Newcomer ETFSwap (ETFS) has recently outperformed AI coinsWorldcoin (WLD) and Fetch.ai (FET). This market dynamic is considered significant as it suggests that the narrative has indeed switched to crypto projects focused on Real World Assets (RWA).
Crypto analyst Michaël van de Poppe predicted this would happen after the Bitcoin Halving, which already looks to be the case. Given the potential of the RWA market, ETFSwap’s (ETFS) recent parabolic rise may just be the start of a bullish momentum that could last throughout this year and beyond.
Worldcoin (WLD) Continues To Face Regulatory Scrutiny
Upon launching last year, Worldcoin (WLD) faced regulatory scrutiny in various jurisdictions, with authorities investigating the crypto project for breach of privacy laws in how it handled users’ data. However, the Worldcoin (WLD) ecosystem looked to have put that saga well behind it until recently, when the Argentine authorities issued an indictment against the crypto project.
This development has proven to be a setback for Worldcoin (WLD) as it faces $1.2 million in fines for violating the country’s consumer laws. As expected, this has negatively impacted the project’s native token, WLD. Currently trading at around $4.76, the crypto token is down over 6% in the last seven days.
Worldcoin (WLD) is also expected to experience further price declines in the coming weeks, with the team announcing plans to sell over 36 million tokens over the next six months. These tokens will just be unlocked, meaning Worldcoin’s (WLD) circulating supply is set to increase, which could cause the token’s value to drop due to this inflationary action.
Fetch.ai’s (FET) Rally Cools Off
Fetch.ai (FET) has been one of the best-performing crypto assets since the start of the year, with a year-to-date (YTD) gain of over 200%. However, the crypto token’s rally has cooled off recently. Currently trading at around $2.20, Fetch.ai (FET) is down over 36% from its all-time high (ATH) of $3.47, which it achieved on March 28.
Meanwhile, Fetch.ai’s (FET) decision to merge with other decentralized AI platforms, Ocean Protocol and SingularityNET, has brought mixed feelings among token holders. With the Artificial Superintelligence Alliance (ASI) token (the native token of the merged platforms) set to go live in May, there could be more selling pressure ahead of then with disgruntled holders leaving the ecosystem.
ETFSwap (ETFS) Has No Hinderance
Unlike Worldcoin (WLD) and Fetch.ai (FET), which are currently facing setbacks in their respective ecosystems, ETFSwap (ETFS) is having its most bullish period yet. The crypto token’s value has skyrocketed in recent weeks thanks to the impressive demand being recorded in its ongoing token presale.
Over 35 million ETFSwap (ETFS) tokens have been bought so far, with this insane buying pressure helping the crypto token to outperform even major cryptocurrencies. Experts predict that ETFSwap’s (ETFS) rally is unlikely to end anytime soon, considering that the crypto space is just catching on to the RWA meta.
ETFS is the native token of ETFSwap, a decentralized finance (DeFi) platform that enables on-chain trading of exchange-traded funds (ETFs) by tokenizing these funds. Asset tokenization is projected to grow into a trillion-dollar market at some point, meaning that the ETFSwap (ETFS) token will witness an impressive amount of liquidity that could help sustain its moves to the upside.
Meanwhile, ETFSwap’s (ETFS) unique features could also draw more attention to its native token. One is that the platform allows users to maximize returns on their investments by offering up to 10x leverage on these ETF trades. Know-Your-Customer (KYC) requirements are non-mandatory on the platform, which underlines how it prioritizes its users’ privacy.
Bearing this in mind, it is no surprise that crypto investors are accumulating as many ETFSwap (ETFS) tokens as possible and holding on to them dearly. With ETFSwap (ETFS) likely to end up as one of the best-performing assets this year, purchasing it at a giveaway price of $0.00854 in the ongoing stage 1 of the token presale is a no-brainer.
For more information about the ETFS Presale:
