Crypto Analyst Says ‘True Correction’ Is Coming For Bitcoin - Here’s The Target
Crypto analyst James Butterfill, CoinShares head of research, recently suggested that Bitcoin (BTC) could further decline following its recent drop below $60,000. If so, this is undoubtedly the perfect opportunity to accumulate more ETFSwap (ETFS) tokens in its ongoing presale, considering that its value will skyrocket once Bitcoin (BTC) reaches new heights.
ETFSwap (ETFS) Expected To Soar To New Heights
ETFSwap (ETFS) is expected to soar once Bitcoin (BTC) and the broader crypto market recover. Moreover, ETFSwap’s (ETFS) beta platform is set to launch soon enough, possibly in 30 days, providing bullish momentum for the crypto token. In addition, the Spot Ethereum ETFs will begin trading soon, which is another bullish news for ETFSwap (ETFS).
ETFSwap (ETFS) is a blockchain-based investment platform that tokenizes exchange-traded funds (ETFs) like the Spot Ethereum ETFs. The DeFi platform is redefining ETF trading by bringing these ETFs on-chain and providing a more accessible and safer way to invest in and trade these traditional assets.
ETFSwap (ETFS) provides 24/7 coverage of the ETF market, allowing users to trade ETFs at any time. The trading platform also offers market-making services, ensuring ample liquidity while trading and ensuring users settle their buy and sell orders within seconds. Users also enjoy leverage trading, with the platform offering up to 50x leverage on all ETF trades.
Furthermore, ETFSwap (ETFS) offers perpetual trading services, allowing users to keep their trades open for as long as they want. Thanks to the trading platform’s decentralized nature, investors can open and close their positions at any time, thereby providing more flexibility regarding risk management.
The decentralized finance (DeFi) platform boasts automated portfolio management features, including automatic rebalancing, which frequently helps to align investors' portfolios with their investment goals. Investors will also have access to advanced artificial intelligence (AI) trading tools and real-time data to help them become more successful in their trades.
These AI tools, ETF Tracker and ETF Tracker, are designed to provide investors with the best recommendations based on their analysis of several data, including market sentiments, historical trends, and pattern recognition. These tools will further use this data to perform predictive analysis and forecast the future outcome of investment decisions made by investors.
The ETFSwap (ETFS) token is integral to all of the DeFi platform’s offerings, and users will need the crypto token to access the platform's features. As such, accumulating ETFSwap (ETFS) at its current price of $0.0183 is a great investment decision, considering its price will surge once Bitcoin (BTC) reaches new highs. The crypto token is also expected to skyrocket once its beta platform and the Spot Ethereum ETFs go live.
A “True Correction” Is Underway For Bitcoin
Crypto analyst James Butterfill mentioned in a recent report that further outflows from Bitcoin (BTC) investment funds show a true correction for the flagship crypto is underway. The US Spot Bitcoin ETFs, specifically, were known to have contributed significantly to Bitcoin (BTC) hitting a new all-time high (ATH) of $73,000 earlier in March.
Therefore, it only makes sense that Bitcoin (BTC) is experiencing a significant price correction, with institutional investors currently offloading their shares in these Bitcoin (BTC) investment products. Despite this recent market downtrend for Bitcoin (BTC) and other crypto tokens, the crypto market is undoubtedly still in a bull market, and new ATHs can be expected.
Mark Wong, HashKey OTC’s head of trading, also recently provided a bullish narrative for Bitcoin (BTC), stating that family offices and asset managers are still accumulating the flagship crypto. He predicted that Bitcoin (BTC) would enjoy a better performance in the fourth quarter and even come close to or reach $100,000.
Conclusion On ETFSwap (ETFS) Just Getting Started
With Bitcoin (BTC) expected to reach $100,000, ETFSwap’s run is undoubtedly just getting started. Crypto analysts predict that ETFSwap (ETFS) could enjoy as much as a 100x price gain as demand for it grows due to the potential Solana (SOL) and Ripple (XRP) ETFs that could launch once the Spot Ethereum ETFs go live.
For more information about the ETFS Crypto Presale:
Disclaimer: Cryptocurrency investment is a high-risk activity in a volatile market. Any financial and crypto market information in this article is for informational purposes only and should not be treated as investment advice. Conduct your research and consider consulting financial experts before making any investment decisions.