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Bitcoin (BTC) has seen a slight dip in its value due to concerns surrounding a rejection of ETFs. Financial watchdog group Better Markets called on the SEC to reject spot exchange-traded funds (ETFs) for BTC.
They warned that the ETFs “will inflict massive investor harm”. As a result, speculation is currently massive about the direction of the market. In the meantime, large investors have turned their attention to Pullix (PLX) as it’s up 75% in the past month. We will look at both to determine which is the best crypto to invest in now.
Bitcoin (BTC) and Its Recent Price Performance Following ETF Rumors
Bitcoin (BTC) experienced major price volatility as it initially surged above $45,000 before falling back down around the $44,000 level. Better Markets filed a letter with the U.S. Securities and Exchange Commission (SEC) detailing why they should eject applications to launch ETPs, that include ETFs.
The deadline for the SEC to make a decision is January 10, 2024. This is a joint proposal from Cathie Wood’s Ark Invest and 21shares. As for the Bitcoin price performance, the crypto jumped from $42,252.72 to $45,821.87 and then backed down again, signifying an unstable market. The total price upswing for the Bitcoin crypto was by 165% in the past year. According to the Bitcoin price prediction, it can reach as high as $72,679.74 by the end of 2024.
Pullix (PLX) Grabs Large Investor Attention and Surges 100%
Pullix (PLX) will create an all-encompassing ecosystem that can solve key liquidity and transparency issues in the industry. As a community-driven platform, it can leverage blockchain technology and let users engage in the process of yield farming. This way, they can stake their crypto balance and access liquidity provisions.
Users can even access perpetual futures, contract for differences (CFDs), and a value for the secure storage of their cryptocurrencies. On top of this, they can utilize a lending protocol and even get passive income on a monthly level. There will also be a DeFi and NFT launchpad for exciting investment opportunities.
The Pullix platform will also include a Copy Trader feature, where anyone can copy the action of the best traders out there. It is built on top of the Ethereum network, chosen because it can convert staked tokens into liquidity. The ecosystem will also boast a revenue share model, where anyone can profit from the daily revenue generated on top of the exchange.
The cryptocurrency is up 75%, and large investors are now moving towards its blockchain ICO. So far, it has reached Stage 6, where a single token trades for $0.08. At launch, analysts expect the crypto to see an upswing of 100x.
Summary
Bitcoin’s future is uncertain due to the ETF approval of rejection potential. Whatever happens, the market will be volatile, and as a result many are looking for high ROI opportunities. Pullix is seen as one of them, as with its vast ecosystem it can dominate the charts. These aspects make Pullix the best crypto to invest in now.
