Amidst the turbulence of the crypto market, two crypto tokens, ETFswap (ETFS) and Near protocol (NEAR), have shown a lot of resilience by keeping their heads out of the water and making their investors happy. ETFswap (ETFS) has also attracted the attention of several investors, including those of Chainlink (LINK), through its successful private sale and massive presale event.
Near Protocol (NEAR) On The Verge Of Rally
Near Protocol (NEAR) is a developer-friendly platform that challenges the Ethereum (ETH) network as a competitor in housing decentralized applications (dApps). Over the past year, its native token NEAR has broken past two critical resistances, the first being when it surged past the $2.70 and and the second being the $3.40 roadblock in December 2023.
When it retested the $2.70 resistance level in January, it signaled an upward direction toward the $6.08 resistance. Now, price experts are optimistic that if history repeats itself, NEAR next stop would be the $10.24 mark, with its current price level increasing by 50% the way it did in December 2023.
Furthermore, if the bulls could surpass the $10.24 resistance, its next stop would be the $15 mark. Near Protocol (NEAR), at the time of writing, trades at $5.69 and ranks 20th in the crypto market according to data from asset tracking platform Coinmarketcap.
Chainlink (LINK) Could Drop By 25% Scaring Investors
Chainlink (LINK) is a blockchain oracle system that enables blockchains to interact with the outside world and source accurate real live data. Its native token, LINK, is an ERC-677 token used to reward the node operators who secure the chainlink (LINK) network. In early April, price experts speculated that LINK could drop by 25% to $13.08 if the bulls show weakness and give the bears a chance to take charge.
As of then, Chainlink (LINK) struggled to hold on to the $16.86. However, if the LINK price could increase to $20.70, that would reverse the bearish thesis. LINK currently trades at $14.30 and ranks 18th in the crypto market, according to data from Coingecko. This means LINK is still in danger of further dropping in price since it is just slightly above $13.08; therefore, this uncertainty has made Chainlink (LINK) investors shift to safer investments like ETFswap (ETFS).
ETFswap (ETFS) Grabs The Attention Of Crypto Investors With Private Sale Success
ETFSwap (ETFS) is a blockchain platform that aims to use the tokenization of assets to bridge decentralized finance with traditional finance by creating a tokenized version of exchange-traded funds (ETFS). ETFs, the current darling of the blockchain industry, recorded another landmark win on April 15, 2024, when Hong Kong regulators approved spot Bitcoin and Ethereum ETFs.
This showed that ETFs have secured a long-lasting place in the crypto industry, and by creating tokenized versions of these assets, ETFswap (ETFS) is making it accessible to all crypto investors. However, all interested in trading the tokenized ETFs will need to hold ETFS, the platform’s native token. ETFS will serve the purpose of utility, unlocking the benefits of trading tokenized ETFs to all who have them.
Also, holders will have the opportunity to have a say in making decisions on the platform through voting. To open the platform to large investors, ETFswap (ETFS) held a private sale of its token, where it raised $750,000 from the investment of two institutional investors and three angel investors to help develop the ecosystem.
The success of the private sale kick-started the public sale, where it is offering the token to all investors at $0.00854 per coin in its stage 1 presale event. Stage 2 will start at a higher price of $0.01831, cementing profit for all stage 1 participants. Currently, over 22 million tokens have been sold, with more to go as savvy investors are moving in to buy this token with untapped potential.
They stand in line to benefit from the 10,000% surge in price speculated by experts, which will mean 100x yield on investments. So what are you waiting for? Join the savvy investors and buy the ETFS presale today to increase your chances of making a 100x yield on profit.
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