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Institutions Increased Their Bitcoin (BTC) ETF Allocation in Second Quarter, Bitwise Says
Published
4 weeks agoon
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adminPlease note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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1 week agoon
September 11, 2024By
adminSep 11, 2024 14:51 UTC
| Updated:
Sep 11, 2024 at 14:51 UTC
By Clark
Crypto analysts predict a solid bullish upward move for ETFSwap (ETFS) as September approaches. With predictions of a bullish breakout, ETFSwap (ETFS) is capturing attention, leaving other tokens like Polkadot (DOT) and Near Protocol (NEAR) in the spotlight for comparison.
ETFSwap (ETFS): To Make Next Bullish Move As Forecasted By Analyst
With the crypto market facing uncertainty, ETFSwap (ETFS) is emerging as a promising alternative to Polkadot (DOT) and Near Protocol (NEAR). Analysts believe that ETFSwap (ETFS) will make a bullish move in September, and its competitors will struggle to keep up. As ETFSwap (ETFS) enters its final presale stage, investors and analysts can purchase the token at $0.03846, setting the stage for potential profits as the token is projected to make a bullish move.
As is evident, ETFSwap (ETFS) is known to support the trading of tokenized ETFs with up to 50x leverage to increase users’ trading capability. In contrast to traditional ETFs, ETFSwap (ETFS) enables users to swap tokenized ETFs for other cryptos, expanding their portfolios. The fact that the platform is still in its final stage is no wonder interested investors are buying the ETFS tokens massively to generate revenues.
ETFSwap (ETFS) has undergone an audit by the well-known security firm CyberScope, ensuring the platform is safe for users. All team members have passed the KYC check; it has positively influenced the development of confidence in the project and increased the number of registered users.
Over 15,000 users have registered for the platform’s KYC-free trading system, which offers trading for perpetuity with up to 50x leverage. The system also features an array of AI tools to identify patterns in the market and even predict them. In addition to AI tools like an ETF tracker and ETF screener, ETFSwap (ETFS) also comes with staking rewards, monthly airdrops, and up to an 87% APR yield, making it quite lucrative for investors and analysts.
Polkadot (DOT): Aims To Stay Afloat Amidst Uncertain Market Downturn
Polkadot (DOT), a decentralized protocol known for using parachains to enhance speed and scalability, is now facing challenges. This platform allows more transactions, governance, and staking tokens. Recent market conditions have put pressure on it, with bearish trends dominating its charts.
After its 2020 launch, Polkadot (DOT) was once hailed as a significant contender in the crypto space, but its value has steadily declined from a yearly high of $10 to its current price of around $4.18. Last week, it dropped by 0.4%; over the past month, it slid by 12%, raising concerns among investors. As Polkadot (DOT) struggles to hold the $4 mark, many holders are growing uneasy, fearing the possibility of further downward movement in the coming days.
Near Protocol (NEAR): Recovers From Hack, Faces Struggles In The Market
Near Protocol (NEAR) is another coin trying to stay competitive with ETFSwap (ETFS), but it recently faced a setback when its X (formerly Twitter) account was hacked. Unlike typical breaches aimed at promoting fake airdrops or rug pulls, this hack took a different turn. The unidentified hacker used the account’s popularity to post hate messages targeting the crypto and Web3 sectors, adding Near Protocol to the list of projects hit by multiple hacks.
Near Protocol (NEAR) is trading at $3.87 at the time of writing, having dropped 2% over the past week and 4.5% over the past month. Despite this decline, its 24-hour trading volume surged by 16.4% to over $154 million, while its market cap saw a modest 4.3% increase, reaching $4 billion. Despite the recent challenges, Near Protocol (NEAR) continues to rank among the top 20 coins, according to CoinMarketCap.
Why Analysts Say ETFSwap (ETFS) Is The Best Bet To Buy In September
Analysts believe that ETFSwap (ETFS) is in the process of raising more than $4 million, and the token’s price will increase when entering the bullish stage in September. Polkadot (DOT) and Near Protocol (NEAR) investors have already started shifting their funds into ETFSwap (ETFS), recognizing its potential for significant returns.
With the presale still ongoing and tokens available at a low price, analysts say now is the time for investors to act and secure their position before the token’s price climbs further. ETFSwap’s presale performance shows that it is most likely to surge massively as it makes its next bullish move and ranks as the best ETF trading platform in 2024.
For more information about the ETFS Presale:
Clark
Head of the technology.
#Press Release
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Bitcoin (BTC) Miners’ Share of Global Hashrate Hit New High of 26% in August, JPMorgan Says
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August 18, 2024By
adminPlease note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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analysts
Coinbase's 'Solid' Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say
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