Despite the current bearish sentiment in the crypto market, the ETFSwap (ETFS) token has seen its value skyrocket in recent weeks, especially since crypto tokens like Near Protocol (NEAR) and Avalanche (AVAX) have not shown much bullishness lately. This has drawn the crypto community’s attention, with many wondering what is behind the crypto token’s bullish momentum.
Near Protocol (NEAR) And Avalanche (AVAX) Slow Down
Near Protocol (NEAR) and Avalanche (AVAX) have seen their run slow recently, having recorded significant price gains since the beginning of the year. Near Protocol (NEAR), on its part, is down over 5% in the last 24 hours and is currently trading just above $7. The token’s trading volume is also down over 30% in the last 24 hours.
Near Protocol’s (NEAR) price decline has been partly because the hype around artificial intelligence (AI) tokens has recently cooled off. This hype was what helped the crypto token in the first place to record its year-to-date (YTD) gain of almost 100%. With the hype dying down, Near Protocol (NEAR) could experience further price declines in the coming weeks.
Like Near Protocol (NEAR), Avalanche (AVAX) has recently had a rather unimpressive price action. The crypto token is down over 6% in the last 24 hours and is currently trading at around $35. Avalanche’s (AVAX) trading volume is also down over 33% in the last 24 hours.
As a result, Avalanche (AVAX) has dropped from the top 10 crypto tokens by market cap and is currently ranked as the twelfth largest crypto token by market cap. Interestingly, due to the price correction, Avalanche (AVAX) has also lost its year-to-date (YTD) gains and is down over 9% since this year began.
ETFSwap (ETFS) Is Currently Riding A Bullish Wave
Unlike Near Protocol (NEAR) and Avalanche (AVAX), ETFSwap (ETFS) is currently enjoying its best run yet, with the crypto token’s value significantly rising lately. This run is believed to be partly due to the overwhelming buy orders recorded in stage 1 of the crypto token’s ongoing presale.
This has added significant buying pressure for the ETFSwap (ETFS) token, which has caused its value to spike. Meanwhile, seeing how the crypto token has shown strength despite the market downtrend, more crypto investors have rotated their funds into the token presale, with over 40 million ETFSwap (ETFS) tokens sold so far.
Interestingly, ETFSwap’s (ETFS) run doesn’t look to be ending anytime soon, as crypto experts project that it will still rise to $5. That represents a 58,000% gain from its current price of $0.00854, which explains why these crypto investors are so hyped about investing in the crypto token.
A 58,000% price means investors could earn a 581x return on their investments. Such a price gain also means that ETFSwap (ETFS) could easily stand out as the best-performing crypto asset of 2024, as no other crypto token has shown the potential to reach such heights.
It is also worth noting that the narrative is shifting in ETFSwap’s (ETFS) favor as the crypto community is paying more attention to crypto projects focused on Real World Assets (RWA). ETFS is the native token of ETFSwap, a decentralized finance (DeFi) platform that tokenizes exchange-traded funds (ETFs) and makes them available for on-chain trading.
Therefore, ETFSwap (ETFS) is set to gain more attention as RWA projects become the leading narrative in the crypto space. More liquidity is also expected to flow into the crypto token as crypto investors position themselves ahead of the run (similar to AI coins), which RWA tokens could also experience.
Thankfully, those yet to position themselves accordingly can still do so as stage 1 of the ETFSwap (ETFS) presale is ongoing. Each token currently costs $0.00854, but the price is expected to double once stage 2 of the presale commences.
For more information about the ETFS Presale:
