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Crypto Billionaire Arthur Hayes Shares Prediction for Bitcoin and an Ethereum Token
Arthur Hayes, co-founder and former CEO of cryptocurrency exchange BitMex, recently shared his price prediction for Bitcoin (BTC). Meanwhile, he also talked about altcoins, which he intends to buy while Bitcoin (BTC) recovers from its recent decline. Interestingly, the ERC-20 token ETFSwap (ETFS) appeared to be among the tokens he suggested buying.
Arthus Hayes says Bitcoin (BTC) won’t see new ATH until after August
Hayes suggested in a blog post that Bitcoin (BTC) will not surpass its current all-time high (ATH) of $73,750 until after August. This is based on his prediction that the leading cryptocurrency will continue to trade in the $60,000 to $70,000 price range until then. The BitMex co-founder also stated that the bottom was in, meaning the crypto token will likely fall below the crucial $60,000 support level again until it reaches a new ATH.
In the past, Hayes has provided valuable insights into the crypto market, which is why his prediction cannot be ignored. Hayes correctly insinuated that Dogwifehat (WIF) it would turn Bonk (BONK) long before it happened. At that time, he mentioned that the latter was the “dog money of the last cycle,” suggesting that Dogwifhat (WIF) would lead the meme cycle in this bull run.
This is already happening as Dogwifhat (WIF) has outperformed major meme coins, Dogecoin (DOGE) It is Shiba Inu (SHIB)with a YTD (YTD) gain of over 2,100%.
Meanwhile, Hayes mentioned that he “certainly won’t be babysitting Bitcoin” in anticipation of the price gain that could occur by August. Instead, he will focus on using this month to invest in Solana and “dog coins.” The Ethereum-based ETFSwap token also entered the picture, as Hayes revealed that it would identify undervalued tokens and allocate some funds to them.
ETFSwap (ETFS) Still Undervalued in Crypto Presale
ETFSwap (ETFS) presale phase 1 is underway, with the crypto token selling for an affordable price of $0.00854. This price is expected to double from Phase 2 of the token’s pre-sale, showing that it is still undoubtedly undervalued, considering the levels it is projected to reach. Prominent names in the crypto industry such as Hayes predict that the value could rise to as high as $20 in the long term.
A rise to this level represents a price gain greater than 109077%, meaning investors who purchase the token at this stage can earn over 1,000x returns on their investment. Some investors have already recognized how much they stand to gain, seeing how over 50 million ETFS tokens have already been sold in Phase 1 alone.
With big names like Hayes already hinting that they would invest in ETFSwap (ETFS), the crypto token could see a wave of whale transactions, which would cause its value to skyrocket more than projected.
Meanwhile, a huge amount of liquidity is expected to flow into the crypto token thanks to ETFS being the native token of ETFSwap, a decentralized finance (DeFi) platform that tokenizes exchange-traded funds (ETFs).
Asset tokenization is predicted to become a trillion-dollar market soon, which means millions of dollars will flow into the ETFSwap (ETFS) ecosystem as one of the top real-world asset (RWA) crypto projects. Interestingly, ETFSwap (ETFS) already looks poised to become the top RWA-linked crypto token, considering it recently surpassed market leaders like Ondo Finance (ONDO).
Meanwhile, it is worth noting that anyone looking to invest in the variety of tokenized ETFs on the ETFS Exchange the platform must contain a certain amount of ETFS tokens. This is another reason why the crypto token is recording an impressive amount of buying pressure.
Since the token presale began, more than 50 million ETFSwap (ETFS) tokens have been sold, and this number will likely double as stage 2 progresses. Interestingly, this pre-sale phase is expected to sell out faster than the projected timeline due to the enthusiasm that ETFSwap (ETFS) has gained since its launch. This means you must act fast if you don’t want to miss out on massive gains.
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