ETFSwap (ETFS) Presale Goes Viral With $10 Million Target, Outshining Avalanche (AVAX) And Polygon (MATIC)
Recently, the crypto market has continued to battle with the bearish wind, as Bitcoin (BTC), the largest asset in the crypto market, sunk below $65,000, and Ethereum (ETH) struggles to retain the $3,500 level.
However, amidst this bearish trend, an ETF token ETFswap (ETFS) is seeing increased investor interest in its presale event as it inches closer to its $10 million target.
Experts are, therefore, confident that ETFswap (ETFS) has what it takes to outshine Avalanche (AVAX) and Polygon (MATIC). Let’s see the reason for their optimism.
ETFSwap (ETFS) Disrupts The ETF Market With Tokenization Of Assets
ETFswap (ETFS) is a crypto ETF trading platform that introduces the unique option of trading tokenized exchange-traded funds (ETFs). This tokenized version of ETFs will represent its traditional counterpart 1:1 on the blockchain, making it possible for all in the crypto industry to invest in several asset classes across numerous industries on a single interface.
ETFswap (ETFS) will leverage artificial intelligence (AI) backed trading tools like ETF Screener and ETF Tracker to provide users with the best trading experience. The AI tools will assist traders in making the best trading decisions with accurate predictions on their preferred assets by analyzing historical data, market sentiments, trends, and pattern recognition.
Further, ETFswap (ETFS) will protect its users’ identities by using a DeFi protocol, Zero Knowledge Proof, which ensures the privacy of individuals and enables them to make anonymous transactions. ETFswap (ETFS) also features a standard ERC-20 token as its native token, serving as a utility to the entire network.
Therefore, users will need to hold a portion of this token to unlock all the features on the platform, including trading tokenized ETFs. However, holding the token will also grant users voting rights to influence the decisions made on the network, and they can also earn over 87% annual percentage rate as passive income through staking on the platform pool.
Avalanche (AVAX) Risks Dropping To $25
Avalanche (AVAX) is a smart contract platform known for its developer friendliness, which facilitates decentralized applications and autonomous blockchain. Its native token, AVAX, has experienced a 28% drop in price since June 7, 2024, and currently risks dropping to a significant support level of $25. Also, analysis of its daily charts shows its relative strength index (RSI) has reached 28, indicating an oversold environment.
If Avalanche (AVAX) also falls below $25, its next stop would be a stronger support level at $20. However, Avalanche (AVAX) currently trades at $27, ranking 13th in the crypto market according to the data from Coingecko.
Polygon (MATIC) In The Clutches of Bears
Polygon (MATIC) is a layer two blockchain that solves Ethereum’s (ETH) scalability issues by creating a multi-chain blockchain system compatible with the network.
A recent analysis of its native token, MATIC, indicates that it has fallen into a bearish phase. Its MVRV long/short difference metric was -13.37%. The MVRV long/short difference is a metric used to determine whether a token’s current state is bullish or bearish.
A reading above 1 is bullish, and below zero is bearish. So with -13.37% polygon (MATIC), bulls have not taken charge in a long time, leaving the token at the mercy of the bears. Currently, Polygon (MATIC) trades at $0.57 and ranks 23rd in the crypto market, according to data from Coingecko.
ETFSwap (ETFS) Presale Flourishes As Avalanche (AVAX) And Polygon (MATIC) Struggles With Bears
As Avalanche (AVAX) and Polygon (MATIC) struggle with bearish dominance, the bulls, on the other hand, have the upper hand on ETFswap (ETFS), which continues to offer its native token ETFS in an ongoing presale at $0.01831.
Part of why the bulls dominate ETFS is because all who purchase it at this current price will soon experience automatic profit on their investments when its price increases to $0.03846. Also, with the influx of purchases, ETFswap (ETFS) is on the verge of hitting its $10 million target. There is no time to waste: Buy ETFS today!
For more information about the ETFS Presale:
Angel Marinov is the Managing Editor at Coinlabz. With extensive knowledge of crypto payments and blockchain use cases, Angel is a trusted source of accurate and timely information
