A recent analysis by market experts has unveiled a pattern suggesting a surge in Ethereum’s value to $20K. Meanwhile, let us see what is going on with Bitcoin Cash and Pullix. With Bitcoin’s recent ETF approval and Pullix raising over $4 million could both be set for a bright future?
Ethereum (ETH) Could Have The Potential Surge To $20K
Discover Crypto YouTube channel hosts found a pattern on the Ethereum (ETH) price chart that may indicate a major rally. The hosts said a similar scenario in 2020 caused the altcoin to rise 1,000%. The Discover Crypto hosts recently published a video showing the Ethereum price breaking out of an ascending triangle after 600 days.
The indication suggested altcoin volume is rising, according to one host. He also regarded it as a sign of a cryptocurrency bull market.
Ethereum would rise to $22,000 with a 10x return from $2,200. Psychological hurdles may affect Ethereum price, the hosts said. One host suggested most users aim for $10,000 Ethereum by 2025.
Bitcoin Cash (BCH) Price Analysis
Bitcoin Cash (BCH), a BTC hard fork, rallied along with the recent spot Bitcoin ETF approval that sent excitement through the crypto market. Swift payments, anonymity, privacy, affordable prices, and a huge block size characterize this network.
The strong infrastructure has led to BCH becoming one of the top crypto coins. The recent approval led CoinMarketCap to record a 7-day high of $274.14. Nevertheless, Bitcoin Cash still bore the brunt of selling pressure, like Bitcoin did.
From its recent high, BCH has dropped to as low as $230. Looking at the price chart, a support is placed at $230. Any further decrease below this level may result in a fall to $200.
Pullix (PLX) Gains Attention With Two Features
The Pullix (PLX) presale is turning heads in the crypto world, quickly becoming one of the top crypto coins. It has already seen a rapid sell-out of millions of tokens in its first six stages. Pullix is changing the game in trading with its unique hybrid platform, offering various trading options.
Here are some key features of Pullix:
- Copy Trading
Pullix uses AI to help traders follow the strategies of experienced pros. These experts have a history of successful trades, which means copying them could lead to more profits.
- Yield Farming
Here, you can earn PLX tokens by adding to the platform’s liquidity, staking LP Tokens. Every trade on the Pullix Swap has a small 0.25% fee, added to the Pullix pool as LP tokens. The owners of Pullix LP tokens receive these LP tokens that they can convert into PLX. Their investment gains more value as a result.
Pullix is a project to watch in the DeFi space because of its creative strategy and features like Copy Trading and Yield Farming. Pullix is now in the presale phase, with tokens valued at $0.08. Investors anticipate that the value of this DeFi token could rise significantly in the near future.
In Conclusion
With Ethereum’s price dropping below $2,200, a rise to $20k seems unlikely. Bitcoin Cash, however, encounters some opposition. Pullix, the DeFi token, is currently worth $0.08 after rising 100% since the start of the presale. With two stages still left of the presale there is still room for growth for investors looking to get involved in the Pullix presale.
For more information regarding Pullix’s presale see the links below:
Visit Pullix
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/ethereum-eth-to-20k-what-is-happening-to-bitcoin-cash-bch-and-pullix/