Saturday, October 5, 2024
HomeCryptoAltcoin Season Approaching as Bitcoin Dominance Declines - Here's Why

Altcoin Season Approaching as Bitcoin Dominance Declines – Here’s Why

Despite its significant gains and market dominance, Bitcoin (BTC) is predicted to undergo a trend reversal. A well-known analyst suggests that Bitcoin’s dominance may decrease soon, opening opportunities for other cryptocurrencies to gain momentum and potentially kickstart the altcoin season.

During the altcoin season, cryptocurrencies like ETFS, the native token of ETFSwap, are expected to outperform well-known altcoins such as Cardano (ADA) and Solana (SOL).

ETFSwap (ETFS) Signals As The Best Option For Lucrative ETF Investment

ETFSwap (ETFS) has established itself as a reputable platform since its presale launch, offering unique trading and investment opportunities. This fully decentralized platform allows users to trade tokenized ETFs backed by Real World Assets (RWAs) like cryptocurrency, bonds, and commodities.

The ETFSwap presale has generated over $5 million in revenue and sold more than 500 million tokens, positioning itself as a promising investment option for the upcoming altcoin season.

With partnerships with MiCA-regulated licensed banks, ETFSwap ensures the security of its ETFs through blockchain technology. Investors can trade institutional ETFs 24/7 without KYC checks, providing a user-friendly experience.

ETFSwap prioritizes security, implementing top-tier measures to prevent data theft and cyber threats. The platform has been audited by CyberScope and undergone KYC verification with SolidProof, showcasing its commitment to a transparent and secure trading environment.

Analysts anticipate a significant rally of 108X for ETFSwap as demand for tokenized ETFs rises. The beta platform launch on September 28th will further boost growth, allowing users access to liquidity and staking pools.

Phase 1 of the beta platform includes ETF prices and swapping features, with Phase 2 introducing advanced trading tools for enhanced trading returns.

Crypto Analyst Predicts Altcoin Season As Bitcoin’s Dominance Fades

Analysts anticipate the start of the altcoin season as Bitcoin’s dominance declines. Bitcoin’s dominance is showing signs of weakness, while the altcoin market cap is on the rise, indicating a favorable market outlook for altcoins.

Bitcoin (BTC) dominance is showing signs of a potential breakdown from a rising wedge pattern, while the altcoin market cap is breaking out of a falling wedge. Image Credit: https://x.com/ali_charts

As Bitcoin’s dominance diminishes, the coming weeks may confirm the start of the altcoin season. Investors seeking promising altcoins like ETFSwap (ETFS) are advised to act before the season kicks off.

Conclusion
With Bitcoin’s dominance fading, ETFS is expected to be a top performer in the upcoming altcoin season. The success of the ETFSwap presale indicates a strong interest from investors, and the beta launch along with the introduction of its own ETF in 2025 may lead to significant gains.

For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community

Read Also: 0xPPL Aims to Revolutionize the On-chain World with a Decentralized Web3 Social Platform

RELATED ARTICLES

Most Popular