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6 months ago
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ARTICLE AD BOX
Ethereum whales seem to have struck gold with the ETFSwap (ETFS) crypto presale, as they have infused large amounts of money in it. Presales such as this are an opportunistic avenue that allows users access to cryptocurrencies at a hugely discounted price.
Thus, it is no surprise that these large holders are taking advantage of the low cost of the initial acquisition to increase their opportunities for future profits.
ETH’s Progressive Decline Triggers Inflow To New Presale
Since Monday, May 6, Ethereum’s (ETH) price movement has leaned toward short traders as uncertainty in the wider crypto market grows. The Ethereum (ETH) price is $3,075.33, a change of -0.45% over the past 24 hours. The recent price action on Ethereum (ETH) left the token market capitalization at $369.35 billion. So far this year, Ethereum has seen a change of 34.80%, an underperformance compared to some of its large counterparts.
However, data from Glassnode shows that Ethereum (ETH) has been steadily declining in centralized exchanges (CEXs), with a drop from 16% in March to 10.66% on May 5. This follows Invesco’s Spot Ethereum ETF application delay and the Securities and Exchange Commission (SEC) alleging that the Robinhood Crypto exchange violated Section 15(a) and 17A of the Securities Act of 1934.
These recent actions appear to have targeted Ethereum-related firms and crypto platforms that offer provisions for buying and selling Ethereum (ETH), causing many to predict that the SEC will deny applications for Spot Ethereum ETFs.
Given cryptocurrency’s issues, it is no surprise that Ethereum (ETH) whales are rapidly swapping out their ETH for ETFSwap (ETFS). The platform has captured the hearts of these large holders by offering the best of both worlds: a brand new technological innovation for crypto and a chance to make massive profits from its crypto presale.
Ethereum Whales Take Decisive Action
This week, 7,000 ETH was withdrawn from Lido Finance (LDO) and deposited on Binance by a notable Ethereum (ETH) whale on Monday following Ethereum’s recent drop in price. The whale’s previous transaction shows a profit of more than $16 million. Having withdrawn 12,906 ETH at $1,890 from Binance and staked in Lido.
This left the crypto community on alert as to where the profits would go, with the massive number of ETFSwap (ETFS) tokens sold (60 million as of the time of writing) signaling massive adoption of the token.
Many in the crypto space believe the Ethereum (ETH) whale has followed in the footsteps of others before him, who diversified the majority of their profits into the ETFSwap (ETFS) platform. They are in line for unbelievable returns when the token goes up to $0.01831 in Stage 2 of their presale and eventually makes its way to $2, as experts have predicted.
Why The ETFSwap (ETFS) Presale Is Almost Sold Out In Less Than A Week
The trick to selecting the right presale platforms is identifying a project worth to maximize returns and minimize risks. Several platforms will stand out in 2024, but none show more promise than ETFSwap (ETFS), which has revolutionized the crypto landscape with its innovative tokenized ETF trading platform.
The platform serves to bridge cryptocurrency and ETFs. Blockchain technology provides users access to the $9.6 trillion ETF market by tokenizing these assets to be traded on-chain.
Being among the providers of spot Bitcoin ETF trading, ETFSwap (ETFS) competes with leading institutions like BlackRock and Fidelity in offering users the opportunity to leverage the massive capital flowing into the ETF market. It offers an additional advantage by allowing swaps between crypto ETFs and multiple markets.
You’ll definitely find the ETFSwap (ETFS) option of up to 10x leverage a catch, allowing you to maximize your profit margins by up to 1,000%. The platform also provides staking services so that you can earn passive income up to 87% in annual percentage rate (APR) yield and exercise governance rights as a holder of the ETFS token.
With just a few days left until the end of Stage 1 of the presale, a large volume of liquidity is flowing in at the present price of $0.00854.
For more information about the ETFS presale:
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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