Avalanche Price Prediction: AVAX Pumps 16% Over Time to Buy This Coin Ready to Explode with Bitcoin ETF Approvals.

adminDecember 11, 2023

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Avalanche price has traded up 16% in the last 24 hours. $35.46 12:30 AM EST.

This happens because whales accumulate more AVAX in anticipation of the pump, as seen in the on-chain statistics provided by @berly_eth.

Small update:
The Avax Foundation’s alternative wallet has been fully acquired. $BEAR 3100 tokens $AVAX ($115,000) fell for 2 days.
The last purchase was 4 hours and 30 minutes ago, and they added $92,000 worth of tokens to Bear LP.
The remainder of the tokens were transferred to another wallet.
AVAX Foundation main… pic.twitter.com/kQW2LqBZpF
— berly.eth (@berly_eth) December 11, 2023

Avalanche Price Prediction

Looking at the 30-minute AVAX/USD chart, the 50-day moving average is above the 200-day moving average, showing buying pressure on Avalanche.

This indicates continued price growth in the near term as the bulls are now expected to break the $37.7 resistance level.

The Relative Strength Index also shows strength for the Avalanche, rising above 50.

Avalanche prices are highly volatile, as evidenced by the Bollinger Bands moving far apart. This can be attributed to increased trading activity, with AVAX’s trading volume surging 41% in the last 24 hours.

Looking at the long-term perspective, we expect long-term bullishness for the Avalanche price amid increased activity on the chain, with the Total Value Locked (TVL) rising over the past few days.

Meanwhile, as Avalanche prices soar, new BTCETF Token Pre-sale We continue to attract more investors. Current pre-sale totals reach nearly $3.5 million, demonstrating tremendous investor confidence.

Avalanche Price Prediction: Is Bitcoin ETF Token a Better Investment than AVAX?

Amid growing anticipation surrounding the Securities and Exchange Commission’s decision on various Bitcoin ETF applications in early 2024, investors are flocking to the Bitcoin ETF Token (BTCETF) in hopes of capturing a bull run following approval.

insight @fidelity Jurrien Timmer has revealed his potential. #Bitcoin ETF approval.
Will it spark a ‘news-selling’ response or attract the attention of new stakeholders? 🤔📈
What impact do you think it has? #secretarydecision of #Bitcoin #ETFs Will it affect market sentiment?
all… pic.twitter.com/ZrUzEwYW2J
— BTCETF_Token (@BTCETF_Token) December 8, 2023

pre-sale BTCETFThe price of , an ERC-20 token, is currently $0.0066 and is expected to rise further in the future.

BTCETF’s pre-sale strategy is geared towards deflationary measures, with plans to burn 25% of the token supply. Additional burns will be triggered by certain milestones, including a 5% reduction once the trading volume of BTCETF reaches $100,000.

BTCETF To compensate for these deflation losses, we charge a 5% fee on all buy and sell transactions. Specifically, the fourth milestone, associated with Bitcoin ETF’s $1 billion total assets under management (AUM), will see transaction taxes reduced from 2% to 1% and BTCETF tokens burned by 5%.

Future milestones related to Bitcoin’s performance

BTCETF’s fifth and final benchmark hinges on the Bitcoin price breaking $100,000. Upon reaching this milestone, an additional 5% of the token supply will be burned and the existing 1% transaction tax will be removed.

As mainstream opinion aligns with expectations for the introduction of a Bitcoin ETF in early 2024, significant cash inflows into new BTC ETF products could push BTC to new heights, potentially pushing the price of the token higher at current pre-sale rates. It can grow exponentially.

With favorable prospects for Bitcoin ETF approval, BTCETF and similar projects are poised for a promising start to 2024.

BTCETF’s deflationary token economics provides additional price support in line with potential macro changes in the cryptocurrency landscape.

As cryptocurrency markets mature to the point of widespread adoption, investors can benefit from significant developments in the cryptocurrency investment landscape.

So, while watching the avalanche price, don’t miss out on the Bitcoin ETF token pre-sale, which has massive upside potential upon listing.

Get Bitcoin ETF Tokens Here.