Recently, Captain Faibik shared a chart on X and captioned it with statements that hint at a potential breakdown in Bitcoin’s (BTC) dominance. Captain Faibik suggests that once this Bitcoin (BTC) pattern occurs, the altcoin market could experience a rally. In light of this, he urges investors to start buying and patiently holding altcoins like ETFSwap (ETFS) for potential gains.
Crypto Analysts Predict Altcoin Rally as Bitcoin (BTC) Dominance Weakens
According to Captain Faibik’s recent post on X (formerly Twitter), Bitcoin’s (BTC) dominance in the crypto market could start declining with the formation of a Rising Wedge pattern. This Rising Wedge formation typically suggests a possible reversal or weakening trend, and in this case, it could indicate that Bitcoin’s (BTC) dominance in the crypto market could potentially decline.
He further hinted that once the Bitcoin (BTC) dominance breaks down from the Rising Wedge, the “real altcoin party” will begin. This shift is bound to create huge chances for altcoins to shine, as a drop in the dominance of Bitcoin (BTC) often leads to increased interest and capital flow into other cryptocurrencies.
Currently, the price of Bitcoin (BTC) is also in a declining state. These price fluctuations have pushed many investors from Bitcoin (BTC) to other cryptocurrencies in the market. As of writing, CoinMarketCap reports that Bitcoin (BTC) is trading at $56,511, reflecting a 3.39% decrease over the past week.
Faibik also discussed the need to be patient and hold promising altcoins, like the ETFS token, for the midterm and long term as this market shift occurs. Following his suggestion, many investors are eyeing various promising tokens that will capitalize on Bitcoin’s (BTC) drop in dominance.
ETFSwap (ETFS) Is Set To Lead Major Altcoin Gains This Year
ETFSwap (ETFS) stands out as a fully decentralized platform where investors from diverse sectors can own and trade tokenized ETFs. By allowing users to swap ETFs for cryptocurrencies, ETFSwap (ETFS) commits itself to top compliance and security regulations. This includes backing up its ETFs with Real World Assets (RWAs) protected by Mi-CA-regulated licensed banks.
To ensure investors can use its platform easily and maximize their earnings, ETFSwap (ETFS) will integrate several enticing incentives and special perks like permissionless access to the platform. This innovative platform offers incentives such as monthly airdrops, staking rewards up to 87% APR yield, 50x leverage on all listed ETFs, and many more. These exclusive benefits are reserved for investors of ETFSwap’s native token, ETFS.
ETFSwap (ETFS) also boasts top-rated security, having been audited by CyberScope— a leading blockchain auditing firm. They have also undergone KYC verification from SolidProof, ensuring a secure and transparent trading environment.
With only a few tokens left in the ETFSwap presale, investors are rushing to invest in this crypto project to secure all its other benefits. Currently, more than 500 million tokens have been sold, and over $5 million in revenue has been accumulated.
As token holders on the ETFSwap (ETFS) platform, investors will have access to a 36% passive incoming earning in its staking pool, low and discounted trading fees, voting rights, and early access to new ETF listings. With additional AI-powered tools like ETF trackers and screeners that help investors navigate the ETF trading market smartly, ETFSwap (ETFS) even offers assisted trading.
The ETFS token presale is gradually nearing its end, with its ascent to its third and final stage. The price of the ETFS token already saw a significant jump of 110% while entering its last and current presale phase. However, analysts expect more price increases for this token and urge investors to take advantage of ETFS’ low price of $0.03846.
Conclusion
The ETFSwap (ETFS) platform plans to launch its official ETF by 2025. When achieved, such milestones could propel the adoption and value of ETFSwap (ETFS) to new levels, enabling early investments to profit. The current ETFS presale stage could be the last chance for investors to purchase the token for a discounted price before the platform’s debut.
For more information about the ETFS Presale:
