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Crypto experts believe that altcoin season is just around the corner, considering the growing momentum around cryptocurrencies, especially with crypto ETFs. Key market indicators show that an altcoin season could kickstart anytime soon, and experts have discovered the best pick to lead the rally.
ETFSwap (ETFS), a new ETF trading platform, is currently on presale and showing early signs of success. With an altcoin season in view, the progression of this new presale token teases massive gains ahead for investors who get in early enough.
Report Shows Promising Altcoin Season
Crypto prices have dropped by 30% to 70%, but rather than writing off the possibility of a rally, crypto experts believe these cryptocurrencies may be available at a discounted price. A crypto news agency reported that only six of the top 50 altcoins have outperformed Bitcoin (BTC) in the past 90 days. Knowing this, a rally is bound to come at some point, and investors are positioning themselves for the opportunity.
Altcoin season is casually referred to as a period of consistent uptick in non-Bitcoin (BTC) cryptocurrency prices. The report shows that a significant indicator of an altcoin season is TOTAL2, the total market cap of the crypto market excluding Bitcoin (BTC). An increase in this indicator shows reducing Bitcoin dominance and room for altcoins to rally.
As of this writing, the total altcoin market cap is $945 Billion. The previous rally noticed on altcoins was when TOTAL2 rose from $758 Billion to $1.24 Trillion between February and March. TOTAL2 was in a downtrend last month but found a crucial support level for an upward trend, according to crypto expert van de Poppe.
Experts also report declining Bitcoin dominance (BTC.D), a historically relevant trend in determining an altcoin season. In 2021, BTC.D fell from 62.69% in March to 40.89% in May of the same year, allowing room for several assets to reach new all-time highs.
More so, the recent hype around altcoins ETFs like Ethereum (ETH) and Solana (SOL) has brought significant traction, and investors would look to capitalize on that.
ETFS Set to Lead the Altcoin Season
(ETFS) has emerged as the favorite pick to lead the altcoin season as the presale shows sustained high demand. The new ETF trading platform taps into the bullish narratives on crypto ETFs and real-world assets and has caught the attention of several investors as a result. Moreover, the ETFS presale presents the perfect market opportunity for investors to grab the token below market value.
ETFS is capitalizing on the growing popularity of ETFs and offering decentralized access to the global ETF market via the tokenized versions of the asset. It provides crypto investors with a refreshing alternative asset type for profit. More so, the tokenized ETFs are crypto compatible, enabling unique benefits like lending and yields from staking.
The new ETF trading platform allows portfolio diversification to ETFs from healthcare, engineering, energy, commodities, and other industries. Users trading on the platform will have access to fast settlements, seamless conversions between ETFs and crypto, lower trading costs, and more.
ETFS is ready for its beta launch in a few weeks, and early adopters will test the platform ahead of the main launch. Following a complete smart contract audit from CyberScope, which certified ETFSwap (ETFS), the team members have completed individual KYC.
The team passed KYC verification with SolidProof on July 10th. As such, project ownership and team identity have been verified, and the smart contract has been launched on mainnet. With the early window closing down fast, investors are securing the last spots on presale.
Conclusion
Key metrics show a potential altcoin season in the crypto market, and it makes sense that investors have been doubling down on ETFSwap (ETFS) presale ahead of the rally. ETFSwap (ETFS) is selling out fast at $0.01831, which is the lowest possible price for the token.
Get in now before the price surges to $0.03846 in the next presale stage!
For more information about the ETFS Presale:
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