A recent price prediction by renowned crypto exchange Bitfinex has sparked heated discussion among crypto community members as it focuses on when Bitcoin (BTC) will peak. Also, Bitfinex speculated when the altcoin season will begin, and altcoins, including ETFswap (ETFS), will begin to record new highs as we approach the next bull run. Let’s discuss the exchange price prediction and the ETFswap (ETFS) ecosystem.
ETFSwap: Tokenizing Exchange Traded Funds
ETFswap (ETFS) is a blockchain platform that aims to tokenize exchange-traded funds (ETFs), making them accessible to all portfolio-sized traders in the crypto industry and being a notable contender in the altcoin season. The tokenized ETFs will be available for trading on a web3 marketplace designed to accommodate crypto experts and newbies with very little knowledge about trading.
While trading the tokenized ETFs, users will be exposed to assets like Gold, real estate, stocks, bonds, and crypto-related ETFs like Spot Bitcoin ETF. Also, they will have access to trading tools like ETF Finder, enabling them to identify all ETFs permitted for trading in their regions and suitable to their investment strategy.
Further, experienced traders can increase their earnings by applying up to 50x leverage when they long or short an asset in the platform derivative market. All users can amplify their portfolios by leveraging the network’s fractional ownership feature.
In addition, the platform offers a seamless swapping option that enables users to convert from crypto assets to tokenized ETFs and vice versa. However, to gain full access to all these unique features, all users must purchase a portion of the platform’s native token ETFS, which functions as a standard ERC-20 token.
The token will serve as the bridge when converting tokenized ETFs to crypto or the other way around; it will also operate as the fuel powering the ETFswap (ETFS) ecosystem. In addition, users who purchase the token will gain added perks like trading discounts, low trading fees, and passive income if they stake their tokens in the platform pool.
Bitfinex Predicts Bitcoin’s Next Peak And Start Of Altcoin Season
Seasoned price analysts at Bitfinex crypto exchange made short-term speculations on Bitcoin (BTC) on June 07, 2024, predicting it would hit a peak of $120,000 by Q4 of 2024 or early 2025. The analysts pinned their speculations on on-chain indicators and past price data of the flagship asset, which indicates Bitcoin (BTC) reached new highs some months after its halving event.
Also, by the end of 2024, the Bitcoin (BTC) halving event, which occurred on April 19, 2024, would have passed by several months before the token hit its peak, according to Bitfinex. Also, Bitcoin (BTC) on-chain indicators like Market Value To Realized Value (MVRV) that gauges market sentiment inches closer to 3.2, which historically is a point where Bitcoin (BTC) has experienced new highs.
Bitfinex analysts also included the altcoin season is also on the horizon, pointing to narratives in the DeFi sector, which includes real-world assets (RWA), artificial intelligence (AI), and meme coins as next to take the forefront in the upcoming altcoin season. Bitcoin (BTC) currently trades at above $69,000, according to data from Coinmarketcap.
Conclusion On Bitcoin And ETFSwap Kickingstarting Altcoin Season
ETFswap (ETFS) is among the platforms spearheading real-world asset (RWA) tokenization. In its stage 2 presale, it is currently offering its native token ETFS at a low price of $0.01831. Since experts handpicked it as one of the assets to lead the next altcoin season, ETFS has seen massive purchases by crypto investors who see its potential to make them millionaires in the next bull run.
Also, the investors were undoubtedly impressed with the promised assurance of yield when stage 3 started at a higher price of $0.03846, giving all stage 2 investors automatic profit on their investments. Are you an investor unsure of how to plan for the bull run? ETFswap (ETFS) is your best bet, so buy it today without fail.
For more information about the ETFS Presale:
