Crypto Investors Shift Their Weight From PEPE And BONK To This 100X Altcoin
The post Crypto Investors Shift Their Weight From PEPE And BONK To This 100X Altcoin appeared on BitcoinEthereumNews.com.
Ahead of the second part of this bull run, crypto investors are repositioning themselves to make the most of this market cycle. This has led them to offload their Pepe (PEPE) and Bonk (BONK) tokens and rotate their capital to ETFSwap (ETFS), an altcoin that can provide them with 100x returns. Crypto Investors Shifting From Pepe (PEPE) And Bonk (BONK) Crypto investors are currently shifting their weight from Pepe (PEPE) and Bonk (BONK), as on-chain data shows that these meme coins have experienced more outflows than inflows in recent times. A plausible explanation for this development is that PEPE and BONK have exhausted most of their bullish momentum in this bull run. Pepe (PEPE) peaked at an all-time high (ATH) of $0.00001718 in May and has since declined by over 50%. Meanwhile, Bonk (BONK) peaked at an ATH of $0.00004704 in March and has since declined by over 58%. These crypto investors are believed to have also shifted their attention from BONK and PEPE, as liquidity is shifting from meme coins to utility altcoins like ETFSwap (ETFS). Crypto Investors Are Shifting To ETFSwap (ETFS) Crypto investors are shifting to ETFSwap (ETFS), with the altcoin projected to provide a 100x return from its current price of $0.01831. ETFS’ unique utility makes it stand out, which is why such an ultra-bullish prediction has been made for the altcoin. As the native token of ETFSwap, a decentralized investment platform, ETFS is revolutionizing exchange-traded fund (ETF) trading and making investing in these traditional assets easier. Investors can easily convert the altcoin to their preferred ETF without going through rigorous verification processes. For instance, Know-Your-Customer (KYC) requirements are non-mandatory on the decentralized finance (DeFi) platform. As such, the ETFS altcoin will enjoy a massive demand from crypto investors looking to invest in crypto ETFs like…
Filed under: News - @ August 16, 2024 10:28 pm