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Cryptocurrency News Articles

ETFS and NEAR Tokens Weather Market Storm, Poised for Growth

Apr 25, 2024 at 05:09 am

Amidst the cryptocurrency market's turbulence, ETFswap (ETFS) and Near Protocol (NEAR) have demonstrated resilience, buoying their investors' confidence. ETFswap's successful private sale and presale attracted investors, including those from Chainlink (LINK), which faces a potential 25% price drop. Near Protocol, poised for a rally, has already broken past two resistances and could potentially rise by 50% based on historical trends.

ETFS and NEAR Tokens Weather Market Storm, Poised for Growth

In the tumultuous waters of the cryptocurrency market, two tokens, ETFswap (ETFS) and Near Protocol (NEAR), have weathered the storm with remarkable resilience, leaving their investors buoyant amidst the market volatility.

Near Protocol (NEAR): On the Cusp of a Rally

Near Protocol (NEAR), a formidable competitor to Ethereum (ETH), has carved a niche for itself as a developer-friendly platform that excels in hosting decentralized applications (dApps). Over the past year, its native token, NEAR, has shattered two critical resistance levels: $2.70 and $3.40 in December 2023.

Upon retesting the $2.70 resistance level in January, NEAR signaled an upward trajectory towards the $6.08 resistance. Price experts anticipate a historical reprise, with NEAR's next target set at $10.24, representing a 50% increase from its current price level, mirroring its December 2023 surge.

Moreover, a breach of the $10.24 resistance could propel NEAR to the $15 mark. At the time of writing, NEAR trades at $5.69, solidifying its position as the 20th largest cryptocurrency by market capitalization according to Coinmarketcap.

Chainlink (LINK): Facing a Potential 25% Drop

Chainlink (LINK), a blockchain oracle system that bridges blockchains with real-world data, has its investors on edge. Price experts have warned of a potential 25% decline to $13.08 if the bulls fail to maintain their momentum and cede control to the bears.

In early April, Chainlink (LINK) struggled to maintain the $16.86 support level. A price recovery to $20.70 would negate the bearish thesis. Currently priced at $14.30 and ranked 18th by Coingecko, LINK remains vulnerable to further price drops, hovering just above the $13.08 threshold. This uncertainty has促使Chainlink (LINK) investors to seek refuge in more stable investments, such as ETFswap (ETFS).

ETFswap (ETFS): Gracing Investors with Private Sale Success

ETFswap (ETFS), a blockchain platform that tokenizes assets, aims to bridge the gap between decentralized finance (DeFi) and traditional finance by creating tokenized versions of exchange-traded funds (ETFs). ETFs, the current darling of the blockchain industry, scored a significant victory on April 15, 2024, with Hong Kong regulators approving spot Bitcoin and Ethereum ETFs.

This landmark approval underscores the enduring presence of ETFs in the crypto landscape, and by tokenizing these assets, ETFswap (ETFS) democratizes access for all crypto investors. However, trading tokenized ETFs requires holding ETFS, the platform's native token, which serves as a utility token, unlocking the benefits of trading tokenized ETFs.

Furthermore, ETFS holders wield voting rights, empowering them to shape the platform's direction. To attract institutional investors, ETFswap (ETFS) conducted a private sale, securing $750,000 from two institutional investors and three angel investors, injecting vital capital into ecosystem development.

The successful private sale paved the way for the public sale, offering ETFS tokens at $0.00854 per coin in the stage 1 presale event. Stage 2 will commence at a higher price of $0.01831, guaranteeing profit for stage 1 participants. Currently, over 22 million tokens have been sold, with astute investors flocking to acquire this token with immense potential.

Experts predict a staggering 10,000% price surge, translating to a potential 100x return on investment. Don't miss out on this extraordinary opportunity. Join the ranks of savvy investors and participate in the ETFS presale today, maximizing your chances of reaping a 100x yield.

Additional Resources for ETFS Presale:

  • ETFSwap Presale: [Link]
  • ETFSwap Community: [Link]

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Other articles published on Dec 29, 2024