DeFi
Dogecoin and Ethereum Stall as Bitcoin Prepares to Retest Major Resistance
SPONSORED ARTICLE*
The global cryptocurrency market cap is relatively stable at $2.4 trillion, despite a significant 244% decline in net exchange flows. As Bitcoin (BTC) prepares to retest major resistance, Dogecoin (DOGE) and Ethereum (ETH) prices are stagnating. Against this backdrop, investors are turning to ETFSwap (ETFS) as a potential alternative, offering the possibility of a profit of up to 40,000%.
Dogecoin (DOGE) and Ethereum (ETH) struggle to maintain momentum
Dogecoin (DOGE) price has seen a significant decline, dropping 11% over the past week. According to top analysts, DOGE price is trading at a critical support level around $0.09. Dogecoin The Relative Strength Index (RSI) and Chaikin Money Flow (CMF) are showing some positive elements, but the overall market sentiment remains cautious.
This recent decline has raised questions about the stability and longevity of Dogecoin (DOGE) as a leading meme coin. Meanwhile, Ethereum’s daily chart reveals that after an extended downtrend, the cryptocurrency briefly fell below the 200-day moving average at $3,081. However, Ethereum (ETH) found strong support at the substantial $3,000 support zone, leading to a notable bullish rebound.
Ethereum (ETH) Price Ethereum (ETH) has broken above the 200-day moving average and continued to climb towards the 100-day moving average, indicating a potential bearish trap and false breakout. Ethereum (ETH) has reached the 100-day moving average at $3,142 and is on the verge of reclaiming it. Analysts are predicting a bullish recovery in the medium term, with the next target being the yearly high at $4,000.
ETFSwap (ETFS): DeFi Wonder Gains Ground in Stagnant Crypto Market
With the market as a whole being relatively stable, the ETFSwap (ETFS) The platform is generating interest in Bitcoin (BTC), Dogecoin (DOGE), and even Ethereum with its innovative solution for ETF trading and exceptional pre-sale performance. Just a few weeks after the start of its pre-sale, the platform has sold more than 380 million tokens, accumulated over the course of $3 million in revenueand has gained over 15,000 active users.
ETFSwap (ETFS) aims to become a key player in the next-generation ETF market by providing permissionless access to all major institutionally listed ETF assets, pushing the boundaries of Web3. The platform, built on the ERC20 standard, is meticulously designed to be user-friendly. It facilitates seamless conversion between ETFs and cryptocurrencies, providing a seamless interface for investors. ETFSwap (ETFS) ensures that smart crypto investors hold tokens backed by partnerships with regulated and MiCa-compliant investment banks,
The growing adoption of leveraged ETFs and commodity ETFs has contributed to the growth of ETFSwap (ETFS). Its cryptocurrencyETFS, offers access to a wide range of highly liquid real assets, including gold, oil, coal, and silver, providing a hedge against inflation. Additionally, the platform’s leveraged offerings include financial derivatives, which have made ETFSwap (ETFS) a top choice among Bitcoin (BTC), Ethereum, and Dogecoin (DOGE) holders.
In less than 30 days, ETFSwap (ETFS) will launch its beta platform, featuring an AI-powered ETF screening and tracking tool. These tools provide investors with accurate and comprehensive data analysis, enabling them to make informed and timely trading decisions. Additionally, ETFSwap (ETFS) recently passed KYC verification by Strong and durablea reputable smart contract security audit company, further enhancing the credibility and security of the platform.
Bitcoin (BTC): Analyst Predicts Potential Price Retest
Bitcoin ETF inflows have been robust, with $422 million entering on July 16, the highest level in over a month. Additionally, Bitcoin (BTC) whale wallets have accumulated 1.45 million Bitcoin (BTC) tokens in 2024, bringing the total to 1.8 million Bitcoin (BTC) tokens. Due to these developments, market sentiment is mixed, with analysts predicting potential outcomes for Bitcoin (BTC).
Altcoin Sherpa, for example, broad outlines Three possible scenarios for Bitcoin (BTC): a drop to $63,000 or $60,000 followed by a rebound, a longer decline to $60,000, or a breakout to $70,000. Rekt Capital, on the other hand, emphasizes support and retest levels, predicting a potential return of Bitcoin (BTC) to the $65,000 to $71,500 range.
Conclusion
ETFSwap (ETFS) has emerged as a potential alternative to the decline of Bitcoin, Dogecoin and Ethereum, promising up to 40,000% profit. Take advantage of what analysts have dubbed the most profitable investment of the century. Buy ETFS token at the affordable price of $0.01831or even cheaper with the discount code “ETFS20”, before the token price increases.
For more information on the ETFS pre-sale:
*This article was written by a professional. Cryptonomist did not write the article or test the platform.