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Cryptocurrency News Articles
ETFSwap (ETFS) Prepares For 50,000x Rally Amidst Presale
Oct 12, 2024 at 08:00 am
ETFSwap (ETFS) is a crypto ETF trading platform that emerges into the crypto scene as crypto-related ETFs gain solid footing in the market.
The crypto market experienced contrasting fortunes recently, with several top assets enjoying a brief respite and registering gains. However, XRP price remained an outlier, hindered by the ongoing court battle that continues to cast a shadow over the token. This development prompted crypto analysts to adopt a bearish stance on XRP price, while remaining bullish on an ETF token ETFS, predicting a 50,000x surge during its presale.
In this article, we delve into these latest market movements and provide an in-depth analysis of the factors influencing XRP price and the surging interest in the ETFS token.
Crypto Market Experiences Turmoil: XRP Price Falters, ETFSwap (ETFS) Surges In Presale
Cryptocurrency markets experienced contrasting fortunes over the past week, with several top assets, including Bitcoin (BTC) and Binance Coin (BNB), enjoying a brief respite and registering gains. However, XRP price remained an outlier, hindered by the ongoing court battle that continues to cast a shadow over the token.
According to crypto analysts, XRP price has consolidated around the $0.53 range for four days in a row after breaking below its ascending trend line last week. XRP price also failed to cross its daily resistance on October 7, 2024.
Moreover, on-chain data shows a spike in Ripple (XRP) NPL metric and a decrease in its daily trading volume, suggesting a strong bearish sentiment and an imminent decline in XRP price.
In technical analysis, NPL, also known as network realized profit and loss, measures market pain. Therefore, a spike in the NPL metric suggests a bearish takeover as holders sell their coins for profit.
Spikes in the NPL metric usually occur during market tops, indicating that a large number of traders are booking profits and exiting the market. This phenomenon is often followed by a bearish trend.
However, XRP price could still experience a brief rally if it manages to gather enough buying pressure to propel it above its daily resistance. Failure to do so could lead to a decline towards the lower support levels, which are crucial for determining XRP price’s next move.
On the other hand, crypto analysts remain bullish on an ETF token ETFS, predicting a 50,000x surge during its presale. This development comes as crypto-related ETFs gain a solid footing in the market, attracting attention from both traditional and crypto investors alike.
Among the various crypto ETF trading platforms, ETFSwap (ETFS) is emerging with a unique approach, blending traditional and decentralized finance through the tokenization of assets. This unique style distinguishes ETFS from other platforms in the market.
With ETFSwap (ETFS), everyone in the crypto community can access ETFs, which are typically reserved for a select group of investors. Through the platform, users can gain exposure to a wide range of traditional assets, including stocks, bonds, and precious metals, all within the decentralized crypto realm.
Furthermore, the DeFi aspect of ETFSwap (ETFS) enables each asset to be tracked with real-time blockchain data, empowering users to make well-informed decisions when trading.
In a recent announcement, the ETFSwap team unveiled phase 1 of its beta platform, opening it up to all users to experience its sleek features firsthand. After conducting thorough UI testing, the ETFSwap team has deployed the beta platform on a test net, where it is currently undergoing rigorous testing.
Once fully launched, users will be able to stake tokens for rewards, access liquidity pools, and buy and sell ETFs. The beta platform will also feature a live ETF price tracker, which will help keep buyers and sellers updated before making investment decisions.
To gain access to all these features, users will need to purchase the platform’s native token, ETFS. The only way to acquire the token is through the platform’s ongoing presale event.
In this presale, everyone can purchase ETFS at a low price of $0.03846 per coin. Once the presale ends, the window to buy at this low price will close; therefore, investors from all regions are rushing to buy ETFS now.
Don't miss out on this opportunity to own ETFS and be a part of the crypto ETF revolution. Visit the ETFSwap website now and join the presale to secure your chance at massive gains.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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