Cardano And Shiba Inu Battle For Top 10 Crypto Spot, But Analysts Say Ethereum Is Headed To $6,000
The last few months in the crypto industry have been a rollercoaster ride. The bullish momentum that accompanied the US Securities and Exchange Commission's approval of Spot Ethereum ETFs triggered bullish sentiment. Further, there seems to be a tussle between Cardano (ADA) and Shiba Inu (SHIB) for the top 10 crypto spot in the market as they continue to edge each other out.
However, the more recent development is analysts' speculation on Ethereum (ETH) price following the approval of spot Ethereum ETFs by US regulators and the emergence of the crypto ETF trading platform ETFswap (ETFS). This article discusses why ETFswap (ETFS) has gained the spotlight in the crypto market and analysts' Ethereum (ETH) price predictions.
ETFSwap (ETFS): An All In One Crypto And ETF Trading Platform
ETFswap (ETFS) is a blockchain platform that emerged into the crypto scene at a time when crypto-related exchange-traded funds (ETFs) like spot Bitcoin and Ethereum ETFs are beginning to gain traction among investors.
However, unlike other ETF trading platforms, ETFswap (ETFS) introduces the unique option of trading tokenized ETFs by merging blockchain technology with ETFs. The tokenized ETFs will usher in a new era, reshaping the way crypto community members interact with exchange-traded funds and exposing them to assets across several industries, such as healthcare and energy.
Traders who choose to trade tokenized ETFs will gain access to a Web3 marketplace tailored to assist experts and newbies in getting the best trading experience. Also, since the tokenized ETFs will be on the blockchain, users will be able to access advanced AI trading tools and real-time data, which will help them make the best decisions when trading.
As a decentralized ETF trading platform, users can carry out permissionless and borderless trading at any convenient time compared to trading on centralized platforms, which are confined to specific trading hours.
At the core of ETFswap (ETFS) is ETFS, its native token, which will be instrumental in how the platform operates; therefore, all users who want to unlock access to all the features on the network, including trading tokenized ETFs, will need to hold some portion of the token.
Ethereum Heads To $6,000 As Shiba Inu And Cardano Battle
After the spot Ethereum ETFs approval, many analysts had speculated that Ethereum would experience a massive surge to $6,000. However, others like renowned technical analyst Yoddha have made a bolder prediction, speculating that Ethereum (ETH) will reach $10,000 by the end of 2024.
The reason for their bullish stance on Ethereum (ETH) is not far-fetched because the spot Ethereum ETF product will funnel fresh investments into the crypto market and the Ethereum (ETH) ecosystem, in turn boosting its value.
As all in the crypto community anticipate the subsequent trajectory of Ethereum (ETH), Shiba Inu (SHIB) and Cardano (ADA) continue to fight for the top 10 spot in the crypto market, as Shiba Inu (SHIB) briefly flipped Cardano (ADA) from the 10th position in the crypto market a few weeks ago.
However, according to Coinmarketcap data, Cardano (ADA) reclaimed its position and currently ranks 10th in the crypto market, while Shiba Inu (SHIB) slipped to 11th. Both Cardano (ADA) and Shiba Inu have since been usurped by Toncoin’s TON though, pushing them further down on the list.
ETFSwap Presale Rides Spot Ethereum ETF Waves As Shiba Inu And Cardano (ADA) Struggle
As anticipation for spot Ethereum ETF continues to grow, many are trooping into the ETFswap (ETFS) ongoing presale since it holds the key to accessing tokenized ETFs. Currently, ETFS is offered at a low price of $0.01831 per coin. However, aside from giving them access to tokenized ETFs, ETFS will also be a yield-generating avenue as its price will soon increase to $0.03846.
Also, as part of its development strategy, ETFswap (ETFS) intends to launch its ETF by 2025, but before that, its beta platform launch is set to occur in less than 30 days. There is no better time to buy ETFS than now to benefit from this unique ecosystem. So, make that move today!
For more information about the ETFS Presale:
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