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:
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