Solana (SOL) is struggling to gain traction as popular meme coin PEPE and viral utility coin ETFSwap (ETFS) hit brand new all-time highs.
The cryptocurrency market is notorious for its wild swings, and this recent price difference between Solana (SOL) and Pepe Coin (PEPE) is a perfect example of that volatility. While Solana (SOL) is stagnant, Pepe Coin (PEPE) has skyrocketed to a new all-time high.
In the midst of these market developments ETFSwap (ETFS) is emerging as a revolutionary solution, offering a stable and accessible way to invest in crypto through tokenized ETFs on the blockchain.
Solana (SOL) Price sees lateral action
Despite increased price volatility in the cryptocurrency sector, Solana’s (SOL) price has remained relatively stable, fluctuating within a narrow range of $126.75 to $155.25 since mid-April.
The token also formed a symmetrical triangle pattern in the 1-day time frame after multiple rejections at the $155 resistance level. This current market action implies a potential sideways trade in the altcoin.
However, a recent 6.82% price increase and a significant increase in trading volume of over $2.38 billion (up 64.72%) over the past day mean that Solana (SOL) will soon face a crucial test .
While this recent bullish activity suggests the potential for a breakout, a break below resistance could lead to a price correction.
PEPE Coin (PEPE) is experiencing explosive growth
Pepe Coin (PEPE), a top meme coin that is gaining significant popularity, has seen a remarkable increase in value over the past year. This impressive growth continues, with another 20% gain on the 7-day chart.
Moreso, PEPE Coin (PEPE) reached a a on May 14 new record ever of $0.00001096, solidifying its impressive trajectory. Analysts attribute this increase to the recent increase in Pepe Coin (PEPE) whale activity.
Look at chain, a blockchain analytics platform, has reported that more than four whale transactions worth billions have been executed in the past week, indicating strong investor interest in the coin. Moreover, the technical analysis of the Pepe Coin (PEPE) is showing bullish signs, with 24 technical indicators flashing buy signals.
Currently trading at $0.00001185, Pepe Coin’s strong performance has experts anticipating new highs. They predict that the meme coin will reach $0.0025 in the second quarter of 2024.
ETFSwap (ETFS): a revolutionary solution for crypto investors
ETFSwap (ETFS) is emerging as a breakthrough solution to the limitations faced by established tokens such as Pepe Coin (PEPE) and Solana (SOL). Despite past dominance in the crypto market, these established tokens make investors vulnerable as the volatility exposes them to potential losses.
Furthermore, these tokens do not have seamless access to Exchange-Traded Funds (ETFs). Recognizing these vulnerabilities, ETFSwap (ETFS) aims to protect investors from losses and facilitate seamless trading of all exchange-traded funds (ETFs) on the blockchain.
The platform aims to achieve this through a groundbreaking tokenization process, which essentially creates digital representations of traditional assets. To help users navigate this new world of tokenized ETFs, ETFSwap (ETFS) offers powerful tools like the ETF Filter.
This filter allows traders to locate specific ETFs by applying different search parameters, streamlining the investment process. In the core of the ETFSwap (ETFS) platform is its own token, ETFS, which creates access to trading in tokenized ETFs.
Additionally, users who own the token can earn passive income by making their tokens available to the platform’s staking pool. Currently, in Phase 1 of the public presale, the ETFswap (ETFS) platform is offering each ETFS token at a affordable price of $0.00854. In Phase 2 it will increase to $0.01831, which is more than a 100% APR for all Phase 1 investors.
Moreover, experts expect ETFS to rise 20,000% to the $3 mark, providing all early investors with huge investment returns. Given the potential of the DeFi platform, analysts have predicted that this will be the largest ICO in crypto history, with returns surpassing those of Solana (SOL) and PEPE Coin (PEPE).
For more information about the ETFS presale: