The question of whether to buy Bitcoin (BTC) in 2024 looms large, especially following recent declines. However, amidst this uncertainty, alternatives like Chainlink (LINK) and ETFSwap (ETFS) emerge as intriguing prospects.
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Bitcoin’s (BTC) On-Chain Activity Nears Record Lows Amid Market Uncertainty
Over the past two months, Bitcoin (BTC) has seen a sharp decline in transaction volumes to unforeseen lows. The amount of Bitcoin (BTC) transactions on the blockchain has decreased to values not seen since 2019, suggesting that traders are reluctant to move their assets because of the volatility of the market.
This drop has been well-known to the market, especially since Bitcoin (BTC) saw a brief spike before leveling off at $65,000.Investors and dealers speculate that institutional players could be manipulating the market to avoid large moves on weekends when the ETF market is closed.
The trader and analyst Rekt Capital has drawn attention to a pattern in which price declines for Bitcoin (BTC) frequently occur in the weeks that follow a halving event during a period known as the danger zone.
Why Chainlink (LINK) Is A Key Player In Decentralised Finance (DeFi)
As an Oracle provider, Chainlink (LINK) continues to be a leading contributor and innovator in the blockchain ecosystem since it focuses on bridging the data utilization gap between various blockchain networks and the real world.
LINK, which is an ERC-677 token, serves as the native token within Chainlink’s ecosystem and is utilized to reward node operators for keeping the Chainlink (LINK) network secure.
Early in April, analysts predicted that Chainlink (LINK) might drop 25% to $13.08 in the event that any weakening in the bull run gave the bears the upper hand. It is currently at $13.8, which might support the prediction.
The price of Chainlink (LINK) is anticipated to get close to its all-time high of $52.8, which was attained on May 10, 2021, with the cryptocurrency market ready for a possible rally in the impending bull market.
However, because ETFSwap (ETFS) has been projected to have a higher chance of creating millionaires in the cryptocurrency arena, investors and enthusiasts have turned their attention to it.
How ETFSwap (ETFS) Is Slowly Becoming The Next DeFi Powerhouse
ETFSwap (ETFS) is a blockchain platform that seeks to link decentralized finance with traditional finance by tokenizing real-world assets, particularly exchange-traded funds (ETFs). The DeFi platform makes it possible for crypto investors to take advantage of the $10 trillion traditional ETF market without ever having to leave the blockchain.
It completely eliminates the need for third-party brokers, which usually come with high fees, by allowing investors to find and invest in ETFs by themselves. The platform also provides tools for users to make the best decisions, such as ETF Filter and ETF Search, to find and figure out the best assets that fit into their portfolio.
ETFSwap (ETFS) ensures real-time data transparency and security for users and investors no matter where they are. This is because ETFSwap (ETFS) allows users to trade without having to undergo cumbersome Know Your Customer (KYC) processes, as is the case with traditional trading platforms.
CyberScope’s audit of its platform and smart contracts guarantees investors the reliability and security of the platform, assuring them of secure trading and the safety of their funds at all times.
ETFSwap’s native token, ETFS, serves as the key to the kingdom, and only holders of the token will be able to leverage ETFSwap for trading. Using the ERC-20 standard, this special ETFS token provides the DeFi community with unparalleled liquidity, security, and utility. Holders can also stake their tokens for juicy APYs, as well as participate in governance by voting on important decisions that affect the ecosystem.
The only way to get your hands on the ETFS token right now is in the first stage of its public presale. The token is currently selling for a mouthwatering price of $0.00854 at this stage. However, investors should hurry as over 85 million tokens have already been sold out, and the first presale stage is expected to sell out earlier than anticipated. By stage 2, the price would’ve already risen over 100% to $0.01831.
Market experts anticipate that ETFSwap will rise to $20, which would be a 4,000x increase from the current price of $0.00854, indicating the platform’s growth trend is likely to continue.
For more information about the ETFS Presale:
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