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Why ETFSwap (ETFS) Could Be The Hottest Investment Of 2024: Don’t Miss Out On This Groundbreaking Crypto Project
The last quarter of the year has historically led to significant price increases for cryptocurrencies. With only two months left in 2024, investors are moving towards promising crypto projects. ETFSwap (ETFS) has gained the interest of the crypto community, with several industry observers regarding it as the hottest investment of 2024.
Decoding ETFSwap (ETFS)
ETFSwap (ETFS) is a groundbreaking crypto project that aims to add exchange-traded funds (ETFs) to the blockchain through tokenization. ETFSwap (ETFS) will allow its users to convert between cryptocurrencies and a range of ETFs, including Currency ETFs, Crypto ETFs, Index ETFs, Commodity ETFs, and more. Notably, the crypto project’s team will work closely with Mica-Compliant investment banks to guarantee the legitimacy and financial integrity of its tokenized assets.
Thanks to its blockchain-based foundation, ETFSwap’s ETF transactions will be faster, safer, and more cost-effective, eliminating the need for intermediaries like banks. The ETFSwap platform is also built on the ERC20 standard, which will allow for staking, token swaps, liquidity provision, and more.
ETFSwap (ETFS) will redefine ETF trading further by providing market-making and perpetual trading capabilities, with round-the-clock market coverage and margin options of up to 10x. The platform will also feature the ETF Screener and ETF Tracker, which are AI-based tools that will conduct various analyses to give user-specific investment recommendations.
To access the ETFSwap platform, users will require the ETFS token. This criterion gives the ETFS token utility and makes sure its holders use the complete set of ETF services and advantages offered on the platform. The ETFS token will also be used for other functions, including governance, fee payment, conversion, and interoperability.
The Crypto Presale
ETFSwap (ETFS) began with a private fundraising round, securing $750,000 from investors who share the crypto project’s vision. The presale round was then initiated to offer the opportunity for broader participation, with 40% of the fixed 1 billion ETFS token supply set aside for distribution.
Since the presale launch, ETFSwap (ETFS) has achieved several key milestones. Most notably, the platform went live on the testnet on October 9, with its core functionality and UI thoroughly tested. Additionally, CyberScope and SolidProof audited the crypto project’s smart contracts and team KYC. ETFSwap (ETFS) was also successfully listed on CoinMarketCap, further boosting its credibility.
The ETFSwap presale has also seen remarkable progress, with the ETFS price increasing by more than 350% from its Stage 1 value of $0.00854 to its current $0.03846 in Stage 3. This stage is already 62% complete, with less than 28 million ETFS tokens remaining and more than $5.61 million raised, reflecting strong investor confidence in the crypto project.
Why ETFSwap (ETFS) Could Be The Hottest Crypto Investment Of 2024
Crypto ETFs have been rising in popularity in 2024, driven by major investment firms like BlackRock entering the space and the emergence of new options like Solana ETFs. ETFSwap (ETFS) is perfectly positioned to capitalize on this growing interest by offering a decentralized and more versatile platform for ETF trading and investing. The crypto project is also set to launch its own ETF in 2025, making it among the hottest investments of 2024.
Additionally, ETFSwap (ETFS) includes Artificial Intelligence (AI) technology, which also ranks among the hottest investments in 2024. The inclusion of AI-driven tools reduces human error, speeds up decision-making processes, and empowers users to make informed choices, ensuring a more robust and profitable trading experience. This gives ETFSwap (ETFS) a significant edge over many ETF trading platforms, potentially attracting more users over time.
Furthermore, the massive investments and positive comments from crypto experts suggest that ETFSwap (ETFS) is gaining significant popularity while in its early stages. Low-cap tokens like ETFSwap (ETFS) are usually among the hottest investments because they have the ability to multiply in value rapidly as demand increases. This, coupled with a relatively low entry price, means that even small investments could yield substantial profits for investors, making ETFSwap (ETFS) one of the hottest investments of 2024.
Conclusion
While investment varies depending on individual goals and risk tolerances, the technology, potential, and massive investments in the ETFSwap (ETFS) crypto project suggest that it could be one of the hottest investments of 2024.
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Cardano price is repeating a pattern from 2024 that experts say is a signal for a massive pump in the coming weeks. While present figures are largely underwhelming for ADA, investors are brimming with confidence for a strong reversal in the near future.
Cardano Price Can Reach $2.5 In May
According to pseudonymous cryptocurrency analyst Master Kenobi, Cardano price is exhibiting cyclical behavior. In a post on X, Master Kenobi notes that ADA’s consolidation in recent days mirrors its price action from Q3 of 2024.
At the time, Cardano’s price suffered a steep correction in early August and endured a lengthy consolidation period before rallying. Presently, Cardano’s price is consolidating after the deep in early February that sent prices to $0.49.
“ADA is currently in a consolidation phase that resembles its behavior from August-September 2024,” said Master Kenobi. “Since the dip on August 5, it hasn’t recorded a new low – just as it hasn’t now, following the dip on February 3.”
According to Master Kenobi, a lengthy consolidation phase will be the precursor for an impressive rally for Cardano’s price. The analyst theorizes that the incoming rally will send Cardano to impressive levels in May. In the short term, analysts are eyeing ADA to hit $1, citing rising whale activity and positive fundamentals.
“If this pattern holds, May could bring a massive pump, potentially pushing the price toward $2.5,” said Master Kenobi.
ADA Ripples With Bullish Activity
At the moment, Cardano price is trading at $0.6646, a far cry from its all-time high of $3.10. Despite the lull in price action, the ecosystem is brimming with bullish activity for higher valuation.
Investors have their eyes on $10 after ADA outperformed top S&P 500 companies in a strong show of resilience. Futhermore, increased whale activity in the space is signaling an impending rally for ADA as community sentiment reaches an all-time high.
Analysts have opined that an ADA rally to $10 is not a crazy prediction, citing a slew of positive fundamentals for the network. However, pundits are urging investors to brace for multiple corrections in the march to reach a valuation of $10.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, he alluded to historical trends to explain why the altcoin can hit a new all-time high (ATH) in 90 to 120 days.
Why The XRP Price Can Hit ATH In 90 To 120 Days
In an X post, Egrag Crypto alluded to historical patterns to explain why the XRP price can hit a new ATH in the next 90 to 120 days. He noted that the RSI chart shows important historical patterns and stated that the altcoin usually has two peaks during its bull runs.
The crypto analyst further revealed that in 2021, the second peak occurred after 90 days, while in 2017, it occurred after 120 days. Based on this, Egrag Crypto affirmed that this historical timeframe provides market participants with a potential for a “great opportunity,” hinting at the altcoin hitting a new ATH.
In another post, he raised the possibility of the XRP price reaching a new ATH of $3.9 by May. This came as he identified an Inverse Head and Shoulder pattern, which was forming for the altcoin. The crypto analyst stated that the measured move is $3.7 to $3.9.
For now, an XRP analysis has shown that the altcoin is struggling at $2.15 amid regulatory uncertainty over SEC Chair nominee Paul Atkins. In his update on this Inverse Head and Shoulder pattern, Egrag Crypto remarked that a close above $2.24, the Fib 0.888, is the next minor target. He affirmed that the pattern is still unfolding as anticipated.
Ripple’s Native Token Could Still Drop Below $2
Crypto analyst Dark Defender has predicted that the XRP price could still drop below $2 before the next leg up. In an X post, he stated that Ripple’s native token is in the 4th Wave of the Monthly Elliott Wave structure.
His accompanying chart showed that XRP could drop to as low as $1.88 on this Wave 4 corrective move. Once that is done, the altcoin will witness its next leg up, rallying to as high as $5.8, which would mark a new ATH.
Dark Defender assured that Wave 4 will end soon and that XRP will continue to reach its targets. The crypto analyst recently affirmed that the altcoin is the “one” and explained why it would dominate Bitcoin and Ethereum.
Crypto analyst CasiTrades also suggested that XRP could further decline before its next leg to the upside. She noted that after the drop to $2.27, the altcoin showed no bullish RSI divergence, which signaled that the drop wasn’t quite done yet.
She added that the coin is now likely heading down to test the 0.618 golden retracement at $2.17, or possibly the golden pocket at $2.15 for a final low before “lift-off.” However, CasiTrades also mentioned that RSI is starting to build the bullish divergence and that the selling pressure is exhausting.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Gemini, the crypto exchange founded by the Winklevoss twins, is promoting its previously launched XRP cashback program, which offers crypto rewards to users. This initiative allows eligible participants to earn rewards on their XRP transactions. Here’s a look at the program details and the steps required to join.
Gemini Founder Unveils XRP Cashback Rewards
On March 27, Tyler Winklevoss reminded the XRP community and Ripple army on X (formerly Twitter) that they can earn rewards in the token whenever they use the Gemini Credit Card for purchases. The Gemini credit card, launched in partnership with Mastercard in 2021, allows users to choose cryptocurrencies from Bitcoin, Ethereum, XRP, and over 50 other digital assets for cashback.
Since adding XRP to its long portfolio of crypto cashback offerings in August 2023, Gemini has continued to support the third-largest cryptocurrency as an option for crypto enthusiasts. The Credit Card reward information announced by Winklevoss was well received by the XRP community.
He explained that the Gemini Credit Card allows users to earn crypto back each time they spend fiat. He clarified that this feature is only available to residents in the United States (US) currently. The Gemini founder also revealed that he has been using the Credit Card for years and has had a great experience accumulating significant crypto rewards from the cashback program.
Gemini’s Credit Card offers tiered cashback rates depending on the purchase categories. A 4% XRP cashback is offered on gas and EV charging, with up to $200 monthly. A 1% XRP cashback is available for fuel and EV charging after exceeding the monthly limit. Finally, a 3%, 2%, and 1% XRP cashback is provided for dining, groceries, and other purchases, respectively.
As XRP continues to push for widespread adoption, this Gemini cashback reward program strengthens its utility and encourages greater usability and investments.
Notably, Gemini isn’t the only crypto exchange embracing XRP in its rewards programs. Platforms like WhiteBIT and Bit2Me have also introduced similar programs. By offering an XRP cashback, Gemini and other crypto exchanges can make crypto more accessible, encourage faster adoption, and reinforce XRP’s role as a digital payment solution.
How To Participate In Gemini’s XRP Cashback
Gemini has specified that users interested in earning XRP rewards from Gemini’s cashback program must first qualify for the exchange’s Credit Card, which depends on their credit score. Approved applicants must secure their cards by June 30, 2025, to participate in the promotional offer.
The crypto exchange also stated that new cardholders could earn up to $200 in XRP cashback if they spend at least $3,000 within the first 90 days. Once earned, the XRP reward will be automatically deposited into their trading accounts on Gemini, enabling users to hold, trade, or sell whenever they wish. The Credit Card also comes with no extra annual, exchange, or foreign transaction fees, allowing crypto users to grow their portfolios continually.
Featured image from SCMP, chart from TradingView
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