Bitcoin (BTC) peaked in March 2024, recording a new all-time high of about $73,000. Though the flagship asset has shed some of its value, dropping to the $69,000 level, Bitcoin (BTC) recently entered the significant 1.1 million BTC demand zone. Also, at the same time, another Bitcoin ETF token, ETFswap (ETFS), crossed the 200 million milestone in its ongoing presale event. Let’s see what that means for both tokens.
ETFSwap Takes DeFi By Storm With ETF Tokenization
ETFswap (ETFS) aims to bridge the gap between decentralized and traditional finance by tokenizing exchange-traded funds (ETFs). Since ETFswap (ETFS) is one of the first blockchain platforms to offer this option when investing in ETFs, it has positioned itself as a premier platform for securing these asset classes on-chain.
The tokenized ETFs will directly represent traditional ETFs 1:1 on the blockchain, making it possible for traders to track their progress before making investment decisions. Further, experienced traders can benefit from the platform’s leverage trading option to increase their earnings with very little capital by using up to 10x leverage when trading. They can also access the fractional ownership offer, which will help them amplify their portfolio with diverse assets.
The tokenized ETFs, however, will be convertible to crypto tokens and fiats, giving them an edge over their traditional counterparts, which can only be converted to fiats. However, to trade or convert tokenized ETFs, users must hold a portion of the platform’s native token, ETFS. ETFS functions as a standard ERC-20 token, enabling holders to access all the ETFswap (ETFS) ecosystem features.
As a cherry on top, token holders will be granted voting rights, allowing them to influence the network’s governance directly. They can also make passive income through the mouthwatering annual percentage yield by staking their ETFS or other coins on the platform staking pool.
Bitcoin (BTC) Enters A Unique Demand Zone
According to crypto intelligence firm IntoTheBlock data, Bitcoin (BTC) has entered a robust demand zone at $66,900 and $68,900. Around this level, buying activity seems to increase as over 2 million users have accumulated 1.1 million Bitcoin (BTC). Many experts believe this demand zone acts as a buffer, indicating traders’ interest level in investing in the flagship asset.
Therefore, the demand zone has helped Bitcoin (BTC) remain stable at the $69,000 level despite market fluctuation, so analysts are bullish on the coin. One such analyst is world-class crypto trader Peter Brandt, who speculates that Bitcoin (BTC) will attain the $150,000 mark by Q4 of 2025, more than double its current value.
Peter based his prediction on the historical price pattern of Bitcoin (BTC) before and after its halving events. Also, the analyst is undoubtedly aware of significant developments in the Bitcoin (BTC) ecosystem, like the approval of spot Bitcoin ETFs by the United States and Hong Kong regulators. Bitcoin (BTC) currently trades at $69,097, with a market dominance of 53.15%, according to Coinmarketcap.
ETFSwap Crosses 200 Million Token Sale In Massive Presale
ETFswap (ETFS) recently crossed the 200 Million token sale in its ongoing presale, indicating increased interest from both large and small investors. Before the public sale, ETFswap (ETFS) held a private sale of its token ETFS to introduce the token and its ecosystem to large investors.
After the end of the event, two institutional and three angel investors were impressed and invested a whopping $750,000. No doubt, already riding on the Coattails of the private sale success, the ongoing presale will be an opportunity investors want to take advantage of. So buy ETFS today and increase your chances of becoming a crypto millionaire.
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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.