Altcoin
Crypto Billionaire Predicts ETH Rise, Highlights Major Altcoins
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The cryptocurrency billionaire predicts Ethereum will hit $4,500 before the launch of Spot Ethereum ETFs, highlighting ETFSwap, Ondo Finance and Chainlink as key altcoins to capitalize on the surge.
Arthur Cheong, founder and CEO of Defiance Capital, recently predicted that the price of ETH will reach $4,500 even before Spot Ethereum ETFs go live. In line with this, ETFSwap (ETFS), Ondo Finance (ONDO), and Chainlink (LINK) have emerged as three altcoins that cryptocurrency investors are looking at ahead of this significant Ethereum (ETH) price surge. These three altcoins have stood out for their ability to fit into the narrative.
ETFSwap outperforms altcoins and is poised to benefit from ETH’s surge
ETFSwap is one of the major altcoins set to run when ETH price rises to $4,500 due to its close association with the Ethereum ecosystem and Spot Ethereum ETF news. ETFS is the native token of ETFSwap, an investment platform built on the Ethereum network.
ETFSwap tokenizes funds such as Spot Ethereum ETFs and makes them available for on-chain trading. Given the convenience offered by the platform, it will become the go-to platform for investors to trade these traditional and crypto ETFs, such as Spot Ethereum ETFs. ETFS, being the native token of the platform, means that all incoming flows will pass through it, triggering high demand.
Users must hold a certain amount of ETFS tokens to access and invest in tokenized funds on the investment platform. As an ERC-20 token, ETFSwap It also stands out because it is deflationary. The ETFSwap team has already committed to sending a 1% purchase fee to a burned wallet. This is even more bullish when looking at ETFSwap tokenomics. The crypto token has a total supply of 1 billion. This means that these token burns will significantly affect ETFSwap, especially given the demand the crypto token is set to enjoy.
ETFSwap’s tokenomics is one of the reasons why cryptocurrency investors have remained ultra-bullish on the crypto token. These investors have accumulated over 100 million ETFSwap tokens in Phase 1 of the ongoing presale.
Ondo Finance and Chainlink are attracting attention
Ondo Finance and Chainlink are other Ethereum-based altcoins currently attracting a lot of attention. This puts them in an excellent position to make a significant rally when the price of ETH rises once Spot Ethereum ETFs begin trading. Interestingly, Ondo Finance and Chainlink have rallied following the approval of Spot Ethereum ETFs.
For its part, Ondo Finance has recorded a 36% gain in the last seven days and is back above $1, currently trading at around $1.24. On-chain analytics platform Sentiment noted that Ondo Finance’s rise is also due to the rapid growth of the network, with non-empty Ondo Finance wallets growing by more than 550% since February 26.
Meanwhile, Chainlink is also one of the altcoins flying high right now, having made a 6% price gain over the past seven days and could make further upward moves as ETH price rises to $4,500 due to the bullish trend surrounding Ethereum Spot ETFs. Chainlink has become one of the most popular crypto projects in the Ethereum ecosystem thanks to how it continues to integrate traditional institutions on the chain.
Currently trading at around $17.35, Chainlink is holding well above the $17 support level and simply needs a catalyst like the ETH price surge to push it close to $20.
Conclusion
The dominance of ETFSwap, Ondo Finance, and Chainlink in the Ethereum ecosystem highlights the success that Real World Assets altcoins are enjoying in the crypto space right now amid expectations surrounding Spot Ethereum ETFs.
Interestingly, this is just the beginning, especially for these tokens ETFS exchange, which, being a new currency, has more than enough room to run higher. That’s why buying ETFSwap at the current price of $0.00854 could be a good investment.
To find out more about ETFS presale, visit the ETFSwap presaleAND join the ETFSwap community.
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