Bitcoin Spot ETF continues to be a major topic in the crypto space. According to Standard Chartered Bank, the launch of a spot in Bitcoin ETF would push Bitcoin to $100k by the close of 2024. However, the SEC has delayed the approval of spot Bitcoin ETFs.
The question is whether this delay would affect Bitcoin’s chances of reaching $100k. Meanwhile, other prominent tokens, Pullix and NEO, are gearing up for a price rally. Analysts have forecasted a 100x surge for the DeFi cryptocurrency, Pullix.
Can Bitcoin (BTC) Hit $100k Following SEC’s ETF Delay?
The approval of a Bitcoin ETF has been a widely discussed topic for several months. Adding to the discussion, the SEC recently postponed its decision on ETF applications until next year. Amidst this, Alistair Milne, the chief investment officer of Altana digital currency fund, expressed in August that the Bitcoin price can achieve a $100k value without requiring SEC ETF approval.
Other factors, such as the regulatory landscape and Bitcoin halving, must be considered. Changes in regulations can significantly impact the price of Bitcoin. Positive regulations can boost investor confidence, while adverse regulatory actions may lead to price declines.
Bitcoin’s halving event would come up in April next year. Historically, this event has been a bullish factor for the cryptocurrency. Therefore, it could push Bitcoin’s price to $100k. The Bitcoin price has crossed the $44,000 mark, trading between $37,550.77 and $44,313.57 in the past week.
NEO (NEO) Price Prediction
Neo (NEO) recently unveiled version 3.6.2, an update that brings various new features and improvements to enhance the platform’s stability. The TestNet deployment took place on November 21st, followed by the MainNet release on December 4th.
This update has affected the Neo crypto positively. In the past week, Neo’s price has increased 9.5%, moving from a low of $10.72 to $12.52.
Neo technical indicators are currently bullish, with the token traded above the 50 and 200-day EMAs. According to analysts’ NEO crypto price predictions, NEO could rise 3.10% and reach $12.28 soon.
Pullix (PLX) Gets Set for 100x Gains Ahead of Launch
Pullix (PLX) is a trading platform that allows users to trade various assets, including stocks, commodities, derivatives, and digital currencies. Users no longer have to create multiple accounts to access the assets on different platforms.
In addition, traders can use cryptocurrencies as collateral for trading various OTC derivatives. Additionally, Pullix has a native token, the PLX token, with added 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 could involve buying, selling, and exchanging various assets. Also, the platform sets up trading challenges that users can take on. These challenges might involve achieving certain trading volume targets, making successful trades within a specific timeframe, or meeting other trading-related objectives.
Furthermore, users can establish a reliable passive income stream by providing liquidity to our automated market makers. This represents a significant advancement, as it allows individuals to earn rewards depending on the amount they staked.
Meanwhile, Pullix will launch the platform in January 2024. Analysts anticipate a 580% increase in $PLX during the presale and a potential 100x increase upon launch. These factors make Pullix’s ERC20 token a compelling option for consideration.
Conclusion
The Bitcoin halving and favorable regulations are other factors that could push Bitcoin to $100k in the absence of a spot Bitcoin ETF. Neo and Pullix price predictions are currently bullish. Meanwhile, the Defi cryptocurrency, Pullix, offers holders more benefits and access to the platform’s earnings, making it a better option.
For more information regarding Pullix’s presale see links below:
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Source: https://cryptodaily.co.uk/2023/12/can-bitcoin-hit-1can-bitcoin-hit-100k-following-secs-etf-delay-pullix-and-neo-prepare-to-surge