The Bitcoin price is again bullish and is set to reach new highs following the recent rally above $70,000. Crypto analyst Ali Martinez provided insight into how the Bitcoin price could reach $72,000, a development that will ultimately pave the way for a rally to a new all-time high (ATH). Meanwhile, the new altcoin king ETFSwap (ETFS) will rally to $5.
How The Bitcoin Price Will Reach $72,000
Crypto analyst Ali Martinez predicted in an X post that the Bitcoin price could move to $72,000 as long as it holds above $65,000. The Bitcoin price has successfully held above $65,000, considering that it is now sitting comfortably above $70,000 following its rally on October 29. As such, a Bitcoin price rally to $72,000 is imminent and could happen anytime soon.
The analyst further predicted that the Bitcoin price could witness a pullback to $69,000 after it rises to $72,000. However, this price movement will be the perfect setup for a Bitcoin price rally beyond its current ATH of $73,000. The analyst predicted the Bitcoin price could rally to as high as $78,000.
The New Altcoin King ETFSwap (ETFS) Will Rally To $5
The new altcoin King ETFSwap (ETFS) is set to enjoy a gain of over 12,000% and rally from its current price of $0.03846 to $5. This will happen as the Bitcoin price reaches new highs in this bull run. An analyst explained that this parabolic price rally will happen because attention will shift to utility coins once the Bitcoin price surges to new highs.
The analyst remarked that ETFSwap’s (ETFS) utility will gain the most attention when this happens. ETFS is the native token of ETFSwap, a decentralized finance (DeFi) platform that will offer tokenized exchange-traded funds (ETFs) and crypto assets in one place. Investors will be able to invest in both asset classes using the ETFS altcoin.
Investors simply need to swap their ETFSwap (ETFS) token for their desired asset. The altcoin also bridges the traditional finance (TradFi) and DeFi worlds, as users can convert their tokenized ETFs to cryptocurrencies and vice versa using ETFs. Additionally, the altcoin will provide access to several other commodities on the DeFi platform, including gold and silver, among others.
Using ETFSwap (ETFS) to invest in these assets is much easier than using centralized trading platforms, which is why the altcoin will enjoy massive demand. The ETFSwap platform’s Know-Your-Customer (KYC) requirements are non-mandatory, so investors can start investing quickly.
Furthermore, since the platform is decentralized, investors can invest in these ETFs from anywhere in the world using the ETFSwap (ETFS) altcoin. They will also be able to trade these tokenized ETFs and crypto assets anonymously, as zero-knowledge (ZK) proof technology will be integrated into the DeFi platform.
The ETFSwap (ETFS) beta platform will go live on the Ethereum mainnet anytime now, which will allow investors to get a feel for the exciting offerings on the platform that they can access using the ETFS altcoin. The analyst is confident that the altcoin will also enjoy this massive demand because of the other money-making opportunities on the DeFi platform, which investors can access using ETFS.
For instance, the analyst noted that investors will be able to make passive income from the ETFSwap (ETFS) staking feature, which allows them to stake their tokenized ETFs and cryptocurrencies and earn up to 78% annual percentage yield (APY). They can also use the altcoin to provide liquidity and earn some of the fees from token swaps.
Conclusion
With the Bitcoin price about to reach a new ATH, there is no better time to buy the ETFSwap (ETFS) token while it still selling at such an affordable price in its ongoing presale. Moreover, ETFSwap’s (ETFS) presale will soon end, after which you won’t be able to buy the altcoin this cheap. Thereby missing out on the 120x returns which early investors will enjoy.
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