Bitcoin, Ethereum, Cardano Rebound From Market Lows, Analyst Says Increase Will Continue
The post Bitcoin, Ethereum, Cardano Rebound From Market Lows, Analyst Says Increase Will Continue appeared first on Coinpedia Fintech News
Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) were listed as some of the biggest losers in the metaverse this past month. However, these tokens ended the last week on a good note, and analysts believe this new trend will continue. ETFSwap (ETFS) has also enjoyed a steady run as its presale raises millions.
Important Indicator Signals Huge Recovery For Bitcoin (BTC)
June was quite rough for Bitcoin (BTC) following its incredible surge to $70,000. In Q1, Bitcoin (BTC) performed excellently, surpassing all expectations and recording a new all-time high of $73,750. Since then, this cryptocurrency has been on a downward slope, falling by more than 20% in the past month.
Today, Bitcoin (BTC) trades at $56,284, increasing by 3% in 24 hours from $54,340. Crypto analyst Ali Martinez stated on X that the appearance of the TD Sequential indicator on the charts may be a turning point for Bitcoin (BTC).
The ETFSwap (ETFS) Presale Overcomes Volatility As It Raises Over $2 Million
ETFSwap (ETFS) has greatly exceeded all expectations by raising millions in mere weeks. This marvellous cryptocurrency and its ongoing presale have yielded huge ROIs for investors. As the market struggles to overcome current bearish trends, ETFSwap (ETFS) offers asylum to investors.
ETFSwap (ETFS) is an unconventional cryptocurrency platform that serves as a bridge between the financial markets in both worlds. With this project, investors can make money simultaneously from both markets by becoming acquainted with tokenized ETF trade. Tokenized ETFs are assets that are backed by commodities in the real world, such as commodity and spot ETFs.
Also, ETFSwap (ETFS) received a comprehensive audit from CyberScope, which assured the metaverse of the platform’s safety. In recent weeks, investors have incurred losses of up to $1.5 billion from scam attacks alone. With ETFSwap (ETFS) investors can be sure of the total safety of their assets from bugs, scam attacks, and hackers.
Experts believe this cryptocurrency is the best investment choice in the metaverse today due to its distance from present dips. The ETFS token can be purchased from the website at $0.01831 per token. Investors can begin recovering losses from other cryptos with this presale because it promises 100% returns by the end of this round.
Spot Ethereum ETFs Launch May Push Ethereum (ETH) To Bounce Back
Ethereum (ETH) has recorded some of its biggest losses this year as more than 220,000 traders give in to selling pressure. Valued at $18.48 million, Binance has experienced the largest single liquidation order in the ETH/USDT trading pair.
According to market analysts, the Ethereum liquidations per hour have surpassed that of Bitcoin (BTC) by a landslide. Despite the news about the launch of Spot Ethereum ETFs in July, the price of Ethereum failed to cause a rally. Nevertheless, these analysts believe that Ethereum will surprise the metaverse with an upshoot due to the traction Spot Ethereum ETFs have received.
Cardano (ADA) Continues To Maintain Support Level
Despite being famous for its distinct technical advancements, Cardano (ADA) has failed to resist the bear season. The first week of July 2024 was challenging for this cryptocurrency as it dwelled in the red zone. Cardano (ADA) fell by about 12% this past week, causing its price to plummet further.
Cardano (ADA) joined the dipping trend towards the end by forming a wedge breakout pattern. This has led individuals to believe that this cryptocurrency may experience a rally as high as 70% in Q3. Although Cardano (ADA) fell below its nearest support level of $0.35, it has managed to remain above its second support as it trades above $.034.
Keynote Thoughts On The Capability Of These Cryptos To Maintain Upswings
As the metaverse gears toward recovery, analysts hope Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) will exhibit more bullish traits. Meanwhile, ETFSwap (ETFS) has impressed countless individuals in the market as it continues to resist the plunging tide of the ecosystem. Investors are encouraged to rush into this presale while its tokens are still affordable.
For more information about the ETFS Presale:
