Bitcoin (BTC) Falls 30% From ATH, Cardano (ADA) Fails At Resistance, ETFSwap (ETFS) Jumps 2,000%

Bitcoin (BTC) and Cardano (ADA) prices have fallen short of expectations, contributing to the broader downturn in the crypto market since the halving event on April 20. On the other hand, several robust crypto projects have been achieving noteworthy milestones. ETFSwap (ETFS), an innovative crypto trading platform, is experiencing a remarkable surge in demand from investors worldwide. Its native token, ETFS, is gaining momentum, with the potential to soar by as much as 2,000% during this market cycle.

Bitcoin (BTC) To Crash 30%

A crypto analyst identified as “Cold Blooded Shiller” has made a rather pessimistic prediction for Bitcoin (BTC), the world’s largest cryptocurrency. According to the analyst, Bitcoin (BTC) has historically tended to decline by 30%. As a result, he suggests that the cryptocurrency could witness a 30% pullback during the current market cycle.

Cold Blooded Shiller forecasts that a 30% crash in Bitcoin (BTC) could drive its price down to $51,000. At the time of writing, Bitcoin’s (BTC) price is trading at $60,874, marking a 13.51% decrease over the past month.

These pessimistic sentiments and consistent price drops in Bitcoin (BTC) can be attributed to the waning impact of Spot Bitcoin ETF demand in the market. Earlier in May, approximately 10 Spot Bitcoin ETFs had recorded staggering outflows worth millions of dollars. This mass exodus and the prevailing market conditions have taken a major toll on the price of Bitcoin (BTC).

Cardano (ADA) Set To Plummet Below $0.45

In a YouTube video, a crypto analyst identified as ‘More Crypto Online,’ has predicted further declines in the price of Cardano (ADA). The analyst highlighted key support levels indicating that Cardano (ADA) could potentially fall below the $0.45 price mark.

Basing his analysis on the Elliot wave theory, the crypto analyst disclosed that Cardano (ADA) had completed three waves out of a total of five. According to the analyst, Cardano (ADA) is on the verge of entering the fourth wave, which is expected to be bearish. In the scenario where the cryptocurrency completes the fourth wave, it could potentially experience a decline to as low as $0.42.

Presently, the price of Cardano (ADA) is trading at $0.44. Despite repeated attempts, the cryptocurrency has failed to overcome resistance levels and achieve a significant price rally. Moreover, Cardano (ADA) has been recording declines in both its price value and its trading volume recently. Over the last month, the cryptocurrency has plummeted by a staggering 23.87% and 2.98% in the last 24 hours.

Investors Poised For Maximum Returns As ETFSwap (ETFS) Set To Leap 2,000%,

As Bitcoin (BTC) declines and Cardano (ADA) lags, ETFSwap (ETFS) is witnessing a notable influx of capital from numerous investors who are supporting the innovative crypto project.

Although the halving event appeared to have an opposite bullish effect on Bitcoin’s price, it has proven more favorable for ETFSwap.

ETFSwap (ETFS) enables users to trade tokenized versions of institutional ETFs, offering them unique trading tools and advantages to hopefully amplify their profits. Traders can receive up to a 10x leverage on all trades, as well as up to 10x leverage across all ETFs listed on the innovative platform.

Aiming to create a seamless and secure trading environment for users, ETFSwap (ETFS) has terminated KYC requirements on its platform. Additionally, its smart contracts have been audited by a prominent cybersecurity firm, CyberScope. The audit’s results were flawless, highlighting ETFSwap’s (ETFS) top-notch security features and underlying infrastructure.

Holders of ETFS, the native token of ETFSwap, will be granted governance rights, allowing them to directly influence the future trajectory of the project.

Investors who have the foresight to invest in the ETFS token early are set to witness maximum returns when the crypto project potentially rises by 2,000% this year. Presently, investors have the opportunity to purchase ETFS tokens during the first stage of its ongoing presale, at $0.00854.

As the second presale phase approaches, the price of each token is poised to rise to $0.01831, making now the perfect opportunity to invest in ETFSwap.

For more information about the ETFS Presale:

The post Bitcoin (BTC) Falls 30% From ATH, Cardano (ADA) Fails At Resistance, ETFSwap (ETFS) Jumps 2,000% appeared first on Blockonomi.

Related posts

Doggy AI Presale Reaches Over $101,000 Shortly After Launch

London, United Kingdom, June 12th, 2024, Chainwire Doggy AI (DOGYAI)has swiftly accumulated over…
Read more

Azuro Steps Into AI Using Olas to Predict Sports Event Results

Lisbon, Portugal, June 12th, 2024, Chainwire Azuro, the leading liquidity layer for onchain…
Read more

BlockDAG’s $48.8M Presale Victory Aims for $30 Target; Doubts Over TON’s Decline as ATOM Is Expected to Climb

Reaching a record high, Toncoin raises questions among investors about possible future declines. In…
Read more
Become a Trendsetter

Sign up for TheTechly’s Daily Digest and get the latest and trending technology updates.

[mc4wp_form id="729"]