The chart for Ethereum (ETH) has formed a bull flag pattern. This means a strong uptrend with expected continuous growth, which analysts think is already having a ripple effect on other altcoins. For example, Kaspa ( KAS) surged 20% in 24 hours, ETFSwap (ETFS) sold out 200 million first-stage presale tokens in a few days, and Ripple (XRP) is set to hit a record price of $10 soon.
Analysts Bullish as ETFSwap (ETFS) Records Continuous Growth As It Fires Into Second Stage of PreSale After First Stage Success
ETFSwap (ETFS) is one of the leading and promising new altcoins. It recently just completed its first stage of presale, raising over $1.3 million and selling over 200 million tokens in a few days. ETFSwap immediately launched the second stage of the presale, and analysts have seen bullish momentum as market signs show it will ride the wave of the next bull run, pulling remarkable numbers.
As a platform designed to trade exchange-traded funds (ETFs), ETFSwap (ETFS) has undoubtedly benefited from the approval of Spot Ethereum ETF and, of course, its features. The ETFS token is the native coin of the ETFSwap trading platform, some of the reasons for its success are:
Passive Income Opportunities
Holding the ETFSwap (ETFS) token gives access to airdrops rewards, participation in staking with up to 36% earning opportunity, and benefit from an APR yield of up to 87%. All these benefits are in addition to profits from when the token value increases after launch.
Utility
The EFTSwap (ETFS) token has a strong utility on the trading platform. Traders who hold the token enjoy lower trading fees, access to trading tools, and exclusive investment opportunities.
The Unique Trading Platform
The trading features and services of the ETFSwap platform have also influenced the success of its native token, ETFS. The ETFSwap allows users to trade Exchange-traded funds (ETFs) using cryptocurrencies. This means users can swap crypto to invest in real-life EFTs in technology, health, oil & gas, and transportation sectors.
ETFSwap (ETFS) has designed the platform to enable traders to get maximum profits through perpetual futures trading with up to 50x leverage, staking, and 24/7 trading access. The platform has been audited by CyberScope( an industry-recognized security company) and its simple KYC free registration process has recorded over 10k users. No wonder analysts are forecasting that the second stage of presale selling at $0.01831 will also sell out soon.
Ethereum Bull Flag Pattern; What It Means For Altcoins
Using purchase data and charts, analysts have spotted a bull flag pattern that shows Ethereum may hit $4,900 sooner than expected. Although the current price seems stable over the last few days, the little activity still shows prices are consolidating inside a wedge, signaling an impending explosion.
The impending price explosion is expected to influence the performance of altcoins. Moreover, more than 800,000 ETH has been withdrawn from top exchanges after the approval of the Spot Ethereum ETFs.
Ripple (XRP) and Kaspa ( KAS) Set To Defy Odds And Follow Ethereum Pattern
Several analysts have touted Ripple (XRP) to rise from its current price of $0.5286 to $10 soon. In fact, the CEO of Ripple (XRP), Brad Garlinghouse, has said “that the approval of an XRP ETF is “inevitable”. This comes after EGRAG CRYPTO (@egragcrypto), a prominent analyst on X alongside Prominent Bitcoin trader Emily (@Crypto__emily), also forecasts Ripple (XRP) to reach $10 is inevitable.
Another coin showing the altcoins season is here is Kaspa (KAS). Kaspa (KAS) recently surged by 20% in 24 hours and reached a market cap of $4 billion. Currently trading at $0.1806, Kaspa (KAS) is close to its all-time high of $0.1890. The Relative Strength Index (RSI) of Kaspa (KAS) is sitting at 78.69, indicating an overbought condition, suggesting an uptrend.
Conclusion
Overall, the uptrend movement of Ethereum, Kaspa, and Ripple (XRP) attests to the incoming bull run ahead. Now may be the best time to invest in altcoins. Especially ETFSwap which has shown stable and continuous growth as its second stage of presale selling at $0.01831 may sell out as soon as the first.
For more information about the ETFS Presale:
