The Solana (SOL) blockchain has recently become the home for up-and-coming meme coins, registering the creation of meme coins that have surged in popularity in recent months.
However, although Solana (SOL) meme coins were all the rage just a few months ago, interest now seems to be fading fast, prompting investors to diversify into other cryptocurrencies with potential. A new popular option for these profit-making cryptocurrencies is $ETFS, the native token of the ETFSwap ecosystem.
Solana Meme Coin Investors Turn To $ETFS
Search volume for popular Solana (SOL) meme coins like Dogwifhat (WIF), BONK (BONK), and MYRO ($MYRO) has dropped nearly 80% from their peaks. This drop in interest has certainly been reflected in the price of these Solana (SOL) based meme coins, with most now registering losses in the past week, according to data from CoinGecko.
Part of this decline is natural as hype cycles run their course, and their lack of utility is becoming apparent. Additionally, the hype and attention surrounding crypto ETFs are drawing interest and investment away from niche meme coins. As a result, investors are now moving into the ongoing $ETFS presale, among others.
Now, what aspects of the concept of $ETFS make it a more favorable investment than these speculative meme coins?
Introducing ETFSwap: A Platform For Trading ETFs On The Blockchain
ETFSwap ($ETFS) is a decentralized platform that’s reshaping the entire landscape of investing in traditional ETFs and the world of decentralized finance. Basically, ETFSwap ($ETFS) allows users to access a comprehensive marketplace consisting of tokenized versions of traditional ETFs across industries like the crypto and commodities sectors.
These ETFs track the performance of the Exchange Traded Funds, which they represent on-chain, allowing investors to benefit from 24/7 risk management, flexibility and seamless trading opportunities.
However, unlike traditional investment in ETFs, ETFSwap ($ETFS) allows its users to trade with fractional ownership of its ETF offerings and leverage their trades with up to 10x leverage. Furthermore, ETFSwap ($ETFS) does not require completion of KYC requirements. This means investors can gain exposure to its broad market ETFs and other popular products with just a few clicks.
By enabling trading of ETFs from different sectors, ETFSwap gives investors an opportunity to diversify their portfolios into sectors such as technology, healthcare, energy, and commodities. That way, users of the platform are able to take advantage of profit making opportunities when different sectors are booming.
Current State Of $ETFS Presale
The ongoing presale for ETFSwap’s native $ETFS token is generating major hype among crypto enthusiasts. This is rightly so, as ETFSwap ($ETFS) offers investors a chance to capitalize on the recent surge in ETF popularity. With ETFs exploding lately and meme coins starting to lose trends, $ETFS presale offers investors the chance to get in on the ground floor of an amazing DeFi platform.
This excitement is already pushing investors to the presale, with more than 5.4 million $ETFS tokens already sold. Fortunately, the presale is still in its first stage, and investors can still take advantage of a mouthwatering $0.00854 presale price. Interestingly, the second stage is set at a presale price of $0.01831, meaning investors who participate in the first stage are already making a profit.
All signs point to $ETFS becoming the next hot token following its full launch. Once ETFSwap ($ETFS) achieves even a fraction of its ambition, $ETFS has the potential for astronomical gains that could dwarf even the largest Solana (SOL) meme coins.
Given this, now is the best time to get into the presale as it will be the lowest price the token will be sold for before listing on exchanges.
For more information about the ETFS Presale: