Can Toncoin (TON) And Bitcoin Cash (BCH) Rise Against Bearish Trends As ETFSwap (ETFS) Pushes Into The Crypto Top 20?
Toncoin (TON) and Bitcoin Cash (BCH) have been recording stifling declines as both cryptocurrencies recently fell by more than 2%, with Bitcoin Cash (BCH) experiencing the most persisting volatility over the past month. Amidst this prevailing bearish trend, ETFSwap (ETFS) is showcasing impressive momentum and is on track to break into the elite crypto top [...]
Toncoin (TON) and Bitcoin Cash (BCH) have been recording stifling declines as both cryptocurrencies recently fell by more than 2%, with Bitcoin Cash (BCH) experiencing the most persisting volatility over the past month. Amidst this prevailing bearish trend, ETFSwap (ETFS) is showcasing impressive momentum and is on track to break into the elite crypto top 20 ranks.
Toncoin (TON) TVL Soars As Price Plummets
Earlier in April, DeFilama’s data revealed that Toncoin’s Total Value Locked (TVL) had surged significantly, recording around a 300% increase and a volume of more than $148 million. While this comes as a positive sign for the Toncoin (TON) market, bearish trends are impacting the price of the cryptocurrency.
As of writing, Toncoin (TON) is trading at $6.87, marking a 2.18% decrease over the past 24 hours. CoinMarketCap also reports that the cryptocurrency has been displaying a series of red candles on its price chart.
Moreover, Toncoin (TON) witnessed a massive drop in its daily trading volume. The cryptocurrency’s 24-hour trading volume has plummeted by an astonishing 41.81%, possibly underscoring the diminished interest of traders and investors in the cryptocurrency.
Selling Pressure Looms For Bitcoin Cash (BCH) Amidst Price Slump
Following the announcement that collapsed Mt. Gox would be injecting 143,000 Bitcoin Cash (BCH) into the crypto market by October 31, many crypto investors have expressed concerns over potential selling pressures.
Given the declining value of Bitcoin Cash (BCH), creditors awaiting reimbursement from Mt. Gox might decide to sell off their holdings to acquire quick profits.
This intense selling pressure could take a toll on the price dynamics of Bitcoin Cash (BCH), possibly resulting in more declines in the future. At the time of writing, the price of Bitcoin Cash (BCH) is trading at $429.3, reflecting a 1.56% decrease in the last 24 hours.
Additionally, the cryptocurrency has seen an 18.75% dip over the past month and another 8.79% decrease in the previous seven days. While Bitcoin Cash (BCH) battles with potential selling pressures, ETFSwap (ETFS) a major crypto contender is witnessing more buyouts as its cryptocurrency’s value surges to new highs.
ETFSwap (ETFS) Eye Top Crypto 20 As Token Presale Surges
Amidst the bearish sentiment of Toncoin (TON) and Bitcoin Cash (BCH), ETFSwap (ETFS) is steadily rising above market volatility to position itself for an ascent to the top 20 cryptocurrencies in the market. The crypto project has been garnering a lot of interest from various investors and crypto enthusiasts in the industry, charming them with its unique decentralized trading platform and advanced crypto solutions.
While it aims to blend traditional finance and the Decentralized Finance (DeFi) landscape, ETFSwap (ETFS) is still strictly a tokenized Exchange-Traded Fund (ETF) platform. It enables users and investors to take advantage of advanced trading solutions, allowing them to potentially amplify their returns when they invest and trade in cryptocurrencies and tokenized ETFs.
Unlike traditional ETF trading service providers, ETFSwap (ETFS) offers a more modern and efficient approach to trading, using the power of tokenization to make ETF trades faster, cost-effective and more seamless. Users can also track their ETF performance with ETFSwap, while Investors can achieve up to a 50x leverage on the listed ETFs on the innovative platform.
Moreover, traders can earn up to a 10x leverage on all trades. Additionally, token holders can earn passive income when they stake their tokens as well as an 87% APR yield.
Investors who want to purchase ETFS tokens are granted early access to new ETF listings and updates on its exclusive platform. Moreover, the platform ensures maximum security and anonymity for users, utilizing blockchain technology to facilitate transparency and security.
ETFSwap (ETFS) also does not provide KYC verification features, enabling investors to protect their privacy and identities.
Currently, the token’s presale is ongoing, and investors can seize the opportunity to purchase ETFS tokens at a lower price of $0.00854 in the first stage of the presale. The second presale stage is expected to see an even higher level of demand as the cryptocurrency will increase to $0.01831. This means that buying now is the best opportunity for all crypto investors.
For more information about the ETFS Presale:
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