There is high enthusiasm among retail and institutional crypto investors as the flagship digital asset, Bitcoin (BTC), records a brief price recovery. This development comes after weeks of price consolidation and growing buying activity, raising the possibility of more price growth for BTC over time. Parallel to this uptrend is ETFSwap (ETFS), an ETF-based crypto that, although it is still in its presale phase, contributes to the market’s growing positive sentiment.
ETFSwap (ETFS) Records Past 400 Million Tokens In Circulation
ETFSwap (ETFS) has emerged as an outstanding performer in the market as it offers a fully decentralized finance (DeFi) platform that provides tokenized ETFs (exchange-traded funds) for purchase. Built to withstand market fluctuations and maintain a competitive edge, the platform boasts an AI-powered ETF screener and tracker that will deliver precise trading predictions, amongst other offerings for investors.
Impressively, the project has sold over 400 million tokens and raised $3.87 million in funding relatively quickly. The window to purchase the ETFSwap (ETFS) tokens is open, as the third stage of its presale is still selling. Its DeFi coin is currently selling at $0.03846 per token, and it has already given its early backers over 200% return on their initial investment.
On the ETFSwap (ETFS) DeFi platform, investors can open several positions and use different strategies to trade a wide range of traditional ETF assets by tokenizing them directly on the blockchain. This strategy will allow for easy conversions between crypto and fiat, and experienced traders will have access to incorporated perpetual futures and options trading.
Users can also contribute their assets to liquidity pools through staking and earn a share of the trading fees generated within those pools. The platform increases engagement levels by providing ETFSwap (ETFS) holders access to passive income, encouraging more individuals to participate and interact with it. To further this point, token holders gain rights, allowing them to vote on and influence the project’s direction.
Bitcoin’s (BTC) Positive Sentiment Metric Hits One-Year Peak
A recent report from the market intelligence platform Santiment revealed that the positive market sentiment around Bitcoin (BTC) has surged as the metric reached a 1-year high. The platform explains that the ratio of positive Bitcoin (BTC) commentary across social media platforms is more than double the amount of negative comments for the first time in over a year.
This sudden optimism in the market is to be observed, as prices of coins traditionally top when this degree of FOMO (fear of missing out) is present. Notably, Santiment urges the crypto community to watch out for traders who will “slow their roll” and begin voicing FUD (fear, uncertainty, and doubt) on crypto coins once again.
The report also noted that Bitcoin (BTC) will challenge its current all-time high of $73,000, attained earlier in March, once the public resumes spreading doubt. This change in attitude emphasizes how resilient and appealing Bitcoin (BTC) is as a long-term investment asset. Crypto investors and enthusiasts are confident that a strong price rally could occur by Q4, possibly leading to a new price peak for Bitcoin (BTC) before the year ends.
The positive sentiment is growing and is even reflected in the recent increase in on-chain activities in other crypto coin networks. One such example is ETFSwap (ETFS), which is gaining traction as a frontier in tokenized ETF trading and a well-performing presale project.
Conclusion
The crypto market’s resurgence is led by Bitcoin (BTC) and the growing interest in innovative DeFi projects like ETFSwap (ETFS). Drawing insights from the positive sentiment metric reported by Santiment, there is prediction and anticipation for Bitcoin to continue to rebound, and investing in the right crypto coins is essential to capitalize on the market’s current optimism.
As already established, ETFSwap (ETFS) is a top choice due to its one-of-a-kind ETF investment offerings and profitability potential. Joining the presale now enables investors to benefit from the ecosystem model and the token’s potential growth.
For more information about the ETFS Presale:
