Ethereum
Bitcoin and Ethereum are experiencing massive outflows, but these Altcoins continue to perform well » The Merkle News
Bitcoin (BTC) and Ethereum (ETH) have seen significant outflows in recent weeks. However, some altcoins have shown resilience in the face of recent market turmoil, and one in particular stands out among crypto enthusiasts and experts. ETFSwap (ETFS)a new blockchain-based project for trading tokenized ETFs, has taken the market by storm in its ongoing pre-sale phase 1.
Market Outlook on Bitcoin (BTC), Ethereum (ETH), and Altcoins
Despite the optimistic atmosphere following the Bitcoin halving, recent market trends have not been very promising. This has left experts divided on the direction of the market as bearish sentiments loom over the landscape.
The latest edition of the Coinshares Digital Asset Fund Weekly Report observed a weekly release of $435 million, the highest since March and the third consecutive week of digital asset investment product releases. According to the report, these outings were recorded mainly on Bitcoin (BTC) And Ethereum (ETH)with $423 million and $38 million respectively.
During the same period, investment products shorting Bitcoin (BTC) saw inflows of around $1.3 million. This shows that market participants are increasingly interested in hedging or profiting from downward movements in the price of BTC, which is now trading just above $60,000.
Despite the decline in outflows from Grayscale assets, the asset manager still accounts for the bulk of market outflows, recording $440 million during the reporting week. CoinShares also reported an inflow of $126 million, down from $254 million the previous week. The market situation is also putting additional pressure on the price of Bitcoin and Ethereum, but altcoins appear to be weathering the storm.
Altcoins somehow managed to resist the bearish wave and gain $7 million in inflows, as reported by CoinShares. The report explains that this is due to investors’ preference for multi-coin investment products, with Solana (SOL), Litecoin (LTC), Chainlink and, even more recently, ETFSwap (ETFS) being the most popular choices.
The new traction for ETFSwap (ETFS) is understandable, given its extremely undervalued presale price and the potential for massive upside.
ETFSwap (ETFS) creates a new market niche
ETFSwap (ETFS) has taken the market by storm with its ongoing pre-sale as the project continues to raise funds. This represents an opportunity for early investors to exploit this innovative market niche, poised for massive growth.
ETFSwap (ETFS) is a new platform for trading ETFs on-chain via asset tokenization and several other DeFi solutions. By leveraging blockchain for ETF trading, users can enjoy new benefits such as access to liquidity, fast settlements, easy conversion of ETF assets to cryptocurrencies, passive income from token staking and true borderless, permissionless trading.
ETFSwap (ETFS) offers investors the flexibility to manage a portfolio of multiple asset types and customize their trading strategies based on their preferences. It manages to combine the best features of centralized and decentralized markets and does not require KYC, thus eliminating the interference of banks and intermediaries of any kind.
Additionally, ETFs traded on the platform are backed by real assets purchased on financial markets. This model is possible because ETFSwap (ETFS) collaborates with MiCa-compliant regulated banks that trade securities and cryptocurrencies.
Additionally, ETFSwap (ETFS) allows you to take up to 10x leveraged positions to maximize your returns with your tokenized ETF assets, thereby increasing investor profit margins.
Early investors are currently the biggest winners from the ongoing crisis. ETFSwap (ETFS) pre-sale because the project refused investments from venture capital (VC) companies to democratize access to the current opportunity.
The ongoing pre-sale of stage 1 has raised more than $250,000, after a first private stage which raised $750,000 in 3 days. The presale is selling out quickly at the current price of $0.00854. Experts also highlighted the exciting opportunity to get gains of more than 2x before the stage 2 presale begins at $0.01831, and up to 100x earnings once the token is listed on the stock market and reached $1.
Buy the ETFS token now in presale with the ongoing discount and get possible 100x gains.
For more information on the ETFS presale:
Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.