Former CEO of BitMEX Arthur Hayes recently reiterated his $1 million price prediction for Bitcoin (BTC), asserting that the next bull run will drive the cryptocurrency to $100,000. He adds that an altcoin season should follow the BTC rally and suggests some picks for investors looking to make a profit.
The new DeFi presale token ETFSwap (ETFS) makes it to this list of top picks and supposedly offers the best profit margin in the market right now. The new ETF trading platform sets the stage for a massive price rally amid growing ETF and real-world asset trends.
Altcoin Season On The Horizon Amid Optimistic Price Targets For Bitcoin And Ethereum
Crypto enthusiasts usually expect an altcoin season after a Bitcoin (BTC) rally, but it has been a no-show for altcoins this year. Bitcoin (BTC) capitalized on spot Bitcoin ETF momentum earlier in the year for a new all-time high, a price trend Ethereum (ETH) couldn’t replicate.
In an article posted on Medium, co-founder and former CEO of BitMEX Arthur Hayes predicted that an altcoin season would come after Bitcoin (BTC) and Ethereum (ETH) break $70,000 and $4,000 price points, respectively. Although Hayes believes Solana (SOL) could also see an impressive price surge, he states that the altcoin does not have the size to trigger larger market movements compared to Bitcoin (BTC) and Ethereum (ETH).
Hayes also cites the bearable price correction on Bitcoin (BTC) and Ethereum (ETH) compared to the massive price crash on meme coins as a show of strength from the two largest cryptocurrencies. He expects a solid recovery as the US Treasury is set to issue at least $301 billion worth of treasure bills towards the end of the year.
Furthermore, Hayes shows that Bitcoin (BTC) pumps when the United States government issues treasury bills. Therefore, a bearish exit could be in sight, leading to a massive altcoin season that would introduce new market winners.
Amongst those potential winners is ETFSwap (ETFS), which has been quite impressive on its viral presale and Hayes believes it could lead the coming altcoin momentum.
ETFSwap (ETFS) Set To Lead The Market In Coming Altcoin Rally
ETFSwap (ETFS) has emerged as the potential top altcoin pick to lead the market into a massive rally. Investors are leveraging the ongoing presale to buy in early and target massive returns toward the platform launch. Considering the narrative around ETFs in 2024, it makes sense for investors to bet on the emerging altcoin.
ETFSwap (ETFS) aims to deliver the global ETF market on-chain, allowing broader access to assets that exist naturally in traditional markets. The new ETF trading platform will be able to list tokenized ETF assets backed by true ETF securities from industries such as healthcare, energy, technology, engineering, and more.
The emergence of spot Bitcoin and Ether ETFs has fueled a growing interest in the asset class. It is considered a refreshing alternative to cryptocurrencies and allows for a more diverse portfolio diversification. Additionally, ETFSwap (ETFS)) impresses users with features such as quick ETF settlements, crypto-to-ETF swaps, staking for yield, lending to access liquidity, no-KYC trading, lesser trading costs, and many more.
The new ETF trading platform ensures crypto-compatible features by collaborating with MiCa-compliant investment banks trading the crypto and securities markets. This also ensures that tokenized ETFs are backed by true assets and verified by a Proof-of-Reserve mechanism.
ETFSwap (ETFS) leverages the Ethereum network to provide a more secure and transparent infrastructure than centralized platforms. In addition, the ETFSwap (ETFS) team has completed a KYC audit by SolidProof, verifying the individual identities of team members.
Conclusion
Arthur Hayes believes that Bitcoin (BTC) could rally higher and even stronger convictions in an altcoin rally. This sets the stage for the new presale token ETFSwap (ETFS) to shine amid favorable market conditions. This new ETF trading platform has already caught the attention of retail and institutional investors, as well as up to 50,000% expert predictions.
Buy ETFSwap (ETFS) on presale for $0.01831, as the price will increase to $0.03846 in the next presale stage.
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