Analysts Pick Three Altcoins To Soar After Spot Bitcoin (BTC) ETF Launch – Lido DAO (LDO), Pullix (PLX) and Arbitrum (ARB)

The potential launch of spot Bitcoin ETF continues to rise as investors await the SEC’s verdict. Meanwhile, analysts have picked three top altcoins that could see massive gains after the launch. They include Lido DAO, Pullix, and Arbitrum. All three have excellent profit potential especially Pullix which is currently in the presale phase of its release and is set to exceed a 50x rise once launched. Below we will discuss the future of all three tokens.

Lido DAO (LDO) Rallies on Fake Bitcoin ETF Announcement

Despite market volatility caused by misconceptions about Bitcoin ETFs, Lido DAO (LDO) was positive on Wednesday. LDO’s value rose from an intra-day low of $3.14 to a high of $3.83, according to CoinMarketCap.

Lido DAO price has increased 23.2% and 64.5% in the past week and month. This upward trend in Lido DAO’s price has been followed by a major rise in market cap and trading volume. 

CoinMarketCap data showed that Lido DAO’s market cap has increased by 13.57% to $3,362,832,451. Additionally, trading volume has jumped 104.00% to $382,896,502. This increased activity shows growing investor interest in Lido DAO. Thus, the DeFI coin could see more gains going forward. 

Arbitrum (ARB) Price Rises As TVL Increases

Arbitrum (ARB) price has risen more than 79% in the last month. This is due to the positive market sentiment fueled by the prospect of a spot Bitcoin ETF. 

In addition, the network’s Total Value Locked (TVL) has increased over the last week. The TVL has doubled in the previous year. According to DeFiLlama data, the TVL increased from $1 billion in January 2023 to $2.479 billion on January 10th, 2024. 

Also, Santiment data showed that active addresses and volume on Arbitrum have been on the rise since January 7th. As a result, analysts have predicted a rise of 9.99% from its current price of $1.94 to $2.18.

Pullix (PLX) Price Surges 100% As Presale Raises

Additionally, Pullix (PLX) stands to gain from the forthcoming Bitcoin ETF. The $0.04 price has increased to $0.08, a 100% increase. Due to its distinctive qualities, this cryptocurrency ICO is drawing interest from investors worldwide.

Now, let us examine these attributes. A unique trading platform, Pullix combines the best aspects of both decentralized (DEX) and centralised (CEX) exchanges. Traders don’t have to pay large costs because it offers tight spreads and no fees. An additional fascinating feature is trading anonymously. 

All you need to start trading is an email address; comprehensive identity checks (KYC) are not necessary. Today, one PLX is worth $0.08. The value of the DeFI coin is probably going to increase as the presale goes on. Experts estimate that by the end of the presale.

Investors are rushing to purchase the PLX cryptocurrency before its value skyrockets. The cryptocurrency ICO has sold millions of tokens thus far. The PLX token is important because it grants you privileged access, the opportunity to make passive revenue through staking, and other advantages.

They also anticipate that the token’s value will rise more than 100x following its launch in Q1 2024. As a result of all of this, analysts consider Pullix to be one of the top altcoins to look out for presently.

Final Thoughts 

Lido DAO, Pullix and Arbitrum have seen bullish price movements in 2024, making analysts predict more gains after spot Bitcoin ETF approval. 

Surprisingly, Pullix is a presale project, and its defi crypto has skyrocketed 100% so far and is expected This shows its potential for large gains in the future. 

For more information regarding Pullix’s presale see links below:

 Visit Pullix | Join The Pullix Communities

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.