Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Saturday, May 31
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » Crypto Investors Turn Greedy: Avalanche (AVAX), ETFSwap (ETFS), And Polkadot (DOT) Lead Gains In May, Will The Bull Trend Continue?
Industry Viewpoint

Crypto Investors Turn Greedy: Avalanche (AVAX), ETFSwap (ETFS), And Polkadot (DOT) Lead Gains In May, Will The Bull Trend Continue?

This surge in the crypto project’s popularity underscores a shift in investor’s sentiment towards greed, indicating a heightened interest in cryptocurrencies with high-profit potential.
Rakhi ShahBy Rakhi ShahMay 16, 2024No Comments4 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
Crypto Investors Turn Greedy Avalanche (AVAX), ETFSwap (ETFS), And Polkadot (DOT) Lead Gains In May, Will The Bull Trend Continue
Crypto Investors Turn Greedy Avalanche (AVAX), ETFSwap (ETFS), And Polkadot (DOT) Lead Gains In May, Will The Bull Trend Continue
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

As the crypto bull market approaches, cryptocurrencies like Avalanche (AVAX) and Polkadot (DOT), as well as crypto projects like ETFSwap (ETFS) are set to become the lead gainers in the market. ETFSwap (ETFS), in particular, has seen a significant increase in demand from institutional and retail investors.

Just this May, Avalanche (AVAX) and Polkadot (DOT) have posted slight gains over the past week. On the other hand, ETFSwap sold millions of its native token ETFS. This surge in the crypto project’s popularity underscores a shift in investor’s sentiment towards greed, indicating a heightened interest in cryptocurrencies with high-profit potential.

Analyst Forecast Potential Upswing For Avalanche (AVAX)

A crypto analyst identified as “World Of Charts” on X (formerly Twitter) has unveiled a bullish technical indicator for Avalanche (AVAX).

Sharing a price chart of Avalanche (AVAX) from the beginning of 2024 to the present date, the analyst disclosed that the cryptocurrency was presently exhibiting a falling wedge pattern. This chart pattern is formed by two descending trend lines, characterized by a series of lower highs and higher lows.

Traditionally, in technical analysis, a falling wedge pattern is considered a bullish reversal signal. According to the crypto analyst, Avalanche (AVAX) could see a potential upswing if it can break above the upper trend line in the falling wedge pattern. The analyst predicts that after the breakout, Avalanche (AVAX) could witness more price rallies, signaling the possibility of a bull formation.

Despite the analyst’s optimistic projection, Avalanche (AVAX) is still trading below expectations, declining by a significant 30.40% over the past month and another 2.85% in the last 24 hours. At the time of writing, cryptocurrency’s price stands at $34.37%, according to CoinMarketCap.

Polkadot (DOT) Makes New Records In Q1 Of 2024

Messari, a leading market intelligence and crypto research platform, has published a report on Polkadot’s (DOT) performance in the first quarter of 2024. The report revealed that Polkadot’s (DOT) ecosystem’s daily active addresses have surged to an all-time high of 514,000, recording a whopping 48% increase Quarter on Quarter (QoQ) and a 192% rise over the past six months.

Shedding light on Polkadot (DOT)‘s recent developments, Messari revealed that as of December 2023, the cryptocurrency had amassed almost 2,100 developers on average, of which 792 were working as full-time developers.

Additionally, Polkadot (DOT) has executed a significant amount of parachain auctions in Q1 2024, with the auctions resulting in one million Polkadot (DOT) tokens being bonded and recording the highest amount since the second Quarter of 2022.

Overall, the Polkadot’s (DOT) ecosystem has been steadily expanding and improving. In terms of price fundamentals, the cryptocurrency has been experiencing steep declines, marking a 22.25% decrease over the past month, according to CoinMarketCap. Presently, Polkadot (DOT) is trading at $7.01, reflecting a slight price increase of 3.31% in the last seven days.

ETFSwap (ETFS) Investors Gather Millions Of Tokens In Preparation For Bull Run

As anticipation builds for a potential bull run during the current market cycle, investors are increasingly accumulating significant amounts of ETFS tokens, aiming to capitalize on the cryptocurrency’s robust profit potential. Currently, investors have acquired a staggering 60 million ETFS tokens, underscoring their growing confidence in ETFSwap’s prospects.

ETFSwap (ETFS), which is a decentralized cryptocurrency and tokenized ETF platform, allows users to buy and trade Exchange Traded Funds (ETFs) by swapping cryptocurrencies or investing in its ERC-20 token, ETFS. Recent data has indicated a major uptick in ETFSwap’s popularity amongst leading investors in the crypto space.

The platform’s innovative trading capabilities and advanced security features offer one of the safest and most reliable environments for users to execute trades anonymously. Furthermore, ETFSwap’s smart contracts have been audited by CyberScope, a leading blockchain audit and cybersecurity firm. The audit’s findings showed no vulnerabilities in ETFSwap’s security or underlying infrastructure.

Investor’s growing optimism in the crypto project has surged, driving participation in its ongoing presale. Currently, traders are acquiring ETFS tokens at a discounted price during the first stage of its presale. However, the token is expected to surge to $0.01831 in the second presale stage, making now the most opportune time to invest in this trailblazing crypto project.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Read Also: Bitcoin Pizza Day: Celebrating a Slice of History from Digital Experiment to Financial Revolution

Avalanche Crypto ETF ETFSwap Polkadot (DOT)
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
Rakhi Shah
  • Website

R Shah is a journalist and writer based out of Delhi, India. She is an Economics graduate from Delhi University. She can be reached at R.Shah@alexablockchain.com.

More AlexaBlockchain

Top 5 Sharding Blockchain Networks Transforming Scalability in 2025

April 30, 2025

5 Best Crypto Futures Trading Platforms for Pro Investors

April 2, 2025

How AI in Fintech is Empowering Us to Learn More About Our Customers Than Ever Before

February 20, 2025

Most Anticipated Blockchain Mainnet Launches of 2025

February 16, 2025

Tokenization in Gaming: How Blockchain Creates Value

February 12, 2025

Cardano (ADA) Surges 16% After Grayscale’s Spot ETF Filing – What’s Next?

February 11, 2025
Add A Comment

Comments are closed.

Don't Miss

QFSCOIN Launches Affordable Cloud Mining Contracts to Democratize Bitcoin Access

Liquidium Launches Cross-Chain Bitcoin Lending Without Wrapped Tokens or Bridges

Katana Launches High-Yield DeFi Blockchain Backed by GSR and Polygon Labs

Sony’s Soneium Brings Viral Telegram Game Sleepagotchi to 200M Users via LINE

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.