Bitcoin (BTC), the largest cryptocurrency in the industry, experienced a significant dip in price, falling by 8% below $62,000 on April 13, 2024. The Bitcoin (BTC)price drop affected the crypto market, with several assets recording a price decrease.
However, amidst the bearish trend permeating the market, experts were able to spot ETFswap (ETFS), a blockchain platform that continues to do well despite the market downturn.
In this article, we will briefly discuss ETFswap (ETFS) before moving on to the key behind its success in a turbulent market.
Why Is ETFSwap Defying The Bitcoin (BTC) Crash?
The reason ETFSwap (ETF) has continued to perform exceedingly well despite the Bitcoin (BTC) crash that rocked the crypto market is its suite of offerings which has captivated investors. ETFswap (ETFS) is a decentralized platform redefining traditional finance by merging it with DeFi through the tokenization of exchange-traded funds (ETFs). These ETFs involve various fully-backed asset classes across numerous industries, such as healthcare, cryptocurrency, and energy.
The tokenization of these assets will help create access to invest in several industries in a single trading platform on the blockchain, thereby enabling easy diversification of assets across various investment vehicles. Interested traders can also increase their earnings through leverage trading, as the platform offers up to 10x leverage.
ETFswap (ETFS) also offers fractional ownership, a feature that can help traders amplify their portfolios no matter the size of their capital. Furthermore, the platform offers swapping services and staking, which helps users earn passive income by holding their tokens.
ETFS is the native token of the ETFswap ecosystem, serving the purpose of utility and governance. It enables token holders to actively participate in making decisions about the platform’s growth through voting. The platform has allocated 4% of the supply to the ETFswap (ETFS) community, a move to appreciate the community as one of the backbones supporting the project.
As an added incentive, ETFswap (ETFS) has undergone a thorough audit of its smart contract by Cyberscope, a leading blockchain security firm. After rigorous checking, Cyberscope deemed ETFswap (ETFS) secure, and its smart contract is free from vulnerabilities that can make it prone to cyber-attacks. Therefore, investors can be assured that their funds are safe and that ETFswap (ETFS) is focused on the platform’s long-term durability.
ETFS Private Sale Success Leaves Investors Wanting More
ETFswap (ETFS) recently held a private sale event to introduce ETFS to whale investors and onboard them to the project. By the end of the event, five investors; two institutional investors and three angel investors, gave the platform $750,000 to build out its vision. ETFswap (ETFS) plans to use the funds raised during the private sale event to speed up the development and launch of its platform.
The success of the private sale opened the floor for the public sale, which is currently underway. 40% of its total supply has been allocated to public sale at a low price of $0.00854 per token in its ongoing stage 1 presale.
At launch, ETFS has the potential to rise 10,000 times compared to its presale price, easily turning a $1,000 investment into $1 million dollars. With such a relatively low price, both long and short-term investors with varying portfolio sizes can take advantage of this undervalued asset. In addition, all participating in this current round will realize a profit when stage 2 kicks off at a higher price of $0.01831. This assured promise of profit has sparked fear of missing out (FOMO) among investors, making them rush in to get this token, with over 18 million sold already. Also, another compelling factor is that experts have predicted the price of ETFS to surge to the $1 mark.
For more information about the ETFS Presale:
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