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Ethereum Struggles To Stay Above $3,400 – Investors Look To ETFSwap ($ETFS) Presale For Profit

Last Updated: April 4, 2024By

Recent crypto market dynamics have seen Ethereum (ETH) falling below $3,400 for the umpteenth time in the past 30 days. It would seem the cryptocurrency is yet to get its groove back after recently crossing above $4,000 for the first time since December 2021.

For over two weeks now, the second-largest cryptocurrency by market cap has struggled under selling pressure and has repelled at the $3,500 mark multiple times. As investors’ patience wears thin, many are looking to new opportunities like the ETFSwap ($ETFS) presale for new investment opportunities.

Ethereum (ETH) Investors Start To Look For New Opportunities

Ethereum (ETH) has traded below $3,500 since the beginning of April, reaching as low as $3,238 on the second day of the month. Interestingly, this lackluster price action largely indicates a sell-off trend from some investors. This school of thought is supported by transaction alerts from Whale Alert, which show various large transfers of Ethereum (ETH) into crypto exchanges. At the same time, data from CrypoQuant shows the net deposits of Ethereum on exchanges higher compared to the 7-day average, indicating a higher selling pressure.

With Ethereum (ETH) struggling, investors are looking for new opportunities to generate profits. Hence, the ETFSwap ($ETFS) presale presents an interesting option for an exciting investment opportunity.

ETFSwap ($ETFS) is building a decentralized exchange for trading tokenized ETFs on the blockchain, allowing people to invest in and trade these financial products 24/7 without the need for a central intermediary. 

Considering its major backing from institutional investors and an innovative use case, ETFSwap’s ($ETFS) native token has significant growth potential, which is attracting investors eager to get in on the ground floor.

ETFSwap ($ETFS) Is Bringing ETFs To The Blockchain

Exchange Traded Funds (ETFs) have witnessed a massive growth in popularity in the past few months, particularly in the crypto industry. Furthermore, the launch of Spot Bitcoin ETFs and the possibility of the SEC accepting applications for Spot Ethereum ETFs have brought an influx of new money into the crypto industry.

However, while these ETFs have gained massive popularity among institutional investors, their exposure to retail investors remains limited. ETFSwap ($ETFS) is looking to bridge this gap by bringing Spot Bitcoin ETFs like BlackRock’s IBIT on-chain, allowing users to trade fractional ownership. 

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ETFSwap’s ($ETFS) comprehensive ETF marketplace also offers exposure to ETFs in industries like commodities, stocks, and fixed-income with up to 10X leverage. At the same time, ETFSwap ($ETFS) allows its users to easily swap their ETF holdings even on weekends, a feature that’s practically non-existent in traditional ETF investment vehicles. 

ETFSwap’s ($ETFS) ecosystem is powered by $ETFS, a deflationary ERC-20 token that enables holders to earn up to 87% APR yield. Apart from trading like conventional cryptocurrencies, holders of $ETFS are eligible for various profit-making opportunities in the ETFSwap ($ETFS) ecosystem. Users can stake their $ETFS on the platform, allowing them to earn from the pool of a 5% sell tax charged by the platform, among other rewards.

What’s Next? Take Action

While Ethereum (ETH) fights to hold key support, the chance to get in early on an exciting new DeFi project is becoming too good for many to pass up. 

ETFSwap is currently in its presale stage, offering its native token, $ETFS, at a low price before launch. The ETFSwap ($ETFS) presale allows people to gain exposure to a promising startup, which provides an insane profit opportunity as ETFs continue to spike in popularity. 

Early investors are getting in on the first presale round, with more than 5.5 million $ETFS tokens sold already. The presale is currently going on for $0.00854 and participants can get an 18% bonus by using the promo code “ETFS18.” However, investors who miss the first round of presale still have the chance of getting in on the second round at $0.01831 per token. 

For more information about the ETFS Presale:

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About the Author: Diana Ambolis

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