Bitcoin (BTC) Price Prediction: BTC Could Hit $500k During This Bull Cycle

Bitcoin (BTC) has witnessed huge price growth since Trump's victory with the new administration widely regarded as more supportive of cryptocurrencies

After Donald Trump's victory and Bitcoin's new all-time high (ATH), here's a look at the top crypto coin that could follow the same bullish trajectory and hit over $100k in the next few days.

Bitcoin has continued its upward trend, setting a new ATH in the past 24 hours. The BTC price has soared by over 50% since Trump's victory. With Bitcoin's Moving Averages (MA) showing strong bullish signs and other major key indicators flashing green signals, the BTC price could surpass $110k in a few days.

Meanwhile, Elluminex (ELX) is another top crypto coin that could follow the same bullish trajectory. Although in presale, the new DeFi coin is showing signs of market dominance, driven by its quest to revolutionize the TON blockchain. The new project hopes to address issues related to high fees, complex interfaces, and limited access to investment opportunities in the DeFi market.

Bitcoin Price Prediction: BTC Could Hit $500k During This Bull Cycle

After setting a new all-time high, crypto experts are sharing their predictions for the next Bitcoin price target. Some believe that the BTC price could hit over $500k during this bull cycle.

According to Bitcoin CoinMarketCap data, the Bitcoin trading volume has skyrocketed by 67% to over $72.96B as the BTC market cap hits $2.1T. In the YTD price metrics, the popular crypto price has surged by 151%.

Having surpassed the $106k resistance trendline, if it is able to bypass the $108k resistance, the Bitcoin price will hit $110 this month.

Elluminex: The Ultimate DeFi Solution For Tracking And Trading Of Digital Assets

Elluminex (ELX) is a unique DeFi hub that aims to solve issues affecting the DeFi ecosystem. Elluminex is set to launch on the TON blockchain, expanding the network's capabilities and boosting its potential to rival networks like Ethereum and Solana.

With Elluminex bringing DeFi to the TON network, the network's capabilities will be expanded, and the level will be heightened, similar to how Jupiter brought cross-chain DEX to the Solana ecosystem.

This move will attract more developers and projects to launch on the chain. Also, a DEX platform like this will bring cross-chain and bridging solutions that these projects need to access the massive liquidity in the market.

When Jupiter was launched on the Solana ecosystem and PancakeSwap on the Binance Chain, various positive effects similar to what Elluminex offers were noticed.

With multiple entry and exit routes for traders, users will be more than willing to provide liquidity to projects launching on the chain.

Plans to integrate decentralized exchange, staking, farming, cross-chain bridge, portfolio tracker, and pre-market access are in place to boost the DeFi experience, making it easier to access for both new and experienced users.

The AI powered portfolio tracker is designed to allow users to track data, gain insights, and stay updated about market conditions.

Given that Elluminex has a strict supply of just 350M tokens with 50% allocated for presale, the ELX token scarcity is imminent which will drive the price up.

With plans to bring DeFi to a network with over 950m active users, the ELX coin could become the hottest DeFi token in the coming weeks.