Arthur Hayes, the co-founder and former CEO of the BitMex crypto exchange, recently shared his price prediction for Bitcoin (BTC). Meanwhile, he also spoke about altcoins, which he will be looking to buy while Bitcoin (BTC) recovers from its recent decline. Interestingly, the ERC-20 token ETFSwap (ETFS) looked to be among the tokens he was hinting at buying.
Arthus Hayes Says Bitcoin (BTC) Won’t See New ATH Till After August
Hayes suggested in a blog post that Bitcoin (BTC) won’t surpass its current all-time high (ATH) of $73,750 until after August. This is based on his prediction that the flagship crypto will continue to trade around the price range between $60,000 and $70,000 until then. The BitMex co-founder also claimed that the bottom was in, meaning the crypto token will unlikely decline below the crucial $60,000 support level again until it hits a new ATH.
In the past, Hayes has provided valuable insights into the crypto market, which is why his prediction cannot be ignored. Hayes had rightly hinted that Dogwifhat (WIF) would flip Bonk (BONK) long before it happened. Back then, he mentioned that the latter was the “last cycle’s doggy money,” suggesting that Dogwifhat (WIF) would lead the meme cycle in this bull run.
That is already happening, seeing as Dogwifhat (WIF) has outperformed the foremost meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), with a year-to-date (YTD) gain of over 2,100%.
Meanwhile, Hayes mentioned that he “certainly won’t be babysitting Bitcoin” in anticipation of the price gain it could make by August. Instead, he will focus on using this month to invest in Solana and “doggie coins.” Ethereum-based token ETFSwap also came into the picture, as Hayes revealed he would identify undervalued tokens and allocate some funds to them.
ETFSwap (ETFS) Is Still Undervalued In Crypto Presale
Stage 1 of the ETFSwap (ETFS) presale is underway, with the crypto token selling for an affordable $0.00854. This price is expected to double from Stage 2 of the token presale, showing that it is still undoubtedly undervalued, considering the heights it is projected to reach. Prominent names in the crypto industry, like Hayes, predict it could rise to as high as $20 in the long run.
A rise to that level represents a price gain of over 109077%, meaning that investors who purchase the token at this stage can make over 1,000x returns on their investment. Some investors have already recognized how much they stand to gain, seeing how over 50 million ETFS tokens have already been sold out in just Stage 1 alone.
With big names like Hayes already hinting that they would invest in ETFSwap (ETFS), the crypto token could see a wave of whale transactions, which would cause its value to skyrocket higher than even projected.
Meanwhile, an enormous amount of liquidity is expected to flow into the crypto token thanks to ETFS being the native token of ETFSwap, a decentralized finance (DeFi) platform that tokenizes exchange-traded funds (ETFs).
Asset tokenization is predicted to become a trillion-dollar market soon enough, meaning millions of dollars will flow into the ETFSwap (ETFS) ecosystem as one of the leading Real World Assets (RWA) crypto projects. Interestingly, ETFSwap (ETFS) already looks primed to become the foremost RWA-linked crypto token, considering it has recently outperformed market leaders like Ondo Finance (ONDO).
Meanwhile, it is worth mentioning that those who intend to invest in the variety of tokenized ETFs on the ETFSwap platform must hold a certain amount of ETFS tokens. This is another reason why the crypto token is recording an impressive amount of buying pressure.
Since the token presale began, over 50 million ETFSwap (ETFS) tokens have been sold, and this figure will likely double as stage 2 progresses. Interestingly, this presale stage is expected to sell out faster than the projected timeline due to the hype ETFSwap (ETFS) has gained since its launch. That means you must act fast if you don’t want to miss massive gains.
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