.png){kind=logo}
Crypto investors have been massively accumulating their preferred cryptocurrencies since the Fed rate cut. Bitcoin whales are among these investors, as they have bought a significant amount of BTC since then, leading to predictions that the BTC price can reach $70,000 soon enough. These Bitcoin whales have also bought up to 1 million ETFSwap (ETFS) tokens, as there are predictions that the token can reach $5.
Bitcoin whales have bought 1 million ETFSwap (ETFS) tokens these past few days in the token’s ongoing presale. The reason for this move isn’t farfetched, as analysts predict that ETFS will rise to as high as $5 in this bull run. Moreover, these Bitcoin whales also feel a sense of urgency because of the ETFSwap beta platform, which is set to launch soon enough.
Such bullish developments like the beta platform launch could spark a massive rally for the crypto token. The ETFSwap (ETFS) team has already announced that investors will soon be able to experience the platform’s groundbreaking technology. The platform will revolutionize exchange-traded fund (ETF) trading by enabling investors to trade these traditional assets on-chain.
One interesting feature that has stood out among the decentralized finance (DeFi) platform’s offerings is its user-friendly interface. Investors will be able to easily convert their tokenized ETFs to crypto assets and vice versa using the platform’s native token ETFS. Interestingly, this is one of the features that will be rolled out from the start, as the team confirmed that they are currently testing the UI, after which phase 1 of the beta platform will be unveiled.
The ETFSwap (ETFS) beta platform launch will undoubtedly be historic, considering that this is a first-of-its-kind offering that will allow investors to access the traditional and crypto markets in one place. ETFSwap’s offering is even more attractive, considering that investing on the platform is hassle-free.
The platform does not require Know-Your-Customer (KYC) registration, meaning investors can start investing quickly. These investors will also be able to invest anonymously, as the decentralized trading platform will integrate zero-knowledge (ZK) proof technology. Therefore, users do not need to reveal their identity or any other sensitive information.
The platform will also offer 24/7 market coverage, as investors will be able to buy, sell, and trade their assets at any time. This includes their tokenized ETFs, meaning that they can benefit from the gains that stocks make after the traditional market has closed.
The money-making opportunities on ETFSwap (ETFS) have also attracted many investors and will continue to attract more, especially when phase 2 of the beta platform goes live. The team announced that the staking features and liquidity pools will be introduced during phase 2. That is when investors will be able to stake their ETFs and crypto assets and earn juicy staking rewards. They can also provide liquidity and earn up to 30% of fees from token swaps.
Data from the on-chain analytics platform Whale Alert shows that Bitcoin whales have transferred 25,982 BTC in the last 24 hours. This accumulation trend among these Bitcoin whales is significant as it could send the BTC price to $70,000. $70,000 is a resistance level that Bitcoin (BTC) has failed to successfully break above since it hit its current all-time high (ATH) of $73,000 in March.
However, that could change this time around thanks to the Fed rate cut, which is set to cause more liquidity to flow into the Bitcoin (BTC) ecosystem. This recent accumulation by these Bitcoin whales proves that there is already a surge in the inflows into Bitcoin (BTC). Therefore, this time could be different, with Bitcoin reaching $70,000 and successfully breaking above it.
While Bitcoin whales continue to buy both Bitcoin (BTC) and ETFSwap (ETFS), there is no doubt that ETFS is the better investment option since investors can make up to 100x returns when its price surge to $5 happens. Therefore, you can’t afford to miss out on ETFSwap (ETFS) while it is still selling at a discounted price of $0.03846 in its ongoing presale.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
