The delay on Spot Ethereum ETFs may have caused bearish market reactions, but certain ETH-based coins have shown impressive resilience. Floki (FLOKI), Lido DAO (LDO), and ETFSwap (ETFS) are three ETH-based coins that have rallied towards Spot Ethereum ETFs and will look to go higher after launch.
While Floki (FLOKI) and Lido DAO (LDO) are impressive altcoin picks for crypto investors, ETFSwap (ETFS) has been the star of the market amid its continued rally on presale. Read on to see the opportunities abound on these altcoins.
ETFSwap (ETFS) Presale Raises Millions Amid Impressive Rally
ETFSwap (ETFS) stands out amongst other ETH-based coins for its unique value capture and has raised over $3 million on presale. The massive hype continues to build up for the new ETF trading protocol, and early investors are placing huge bets on its prospects for launch.
While Spot Ethereum ETFs and other emerging ETFs contribute to the bullish momentum in the crypto market, ETFSwap (ETFS) is one of the exciting platforms capitalizing on the narrative. ETFSwap (ETFS) is an Ethereum-based platform offering investment and trading access to ETFs. The assets traditionally exist in traditional markets, but the new platform leverages the blockchain to tokenize ETFs.
The new Ethereum-based platform will tokenize ETF assets from varying industries, including healthcare, energy, commodities, and more. This innovative platform allows crypto investors to explore ETFs as a more refreshing asset class than the volatility of cryptocurrencies.
Additionally, ETFSwap (ETFS) will be a comprehensive platform for trading cryptocurrencies and ETFs. This cross-compatibility will enable features like fast settlements on ETFs, quick swaps between crypto and ETFs, yields from staking, and more. The platform looks to combine the best aspects of centralized and decentralized finance to create an exciting ecosystem for crypto investors to pursue other profit opportunities.
The beta platform is set for launch within the next few weeks, and presale buyers can expect to gain early access to test the platform ahead of the main launch.
Floki (FLOKI) Looks Promising As An ETH-Based Meme Coin
Floki (FLOKI) has been one of the more exciting ETH-based coins to buy for profit in the past year. The meme coin has become prominent, drawing comparisons with meme coins like Bonk (BONK) and Dogwifhat (WIF). Floki (FLOKI) is trading at $0.0001781 and has seen over 500% price increase in the past year.
The meme coin reached a new all-time high of $0.0003202 on June 7th, amid anticipation of Spot Ethereum ETFs. Considering the price action despite Spot Ethereum ETFs delay, experts believe Floki (FLOKI) is one of the best ETH-based coins set to reap massive benefits on the growing momentum around those Ethereum funds.
Lido DAO (LDO) Present Bullish Outlook
Lido DAO (LDO) is the staple staking platform for Ethereum (ETH), which makes its token one of the best ETH-based coins to buy towards potential returns. Although Lido DAO (LDO) has not been an exciting pick in the past year, it’s starting to heat up amid the expectation for Spot Ethereum ETFs.
Experts believe launching Spot Ethereum ETFs will trigger a rally on most ETH-based coins. Therefore, no pick is more obvious than Lido DAO (LDO), the biggest staking protocol on the network. Lido DAO (LDO) is trading at $2.01 as of this writing, while experts target its current all-time high of $7.30 for a possible return trip.
Conclusion
ETFSwap (ETFS) trumps Floki (FLOKI) and Lido DAO (LDO) as ETH-based coins to buy for profits towards the launch of Spot Ethereum ETFs. The prospect of the new ETF trading platform is overshadowing many other market opportunities, and it makes sense to join institutional investors and other smart money wallets in buying into the promising platform.
The ongoing ETFSwap (ETFS) presale offers limited entry, but you can still get in at $0.01831 before the price goes to $0.03846 on the next presale stage.
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.