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Ethereum Predicted To Surge 50% Against Bitcoin In 2024, Solana And BNB Fail To Rally

The post Ethereum Predicted To Surge 50% Against Bitcoin In 2024, Solana And BNB Fail To Rally appeared first on Coinpedia Fintech News

Crypto analyst Wolf recently suggested that Ethereum (ETH) could record a 50% price increase against its Bitcoin (BTC) pair. In the meantime, Solana (SOL) and Binance Coin (BNB) have failed to rally despite some other altcoins enjoying a price rebound. Meanwhile, ETFSwap (ETFS) is poised for a 100x price gain as the crypto project continues to gain ground in the crypto space.

Why ETFSwap (ETFS) Could Enjoy A 100x Price Gain

ETFSwap (ETFS) is expected to enjoy up to a 100x price gain as the demand for the crypto token continues to grow, thanks to the barrage of exchange-traded funds (ETFs) that are set to launch on the platform. ETFS is the native token of ETFSwap, a decentralized investment platform that tokenizes ETFs and makes them available for on-chain trading. 

In addition to these crypto ETFs, ETFSwap (ETFS) will enjoy increased demand thanks to its offerings and exciting features. The investment platform offers various commodities, including gold, silver, crude oil, and precious metals, among others, alongside the tokenized ETFs on the platform. 

ETFSwap (ETFS) is revolutionizing global finance and integrating traditional finance (TradFi) and decentralized finance (DeFi). The trading platform allows users to invest in and trade crypto assets. These users can easily swap their ETFS holdings for other crypto tokens in DeFi mode without needing a third party. 

ETFSwap (ETFS) is also improving traders’ trading experience by providing them with advanced artificial intelligence (AI) powered trading tools, known as ETF Screener and ETF Tracker. These tools are built with 100% AI algorithms and make the best investment recommendations based on big data they analyze in record time. These data include historical data, market trends, sentiments, and pattern recognition, among others, providing users with recommendations suited to their investment goals. 

ETFSwap (ETFS) is undoubtedly a more profitable way for investors to make the most of their ETF transactions. The trading platform offers leveraged and perpetual trading services, allowing investors to amplify their exposure to these traditional assets. Those who use the perpetual futures for their ETF traders can hold their positions for as long as they like, creating an opportunity to make maximum gains from their trades. 

ETFSwap’s (ETFS) beta platform is expected to launch in 30 days, meaning there is no better time to purchase the platform’s native token. Users will need the crypto token to access the platform’s offerings, and buying it now will be a steal since it is still selling at a discounted price of $0.01831 in its ongoing presale. 

A Market Update On Ethereum (ETH), Solana (SOL) And Binance Coin (BNB)

Crypto analyst Wolf recently highlighted an inverse-head-and-shoulders (IH&S) pattern that had formed on Ethereum’s (ETH) chart against its Bitcoin (BTC) pair. Based on the chart the analyst shared, he predicts that Ethereum (ETH) could make a 50% move against Bitcoin (BTC) and rise to as high as 0.084 BTC by the end of the year.

This isn’t the first time Ethereum (ETH) has formed this bullish pattern on the ETH/Bitcoin chart. As Wolf highlighted, a similar pattern formed between 2019 and 2021, after which Ethereum (ETH) enjoyed a massive breakout from the neckline, leading to a price surge of 140% against Bitcoin (BTC). As such, Ethereum (ETH) making a 50% move against Bitcoin (BTC) looks feasible.

While Ethereum (ETH) boasts a positive outlook, Solana (SOL) and Binance Coin (BNB) are currently failing to inspire. Given this, Solana (SOL) and Binance Coin (BNB) are at risk of further price declines. Data from CoinMarketCap shows that Solana (SOL) and Binance Coin (BNB) have been down over 5% and 3%, respectively, in the last 24 hours. Both Solana (SOL) and Binance Coin (BNB) have failed to put on a significant rally, leading to bearish sentiment among investors.

Conclusion On Why It Is Time To Position For ETFSwap (ETFS)

With so many bullish developments on the horizon for ETFSwap (ETFS), including the launch of its beta platform, it is a much better option compared to Bitcoin (BTC), Solana (SOL), and Binance Coin (BNB). Moreover, this is the lowest ETFSwap (ETFS) will ever be, as it is on the verge of that parabolic breakout. 

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