The Ethereum (ETH) ETF might be approved by the U.S. Securities and Exchange Commission (SEC). May is the month people expect it to get greenlit. With this development, numerous ERC-20 tokens are gaining attention. However, one such altcoin, now in Stage 7 of its presale, may be the best option. Some experts even pegged it as the next 100x Ethereum token in 2024.
Standard Chartered Predicts the Ethereum ETF Approval Will Come in May
There have been some exciting Ethereum (ETH) developments recently. A Bloomberg report states that Standard Chartered predicts the SEC will approve a spot Ethereum ETF in May. The SEC is reviewing VanEck and Ark 21Shares applications for ETFs. Each company will face the regulatory decision on May 23rd.
With this bullish Ethereum news, the coin’s value may skyrocket. Over the last week alone, its value has jumped from $2,209 to $2,291. During that time, its market cap also pumped from $265B to $275B.
This altcoin’s technical analysis likewise presents a positive image. For instance, Ethereum now trades above its 100 and 200-day EMAs. Its Fear & Greed index rating is 63 (Greed) – a good sign for its future. Because of all these reasons, experts in the crypto field remain bullish. Therefore, they predict a potential pump of $2,406 for ETH in February 2024.
Pullix (PLX): The Best ERC20 Token To Watch
Meanwhile, Pullix (PLX), an exciting new Ethereum token, has been making waves in the DeFi market. If Ethereum gets the spot ETF approval, this crypto may be the biggest beneficiary. It brings something new to the table with a hybrid trading platform. This platform may even overtake Binance and Coinbase as it combines the best features of both CEX and DEX.
With this innovative approach, Pullix will remove many issues affecting the online trading sector. For instance, Binance traders are confined to one asset class – cryptocurrencies. However, Pullix will differentiate by allowing the trade of all asset classes (Forex, gold, cryptos, etc.) on one account. This will drastically improve convenience for all traders.
While this exchange is the main focus of the project, the Pullix team will also include:
- Copy Trading: The ability to replicate trades from experienced traders and profit off their choices.
- Swap: A DeFi swap letting you trade tokens for a low cost.
The PLX native token is the power behind all these ecosystem components. Holding it will bring you perks like access to certain assets or reduced trading fees. Not only that, this ERC20 token is also the first “Trade-to-Earn” crypto. In other words, PLX stakers receive a part of Pullix’s daily earnings as a reward. The more trades on Pullix, the more rewards for stakers.
It costs just $0.1, which is a 150% ROI if you bought it early. However, market analysts predict another 1,000% surge once it hits exchanges in Q1 of 2024. Those who buy this altcoin now will capitalize on this growth as well as a 10% bonus, which is live. With over 80M PLX tokens sold and nearly $5M raised, it is clear that the future is bright for Pullix.
Will Pullix Rise Faster Than Ethereum?
Pullix could outpace Ethereum soon. Its market cap is $20M (which is peanuts compared to Ethereum’s $275B), but that’s why investors are excited. This means Pullix doesn’t need as many new funds for its price to surge. Its long-term growth potential is excellent, with ties to the Forex market, the biggest market per Baby Pips. This makes PLX the best crypto right now.
For more information regarding Pullix’s presale see links below:
Visit Pullix
Join The Pullix Communities
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