As the bull market rages on, BNB has failed to live up to expectations despite its massive backing by the Binance crypto exchange. As such, investors are now looking to Celestia (TIA) and ETFSwap (ETFS) for life-changing gains. Let’s see why.
BNB – A struggling giant
BNB is the 4th-largest cryptocurrency in the world, with a market cap of over $80 billion. But even though it is currently one of the most versatile tokens in the crypto space, it has struggled to gain any remarkable appreciation in price. It closed at around $394 about a month ago and is currently trending around $534 – an increase of about 35% so far. While this is interesting, it is not exactly impressive.
One reason for this may be the already large market cap of BNB, which is currently above $81 billion. A token as large as this will require a massive influx of liquidity to produce any remarkable return on investment.
Unfortunately, large returns from investing in BNB are highly unlikely because of how diverse and competitive the crypto market is now. So, while the BNB market cap means it is more stable, holders of the token can hardly count on it for 10x return or more.
Celestia (TIA) – Ushering in the modular Blockchain era
The Celestia token came on the crypto scene in October 2023 as a $120 million airdrop for crypto users in the Cosmos (ATOM) and Ethereum roll-up communities. It describes itself as the world’s first live modular data availability Blockchain. In other words, Celestia (TIA) shares data with other Blockchains through its consensus layer.
The project’s uniqueness, coupled with the fact that TIA stakers could be eligible for further airdrops, helped push up the token price. It surged from about $2 when it went live to an all-time high (ATH) of $20.9 on February 10, 2024.
However, even though it is currently in a downtrend, its unique narrative makes it a worthy investment option as the bull market rages on.
ETFSwap (ETFS) – A bull market trailblazer in its infancy
Advertisement
Many experts agree that Bitcoin’s latest run was fueled by the approval of its spot exchange-traded funds (ETFs) for trading in the United States and other countries. The approval meant that government agencies have now stopped looking at Bitcoin and crypto as enemies.
However, as good as that news was, there is still a need for a decentralized platform to trade and convert ETFs freely, as these ETFs are currently only accessible to large and institutional investors. The need for a third party to invest in these investment vehicles is also a hurdle, discouraging smaller investors from getting in. This is where ETFSwap comes in.
ETFSwap (ETFS) is a decentralized platform that aims to combine traditional asset management with Blockchain technology through a fully functional decentralized ETF exchange. It offers anyone the opportunity to buy, trade, and invest in ETFs without the need for KYC registration, providing a wide range of options, including crypto ETFs, commodities, market, and fixed-income ETFs, among others.
The platform also offers investors useful ETF investment tools like ETF Finder (to search various ETFs), ETF Screener (to find information about a particular ETF), and up to 10x leverage on ETF trading. With leverage, users are able to maximize their returns by being able to invest 10x higher than their initial capital.
To ensure the safety of customer funds, the platform has engaged in an extensive audit performed by Cyberscope. According to the audit, ETFSwap (ETFS) is completely safe to invest in and is free from any bugs that could lead to an exploit.
The ETFS token presale is already ongoing, with over $150,000 already raised so far. This is in addition to $750,000 that was raised during its private sale round from institutional and angel investors.
The first stage of the presale is currently selling tokens for the low price of $0.00854. However, the price will increase to $0.01831 soon when the presale hits stage 2. According to experts, this token has the potential to reach $1 and even higher in the bull market. When that happens, those who buy now will have gained at least a 117x return on investment when the token hits its price target.
For more information about the ETFS presale:-
Advertisement
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
