As the crypto market prepares for another possible bull run, investors and traders are looking for the next big opportunities to maximize their returns. With various crypto assets in the market, it can be challenging to identify the coins with the most promising prospects.
Leading cryptocurrencies Cardano (ADA) and Polygon (MATIC) have previously recorded impressive price gains in the past but are now struggling to make a mark in the crypto market. This has led many to believe that their time have passed in the market.
However, new tokens like ETFSwap (ETFS) are impressing investors, especially with its potential for 100x returns.
Cardano (ADA) Smart Contract Functionality Still Under Development
Cardano (ADA) was founded by Charles Hoskinson in 2017 and has achieved a lot since then. One such achievement was the Alonzo hard fork in August 2021, which brought smart contract capabilities to the network and led to a remarkable 116% surge in Cardano’s (ADA) price the following month.
The Cardano (ADA) network’s focus on scalability, security, and sustainability, together with its careful research-based approach, has earned it a strong reputation. Its Ouroboros proof-of-stake consensus mechanism offers enhanced security and energy efficiency compared to traditional methods, making it an excellent platform for environmentally conscious investors.
Additionally, Cardano’s (ADA) development of smart contract functionalities makes it a suitable network for decentralized applications (dApps). However, despite Cardano’s (ADA) strengths, the network’s native token, ADA, has greatly underperformed and failed to meet crypto investors’ expectations.
Cardano’s (ADA) underperformance is also evident in the fact that the crypto token is one of the few coins in the top 100 that has failed to make any year-to-date (YTD) gain, continuing to struggle below $1. As a result, crypto investors are exiting the Cardano (ADA) ecosystem in search of greener pastures.
Polygon (MATIC) Returns Not As High As Expected
Polygon (MATIC) is a layer-2 network designed to help scale the Ethereum (ETH) network by reducing transaction costs and increasing transaction speed. Its Plasma sidechain architecture provides a high-throughput network, allowing decentralized applications (dApps) to scale easily without compromising speed or price. This developer-friendly environment promotes an ecosystem where there’s a lot of creativity.
The network’s native token, MATIC, fuels this ecosystem by serving multiple purposes. Users pay MATIC for transaction fees, participate in governance by voting on proposals that shape Polygon’s future, and even contribute to the network’s security through staking, earning rewards in the process.
However, despite the network’s impressive capabilities, the MATIC token has failed to impress investors, who are seemingly not satisfied with the returns they have made since the token launched. Indeed, Polygon (MATIC) has had relatively unimpressive price action and has failed to find support above the $1 price level despite briefly rising above it in early 2023.
ETFSwap (ETFS): Token’s 100x Potential Drawing Investors
Crypto investors are rushing to accumulate the ETFSwap (ETFS) token as crypto experts predict that its price could experience a 100x price increase in this bull run. The reason for this bullish outlook isn’t farfetched, considering the offerings of the ETFSwap platform.
ETFSwap (ETFS) is a Decentralized Finance (DeFi) platform that offers a user-friendly interface designed explicitly for exchange-traded fund (ETF) trading, and this user-friendly approach is already attracting even users from the Web2 space. New money is expected to flow into the ecosystem as this trend continues, with the ETFS token set to be the biggest beneficiary of this liquidity.
While projects like Cardano (ADA) and Polygon (MATIC) have great functionalities, ETFSwap (ETFS) has its distinct niche within DeFi. Compared to Cardano’s still-developing smart contract functionality, ETFSwap (ETFS) offers a more immediate entry point for investors looking to access a unique offering like on-chain ETF trading.
With its presale stage 1 ending in less than 25 days, there’s no better time than now to buy the ETFSwap (ETFS) token at the mouthwatering price of $0.00854 per token.
For more information about the ETFS Presale:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.