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Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

Published

4 months ago

on


Aug 10, 2024 14:42&nbspUTC

| Updated:

Aug 10, 2024 at 14:42&nbspUTC

By&nbspClark

A cryptocurrency competing with Solana (SOL) in terms of performance is also set to surpass Ripple’s (XRP) market gains in 2024. Although yet to be launched, ETFSwap’s (ETFS) presale success has made far-reaching waves and gathered a huge investment inflow in less than three months. 

Experts have predicted that ETFSwap (ETFS) is not only fiercely competing with Solana (SOL) but also set to outperform Ripple (XRP) in terms of profit by the end of 2024. 

Solana (SOL) And Ripple (XRP) Battles A New And Unusual Competitor

Solana (SOL) has been one of the flourishing cryptocurrencies in 2024. Solana (SOL) suffered a severe decline at the start of the year, plummeting from $230 to $120, and went further down to $110. However, Solana (SOL) is starting to recover. Currently, it trades at around $150 and is gradually recovering.  

This positive recovery puts it among the top-performing cryptos, as this year has badly affected tons of cryptocurrencies, with Bitcoin also (BTC) falling from $73,000 to $49,000. Despite being in its presale, Solana’s (SOL) run is close to that of ETFSwap (ETFS). Experts measured this by the explosive performance of the token’s presale. For context, ETFSwap (ETFS) completed its first presale stage in a few weeks and raised over $1 million. With the second presale stage also raging high, experts say it will outperform Ripple (XRP) when it launches as it targets $10 when it debuts on top exchanges. 

Why ETFSwap (ETFS) Is Having An Explosive Presale Run 

ETFSwap (ETFS) is having a presale like no other after hitting the market with a new and unique solution in the ETF space. The ETFSwap (ETFS) platform is designed as a DeFi trading platform that allows investing and trading real-world ETFs such as oil & gas, transportation, finance, and agriculture, to mention a few. These asset classes are available on the blockchain so that investors can swap them for cryptocurrencies. The ETFSwap (ETFS) platform has a user-friendly interface that is easy to navigate. It also runs a borderless and permissionless system, allowing users to register without needing KYC details. 

As of press time, nearly 15,000 people have registered to use ETFSwap (ETFS) to trade ETFs as it offers perpetual trading with 50x leverage. The platform also gives access to AI-powered tools that can track, analyze, and make predictions about the ETF market. These features attract traders to buy the platform’s token – ETFS– as it gives access to these ultra-powerful trading tools. The ETFS token will soon be exhausted as over 350 million tokens have been sold. The tokens also have many utility and incentives, so more will be accumulated before the ETFSwap (ETFS) launch. 

ETFSwap (ETFS) has defied market conditions as more than 60% of the second presale stage tokens have been sold despite fluctuating crypto market conditions. No surprise then that it is vying with Solana (SOL) and set to beat Ripple (XRP) when it launches. One key reason for the latter prediction is the announcement of the KYC-verified ETFSwap (ETFS) team that mentions the launch of Spot ETF for ETFSwap (ETFS) in 2025. According to experts, submitting an ETF application will drive the rise to high price levels capable of making the ETFSwap (ETFS) the best investment of 2024. 

How Is Ripple (XRP)  Performing So Far? 

Ripple (XRP) started the year with a 3.59% rise from $0.615656 to $0.637770 but soon dropped by 19%. By April 2024, Ripple went further down to $0.483486 while battling a legal case with the US SEC. However, by July, Ripple (XRP) had recovered by more than 20%, bringing it to $0.623824. 

According to experts, Ripple (XRP) is expected to increase by almost 100% and reach $1 by the end of 2024. 

Conclusion 

As Ripple (XRP) targets a 100% increase by the end of the year, ETFSwap (ETFS) targets over 1000%. This prediction will put it ahead of its present competition — Solana (SOL), and outperform the predicted profits Ripple (XRP) is set to give its investors. 

With ETFSwap (ETFS) still in the presale phase, selling for $0.01831, now is the time to invest and position for massive ROI. 

For more information about the ETFS Presale

Visit ETFSwap Presale

Join The ETFSwap Community

Clark

Head of the technology.

#Press Release

This is a paid press release. Btcwires does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.





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Altcoins

Bitwise CIO Matt Hougan Predicts Institutional Interest in Altcoins, Says 2025 the Year of Crypto Diversification

Published

1 day ago

on

December 22, 2024

By


Bitwise CIO Matt Hougan says a wave of institutional interest in altcoins is coming next year, largely due to potential regulatory clarity and more exchange-traded funds (ETFs).

In a new interview with Bloomberg, Hougan says that institutional money is in the early stages of broadening out to other crypto assets besides just Bitcoin (BTC).

Hougan forecasts that 2025 will be the year that institutional investors will begin to incorporate more diversification in their crypto-investing strategies the same way they do in other asset classes like equities or bonds.

“You’re already seeing it broaden out actually. A lot of people were worried about the Ethereum ETFs for instance, which launched this summer and had tepid inflows.

But over the last month or so, you’ve seen billions of dollars flow into those products.

Again, the things that have happened in crypto in the past keep happening. Historically, most people enter crypto through Bitcoin, and then they discover Ethereum, and then they think about Solana. There’s no reason to assume that the institutions that came into Bitcoin won’t move on to other assets in the future. 

In fact, I think in 2025, you’re going to see an explosion of interest in index space strategies that give diversified exposure to crypto. Of course, [that is] something we’ve been doing at Bitwise since 2017 when we pioneered that concept. I think 2025 is when that becomes a mainstream way to allocate to this space, the same way it is to stocks and bonds and real estate and everything else.”

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Censorship

Governments And Large Institutions Can Buy All The Bitcoin They Want (Except Yours)

Published

1 week ago

on

December 13, 2024

By


Follow Aaron on Nostr or X.

An X post by Anita Posch warning about the risks of governments and institutions buying up large amounts of bitcoin went viral this week— even if just because of the trollish community note that appeared underneath it. I think the main concern here is that these big holders could influence the Bitcoin consensus rules to impose censorship.

When it comes to censorship specifically, mining centralization is actually a more direct threat. But if it’s just miners censoring, it would only last for as long as a majority of miners is willing to keep doing it— at the expense of forfeiting transaction fees. If and when the censorship stops, transactions would start confirming again as if nothing happened.

If economic nodes were to enforce censorship as new protocol rules as well, however, it can indeed be considered a soft fork. In this scenario, miners can’t revert from the censorship without splitting the blockchain between “upgraded” (censoring) and non-upgraded nodes; that would constitute a hard fork. Buyers and sellers of the two versions of bitcoin would then determine which blockchain is more valuable; this is why some bitcoiners are concerned about governments and other large institutions accumulating a significant share of the bitcoin supply.

It’s a reasonable concern, and something to be aware of. At the same time (and similar to my argument in this Take), it’s not obvious to me that governments or large institutions would be willing to risk it all by betting on a censorship fork of Bitcoin. But even more importantly, there isn’t much we can do to stop governments or other institutions from buying bitcoin anyways— nor should there be, as that would (ironically) itself represent a form of censorship.

The best countermeasure, in this regard, was actually already proposed by Nikolaus: Don’t sell MicroStrategy your bitcoin.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.



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Bitcoin

Ether (ETH) ETF Inflows Hit Record, Bitcoin ETF Inflows Soar as BTC Price Eyes $90K

Published

1 month ago

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November 12, 2024

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“Assets in the US spot bitcoin ETFs are now up to $84b, which is 2/3 of the way to what gold ETFs have, all the sudden there’s a decent shot they surpass gold before their first birthday (we predicted it would take 3-4yrs),” Eric Balchunas, a senior analyst at Bloomberg, said in a post on X.



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