The crypto industry has remained bearish since the market-wide dip in early August 2024. However, market experts are confident that the upcoming US presidential elections in November 2024 could reverse the bearish trend.
Also, market experts have identified an ETF token, ETFSwap (ETFS), as the major altcoin that will soar after the presidential elections. This article discusses the reason for the market expert’s sentiment on the US presidential elections and the altcoin.
US Presidential Elections And The Crypto Market
2024 has been a pivotal year for altcoins as Bitcoin (BTC), the largest crypto asset, set a new all-time high. Also, governmental authorities in several regions, including the United States, approved the launch and trading of Bitcoin and Ethereum ETFs. While those are key events, market experts believe that the upcoming US presidential elections will have far more influence on the future of cryptocurrencies in that region and other parts of the world.
According to market experts, the election result will affect core issues like taxation, regulation, and even the integration of cryptocurrencies into the country’s mainstream economy. Interestingly, former US president and the pro-crypto candidate in the upcoming US presidential elections, Donald Trump, vowed during his campaign to protect crypto users in the United States from anti-crypto Members of the US Congress.
Meanwhile, research by Coinbase revealed that Gen Z and Millennial voters will have much influence on the coming US presidential elections, as individuals from both generations make up 40% of all eligible voters. Another study by Coinbase indicated that 51% of those individuals were pro-crypto. Therefore, market experts strongly believe the dice could roll in favor of the pro-crypto citizens in the United States, and if that happens, the crypto market will transition into a bullish phase.
ETFSwap (ETFS) To Ride Bullish Wave After US Presidential Elections
ETFSwap (ETFS) is a crypto ETF trading platform that emerged as crypto-related ETFs started to gain solid ground in the crypto industry. However, ETFSwap (ETFS) approaches exchange-traded funds (ETFs) with a unique tokenization option.
The tokenized ETFs will directly represent traditional ETFs on the blockchain, democratizing access to several assets in various industries, including precious metals, stocks, and bonds. Since they are traded on the blockchain, the tokenized ETFs will be convertible to other crypto assets and will not require authorization from a third party.
Users can also trade the tokenized ETFs with leverage, enabling them to maximize their profits with little capital. ETFSwap (ETFS) will also partner with MiCa-regulated investment banks to handle the trading of cryptocurrencies and securities. At the core of ETFSwap (ETFS) is its native token, ETFS, which serves the purpose of utility and governance.
In addition, only users who hold the altcoin will have access to carry out any operation on the network, including trading tokenized ETFs. The platform also designed the altcoin as a deflationary token, hinting that its supply will continue to shrink due to a burn mechanism, creating a scarcity that will boost its inherent value.
As the date for the US presidential elections draws closer, ETFSwap (ETFS) is currently offering the altcoin at a low price of $0.03846 per coin, and users who buy it now can get a 50% bonus on their purchase. Further, holding the altcoin will result in perks like early access to all ETF listings on the network and exclusive trading opportunities. But there is more.
Conclusion
As the crypto industry awaits the pivotal change accompanying the upcoming US presidential elections, market experts have identified ETFSwap (ETFS) as the key to riding the coming bullish wave.
The market experts have also predicted that ETFSwap (ETFS) will surge in value by over 1,000% after the elections, giving all early investors tremendous yield on their investments. So what are you waiting for? Buy ETFS today before it surges after the US presidential elections.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
