The recent impressive momentum of Ethereum (ETH) has reawakened the long-standing debate of Ethereum flipping Bitcoin (BTC). Is this ever going to happen? Well, several experts believe it’s a long shot, but ETH is poised to outperform Bitcoin (BTC) in the short term, as on-chain metrics show.
In other news, a new Ethereum-based platform for trading tokenized ETFs, ETFSwap (ETFS), has taken the market by storm. Its ongoing presale has drawn massive interest from retail and institutional investors, solidifying the new project as a potential 100x towards the next bull market.
ETFSwap (ETFS) Benefits From Bullish Sentiment On Ethereum
ETFSwap (ETFS) has benefitted massively from the buzz on Ethereum, firstly as an Ethereum-based platform and then as an ETF trading platform. The new DeFi platform plays into the bullish narratives ahead of the launch of Spot Ethereum ETFs, and investors are capitalizing on its underpriced presale for profits.
The wait for Spot Ethereum ETFs and more crypto ETFs has brought more interest to the global ETF market, which is a refreshing asset class for crypto investors who want to explore less volatility. While ETFs continue to reach more crypto investors, ETFSwap (ETFS) is the first crypto-friendly platform offering investment and trading access to the global ETF market via the blockchain.
Although backed by real ETF securities, the tokenized ETFs on ETFSwap offer more upsides compared to the same asset type purchased directly from the traditional market. This provides more investment flexibility and allows for fast settlements, round-the-clock trading, staking and lending opportunities, and more.
ETFSwap (ETFS) emerges as a better platform for investors familiar with the ETF market and even better for native crypto investors seeking compatibility between both markets. Also, ETFSwap (ETFS) will not require users to provide any KYC information, preserving the private nature of blockchain-based platforms.
The new platform will allow users to swap ETFs and other cryptos in full DeFi mode and enjoy leveraged trading on various asset types. Furthermore, ETFSwap (ETFS) is set for beta launch within the next few weeks, allowing early adopters to experience its usability and user-friendly interface ahead of the main launch.
On-chain Metrics Show Bullish Prospects On Ethereu
The market has been rocked with surprising price swings in the past weeks, resulting in significant investor losses and massive liquidations. However, Ethereum has remained fairly stable in the same time frame. The crypto asset decoupled from the bearish wave for a brief upward movement, hinting at a bull rally for ETH.
Amid the impressive price action on ETH, CryptoQuant founder Ki Young Ju pointed out that the growing MVRV ratio on Ethereum is rising faster than Bitcoin’s (BTC) MVRV. He further states that the coming altcoin season might be an ETH-only season, considering the current ETF situation.
The Market Value to Realized Value (MVRV) ratio determines how undervalued or overvalued a crypto asset is, and ETH registers a bullish hint over Bitcoin (BTC). Further technical indicators, such as the MACD, Relative Strength Index (RSI), and Chaikin Money Flow (CMF), hint at a price surge in the coming days, as reported by AMBCrypto.
As of this writing, Ethereum is trading at $3,504, with a 0.19% price drop in the past week. On-chain metrics suggest that ETH could outperform Bitcoin (BTC) in the coming weeks while surpassing Bitcoin’s market cap is still far from possible.
Also, rather than banking on the prospects of Ethereum surpassing Bitcoin (BTC), which only promises 3x profits at current value, investors are opting for ETFSwap (ETFS) as the ultimate investment pick in the current market cycle.
Conclusion
Crypto investors know better to chase higher profit margins and guaranteed means for profit than the prospects of Ethereum surpassing Bitcoin (BTC). The profit potential of ETFSwap (ETFS) offers an opportunity to generate generational wealth with a modest investment in its presale. The ongoing presale is selling out fast at $0.01831, which is way below market value.
Secure your early spots for life-changing gains and buy some ETFS tokens before the price increases to $0.03846 on the next presale stage.
For more information about the ETFS Presale: