Home > web3.0 > body text

Why Whales Are Banking On ETFSwap (ETFS) As Its Competitors Avalanche (AVAX) And Polygon (MATIC) Face Setbacks

王林
Release: 2024-08-28 21:18:30
Original
642 people have browsed it

Investors in Avalanche (AVAX) and Polygon (MATIC) have faced significant setbacks, seeing their values plummet by 50%. This sharp decline has left many questioning the prospects of these once-promising assets, as whales attention shifts toward ETFSwap (ETFS).

Why Whales Are Banking On ETFSwap (ETFS) As Its Competitors Avalanche (AVAX) And Polygon (MATIC) Face Setbacks

Investors in Avalanche (AVAX) and Polygon (MATIC) have encountered substantial difficulties, witnessing their values plummet by 50%. This drastic decline has left many questioning the prospects of these once-promising assets as whales shift their attention toward ETFSwap (ETFS).

While Avalanche (AVAX) and Polygon (MATIC) struggle to meet investors’ expectations with a 40% decline, whales are flocking to ETFSwap (ETFS) in search of 100x gains.

ETFSwap (ETFS) boasts a permissionless ecosystem that offers an institutional-grade protocol for crypto and real-world asset ETFs. The platform empowers investors to generate passive income through staking in vaults, adding liquidity to pools, or farming yields with an impressive 87% annual percentage rate (APR).

Through ETFSwap (ETFS), users gain access to a diverse range of ETFs, including those linked to commodities like gold, oil, gas, and cryptocurrency ETFs managed by leading market participants. Its ETF Screener and ETF Tracker will particularly appeal to whales, providing traders with precise data to secure consistent profits exceeding 100x.

Given this momentum, it comes as no surprise that the presale is rapidly approaching the 1 billion token milestone, having already raised over $4 million. ETFSwap (ETFS) tokens are available for just $0.01831, promising to outshine other altcoins in the market.

All ETFSwap (ETFS) team members have completed KYC verification with SolidProof, a renowned security firm.

Avalanche (AVAX) endeavors to reassure investors following a 50% steep decline

Avalanche (AVAX) has left many investors frustrated after encountering a series of setbacks, including a sharp decline of over 50% following security breaches within its ecosystem.

In a recent update, Avalanche’s (AVAX) official X account warned the public that their Discord channel had also been compromised. The announcement stated, “SECURITY ALERT: the official Avalanche (AVAX) Discord has been compromised; please do not interact with any accounts or click any links until further notice.”

Similar to the Polygon (MATIC) Discord breach that occurred a day earlier, the attackers infiltrated Avalanche’s (AVAX) Discord account. As a result, Avalanche’s (AVAX) daily trading volume has dropped by 19%, reaching $292 million. However, despite these challenges, the market cap slightly increased by 3%, reaching $10 billion. Trading at $26.96, Avalanche (AVAX) managed to recover from the correction, posting a 31% gain on the weekly charts, though it still experienced a 4% decline over the past month.

Polygon (MATIC) recovers from security breach, seeking to restore investor confidence

Polygon (MATIC) has also faced significant setbacks, with its value dropping by more than 50% amid concerns over user security following the Avalanche (AVAX) Discord server hack.

Polygon’s (MATIC) Chief Information Security Officer, Mudit Gupta, advised users to avoid clicking on links in the @0xPolygon community Discord until further notice, confirming that the account had been compromised and that efforts were being made to regain control.

In a subsequent update, Gupta announced, “We’ve regained access and are currently cleaning up all the changes made by the hacker to ensure they can’t return.”

According to CoinMarketCap, Polygon (MATIC) is trading at around $0.5196, though recovering from a severe decline, showing a 25% gain on the weekly charts and a 3% increase last month. However, Polygon’s (MATIC) 24-hour trading volume dropped by 40% to $283 million, while its market cap decreased by 2.3% to $5 billion.

Conclusion: ETFSwap (ETFS) captures whales’ attention with its unique offering

While other altcoins struggle to maintain investor interest amid market downturns, ETFSwap (ETFS) is setting itself apart with its unique value proposition and strong fundamentals, attracting the attention of large-scale investors known as “whales.”

With nearly 1 billion tokens already sold, ETFSwap (ETFS) is rapidly gaining momentum and whales are realizing its potential for massive gains over 100x.

The above is the detailed content of Why Whales Are Banking On ETFSwap (ETFS) As Its Competitors Avalanche (AVAX) And Polygon (MATIC) Face Setbacks. For more information, please follow other related articles on the PHP Chinese website!

source:php.cn
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Popular Tutorials
More>
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template
About us Disclaimer Sitemap
php.cn:Public welfare online PHP training,Help PHP learners grow quickly!