{"id":464764,"date":"2023-12-11T11:58:43","date_gmt":"2023-12-11T11:58:43","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=464764"},"modified":"2023-12-11T12:30:30","modified_gmt":"2023-12-11T12:30:30","slug":"avalanche-price-prediction-avax-pumps-16-as-time-runs-out-to-buy-this-coin-primed-to-explode-with-bitcoin-etf-approvals","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/avalanche-price-prediction-avax-pumps-16-as-time-runs-out-to-buy-this-coin-primed-to-explode-with-bitcoin-etf-approvals","title":{"rendered":"Avalanche Price Prediction: AVAX Pumps 16% As Time Runs Out To Buy This Coin Primed To Explode With Bitcoin ETF Approvals"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Avalanche price has jumped 16% in the last 24 hours to trade at <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/avalanche\/\"><span style=\"font-weight: 400\">$35.46<\/span><\/a><span style=\"font-weight: 400\"> as of 12:30 a.m. EST.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This comes as whales accumulate more AVAX in anticipation of a pump, as shown by on-chain stats provided by @berly_eth.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Small update :<\/p>\n<p>Avax foundation&rsquo;s alt wallet totally bought up <a href=\"https:\/\/twitter.com\/search?q=%24BEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BEAR<\/a> tokens for 3100 <a href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVAX<\/a> ($ 115K) on dips during 2 days.<\/p>\n<p>Last buy was 4.5 hours ago, Then they added $ 92K worth of tokens to Bear LP.<br>The other part of tokens was sent to another wallet. <\/p>\n<p>AVAX foundation main&hellip; <a href=\"https:\/\/t.co\/kQW2LqBZpF\">pic.twitter.com\/kQW2LqBZpF<\/a><\/p>\n<p>&mdash; B.E.R.L.Y (@berly_eth) <a href=\"https:\/\/twitter.com\/berly_eth\/status\/1734021344885407965?ref_src=twsrc%5Etfw\">December 11, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400\">Avalanche Price Prediction<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Looking at 30-minute AVAX\/USD charts, the 50-period moving average has exceeded the 200-period moving average, showing buying pressure on Avalanche. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This indicates a continuous price pump in the short term as bulls now look to break past the $37.7 resistance level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Relative Strength Index indicator is also on an upward trajectory as it moves above fifty, showing bullishness on Avalanche.&nbsp;<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-464766 aligncenter\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-11T085316.878.png\" alt=\"\" width=\"823\" height=\"497\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-11T085316.878.png 823w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-11T085316.878-300x181.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-11T085316.878-768x464.png 768w\" sizes=\"(max-width: 823px) 100vw, 823px\"><\/p>\n<p><span style=\"font-weight: 400\">The Avalanche price is volatile, as shown by the Bollinger Bands, which are moving far apart. This can be attributed to increasing trading activities that have seen AVAX&rsquo;s trading volume surge by 41% within the last 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Looking at it from a long-term perspective, the Total Value Locked (TVL) has risen in the past few days, suggesting looming bullishness in the long term on the Avalanche price amid the increasing chain activity.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-464765 aligncenter\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-11T091639.060.png\" alt=\"\" width=\"557\" height=\"326\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-11T091639.060.png 557w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-11T091639.060-300x176.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-11T091639.060-240x140.png 240w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-11T091639.060-555x326.png 555w\" sizes=\"(max-width: 557px) 100vw, 557px\"><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, as the Avalanche price jumps, the new <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\"><span style=\"font-weight: 400\">BTCETF Token presale<\/span><\/a><span style=\"font-weight: 400\"> is continuing to attract more investors. The presale has now amassed almost $3.5 million, showing massive investor confidence.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Avalanche Price Prediction: Is The Bitcoin ETF Token A Better Investment Than AVAX?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Amid growing anticipation surrounding the Securities and Exchange Commission&rsquo;s decisions on various Bitcoin ETF applications in early 2024, investors are flocking to Bitcoin ETF Token (BTCETF) to position for a bull run after approvals.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Insights from <a href=\"https:\/\/twitter.com\/Fidelity?ref_src=twsrc%5Etfw\">@Fidelity<\/a> Jurrien Timmer shed light on a potential <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinETF<\/a> approval.<\/p>\n<p>Will it trigger a 'sell-the-news' reaction or attract a new wave of stakeholders? &#129300;&#128200;<\/p>\n<p>What impact do you think the <a href=\"https:\/\/twitter.com\/hashtag\/SEC?src=hash&amp;ref_src=twsrc%5Etfw\">#SEC<\/a>'s decision on a <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETF?src=hash&amp;ref_src=twsrc%5Etfw\">#ETF<\/a> will have on the market sentiment?<\/p>\n<p>A&hellip; <a href=\"https:\/\/t.co\/ZrUzEwYW2J\">pic.twitter.com\/ZrUzEwYW2J<\/a><\/p>\n<p>&mdash; BTCETF_Token (@BTCETF_Token) <a href=\"https:\/\/twitter.com\/BTCETF_Token\/status\/1733059533570773443?ref_src=twsrc%5Etfw\">December 8, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The presale for <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\"><span style=\"font-weight: 400\">BTCETF<\/span><\/a><span style=\"font-weight: 400\">, an ERC-20 token, is now priced at $0.0066, with further increases on the horizon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BTCETF&rsquo;s presale strategy is geared towards deflationary measures, with a plan to burn 25% of its token supply. Additional burns are triggered by specific milestones, including a 5% reduction if BTCETF&rsquo;s trading volume reaches $100,000.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\"><span style=\"font-weight: 400\">BTCETF<\/span><\/a><span style=\"font-weight: 400\"> imposes a 5% charge on all buy and sell transactions to complement these deflationary burns. Notably, the fourth milestone, tied to a $1 billion total assets under management (AUM) for Bitcoin ETFs, will see a reduction in the transaction tax from 2% to 1%, accompanied by a 5% burn of BTCETF tokens.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Future Milestones Tied to Bitcoin&rsquo;s Performance<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The fifth and final benchmark for BTCETF hinges on Bitcoin&rsquo;s price hitting the significant $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 eliminated.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As mainstream opinion aligns with expectations of Bitcoin ETF introductions in early 2024, significant cash inflows to new BTC ETF products could propel BTC to new heights, potentially leading to exponential increases in token prices from their current presale rates.<\/span><\/p>\n<p><iframe title=\"Spot Bitcoin ETF Price Predictions! How High Will BTC Go?!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/qkCbvt5sK-s?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400\">With the favorable outlook for Bitcoin ETF approvals, BTCETF and similar projects are poised for a promising start in 2024. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The deflationary tokenomics of BTCETF offers the price additional support, aligning with potential macro changes in the crypto landscape.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> As the cryptocurrency market matures towards widespread adoption, investors can position to gain from this significant evolution in the crypto investment landscape. <\/span><\/p>\n<p><span style=\"font-weight: 400\">So, as you watch the Avalanche price, remember not to miss out on the Bitcoin ETF Token presale amid its massive upside potential on listing.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcetftoken\" rel=\"nofollow\"><span style=\"font-weight: 400\">Get your Bitcoin ETF Token here<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-seen-at-530k-by-bloomberg-as-btc-etf-fever-spreads-and-bitcoin-etf-token-surges-past-3m\"><span style=\"font-weight: 400\">Bitcoin Price Seen At $530K By Bloomberg As BTC ETF Fever Spreads And Bitcoin ETF Token Surges Past $3M<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-saturday-2-december-chainlink-gas-bitcoin-etf-token\"><span style=\"font-weight: 400\">Next Cryptocurrency to Explode Saturday, 2 December &ndash; 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This comes as whales accumulate <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1951,"featured_media":464768,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-464764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Avalanche Price Prediction: AVAX Pumps 16% As Time Runs Out To Buy This Coin Primed To Explode With Bitcoin ETF Approvals - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The Avalanche price has jumped 16% in the last 24 hours to trade at $35.46 as of 12:30 a.m. EST. 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