Cardano (ADA) and Ethereum token, ETFSwap (ETFS), have recently seen a surge in whale activity, catching the attention of prominent crypto investors in the market. Recent data from Santiment, a market intelligence platform, unveiled a spike in Cardano (ADA) whale transactions, similar to the levels seen on November 8, 2023. This influx of whales is especially significant, as it may potentially push the present stagnant price of Cardano (ADA) to new all-time highs of around $5.

While investors are watching closely as Cardano (ADA) makes its way toward the $5 price mark, ETFSwap (ETFS), a new ERC20 token based on the Ethereum (ETH) blockchain, is making waves in the market, rapidly expanding its ecosystem and attracting the attention of crypto whales to potentially fuel a price increase to new levels.

Cardano Witnesses Spike In Whale Transactions

In a recent X (formerly Twitter) post, Santiment disclosed a large-scale Cardano (ADA) whale transaction worth more than $100,000. According to the market intelligence platform, these spikes in whale activities could trigger a possible price reversal for Cardano (ADA), as the cryptocurrency’s market capitalization plummeted by over 40% since March 13, 2024.

At the time of writing, the price of Cardano (ADA) is trading around $0.449, reflecting a price decrease of 5.23% over the past week, according to CoinMarketCap. The recent whale activities could change the dynamics of Cardano’s (ADA) price, as whale transactions are typically known to influence market movements.

Santiment has also revealed that Cardano (ADA) is “suddenly seeing the highest level of whale activities,” potentially signaling a bullish turnaround for the cryptocurrency.

Additionally, Cardano’s (ADA) 24-hour trading volume is up by 29.09%, reflecting the increasing engagement from traders and network users. While Cardano (ADA) tries to overcome present price challenges that have kept its price below the $1 mark, the cryptocurrency is also steadily gaining momentum to possibly rise towards a new $5 price target. 

Although high whale activity may imply newfound interest in Cardano (ADA), the cryptocurrency still needs to overcome certain price challenges before it can fully recover and embark on a bullish trajectory.

 

ETFSwap Emerges As Magnet For Crypto Whales With Over 45 Million Tokens Sold

While Cardano (ADA) navigates market volatility to potentially rise to new highs, ETFS, an Ethereum ERC-20 token powering the ETFSwap ecosystem has emerged as a magnet attracting crypto whales in the industry.

The ETFS token is very bullish due to the utilities that ETFSwap provides users. Through ETFSwap (ETFS), investors are no longer limited to conventional asset classes and can easily catch up with contemporary investment trends. This innovative platform also allows investors to diversify beyond the traditional assets by tokenizing the assets and bringing them on the blockchain, exposing users to the numerous opportunities within multi-trillion dollar sectors such as healthcare, energy, commodity, and technology, while using crypto.

Additionally, ETFSwap (ETFS) provides market-making and perpetual trading services to enable continuous asset liquidity and trading convenience. ETF traders can also get up to 10x leverage on all trades, potentially elevating their profit and maximizing returns.

As a testament to its commitment to its growing ecosystem of users and investors, ETFSwap (ETFS) has been thoroughly audited by CyberScope, a top cybersecurity and blockchain audit firm. In terms of utility, the ETFSwap ecosystem revolves around its native token, ETFS, which serves as a deflationary asset designed to resist market volatility and compete well with major cryptocurrencies in the market.

Presently, ETFSwap (ETFS) is in stage one of its presale phase, having sold over 45 million tokens and previously achieving its funding target of $750,000 in its private fundraising round in just 3 days.

During this first presale stage, ETFS tokens are selling for only $0.00854. However, by the second stage of its presale, the price of the token is set to increase to $0.01831, enabling early investors to potentially gain substantial profits.

 

 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community