The crypto market has been badly hit recently, with Bitcoin (BTC) leading altcoins on a significant downtrend. However, the silver lining is that this market dip presents an excellent opportunity to buy more ETFSwap (ETFS) at a discounted price.
Bitcoin (BTC) Likely To Fall To $51,000
Online broker FxPro mentioned in a market analysis that Bitcoin (BTC) is more likely to drop to $51,500 right now than experience a bullish reversal to $65,800. The brokerage firm explained that Bitcoin’s (BTC) recent decline caused it to touch the lower boundary of the descending channel and drop below the 200-day moving average (MA).
The flagship crypto dropped below its crucial support level of $60,000 and has since been in free fall. Bitcoin (BTC) could still witness further price declines from all indications.
Although Bitcoin (BTC) has been able to bounce back above the 200-day MA and is trying to stay within its bullish pattern, FxPro noted that the flagship crypto hasn’t been “entirely successful,” with its price already below the 61.8% retracement level. The brokerage firm added that Bitcoin (BTC) updated the lows from early May.
Considering this, FxPro predicts that Bitcoin (BTC) is more likely to drop to the February consolidation area at $51,500 rather than experience a 12% bullish reversal to $65,800, which represents the crypto token’s 50-day MA.
Bitcoin (BTC) Dip Is A Buying Opportunity For ETFSwap (ETFS)
Crypto investors can buy ETFSwap (ETFS) at a discounted price of $0.0183 with the recent Bitcoin (BTC) dip. The crypto token’s value is expected to skyrocket as the flagship crypto and the broader crypto market recover. ETFS, on its own, has a bullish outlook, given its role in the financial revolution that is set to take place with ETFSwap at the forefront.
Investors can now invest in exchange-traded funds (ETFs) and crypto assets on the ETFSwap trading platform. Using the ETFS token, users can convert their ETF holdings to crypto assets and vice versa, making portfolio diversification easier. Investors can also use the ETFS token to access various commodities on the decentralized finance (DeFi) platform.
Investing on ETFSwap (ETFS) is very straightforward, thanks to its decentralized nature, as investors no longer need some form of permission to invest in these traditional assets. Unlike centralized trading platforms, the DeFi platform has also made its Know-Your-Customer (KYC) requirements non-mandatory, meaning users no longer have to worry about overwhelming customer verification processes.
The trading platform also enables investors to trade anonymously by integrating zero-knowledge (ZK) proof technology. This ensures that users can trade without revealing their identity or other sensitive information. This also helps safeguard users’ privacy and protect them from the prying eyes of financial institutions and regulators.
Furthermore, ETFSwap (ETFS) offers 24/7 market coverage, allowing investors to buy, sell, and trade ETFs anytime. The DeFi platform is a market maker, meaning traders will always get optimal liquidity to settle their trades without hassle. With ETSwap built on Ethereum, investors can tap into the network’s unparalleled liquidity.
The DeFi platform also boasts artificial intelligence (AI) powered tools that assist traders in becoming profitable in their endeavors. These tools, ETF Screener and ETF Tracker, provide the best ETF recommendations based on their analysis of historical data, market sentiments, trends, and pattern recognition.
ETFSwap’s beta platform is expected to launch soon, meaning this is a great time to buy the ETFS token to access the exciting offerings on the platform immediately after it launches.
Conclusion On Getting In On ETFSwap (ETFS) Before The Market Recovers
Bitcoin (BTC) and the broader crypto market will recover eventually, with ETFSwap (ETFS) set to hit new heights when that happens. Therefore, you must act fast if you intend to buy the ETFS token while it is still on sale. Moreover, crypto analysts predict that the crypto token could enjoy a 100x price gain thanks to increased demand with other crypto ETFs set to launch.
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