The overall crypto market saw red this week, with many altcoins, including Filecoin (FIL) and Aptos (APT), taking a massive fall.
However, crypto’s current utility heavyweight ETFSwap (ETFS) continues to defy the market crash and chart its own course, amassing gains of 900% in a record-making presale event.
ETFSwap (ETFS) remains defiant to market volatility
As the crypto community begins to fully embrace the massive potential of tokenized ETFs and real-world assets in anticipation of the imminent trading of spot Ethereum (ETH) ETFs, the ETFSwap (ETFS) continues to solidify its position in the crypto space and see its value rise.
The ETFSwap (ETFS) is currently home to over 10,000 active users who interact daily with the state-of-the-art features available on the platform, like decentralized and borderless ETF trading, permissionless trading, and customizable trading strategies tailored to individual needs and preferences.
Access to the platform is seamless without the need for KYC verification, and transactions are safe and reliable as audited and verified by CyberScope, a leader in blockchain security.
The DeFi platform offers extensive support to investors with tools such as ETF Screener and ETF Tracker, which use AI-enhanced algorithms designed to provide the best accurate recommendations based on big data analysis.
Traders can leverage the ETFSwap (ETFS) market-making expertise to always optimize liquidity and gain advanced trade perpetuals of up to 50x, as well as access to futures trading and real-time market data.
Users on the ETFSwap (ETFS) platform are also offered the opportunity to generate wealth from passive income when they buy and stake the ETFS tokens and earn the most competitive yields in the crypto space from annual percentage rate (APR) yields of up to 87%
The ETFSwap (ETFS) recorded 900% gains despite the general crypto crash, as demand for the native ETFS token is increasing due to the upcoming Solana (SOL) and Ripple (XRP) ETFs, which many analysts are predicting will result in a 108x increase for the ETFS tokens.
The potential for wealth is enormous in the ETF market, to avail yourself of all the benefits, hurry now and buy the ETFS tokens at the current low price of $0.01831 in this stage of presale before they rise to $0.0384 in the next stage.
Filecoin (FIL) crashes with the market
Filecoin (FIL) is a decentralized storage network that uses the Interplanetary File Storage (IPFS) protocol. The altcoin was designed to utilize unused storage globally into an efficient storage market for users to pay for low-cost storage.
Filecoin continues its week-long downtrend, where it moved from $5.9 to its current price of $4.40, recording a 15.0% loss. The ongoing crypto market plunge that sees Bitcoin (BTC) tumble and drag other altcoins as well in this week’s sell-off has greatly contributed to the negative impact on Filecoin.
The Filecoin price can’t stop falling drastically, as it sees both its trading volume and the circulating supply of the coin tumble 23.0% and 0.09%, respectively. Filecoin is underperforming the rest of the crypto market with a price decline of -19.00% in the last 7 days
Aptos (APT) crashed under the weight Of $300M unlocked tokens
Aptos (APT) is also facing its share of trouble from the crypto market crash, with its price dropping by 55%. Investors have pulled their support away from Aptos, as seen by the total number of outstanding derivative contracts that have not been settled, such as options or futures.
The price of Aptos has struggled to maintain support at the $8 mark, revealing strong selling pressure since the April 12 release of 24.84 million Aptos tokens previously locked up.
Aptos is experiencing very high volatility at 14.04%, and has seen its market cap decline by 4.68% in the last 24 hours. In the span of a week, Aptos’ open interest has fallen from $133 million to a four-month low of $103 million.
Conclusion: The ETFSwap’s (ETFS) remarkable defiance as Aptos (APT) and Filecoin (FIL) continue to crash
As Filecoin (FIL), Aptos (APT) and the rest of crypto crashed only the ETFSwap (ETFS) withstood the strong bearish sentiment. It remains likely that other altcoins may see investors liquidating their holdings and move profits into the ETFSwap (ETFS) presale.
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