Avalanche Price Prediction: AVAX Surges 16% as Time Runs Out to Buy This Coin Poised to Explode on Bitcoin ETF Approvals

Avalanche price has risen 16% in the last 24 hours to trade at $35.46 starting at 12:30 am EST.

This occurs when whales accumulate more AVAX in anticipation of a bomb, as shown by on-chain statistics provided by @berly_eth.

Small update:

Avax Foundation Alternative Wallet Is Fully Bought $BEAR chips for 3100 $AVAX ($115K) in drops over 2 days.

The last purchase was 4.5 hours ago. They then added $92k worth of tokens to Bear LP.
The other part of the tokens were sent 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 charts, the 50-period moving average has surpassed the 200-period moving average, showing buying pressure on Avalanche.

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

The Relative Strength Index indicator is also on an upward trajectory as it surpasses fifty, showing optimism on the Avalanche.

Avalanche price is volatile, as evidenced by the Bollinger Bands moving far away. This can be attributed to the increase in trading activities which has seen AVAX's trading volume increase by 41% in the last 24 hours.

Looking at it from a long-term perspective, the total value locked (TVL) has increased in recent days, suggesting impending long-term optimism in Avalanche price amid increasing on-chain activity.

Meanwhile, as Avalanche's price increases, the new BTCETF token pre-sale continues to attract more investors. The pre-sale has accumulated almost 3.5 million dollars, which demonstrates enormous investor confidence.

Avalanche Price Prediction: Is bitcoin ETF Token a Better Investment Than AVAX?

Amid growing anticipation surrounding the Securities and Exchange Commission's decisions on several bitcoin ETF applications in early 2024, investors are flocking to bitcoin ETF Token (BTCETF) to position themselves for a bull run after of approvals.

Perspectives of @Fidelity Jurrien Timmer shed light on a potential #BitcoinETF approval.

Will it provoke a “sell the news” reaction or attract a new wave of interest?

What impact do you think #SECONDthe decision of a bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin #ETF Will it have on market sentiment?

TO… pic.twitter.com/ZrUzEwYW2J

– BTCETF_Token (@BTCETF_Token) December 8, 2023

pre-sale for BTCETFan ERC-20 token, is now priced at $0.0066, with further increases on the horizon.

BTCETF's pre-sale strategy is geared toward deflationary measures, with a plan to burn 25% of its token supply. Additional burns are triggered by specific milestones, including a 5% drawdown if bitcoin reaches $100,000.

BTCETF imposes a 5% fee on all buying and selling transactions to supplement these deflationary burns. Notably, the fourth milestone, tied to a total assets under management (AUM) of $1 billion for bitcoin ETFs, will see a reduction in the transaction tax from 2% to 1%, accompanied by a burning of the 5% of BTCETF tokens.

Future Milestones Linked to bitcoin Performance

The fifth and final benchmark for BTCETF depends on bitcoin price reaching the important $100,000 mark. Upon achieving this milestone, an additional 5% of the token supply will be burned, while the existing 1% transaction tax will be removed.

As mainstream opinion aligns with expectations of bitcoin ETF introduction in early 2024, significant cash inflows into new btc ETF products could propel btc to new heights, potentially leading to exponential increases in token prices with respect to their current pre-sale rates.

With the favorable outlook for bitcoin ETF approvals, BTCETF and similar projects are set for a promising start in 2024.

BTCETF's deflationary tokenomics offers the price additional support, aligning with potential macroeconomic shifts in the crypto landscape.

As the cryptocurrency market matures toward widespread adoption, investors can position themselves to benefit from this significant evolution in the cryptocurrency investment landscape.

So, as you watch Avalanche price, remember not to miss the pre-sale of the bitcoin ETF token amid its huge upside potential in the listing.

Get your bitcoin ETF token here.

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