Cardano (ADA) continues to plunge along with the rest of the crypto market. Nevertheless, crypto investors and experts speculate whether the altcoin is nearing a rebound, potentially for a run to $1. This article will examine the reasons behind the bold prediction and why ETFSwap (ETFS) may be better for you.
Cardano (ADA) Metric Suggests $1 Rally Still Possible
According to this metric, despite dropping throughout last month, Cardano (ADA) may well be on its way to $1 soon. IntoTheBlock, an on-chain analytics firm, revealed a subset of Cardano (ADA) holders who have held their portfolios for a long time. The number of long-term Cardano (ADA) holders has remained steady at 4.45 million for about a year.
While this indicates that Cardano (ADA) has found it challenging to attract new users to its ecosystem, it also signals high holder confidence in the altcoin. In fact, nearly 40% of Cardano’s (ADA) total supply is held by long-term investors, the highest the metric has been yet.
Additionally, anticipating the upcoming Chang fork and its expected technological reform of the Cardano blockchain may attract new users to the network. It is also important to note that the Cardano blockchain already has one of the best technologies, handling an impressive transaction volume of approximately $7.2 billion daily.
These factors have led many analysts to believe that significant upside potential could be on the horizon for Cardano (ADA), perhaps pushing the coin’s price to $1 this time.
Cardano (ADA) is currently the 10th biggest cryptocurrency in the world, with a market capitalization of $12 billion. Cardano (ADA) is trading at $0.3247, 3% less than the last 24 hours, according to CoinMarketCap data. Should Cardano (ADA) complete a reversal to the $1 price level, however, its long-term investors will have a lot to reap.
While they await that event, many Cardano (ADA) investors have bought ETFSwap’s (ETFS) ICO, confident that the token will surge 6,230% in a few weeks. Here’s why.
ETFSwap (ETFS) Set To Catapult Thousands Of Investors To Crypto Millionaire Status
ETFSwap’s (ETFS) incredible presale success has attracted the attention of major investors and traders in the crypto community. Selling over 86 million tokens and generating over $2.82 million in revenue in just a few weeks, ETFSwap (ETFS) is the best-performing ICO of 2024. Its incredible run has attracted more investors to buy the token in preparation for massive gains, as many analysts have predicted a 6,230% surge in a few weeks.
The ETFSwap (ETFS) token has also attracted investors with its generous offerings of huge discounts on trading fees on the ETFSwap (ETFS) trading platform. Furthermore, staking ETFSwap (ETFS) exposes users to earn passive income with a potential 87% APR yield.
ETFSwap’s crypto ETF trading platform and its unique offering of hybrid institutional assets on a decentralized infrastructure have attracted many investors. Although there is not yet a Cardano (ADA) ETF in the US, many Cardano investors are signing up on the platform to access and trade the recently launched Spot Ethereum ETFs and Spot Bitcoin ETFs. These assets represent a $10 trillion-strong investment sector and many institutional investors and crypto traders are looking to get into them.
ETFSwap (ETFS) also offers a variety of incentives for traders using the platform, including attractive leveraged trading options, 24/7 access to the market, AI-powered trading tools, ETF staking, etc. ETFSwap (ETFS) is very secure as the results of Cyberscope’s extensive audit proved. Furthermore, the project is doxxed and the brilliant team behind it recently completed KYC verification from SolidProof.
Conclusion
There is no better time to buy ETFSwap (ETFS) than now at its discounted price of $0.01831 per unit. The ongoing 50% bonus promo also allows investors to amass more tokens in anticipation of its 6,230% rally.
For more information about the ETFS Presale:
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