The cryptocurrency market saw a surge of activity last week, with several top altcoins experiencing significant price increases. Capitalizing on this momentum, a crypto pundit has revealed the top 4 altcoins to keep on your radar this week: Toncoin (TON), Cardano (ADA), Binance Coin (BNB), and ETFSwap (ETFS).
ETFSwap (ETFS) Enters Pundits’ Top Altcoins To Buy
Topping the Pundits’ list of altcoins is ETFSwap (ETFS), a blockchain platform that leverages smart contract functionalities and asset tokenization to bridge the gap between decentralized and centralized finance by tokenizing exchange-traded funds (ETFs). The tokenized ETFs will directly represent traditional ETFs on the blockchain and be accessible to traders on a comprehensive Web3 marketplace equipped with 24/7 liquidity.
The ETFswap (ETFS) marketplace will also feature real-time blockchain data, enabling traders to track the progress of the several asset classes available on ETFs before making investment decisions. Furthermore, users can gain up to 50x leverage on perpetual futures and options trading with the platform’s leverage structure.
Investors on the ETFswap (ETFS) platform can also be assured of the safety of their investment, as Cyberscope, a blockchain security firm, has thoroughly audited its smart contract. After the audit, they found no underlying conditions that could make the platform vulnerable to cyber-attacks.
At the core of the ETFSwap (ETFS) ecosystem is its native token, ETFS, which will grant users access to trading tokenized ETFs and all other features of its ecosystem. Holding this token will also enable them to gain voting rights to influence the decisions made regarding updates and all modifications on the network.
Toncoin (TON): Riding A Bullish Wave
Toncoin (TON) has also emerged as one of Pundit top 4 altcoins to keep in your radar this week due to the token’s strong performance last week. The Telegram-based token initiated its bullish run on June 2nd, with an 8.6% surge that propelled Toncoin (TON) past the $6.80 mark for the first time in three weeks.
Toncoin (TON) momentum continued, culminating in a new all-time high of $7.65 on June 5th, exceeding its previous ATH set in April. While Toncoin (TON) experienced a slight price correction in the following days, it closed the week positively, with a 1.52% gain over the past month, bringing its current price to $6.99.
Cardano (ADA): Faces Resistance But With Potential For Upswing
Cardano (ADA) faced a challenging week price-wise, struggling to break free from its consolidation range of around $0.40. A brief upswing occurred on June 7th as Bitcoin’s (BTC) price rose, allowing Cardano (ADA) to retest the important psychological threshold of $0.49.
However, this momentum was short-lived, as profit-taking pushed Cardano (ADA) down, resulting in a 3% weekly loss. Although Cardano (ADA) price is not encouraging right now, a renewed buying influx from both individual and institutional investors could trigger a price recovery and potentially lead to a surge. Capitalizing on this trend, Pundit has revealed that investors should keep Cardano (ADA) on their radar.
Binance Coin (BNB): Reaches All-Time High Despite Regulatory Hurdles
Binance Coin (BNB) has reached an all-time high of $700, surpassing its previous record. This surge in the Binance Coin (BNB) price comes despite regulatory pressures faced by Binance over the past two years, including bans in several countries and a $4.6 billion legal settlement with US authorities.
The recent price jump of 21% from June 1 to 5, reaching $715 before dropping to $697, has contributed to Binance Coin (BNB) market capitalization exceeding $100 billion, ranking it fourth behind Bitcoin, Ethereum, and USDT. With the recent surge in the Binance Coin (BNB) price, it is no wonder the token is among the altcoins Pundit revealed investors keep on your radar this week.
Conclusion: Pundits’ Top 4 Altcoins To Keep On Your Radar This Week
ETFSwap (ETFS) positions itself as a high-growth altcoin compared to Toncoin (TON), Cardano (ADA) and Binance Coin (BNB). This claim is based on the current price of its native token, ETFS, at $0.01831. As the platform progresses through its stages, the price is expected to increase by 200%, with the next stage offering a higher price of $0.03846. With experts expecting the price to cross $4, it presents an opportunity to make over 100x return on investment.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Read Also: Low-Cap Altcoins Signal the Dawn of a New Bull Market: LBank Co-Founder Weighs In
