has captured the interest of many in the crypto market since the start of its presale. After recently overtaking Shiba Inu (SHIB), crypto watchers now suggest the new DeFi platform is outperforming Bitcoin (BTC) and Solana (SOL).
Why ETFSwap (ETFS) Is Outperforming The Big Dogs
Amidst the increasing demand for crypto ETFs (Exchange-traded funds), has emerged as a revolutionary bridge between the traditional ETF domain and the blockchain. The ETFSwap (ETFS) platform is built on the ERC20 standard and is designed to be user-friendly, facilitating easy conversions between cryptocurrencies and ETFs. ETFSwap (ETFS) will leverage tokenization to ensure that assets are backed by real-world securities purchased from traditional financial markets. This integration will be made possible through partnerships with MiCa-compliant regulated investment banks, which specialize in both securities and crypto trading.
ETFSwap’s platform will also provide access to a diverse range of Exchange-Traded Funds, including but not limited to Index ETFs, Equity ETFs, Inverse ETFs, and Currency ETFs. Additionally, ETFSwap (ETFS) will launch its own ETF in 2025 to extend its offerings and the potential benefits to holders of its native token, ETFS. The extensive range of options available to investors will enable them to build their portfolios in line with their investment goals and risk capacity.
Moreover, ETFSwap (ETFS) will help its users make well-informed investment decisions through its advanced AI tools. The platform’s ETF Screener and ETF Tracker will analyze and process large volumes of data, including prices, market sentiments, news, and more. The AI tools will then conduct technical, correlation, performance, and more analysis to provide the best recommendations based on specific user needs. The continuous improvement of these tools through new data gathering and processing will ensure that recommendations remain up-to-date with market changes.
ETFSwap’s functionality addresses a critical market gap and is attracting retail and institutional investors looking for comprehensive ETF portfolio management solutions. Notably, the platform went through a comprehensive audit by , which showed no critical vulnerabilities or security flaws in its smart contracts and underlying infrastructure.
The progress of the ETFSwap (ETFS) presale has served as a testament to the confidence investors have in its potential. The presale has raised more than $2,000,000, with many investors joining to get ETFS tokens before its price increases from to $0.03846.
Bitcoin (BTC) Dips Below $60K
Bitcoin (BTC) was trading at $59,953 at the time of writing, according to data from . This marks more than an 18% decline from the all-time high Bitcoin (BTC) attained four months ago. Several analysts have pointed out that Bitcoin’s repeated failures to break above higher resistance levels have led to the formation of a double-top price pattern, which usually indicates a potential for further declines. They suggest that after $60,000, the next crucial support level for Bitcoin (BTC) is at $58,000. Breaching this level could send the Bitcoin (BTC) price to $50,000.
Solana’s Future Amid Market Volatility
Over the past month, Solana (SOL) has experienced a 13.87% price decrease, with a notable 5.71% drop in the last 24 hours, according to . Despite these setbacks, industry experts maintain a positive outlook for Solana’s future. Recent ETF applications from 21Shares and VanEck have sparked significant interest in Solana (SOL), leading to increased trading volumes in Solana (SOL). Analysts predict that as more ETF applications are submitted, Solana’s price could see a significant upward move.
Shiba Inu’s Network Activity Declines
Shiba Inu’s layer-2 blockchain solution, Shibarium, has been a hot topic in the crypto space after achieving numerous milestones. However, the network’s momentum has recently slowed. On July 2, Shibarium processed only 5,740 new blocks, a sharp 70% decline from the 17,214 blocks processed the previous day.
This significant drop in activity coincides with a decrease in the number of Shiba Inu (SHIB) whales in the market, suggesting that investor interest and confidence may be waning.
Conclusion
By bridging the gap between ETFs and the blockchain, offers a unique value proposition that appeals to a broad range of investors. As such, ETFS is well-positioned to capitalize on the rising demand for crypto ETFs.
For more information on ETFSwap:
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
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