Coinbase Bitcoin premium has surged. However, upside catalysts remain elusive. Investors turn to high-performing token ETFSwap.
Pseudonymous market analyst HornHairs has noted that Bitcoin (BTC) has seen its largest Coinbase premium in two months, indicating strong demand. As a result, investors are diversifying to ETFSwap (ETFS), a high-demand DeFi token that has delivered over 200% ROI to early investors with promises of further gains in the coming months.
Bitcoin (BTC): Coinbase Premium Soars, Bull Run Imminent?
Market analyst HornHairs points to Bitcoin’s largest Coinbase premium in two months as an indication that the current rally is primarily driven by spot buying. The Coinbase premium measures the difference between the price on Coinbase, the largest US exchange, and Binance. When Bitcoin (BTC) has a higher Coinbase premium, American investors are mainly responsible for buying pressure.
Moreover, spot-driven rallies are considered much safer than leverage-driven ones, as crypto rallies fueled by risky derivatives are less healthy. According to data from U.today, the market recently absorbed a massive selling spree initiated by Saxony, a state in eastern Germany. Notably, spot Bitcoin exchange-traded funds (ETFs) attracted nearly $900 million this week, their best performance since May.
This recent performance confirms US buyers’ strong demand for Bitcoin (BTC). According to CoinMarketCap, Bitcoin (BTC), the leading cryptocurrency by market cap, is trading at $60,019.40 after reaching an intraday high of $60,373. Despite the substantial recovery, the “Fear and Greed” sentiment indicator still shows “fear” with 30 points out of 100.
Bulls might hope for a quick recovery following the end of Saxony’s Bitcoin (BTC) sales, encouraging US macro data and a sizeable Coinbase premium. Moreover, total market capitalization has increased by over $100 billion in rare weekend trading activity, primarily influenced by the Donald Trump assassination attempt.
ETFSwap (ETFS): A DeFi Game Changer For Streamlined ETF Trading And Investment
ETFSwap (ETFS) is an innovative cryptocurrency poised to revolutionize the ETF and DeFi markets. As exchange-traded funds continue to gain traction, with even Bitcoin (BTC) filing for the launch of its own ETF, experts believe ETFSwap (ETFS) is the best crypto investment to capitalize on the growing ETF marketplace. ETFSwap (ETFS) stands out from other DeFi protocols by offering a diverse range of crypto ETFs for investment, including Leveraged ETFs, Futures ETFs, and Commodity ETFs across various sectors like healthcare, among others.
The platform’s market-making capabilities ensure unlimited liquidity for investors, providing them with a seamless trading experience. Moreover, every ETF offered by ETFSwap (ETFS) is directly pegged to a real-world commodity, thanks to the platform’s partnership with MiCa-compliant regulated investment banks that deal in securities and crypto trading. With ETFSwap (ETFS), investors are introduced to distinct features that simplify and enhance ETF trading.
Some of these features include its AI tools specifically designed to provide the community with quality trading tips. These tools are known as the ETF Tracker and the ETF Screener. With these, investors are acquainted with predictive and sentimental analyses that help them make calculated trading decisions. Investors also receive top-notch investment recommendations based on pattern recognition and previous data.
ETFSwap (ETFS) prioritizes asset security by implementing a no-scam-zone protocol and undergoing a thorough KYC audit by SolidProof, which doxxed its team. The ETFS token is considered one of the best cryptocurrencies in 2024 due to its utility and profit, especially with Bitcoin’s (BTC) price underperforming despite its Coinbase premium doing well. Currently priced at $0.01831 on the website, the token has already offered early investors a 200% yield with the potential for up to 4000% in the coming months.
Conclusion
Although Bitcoin’s Coinbase premium has been impressive over the past two months, investors remain concerned about the lack of a clear bullish catalyst to drive prices higher. As market predictability declines, investors seek ways to safeguard their assets, and ETFSwap (ETFS) has emerged as a potential option. With the token experiencing a rapid sell-out, investors are urged to join the token presale quickly before it sells out completely.
For more information about the ETFS Presale:
