Ethereum
Can Ethereum flip Bitcoin? Top On-Chain Metrics Have the Answer
Ethereum’s (ETH) recent impressive momentum has reawakened the long-running debate about Ethereum toppling Bitcoin (BTC). Will this ever happen? Well, several experts believe that this is far from the case, but ETH is poised to outperform Bitcoin (BTC) in the short term, as shown by on-chain metrics.
In addition, a new platform based on Ethereum for trading tokenized ETFs, ETFSwap (ETFS), has taken the market by storm. Its ongoing pre-sale has attracted massive interest from retail and institutional investors, cementing the new project as a potential 100x towards the next bull market.
ETFSwap (ETFS) benefits from bullish sentiment on Ethereum
ETFSwap (ETFS) has benefited massively from the buzz around Ethereum, first as an Ethereum-based platform and then as an ETF trading platform. The new DeFi platform plays into the bullish narratives ahead of the launch of Spot Ethereum ETFs, and investors are capitalizing on its undervalued presale to make profits.
The wait for Spot Ethereum ETFs and other crypto ETFs has sparked more interest in the global ETF market, which is a refreshing asset class for crypto investors who want to explore less volatility. As ETFs continue to reach more crypto investors, ETFSwap (ETFS) is the first crypto-friendly platform providing investment and trading access to the global ETF market via blockchain.
Although they are backed by actual ETF securities, tokenized ETFs on ETFSwap offer more advantages compared to the same type of asset purchased directly from the traditional market. This provides more investment flexibility and allows for fast settlements, 24-hour trading, staking and lending opportunities, and much more.
ETFSwap (ETFS) emerges as a better platform for investors familiar with the ETF market and even better for crypto-native investors looking for compatibility between the two markets. Additionally, ETFSwap (ETFS) will not require users to provide KYC information, thus preserving the private nature of blockchain-based platforms.
The new platform will allow users to trade ETFs and other cryptos in full DeFi mode and enjoy leveraged trading across different asset types. Additionally, ETFSwap (ETFS) is expected to launch in beta in the coming weeks, allowing early adopters to experience its usability and user-friendly interface before the main launch.
On-Chain Metrics Show Bullish Outlook on Ethereum
The market has been rocked by surprising price swings in recent weeks, leading to significant losses for investors and massive liquidations. However, Ethereum has remained fairly stable over the same period. The crypto asset decoupled from the bearish wave for a brief bullish move, hinting at a bullish rally for ETH.
Amid Impressive Price Action on ETH, CryptoQuant Founder Ki Young Ju pointed out that the growing MVRV ratio on Ethereum is increasing faster than the MVRV of Bitcoin (BTC). He further states that the upcoming altcoin season could be an ETH-only season, given the current ETF situation.
The market value to realized value ratio (MVRV) determines how undervalued or overvalued a crypto asset is, and ETH records a bullish index against Bitcoin (BTC). Other technical indicators, such as MACD, Relative Strength Index (RSI), and Chaikin Money Flow (CMF), suggest higher prices in the coming days, as reported AMBCrypto.
At the time of writing these lines, Ethereum is trading at $3,504, with a price drop of 0.19% over the past week. On-chain metrics suggest that ETH could outperform Bitcoin (BTC) in the coming weeks, while surpassing Bitcoin’s market cap is still far from possible.
Additionally, rather than banking on the prospect of Ethereum overtaking Bitcoin (BTC), which only promises 3x profits at current valueinvestors are opting for ETFSwap (ETFS) as the ultimate investment choice in the current market cycle.
Conclusion
Crypto investors know better than to seek higher profit margins and guaranteed ways to profit than the prospects of Ethereum overtaking Bitcoin (BTC). The profit potential of ETFSwap (ETFS) offers the opportunity to generate generational wealth with a modest investment in its pre-sale. The current presale is selling out quickly at $0.01831which is well below market value.
Secure your top spots for life-changing gains and buy ETFS tokens before the price increases to $0.03846 to the next pre-sale stage.
For more information on the ETFS presale: