Cryptocurrencies are generally volatile assets affected by several factors, which can result in a massive uptrend in price or a sharp drop in value. Recently, two crypto tokens, Avalanche (AVAX) and Chainlink (LINK), experienced dips in price as the bulls in the crypto market battle for control over the bears.
However, experts noticed another token, ETFswap (ETFS), which managed to remain resilient despite market fluctuations, speculating it has the potential to increase by 4000% in its ongoing presale. Let's discuss the reason for their optimism.
Crypto Expert Says ETFSwap (ETFS) Will Rally 4000%
ETFswap (ETFS) introduces the concept of tokenized exchange-traded funds (ETFs), which will enable members of the crypto community to directly invest in all types of asset classes, including Gold, Silver, stocks, and bonds, on the blockchain.
To make this possible, ETFswap (ETFS) provides a comprehensive web3 marketplace equipped with 24/7 liquidity and real-time blockchain data, enabling traders to track the progress of the asset. ETFswap (ETFS) also introduces tools like ETF Finder, which will assist users in identifying ETFs that suit their investment strategy and those permitted for trading by governmental regulators in their specific regions.
Then, the platform will also employ a DeFi protocol Zero-Knowledge proofs to ensure the privacy of its users during transactions, in turn championing anonymity. Further, new users can access the network without needing to fill out Know Your Customer (KYC) forms, which will require them to disclose personal information that can be exploited online.
However, to benefit from all these features, users will need to hold ETFS, the platform's native token, which will not only serve as the key to unlocking all the features available on the network but will also serve the purpose of governance. Also, as part of the platform's yield-generating structure, users can make passive income through the competitive annual percentage yield on the network when they stake their tokens in the platform staking pool.
Avalanche (AVAX)
Avalanche (AVAX) is regarded by many as the fastest blockchain in the crypto industry due to its almost instant transaction execution speed.
Avalanche (AVAX) employs the proof-of-stake algorithm to achieve consensus, making it secure and scalable. Its native token, AVAX, serves utility and governance, enabling holders to use their tokens as votes against or in support of an improvement proposal on the network.
Avalanche (AVAX) started June 2024 with a 15% market dip, sliding to $36.65, causing unrest in the hearts of investors who are beginning to get skeptical about the subsequent trajectory of the token. Currently, Avalanche (AVAX) has experienced a further dip in price to $34.78, ranking 12th in the crypto market according to data from Coinmarketcap.
Chainlink (LINK) Leads Altcoin Drawdown
Chainlink (LINK) is a decentralized Oracle network system built on the Ethereum (ETH) network to connect data from off-chain sources to the blockchain using smart contracts. LINK, the Chainlink native token, is instrumental in its operation and serves as a governance tool, giving holders voting rights to make decisions on the network.
Chainlink has consolidated below the $20 mark, proving to be a significant resistance for the token. If it continues to be in this limbo state, it could experience a further decline in price or increase sporadically. However, this uncertainty is putting doubts in the hearts of investors, who have yet to recover from the token 66% drop from its all-time high of $52. Currently, Chainlink (LINK) trades at $17.64 and ranks 13th in the crypto market, according to Coinmarketcap.
ETFSwap (ETFS) Presale And Conclusion
ETFswap (ETFS) is currently in its presale season and calling to all in the crypto community to join in on this amazing opportunity to reap a profit on their investments.
Over 200 million tokens have been sold, and seeing its resilience despite a turbulent market compared to Avalanche (AVAX) and Chainlink (LINK), experts are confident that ETFS is on the verge of surging by 4,000%. So what are you waiting for? Hurry today to purchase ETFS, so you don't miss out on an opportunity to increase your portfolio tremendously.
