Bitcoin (BTC) has rebounded well since its drop below $50,000 on August 5. However, this veteran has suggested this BTC's reversal might just be a relief bounce with the flagship crypto set to experience a price crash. Considering this, Shiba Inu's rival ETFSwap (ETFS) has emerged as a better investment for those looking to make massive gains.
Bitcoin (BTC) has seen a good recovery following its drop below the $50,000 level on August 5. However, this veteran trader has suggested that this BTC reversal may only be a relief bounce, with the flagship crypto set to see a price crash. In light of this, Shiba Inu rival ETFSwap (ETFS) has emerged as the better investment for those looking to make massive gains.
Why Bitcoin (BTC) Price Crash Is Not Over
The Bitcoin trader explained that the BTC price crash is not over as the flagship crypto has yet to find a bottom despite rebounding above the $50,000 level. The trader further suggested that the $40,000 range is a likely bottom for Bitcoin, suggesting that BTC’s price could drop below the $50,000 level once again.
Discussing the factors that could lead to Bitcoin's (BTC) price crash, the trader highlighted the US Federal Reserve’s failure to carry out an emergency rate cut amid growing fears of a recession. Additionally, Fed Chair Jerome Powell gave little indication that they plan to cut rates at the next FOMC meeting in September, suggesting that BTC’s price may crash if this does not occur.
Meanwhile, Bitcoin's (BTC) price crash may also be triggered by Democratic presidential candidate Kamala Harris continuing to gain ground against Republican candidate Donald Trump. Trump is seen as being more pro-Bitcoin, and BTC traders could dump their holdings if they believe that Harris is more likely to win the US presidential election.
ETFSwap (ETFS) Is A Better Investment For Massive Gains
With Bitcoin (BTC) at risk of another price crash, Shiba Inu rival ETFSwap (ETFS) has emerged as the better investment for traders seeking massive gains. The token has been lauded for its utility, giving it an edge over the likes of Shiba Inu (SHIB). Analysts have also predicted that ETFS could see a price gain of over 2,000% as demand for the token continues to surge.
Investors are flocking to ETFS in its ongoing presale as they prepare for the launch of the ETFSwap beta platform. ETFSwap’s native token, ETFS, will grant these investors access to the decentralized finance (DeFi) platform, which tokenizes exchange-traded funds (ETFs) and provides a much easier way to invest in these traditional assets.
In addition to providing a more accessible way to invest in these ETFs, ETFSwap (ETFS) has implemented measures to ensure that users are safer when utilizing the decentralized trading platform. This includes integrating security tools, something that projects like Shiba Inu aim to replicate on their decentralized exchange (DEX).
Furthermore, investors on the trading platform can trade anonymously as ETFSwap (ETFS) has integrated zero-knowledge (ZK) proof technology into the platform. This ensures that traders can invest without revealing their identity or any sensitive information. The platform has no Know-Your-Customer (KYC) requirements, so investors do not have to worry about going through tedious customer verification processes.
On ETFSwap (ETFS), traders are given artificial intelligence (AI) powered tools that provide them with the best ETF recommendations. These tools, ETF Screener and ETF Tracker, perform predictive analysis, offering traders insights into the future outcome of their potential trades.
It is also worth mentioning that, unlike projects like Shiba Inu, which have anonymous founders and developers, the ETFSwap (ETFS) team is fully doxxed, having been verified and certified by Solidproof. This has further instilled investors' confidence in ETFS' long-term success.
Investors looking for massive returns are certainly better off buying ETFSwap (ETFS) than Bitcoin (BTC) and Shiba Inu (SHIB). The token has more room to run with a 2,000% price rally on the horizon and is still selling at a discount at its current price of $0.01831.
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