The crypto market is no stranger to dramatic price movements, but a slight movement in Bitcoin can be quite significant on altcoins. The recent profit-taking after Bitcoin (BTC) hit $70,000 crashed Cardano (ADA) and other altcoins, but the market shows rebound strength.
While the recent dump was unnerving for some crypto enthusiasts, it created a ripe opportunity for excellent market opportunities like ETFSwap (ETFS). ETFSwap (ETFS) presale has positioned itself as a solid pick for investors seeking stable growth and high returns.
ETFSwap (ETFS) Gains Favor Amid Exciting Bitcoin (BTC) Price Trend
ETFSwap (ETFS) has remained a top investor choice amid rollercoaster market trends. The new platform is heavily favored by experts due to the potential of the platform to lead the evolution into a broader market. It is an Ethereum-based platform where users will be able to trade tokenized ETFs on-chain. This provides an opportunity for native crypto investors to diversify their portfolio and explore ETF assets which are less volatile compared to crypto assets.
The emergence of crypto spot ETFs has significantly boosted the demand for ETF assets, but ETFSwap will have a bigger market for more than just spot Bitcoin and Ether ETFs. The new platform will list ETFs from industries such as engineering, healthcare, commodities, energy, and lots more.
The market for ETFs is mostly dominated by centralized platforms, and ETFSwap (ETFS) will be an exciting one for native crypto investors who prefer to trade anonymously, as blockchain allows. ETFSwap (ETFS) will also not require users to provide KYC information and will employ zero-knowledge proofs to provide effective on-chain privacy.
Users on ETFSwap (ETFS) will be able to access benefits such as quick settlements, 24/7 trading without the limited hours of traditional markets, seamless convertibility with cryptocurrencies, lower trading costs, access to liquidity, and lots more. Users can also look forward to unique features enabled by smart contracts.
Besides, ETFSwap (ETFS) has undergone a complete audit with CyberScope, which found the smart contract safe and devoid of vulnerabilities. This has boosted investors’ confidence in the presale while the project exhibits the potential to rise to billions.
Bitcoin (BTC) Bounce Back After Profit-Taking At $70,000
Bitcoin (BTC) has predictably taken a bullish turn since the news of spot Ethereum ETF approval, and it now seems like investors are making a profit of around $70,000. Bitcoin (BTC) slid to $69,200 after retesting $70,000 earlier in the week but the sell-off as the cryptocurrency is right back at $70,000, as of this writing.
CryptoQuant data shows in a report earlier in the week that 50% of the Bitcoin (BTC) supply was inactive. This is interpreted as an indication of strong long-term conviction, which may suggest a continuous price uptrend on the crypto asset. Experts are also shocked that Bitcoin (BTC) has maintained its uptrend despite negative headlines about Mt. Gox and DMM hack.
Cardano (ADA) Founder Reassures The Community
Cardano (ADA) has underperformed compared to other altcoins, and holders are quite displeased with the price action. However, Cardano (ADA) founder Charles Hoskinson recently reassured its community that there is enough money to improve the network and fuel its ambitious scaling projects.
Cardano (ADA) is usually a part of the conversation regarding blockchain scalability including networks like Ethereum (ETH) and Solana (SOL). Hoskinson also highlighted Leios, Hydra, and ZK as three different scaling upgrades and the significance of community support in seeing them through.
Although Cardano (ADA) has exhibited developer activity in the past several years, it has not quite reflected in the cryptocurrency’s price. As of this writing, Cardano (ADA) is trading at $0.462, rising about a relatively low 22% in the past year. Investors hope to see more positive price action towards the next bull market.
Conclusion
Bitcoin (BTC) and Cardano (ADA) are having their fair share of price volatility and this explains the preference for ETFSwap (ETFS) amid its massive presale event. The presale offers an opportunity for early investors to get in at a low price with the possibility of selling for massive profit at launch. Also, ETFSwap (ETFS) does not exhibit volatility on presale and is not controlled by market trends until launch.
Investors consider this a less risky approach with cryptocurrencies and often a guaranteed way to make a profit. Join other early birds on the Stage 2 presale and buy ETFS tokens for $0.01831.
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- Source: https://www.livebitcoinnews.com/cardano-founder-says-theres-enough-money-to-go-around-as-bitcoin-profit-taking-at-70000-crashes-ada-price/
