Altcoins
Crypto Billionaire Predicts ETH Rise, Highlights Top Altcoins
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The crypto billionaire predicts Ethereum will hit $4,500 before the launch of the Spot Ethereum ETFs, highlighting ETFSwap, Ondo Finance and Chainlink as key altcoins to take advantage of the rise.
Arthur Cheong, founder and CEO of Defiance Capital, recently predicted that the price of ETH would reach $4,500 even before the Spot Ethereum ETFs went live. With this in mind, ETFSwap (ETFS), Ondo Finance (ONDO), and Chainlink (LINK) have become three altcoins that crypto investors are turning to this significant rise in Ethereum (ETH) prices. These three altcoins stood out for how well they fit into the narrative.
ETFSwap at the top of altcoins ready to benefit from the rise of ETH
ETFSwap is one of the top altcoins that is expected to make a move when the ETH price hits $4,500 due to its close association with the Ethereum ecosystem and Spot Ethereum ETF news. ETFS is the native token of ETFSwap, an investment platform built on the Ethereum network.
ETFSwap tokenizes funds like Spot Ethereum ETFs and makes them available for on-chain trading. Given the convenience offered by the platform, it will become the go-to platform for investors to trade these traditional and crypto ETFs, such as Spot Ethereum ETFs. ETFS, being the native token of the platform, means that all incoming flows will pass through it, triggering high demand.
Users must hold a certain number of ETFS tokens to access and invest in tokenized funds on the investment platform. As an ERC-20 token, ETFSwap also stands out because it is deflationary. The ETFSwap team has already committed to sending a 1% purchase fee to a burn wallet. This is even more optimistic if we look at the tokenomics of ETFSwap. The crypto token has a total supply of 1 billion. This means that these token burns will significantly affect ETFSwap, especially considering the demand the crypto token is expected to enjoy.
ETFSwap’s tokenomics is one of the reasons why crypto investors have remained ultra bullish on the crypto token. These investors have accumulated over 100 million ETFSwap tokens in the first stage of its ongoing presale.
Ondo Finance and Chainlink attract attention
Other Ethereum-based altcoins currently attracting a lot of attention include Ondo Finance and Chainlink. This puts them in a great position to bounce back significantly when the price of ETH rises once Spot Ethereum ETFs begin trading. Interestingly, Ondo Finance and Chainlink recovered after the approval of Spot Ethereum ETFs.
For its part, Ondo Finance saw a 36% price increase over the past seven days and returned above $1, currently trading at around $1.24. On-chain analytics platform Sentiment noted that Ondo Finance’s rise was also due to the rapid growth of the network, with non-empty Ondo Finance wallets increasing by over 550% since February 26.
Meanwhile, Chainlink is one of the altcoins that is also flying high at the moment, having made a 6% price gain over the past seven days and could further progress higher as the price of ETH rises back to $4,500 due to the bullish trend surrounding Spot Ethereum ETFs. . Chainlink has become one of the most popular crypto projects in the Ethereum ecosystem thanks to the way it continues to integrate traditional on-chain institutions.
Currently trading at around $17.35, Chainlink is holding well above the $17 support level and simply needs a catalyst like the ETH price surge to push it near $20.
Conclusion
The dominance of ETFSwap, Ondo Finance and Chainlink in the Ethereum ecosystem highlights the success Real World Assets altcoins are currently enjoying in the crypto space, amid expectations surrounding Spot Ethereum ETFs.
Interestingly, this is just the beginning for these tokens, especially ETFSwap, which, being a new coin, has more than enough room to run higher. This is why buying ETFSwap at its current price of $0.00854 could be a good investment.
To learn more about the ETFS presale, visit the ETFSwap presaleAnd join the ETFSwap community.
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