Why Are Ether Whales Betting Big On This $0.03846 Token Reaching $1 Before Dogecoin And Cardano?

The race for which coin can reach $1 first between Dogecoin (DOGE), Cardano (ADA), and ETFSwap (ETFS) is currently on. Interestingly, despite ETFS being valued lower than Dogecoin and Cardano, Ethereum whales are betting big on the $0.03846 token, reaching this price target before Dogecoin and Cardano.

Why Ethereum Whales Are Betting Big On ETFSwap (ETFS)

Ethereum whales are betting on ETFSwap (ETFS) to reach $1 before Dogecoin and Cardano because they are bullish on the ETFSwap ecosystem. ETFSwap makes exchange-traded fund (ETF) trading more accessible by tokenizing these funds and enabling them for on-chain trading. 

Traders will now be able to trade these ETFs on-chain alongside cryptocurrencies. This offering is set to gain a lot of attention from those looking for an opportunity to diversify their portfolio in one place easily. The platform provides them easy exposure to traditional and crypto assets alongside commodities like gold, silver, and rubber.

All traders can access these assets with the ETFSwap (ETFS) token. The platform has no Know-Your-Customer (KYC) requirements, so traders do not have to worry about overwhelming customer verification processes.

These traders will also be able to trade anonymously as the platform will integrate zero-knowledge (ZK) proof technology, meaning that users do not have to reveal their identity or sensitive information.

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Furthermore, traders can trade these ETFs at any time using the ETFSwap (ETFS) token. The DeFi platform offers 24/7 market coverage, meaning traders can buy, sell, and trade these ETFs anytime. This will give ETFSwap users an edge over traditional traders since they can benefit from the market gains recorded after traditional trading hours.

ETFSwap’s decentralized nature means that traders can access traditional markets from anywhere in the world without the limitations of tradfi systems. Thanks to ETFSwap’s market-making services, users on the platform will also enjoy ample liquidity in their trades. 

It is worth mentioning that the trading platform is built on the Ethereum network, so users will also enjoy the network’s unparalleled liquidity. ETFSwap and its ETFS token also stand out because users can stake their ETFs and earn massive yields on their staked assets. The staking feature also allows users to stake the ETFS token and earn up to 78% annual percentage yield (APY).

Considering the exciting innovations in the ETFSwap (ETFS) ecosystem, it is no surprise that Ethereum whales are this bullish on the ETFS token. They have also cited the ETFSwap team as another reason they are bullish on the project and its native token. The team, certified by SolidProof, has committed to the token’s long-term success by vesting their allocation for five years. 

Meanwhile, the team has already announced that phase 1 of the ETFSwap (ETFS) beta platform will soon go live as they are already finalizing the thorough testing of the platform’s user interface (UI). 

Dogecoin And Cardano Have Lost Their Appeal

Ethereum whales say that ETFSwap (ETFS) will easily breeze past Dogecoin (DOGE) and Cardano (ADA) and reach $1 before these coins because Dogecoin and Cardano have lost their appeal. In Dogecoin’s case, These Ethereum whales noted that traders now prefer newer meme coins, which is why most new traders are betting on coins like Popcat (POPCAT) rather than Dogecoin. 

Meanwhile, Ethereum whales stated that Cardano no longer has a unique value proposition, as newer layer-1 networks like Sui offer similar or even better technology than the Cardano network. This has ultimately led to Cardano’s (ADA) stagnant price action, with the coin currently one of the worst-performing crypto assets this year. 

Conclusion

Ethereum whales are actively accumulating the ETFSwap (ETFS) token, as they are confident it will reach $1 before Dogecoin and Cardano from its current price of $0.03846.

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