Anthony Scaramucci, a top figure in the crypto sector, has projected that Bitcoin could soar to $170K following its halving in April. Meanwhile, Dogecoin has added 890k new addresses in the past week, a sign of growing adoption.
Also, Pullix has hit a new milestone as it raised $4.8 million during its presale. Analysts are bullish that the figure will jump to $5 million before the end of the presale.
Bitcoin (BTC) To $170K, Says Anthony Scaramucci
During an appearance on The Wolf Of All Streets Podcast with Scott Melker, SkyBridge Capital founder Anthony Scaramucci expressed optimism in Bitcoin's (BTC) possible trajectory.
Veteran of Goldman Sachs, Scaramucci thinks the price of Bitcoin might "cycle top" at four times its current level. He thinks that after the April halving, Bitcoin will hit $170,000 based on past data.
According to Scaramucci, the peak period for Bitcoin will come about 18 months after the halving. According to Scaramucci, Bitcoin's market valuation would eventually drop to half that of gold, which is currently valued at $13.6 trillion. That suggests that a Bitcoin coin would cost at least $323,000.
Dogecoin (DOGE) Adds 890K New Addresses in One Week
Dogecoin (DOGE) has significantly increased, according to a recent update by IntoTheBlock, with 890,000 new addresses joining within a week. The growth indicates a fresh adoption rate of 86%.
With this influx, the competition between bullish and bearish forces around the $0.08 price level will increase in the coming weeks. The Dogecoin price is currently trading at the $0.07798 – $0.08226 price region.
The meme coin has increased by 2.0% and 1.7% on the 7-day and 14-day price charts. Meanwhile, there have been numerous attempts by bulls to breach the $0.08 price level and move to $0.1.
Unfortunately, bearish pressure at this level has stopped the price rally. Still, bulls are adamant and will continue to push forward.
Pullix (PLX) Nears $4.8M Ahead of Launch
Pullix (PLX) is making waves in the crypto space as it raises $4.8 million in less than two months from its blockchain ICO. One of the factors that have added to this increasing adoption rate is the scheduled hybrid exchange launch in the next 30 days. The unique DeFi project provides a platform that allows users to trade multiple assets, including stocks, options, and forex.
The center of the Pullix ecosystem, the PLX DeFi coin, plays a crucial role in the operation of the exchange. The DeFi project takes the following strategies to boost the value of the token and market stability. One of the noteworthy strategies is setting aside 10-30 percent of its revenue towards strengthening the DeFi coin.
Pullix would also involve itself in frequent burns to reduce the total quantity of PLX tokens in circulation. Therefore, the scarcity of the PLX token will force the value of PLX to rise in the long term.
The PLX token is actually in the 7th stage of the presale and can be purchased for $0.1 with two more phases left. With the unique offerings of the exchange, there has been a surge of interest in PLX. They look forward to the project's launch later in the first quarter, building excitement about the DeFi project.
Conclusion
The crypto market is getting set for the next big thing: Bitcoin's halving. Analysts have flooded the headlines with bullish price predictions for different altcoins, one of which is Pullix.
Pullix will launch its hybrid platform in the first quarter. Make sure you join this blockchain ICO now before its bull run begins.For more information regarding Pullix’s presale see links below:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
