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A leading crypto venture capitalist has made a bold prediction for the ETH price ahead of Spot Ethereum ETFs trading, and it’s not entirely optimistic. The recent prediction for the ETH price is bearish, while investors continue to seek market opportunities arising from the ETF situation.
However, ETFSwap (ETFS) appears to be winning as the new ETF trading platform has gained massive traction on presale. Due to its underpriced position, users are getting in with targets of huge profits.
The ETFSwap (ETFS) Presale is Rallying Towards Massive Success
The anticipation for Spot Ethereum ETFs has positively affected the ETFSwap (ETFS) presale growth as investors cling to opportunities capitalizing on the development. ETFSwap has won the hearts of major investors as a platform for ETF trading. The new Ethereum-based platform will allow trading and investment access to the ETF global market and will leverage the blockchain to expand the boundaries of the traditional market.
ETFSwap will offer tokenized ETFs backed by actual ETF securities purchased from the traditional market. These assets will provide better investment flexibility and seamless portfolio diversification across ETFs from energy, healthcare, technology, and many more industries. The new trading platform will also list Spot Ethereum ETFs from issuers worldwide, allowing global accessibility to varying commodities.
ETFSwap exhibits early signs of success as a first-mover platform for ETF accessibility combined with on-chain anonymity and crypto compatibility. The ongoing presale has attracted investors capitalizing on the cheap entry while targeting maximum returns of over 50,000%.
Furthermore, ETFSwap (ETFS) is set for beta launch in the next few weeks and will offer early access to presale investors who would like to test the platform and provide feedback ahead of the main launch. The new project has also revealed plans to launch its ETF in 2025, which experts imagine could be a massive price catalyst for its native token currently on presale.
Crypto VC Predicts 30% ETH Price Decline Ahead of Spot Ethereum ETFs
Andrew Kang from Mechanism Capital believes the ETH price could drop 30% following the Spot Ethereum ETFs. He remains convinced in his position, except that the ETH price “develops a compelling pathway to improve its economics.”
As of this writing, the ETH price is trading at $3,378, and a 30% drop will tank the crypto asset to $2,400. In a post on X, he further explained that the altcoin is not drawing quite the institutional attention as Bitcoin (BTC), citing lower incentives and unimpressive network cash flows as a deterrent to the crypto asset’s growth.
It is a controversial take considering that the cryptocurrency has performed impressively in its reaction to Spot Ethereum ETF news, even surging by over 30% a day after the SEC approved the 19b-4 applications for ETF issuers.
Kang predicts that Spot Ethereum ETFs will attract only 15% of the flows we’ve seen on Spot Bitcoin ETFs. Interestingly, this falls in the same range that Bloomberg analysts James Seyffart and Eric Balchunas estimated.
However, it’s important to note that not everyone agrees with Kang’s prediction. Several experts expect the ETH price to react like Bitcoin (BTC) following Spot Bitcoin ETF approval. Therefore, the consensus believes the ETH price would be on pace for a new all-time high after Spot Ethereum ETFs hit the trading market.
Conclusion
While only a few experts take the bearish side of the ETH price predictions, an uptrend is a natural reaction to expect after Spot Ethereum ETFs launch. ETFSwap (ETFS) has recorded massive growth as a first-mover platform offering decentralized trading solutions to investors exploring ETFs. It is as early as crypto investment gets, and crypto is exceptionally generous to the earliest investors.
The ongoing ETFSwap (ETFS) presale is selling for $0.01831, which is the lowest price the token will ever be. Get in before the window closes, as the presale price is set to increase to $0.03846 in a few weeks.
For more information about the ETFS Presale:
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
