The crypto market has been extremely volatile in recent days, with Bitcoin (BTC) dipping as much as 8% to $56,814 on May 1. However, ETFSwap (ETFS) stands out with its presale, which has raised over $300,000 and continues to attract interest from institutional and retail crypto investors alike.
The Month Of May Brings Blood To Crypto Streets
While the long-term crypto market sentiment is still that of a bull market, crypto traders experienced a short-term sell-off on May 1, which was likely due to some macroeconomic factors. This saw the entire crypto market capitalization plunge by 4.12% to $2.08 trillion.
Thus, Bitcoin (BTC) dumped below a key support level, hitting its lowest price point since February. The volatility also affected all major cryptocurrencies, resulting in over $380 million worth of liquidations in just 24 hours.
According to analysts, this sell-off was a result of crypto investors entering a risk-off mode in anticipation of the US Federal Reserve’s interest rate decision. Another factor could be the sentencing of Changpeng Zhao (CZ), the former CEO of Binance, to prison by a US court. CZ, an icon in the crypto world, was sentenced to four months in prison on April 30 after pleading guilty to violating US money-laundering laws.
Amid the chaos in the crypto market, only one coin has continued to perform incredibly well, rising by over 300% while the broader market struggled. This coin is ETFS, the native token of the ETFSwap ecosystem.
ETFSwap Maintains Positive Sentiment Amidst Crypto Chaos
ETFSwap (ETFS) is a unique platform that offers users the ability to leverage the power of crypto ETFs by tokenizing these ETFs on the blockchain. Therefore, users can buy, sell, store, or swap ETFs on decentralized marketplaces on the platform. This ensures that anyone can benefit from crypto ETFs without submitting to the whims of centralized platforms.
In a bid to develop an all-encompassing platform for ETF investments, ETFSwap (ETFS) offers other types of ETFs apart from crypto ETFs. These include commodity ETFs, which track the performance of commodities like gold, silver, and oil; market ETFs, which track assets like S$P 500; and fixed-income ETFs, through which users can invest in bonds and treasuries.
Other offerings of the platform include a leverage function, which allows users to amplify the returns of trading ETFs by up to 1,000%. There is also an ETF Screener tool and a native ETFSwap filter, which, when combined, help users make tailored ETF investment decisions.
These unique provisions have led to positive sentiment in the ETFSwap (ETFS) community, enabling the project to secure $750,000 in a private sale funding round in just 3 days. The funding, gotten from titans in the crypto sector, has pushed the project to the presale stage of its roadmap, which has also seen incredible success.
How To Join The Fast-selling ETFS Token Presale
The ETFS presale is currently in its first stage, where each token sells for $0.00854. Over 45 million tokens have been sold and about $335,000 has been raised so far. There is also a generous 18% bonus offered at the point of purchase. You only need to enter “ETFS18” when buying and your balance will be topped up with free ETFS tokens.
As is expected from professional crypto projects, the ETFSwap (ETFS) team has applied for a license from the appropriate authorities. While awaiting this license, they have also engaged in an extensive audit of the platform with the help of Cyberscope, a platform known for performing comprehensive audits on blockchain projects.
The audit came back with a positive security score for ETFSwap (ETFS), deeming it risk-free and free of technical and cyber vulnerabilities. Therefore, users can invest freely in ETFs on the platform.
Part A of Stage 1 of the presale is almost over. After that comes Stage 2, where each token will sell for $0.01831, a 114% increase over Stage 1’s price. From there, there is no telling how high ETFSwap (ETFS) can go, considering its immense utility.
Invest now and secure your financial future when the bull market continues.
For more information about the ETFS Presale:
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