A prominent crypto analyst has made a bold prediction about Bitcoin (BTC), unveiling when the pioneer cryptocurrency would reach its new all-time high. Meanwhile, two altcoins of crypto projects – ETFSwap (ETFS) and Retik Finance (RETIK) are set to follow in Bitcoin’s footsteps to reach new ATHs in the upcoming bull market in 2024.
ETFSwap (ETFS) Set To Reach New All-Time High Above $5
ETFSwap (ETFS) is a decentralized exchange where users can swap cryptocurrencies for tokenized exchange-traded funds (ETFs). Its native token, ETFS, has been growing in popularity and gaining the attention of thousands of investors globally.
Due to the token’s robust utility and ability to provide users access to the trillion-dollar ETF market through ETFSwap, many crypto analysts believe that the ETFS altcoin is on track to reach new all-time highs above $5 this bullish season.
ETFSwap (ETFS) allows users to buy and trade institutional EFTs such as cryptocurrency spot and futures ETFs, leveraged ETFs, commodity ETFs and fixed-income ETFs. Investing in these ETFs exposes users to different sectors of the world which have multi-trillion dollar valuations, such as energy, technology, healthcare, and commodities.
At the center of ETFSwap’s dynamic ecosystem is its native token, ETFS, which expedites transactions on the platform and enables trading of tokenized institutional ETFs. Investing in this innovative token offers users access to the numerous trading features on ETFSwap (ETFS), including staking options and voting rights for the platform’s governance.
ETFSwap (ETFS) also boasts robust security and privacy protocols, having undergone a stringent audit by CyberScope, a prominent cybersecurity and blockchain company. The audit’s findings indicated no critical vulnerabilities in ETFSwap’s smart contracts, highlighting the platform’s resilient infrastructure and fortitude against cyber threats.
Additionally, the platform has removed the need for KYC verifications, effectively streamlining a user’s account opening process while also restricting interference from regulators and protecting their privacy and identity.
As a decentralized trading platform, ETFSwap (ETFS) offers numerous trading advantages and opportunities for both traders and investors. This platform offers up to 10x leverage on all trades, low trading fees, staking rewards and an automatic monthly airdrop reward for token holders.
Presently, ETFSwap’s presale is underway, and tokens are being sold at a discounted price of $0.00854. In just a week, the platform has sold over 85 million ETFS tokens, with thousands being sold daily. This elevated demand is attributed to ETFSwap’s burgeoning potential, as investors purchase tokens ahead of ETFS’s projected surge to new all-time highs above $5.
Crypto Analyst Says Bitcoin (BTC) Could Surge To New ATHs
In a recent x (formerly Twitter) post, crypto analyst Willy Woo predicted that Bitcoin (BTC) could reach its next all-time high soon. Sharing a price chart of Bitcoin’s price movements from 2023 to 2024, Woo explained that Bitcoin (BTC) has been stagnant over the past two months, with the Bitcoin (BTC) available in the market quietly being accumulated while spot and “paper” Bitcoin (BTC) reserves have dwindled in the last few years.
Notably, the crypto analyst has pointed out that the decrease in Bitcoin’s supply and increase in demand was a bullish signal for the pioneer cryptocurrency. He predicts that “it is only a matter of time before BTC squeezes past all-time high.”
At the time of writing, Bitcoin (BTC) is trading for $68,812, reflecting a decrease of 0.42%, according to CoinMarketCap. The cryptocurrency previously witnessed an all-time high earlier in March 2024, surpassing $73,000 as the hype of Spot Bitcoin ETF approval fueled its price increase.
Retik Finance (RETIK) ATH Threatened By Ongoing Declines
Following the launch of its platform and native token, Retik Finance (RETIK) was performing well, fueled by the success of its presale. Due to the crypto project’s popularity, many saw Retik Finance (RETIK) surging to new all-time highs. However, Retik Finance (RETIK) has fallen short of expectations, experiencing steep declines that may threaten its growth.
The cryptocurrency‘s daily trading volume is also down significantly, declining by 8.79%. Despite achieving a market capitalization of $614.7 million, Retik Finance (RETIK) finance is currently recording a 0.00% increase in its market cap.
Conclusion On ETFSwap (ETFS) Road Map To New Highs
Unlike Bitcoin (BTC) and Retik Finance (RETIK), ETFSwap (ETFS) has seen a notable increase in investors and crypto enthusiasts on its platform, underscoring investors’ sentiment regarding ETFSwap’s future potential. ETFS, the native token of the ETFSwap ecosystem, is already charting a course to new all-time highs ahead of the 2024 bull market.
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