As Christmas approaches, investors are wondering whether the Santa rally will result in traditional selling pressure or whether the trend is different this year. Let's dive into the reasons why this year is different, and why Bitcoin, Pullix, and Ethereum will rise.
Bitcoin (BTC) General Optimism Will Push It Up Before EOY
Today, we celebrate the 10th anniversary of the legendary HODL post. We must hold Ho Ho Hodl because fate has foreshadowed this hodl position. Bitcoin is currently stalled, moving up and down ~3% daily. However, Bitcoin's 13.30% rise in one month is a reason for optimism.
Optimism is moving around Bitcoin following Binance's $4 billion defense deal. We expect to see positive results from the SEC in January. This speculation, in the hope of finding a Bitcoin ETF, will likely create an upward movement before EOY. We can see positive sentiment if we look at the betting platforms.
Currently, a $100 bet on SEC approval by March 30 returns $111. This opportunity shows enthusiasm in the market. The moving averages strongly agree with this optimistic sentiment. They show strong buy indicators. This sentiment is remarkable because, traditionally, Christmas time is often a time when selling pressure increases.
Ethereum (ETH) Is Set to Follow the Same Movement as Bitcoin
Ethereum price was unchanged today after dropping 0.37% in the past week. Additionally, Ethereum's 12.99% gain in the last month is a reason for optimism. Amazingly, this movement is very similar to Bitcoin.
An Ethereum ETF is also possible starting in January. This approval will boost Ethereum as well as Bitcoin. Since the market is optimistic about the January decision, speculation will drive Ethereum up long before the actual decision occurs. Moving averages also agree here. Therefore, our decision is Ho Ho Holding.
Pullix (PLX): Revolutionary Exchange Will Grow Regardless of SEC Decision
Pullix has reached the 3rd stage of its presales. As centralized exchanges experience more and more regulatory pressure, the market appears to be gravitating towards other DEX platforms.
As a hybrid exchange, Pullix will bring together the best of DEX and CEX. The result is that the exchange offers smooth, safe, and cheap trading to its users. But what excites the crypto community about Pullix is its connection between markets.
Pullix users will be able to trade assets from all markets – stocks, commodities or ETFs. They will be able to do this from just one account where they can also trade all these assets using their own crypto balance as leverage.
A huge potential area that exists within Pullix itself – is Trade 2 Earn, which works by providing instant rewards to users for their operations and trades. When they trade on Pullix, rewards are still earned and distributed in PLX tokens.
Like other DeFi coins, PLX has seen huge growth over the past few days. The Pullix coin price has reached a new high in 2023 at $0.044 per token. But along with its involvement in several markets, analysts have placed it in the list of the ten best cryptocurrencies to buy before 2024, which could soar up to 40x .