Recently, two crypto tokens, Litecoin (LTC) and Binance coin (BNB), have been riding a bullish momentum wave, which, in turn, is restoring investors’ confidence. Tokens like ETFSwap ($ETFS), on the other hand, are gearing for a massive rally that could boost investors’ portfolios with up to 10,000% yield on investment.
Litecoin (LTC) Persevere Amid Market Bearish Sentiments, Recording 8% Increase
Litecoin (LTC) recorded an 8% increase on April 4, 2024, which, when the current bearish atmosphere of the crypto market is considered, is no small feat. The surge in price took the price of LTC to $107, indicating that it could retest the $140 resistance level, representing a 40% gain. One of the major factors pushing the bullish trend on Litecoin despite the market being in a sea of red is that the United States CFTC (Commodity Futures Trading Commission) had classified it as a commodity
Litecoin had, since the end of its third halving in August 2023, struggled to find its footing. This is a result of the post-halving miner sell-off, which drove the token price to $57, and since then, it has failed to retest the $100 mark until the bullish trend in March 2024, where it rose above $105.Also, the token dropped from the top 10 cryptocurrencies in the crypto market to the 20th, with Toncoin (TON) taking its place as the 10th cryptocurrency in the market, according to Coin Market Cap.
Currently, Litecoin has briefly slid below the $100 mark to about $98 at press time, according to CoinMarketCap. However, its recent increase undoubtedly boosted the confidence of investors affected by its instability since 2023.
Binance Coin (BNB) Eyes $700 With 10% Surge In Price
Binance coin (BNB) on April 2, 2024, surged by 10%, prompting analysts to speculate a potential all-time high of $700, all thanks to the thriving Binance ecosystem. Binance, which offers a variety of services and also houses several projects like Bitcoin Dogs, was created in 2017. Bitcoin Dogs, the first project to host an ICO on the platform, saw revenues that boosted BNB’s price. Binance Smart Chain also rose to become a key player in DeFi, raking in over $8 billion in total value locked.
All these developments prompted the surge that saw BNB price rise from $320 to the $580 range between February and March 2024. Also, BNB undoubtedly rode on the bullish momentum in March when Bitcoin crossed its all-time high. Analysts are optimistic that if BNB continues its current streak, the token could see an all-time high of $700 in May 2024. BNB is currently worth about $582 and ranks 4th in the crypto market with a market cap of over $87 billion, according to data by Coin Market Cap.
ETFSwap ($ETFS) Massive Presale Creates Momentum For Massive Pump To $1
ETFswap ($ETFS) is a groundbreaking project that intends to combine traditional finance with decentralized finance through tokenization. The platform aims to leverage blockchain technology to expose traders to all sorts of assets by tokenizing ETFs (exchange-traded funds).
Traders will also benefit from the 10x leverage and seamless swapping services on this platform. ETFswap ($ETFS) will also feature fractional ownership, enabling investors to amplify their portfolios. $ETFS, the platform’s native token, will allow holders to actively participate in the platform’s decision-making as a governance token.
It is currently offered at a low price of $0.00854 in the ongoing stage 1 presale event. Investors who join at stage 1 will record profit as soon as stage 2 starts with a higher price of $0.01831. The most exciting part about this investment is that experts speculate that the token could hit $1 soon, giving all early investors a 10,000x yield on their investment. So, joining the ongoing stage 1 presale today could boost your portfolio tremendously.
For more information about the ETFS Presale: