Bitcoin And Ethereum Pump, Dogecoin Gets Massive 115% Boost In Derivatives Market
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The price dynamics of Bitcoin (BTC) and Ethereum (ETH) have been a measure of market sentiment in the past several months. Crypto enthusiasts remain hopeful for a bull market, considering the recent approval of Spot Bitcoin ETFs and the completion of Bitcoin's fourth halving. Experts believe both events are catalysts for the coming rally, but Bitcoin (BTC) has been on a rollercoaster ride since completing the halving.
Bitcoin (BTC) already set its new all-time high of $73,000 before the fourth halving, and following a price correction, the price has ranged around $60,000 in the past month. Experts believe the current price pattern of Bitcoin (BTC) shows a consolidation phase for the cryptocurrency before the anticipated rally to new highs.
Ethereum (ETH), on the other hand, has been disappointing in the past few months. Ethereum's underperformance could be due to several factors. For one, many people believed that spot Ethereum ETFs would get approved right after spot Bitcoin ETFs, but progress on that has been slow.
Furthermore, the Dencun upgrade, the latest update to the Ethereum network, has caused ETH to be inflationary again. This caused a surge in its price, pushing the altcoin above the $3,000 level once again.
Dogecoin (DOGE) Reaches 115% Surge On Derivatives
Dogecoin (DOGE) showed impressive potential to start the week, looking to break crucial price resistance at $0.15. Dogecoin (DOGE) looks to break out of the bearish trend, which was catalyzed by a 115% surge in derivatives trading volume within a 24-hour timeframe before being wiped out by a bearish market wave.
Expert analysis shows that Dogecoin's $0.20 price goal may come into play if it strongly correlates with Bitcoin (BTC) and no more sale pressure arises.
Dogecoin (DOGE) has already been on a positive price trend in the past year, up by over 100%, and investors look to capitalize on the momentum towards the next bull run.
ETFSwap (ETFS) Surges Ahead For Huge Gains
Amid the market chaos, investors have found ETFSwap (ETFS) to be a preferred investment option with exciting prospects. ETFSwap (ETFS) is still on presale, which means it is unaffected by current volatile market conditions and presents a great entry price ahead of the token launch.
ETFSwap (ETFS) is a new blockchain-based platform for trading tokenized ETFs. This platform enables global accessibility of ETFs from various industries, including healthcare, engineering, and, more recently, crypto ETFs. ETFSwap (ETFS) aims to bridge the gap between traditional finance and the decentralized finance market, creating a dynamic ecosystem of broader investment offerings.
However, ETFSwap (ETFS) will be completely decentralized, requiring no KYC and eliminating the interference of regulated bodies or intermediaries. This new platform leverages the blockchain to provide transparent, secure, and efficient trading services.
Furthermore, these tokenized ETF assets open up new possibilities for exploring traditional and crypto markets. ETFSwap (ETFS) will facilitate quick conversion between ETFs and cryptocurrencies, quick settlements, access to liquidity, ETF staking for high yields, and many more benefits typical to the DeFi market.
These tokenized ETFs are backed by real ETF assets purchased from traditional finance markets. This model is enabled by the platform's collaboration with MiCa-compliant regulated investment banks dealing in securities and crypto trading. Also, ETFSwap (ETFS) has been audited by Cyberscope, and the smart contract is confirmed safe and devoid of vulnerabilities.
The ongoing Stage 1 presale has sold out over 80 million tokens to raise over $500,000. This comes as ETFSwap (ETFS) had previously held private funding rounds with angel and institutional investors, where the project raised $750,000 in just hours.
The entry price on Stage 1 is currently $0.00854, which allows investors to book over 100% profits before Stage 2 kickstarts at $0.01831. This is what crypto investors call a “generational entry”, as the price will never be as low as it is now.
For more information about the ETFS Presale: