC) Reach $50,000 by January?
According to Bloomberg, options traders are showing a marked interest in Bitcoin reaching $50,000 by January. This is evident from the way they are accumulating bets on this target. The clustering of options strikes around the $50,000 mark is a strong indicator of market sentiment, indicating that many in the market are optimistic about Bitcoin’s short-term growth potential.
Moreover, there are many catalysts that could lead to a long-term bull run in BTC. For instance, a Bitcoin ETF approval would not only validate Bitcoin’s growing acceptance in mainstream finance but also make it more accessible to a broader range of investors, potentially driving up demand and price. Also, market participants are eagerly awaiting the upcoming April halving event, which has historically driven Bitcoin prices to new all-time highs.
However, while Bitcoin’s journey to $50,000 by January looks promising, the real stars of the show are the burgeoning altcoins. According to Bloomberg, smaller and lesser-known cryptocurrencies are outperforming Bitcoin in growth potential – and Pullix is an example that’s rapidly gaining ground.
Exciting New Altcoin Set to Surpass $1 After Launch
PLX, the lifeblood of the Pullix platform, is the first Trade-to-Earn cryptocurrency in the market where users earn rewards for trading on the platform, completing challenges, staking, and many more. Currently priced at a modest $0.042, Pullix is poised to surpass the $1 mark post-launch, a milestone that has both investors and crypto enthusiasts watching closely.
Essentially, the PLX token is the trading currency on the platform. Users can deposit cryptocurrency, such as Bitcoin, Ethereum, and many more, and trade crypto and traditional assets on the platform.
Some assets may require PLX for trading, but the tokens can also be staked – to top it all off, PLX is the primary currency for receiving rewards, discounts, and even cashback on the Pullix platform, making it one of the best altcoin to buy if you’re looking for exponential growth potential.
The current price of Pullix at $0.042 is just the beginning. Market analysts are optimistic about its growth trajectory, especially considering the increasing interest in altcoins that offer something beyond just a digital currency. In fact, analysts expect PLX to rise by 580% in the presale, and over 100x on launch on major exchanges.
As investors are increasingly looking for altcoins with real-world utility, Pullix demonstrates robust potential to surpass $1 post-launch.
The Bottom Line
All in all, Bitcoin’s BTC is on track to potentially hit $50,000 by January according to market analysts and options traders. However, it’s not just Bitcoin making headlines as the best crypto to buy now – Pullix, a new altcoin, is rapidly gaining traction in the market.
With an innovative Trade-to-Earn model and a current price of only $0.042, Pullix is forecasted to experience a substantial growth post-launch, potentially surpassing $1.
For more information regarding Pullix’s presale see links below:
