As Bitcoin’s (BTC) price fails to regain strength and continues slipping, analysts cast further doubts on the premier crypto regaining its dominance. Meanwhile, ETFSwap (ETFS) welcomes Bitcoin (BTC) whales to its token presale in throngs as top analysts predict a 6,450% rally for the token at launch.
Crypto Analyst Doubtful Of Bitcoin Dominance Returning To Previous Cycle Highs
Into The Cryptoverse founder, Benjamin Cowen expressed doubts that Bitcoin dominance will return to its usual peaks in the current cycle. In an interview on The David Lin Report on August 17, Cowen explained how Bitcoin dominance, which refers to the ratio of BTC’s market capitalization to the crypto market’s, has followed a fairly predictable pattern for the last few years.
However, he believes the world’s premier crypto will have a harder time climbing back to its usual peak of 70% in 2024. He believes Bitcoin (BTC) will peak at around 60% and will make the run for that level as early as September or as late as December.
Expressing similar sentiments, anonymous crypto trader Kaleo, in an X post, said that Bitcoin dominance had topped off at 57.5% and that altseason starts when Bitcoin dominance falls below 50%.
At the time of print, Bitcoin dominance stands at 56.95%, according to TradingView data.
These developments further highlight BTC’s failing leverage over the rest of the crypto market, and many Bitcoin (BTC) traders and whales are dumping their Bitcoin (BTC) holdings to buy more promising altcoins. ETFSwap (ETFS), in particular, has received the most inflows as traders anticipate altseason.
ETFSwap (ETFS) Attracts Bitcoin (BTC) Investors With Immensely Attractive Profit Potential As Bitcoin Dominance Falls
As Bitcoin (BTC) traders and investors seek asylum in altcoins with robust profit potential, many have chosen to domicile their investments in ETFSwap (ETFS). As a result, the token’s presale is gaining more traction than ever and the token is almost sold out, having sold almost 94 million tokens and generated over $2.95 million in revenue in just a few weeks.
The token has pulled in investors worldwide as analysts predict a 6,450% rally for the token when it launches in a few weeks. This prediction proves well founded considering ETFSwap’s (ETFS) offering of access to a highly liquid investment sector – the multi-trillion dollar field of crypto ETFs. The token also fulfills the major criteria for any promising project – utility and incentive.
ETFSwap (ETFS) the platform behind the token is the intersection of traditional and decentralized finance. Cooperating with MiCa-compliant regulated investment banks, ETFSwap (ETFS) provides access to hybrid institutional assets for all. On ETFSwap (ETFS), users can swap between crypto and ETFs, stake their preferred ETFs, and manage their holdings from one central dashboard.
Meanwhile, ETFSwap (ETFS) equips traders and investors to trade crypto ETFs profitably. The platform’s market-making algorithm was developed to minimize slippage and tighten spreads so traders always have optimal liquidity. ETFSwap’s (ETFS) attractive leverage options also draw people to the project. With 10% leverage on all trades and up to 50% on futures and options trading, small-scale investors can multiply their earnings by up to 40,000%.
ETFSwap’s user-friendliness and intuitive navigation have been named the favorite features of several investors who tested the platform during its beta launch. The platform plans to launch its own ETF in 2025, expressing its dedication to innovation in the crypto space.
The platform is also very secure since it was built on the Ethereum blockchain. Additionally, ETFSwap (ETFS) did not pull any tops in strengthening its platform to keep investments safe from crypto hacks. Cyberscope, a security auditing firm, conducted a thorough audit of ETFSwap (ETFS) and found it had no significant vulnerabilities. In keeping its image of transparency and reliability, ETFSwap (ETFS) completed the KYC verification provided by SolidProof.
Conclusion
There is no better time to buy ETFSwap (ETFS) than now, as Bitcoin dominance slips further. Investing in the ETFSwap (ETFS) is thus the safest bet for smart investors. The token is trading for $0.01831 but is expected to jump soon. So, hurry now!
For more information about the ETFS Presale:
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