Altcoin
Crypto Analyst Predicts When Bitcoin Will Reach New ATH, These 2 Altcoins Are Poised to Follow
A prominent cryptocurrency analyst has made a bold prediction about Bitcoin (BTC), revealing when the pioneer cryptocurrency will hit its new all-time high. Meanwhile, two altcoins from crypto projects – ETFSwap (ETFS) and Retik Finance (RETIK) will follow in Bitcoin’s footsteps to reach new all-time highs in the next bull market in 2024.
ETFSwap (ETFS) is set to reach a new all-time high above $5
ETFSwap (ETFS) is a decentralized exchange where users can trade cryptocurrencies with tokenized exchange-traded funds (ETFs). Its native token, ETFS, has grown in popularity and attracted the attention of thousands of investors globally.
Thanks to the token’s solid utility and ability to provide users with access to the trillion-dollar ETF market via ETFSwap, many crypto analysts believe the ETFS altcoin is on track to reach new all-time highs greater than $5 this bullish season.
ETFSwap (ETFS) allows users to purchase and trade institutional EFTs such as cryptocurrency spot and futures ETFs, leveraged ETFs, commodity ETFs and fixed income ETFs. Investing in these ETFs exposes users to different sectors of the world that have multi-billion dollar valuations, such as energy, technology, healthcare and commodities.
At the heart of ETFSwap’s dynamic ecosystem is its native token, ETFS, which accelerates transactions on the platform and enables the trading of tokenized institutional ETFs. Investing in this innovative token gives users access to numerous trading features on ETFSwap (ETFS), including staking options and voting rights for platform governance.
ETFSwap (ETFS) also boasts robust security and privacy protocols, having undergone rigorous checks verify from CyberScope, a leading cybersecurity and blockchain company. The audit findings indicated no critical vulnerabilities in ETFSwap’s smart contracts, highlighting the platform’s resilient infrastructure and resilience against cyber threats.
Additionally, the platform has eliminated the need for KYC verifications, effectively simplifying the process of opening a user’s account while limiting interference from regulators and protecting their privacy and identity.
Being a decentralized trading platform, ETFSwap (ETFS) offers numerous benefits and trading opportunities for both traders and investors. This platform offers up to 10x leverage on all trades, low trading fees, staking rewards, and an automatic monthly airdrop reward for token holders.
Currently, ETFSwap presale is ongoing and tokens are being sold at a discounted price of $0.00854. In just a week, the platform was sold 85 million ETFS tokens, with thousands sold every day. This high demand is attributed to the growing potential of ETFSwap, as investors purchase tokens ahead of ETFS’s expected surge to new all-time highs above $5.
Crypto analyst says Bitcoin (BTC) could hit new all-time highs
In a recent post from x (formerly Twitter), crypto analyst Willy Woo expected that Bitcoin (BTC) could soon reach its next all-time high. Sharing a graph of Bitcoin prices from 2023 to 2024, Woo explained that Bitcoin (BTC) has remained stagnant over the past two months, with market-ready Bitcoin (BTC) quietly accumulating while spot and “paper” Bitcoin (BTC) reserves have declined in recent years.
In particular, the crypto analyst pointed out that the decrease in Bitcoin supply and increase in demand was a bullish sign for the pioneer cryptocurrency. He predicts that “it is only a matter of time before BTC breaks the all-time high.”
At the time of writing, Bitcoin (BTC) is trade to $68,812, reflecting a decline of 0.42%, according to CoinMarketCap. The cryptocurrency had already reached an all-time high in early March 2024, surpassing $73,000, while hype over the approval of the Spot Bitcoin ETF fueled its price increase.
Retik Finance (RETIK) ATH threatened by continuous declines
Following the launch of its platform and native token, Retik Finance (RETIK) has performed well, fueled by the success of its pre-sale. Due to the popularity of the crypto project, many have seen Retik Finance (RETIK) reach new all-time highs. However, Retik Finance (RETIK) has failed to live up to expectations, posting sharp declines that could threaten its growth.
The cryptocurrency’s daily trading volume also decreased significantly, decreasing by 8.79%. Despite reaching a market capitalization of $614.7 million, Retik Finance (RETIK) is currently seeing an increase of 0.00% in its market capitalization.
Conclusion on the ETFSwap (ETFS) road map to new highs
Unlike Bitcoin (BTC) and Retik Finance (RETIK), ETFSwap (ETFS) has seen a notable increase in investors and cryptocurrency enthusiasts on its platform, underscoring investor sentiment regarding ETFSwap’s future potential. ETFS, the native token of the ETFSwap ecosystem, is already charting a course to new all-time highs ahead of the 2024 bull market.
For more information on ETFS presale: