Altcoins
Pundit reveals the top 4 altcoins to watch this week
The cryptocurrency market has seen a surge in activity over the past week, with several major altcoins seeing significant price increases. Capitalizing on this momentum, a cryptocurrency expert has revealed the top 4 altcoins to watch this week: Toncoin (TON), Cardano (ADA), Binance Coin (BNB), and ETFSwap (ETFS).
ETFSwap (ETFS) becomes one of the best altcoins to buy according to experts
At the top of the experts’ list of altcoins is ETFSwap (ETFS), a blockchain platform that leverages smart contract capabilities and asset tokenization to bridge the gap between decentralized and centralized finance by tokenizing Exchange Traded Funds (ETFs). The tokenized ETFs will directly represent traditional ETFs on the blockchain and will be accessible to traders on a comprehensive Web3 marketplace with 24/7 liquidity.
The ETFswap (ETFS) marketplace will also feature real-time blockchain data, allowing traders to track the progress of the different asset classes available on ETFs before making investment decisions. Additionally, users can get up to 50x leverage on perpetual futures and options trading with the platform’s leverage structure.
Investors on the ETFswap (ETFS) platform can also be assured of the safety of their investment Cyberscope, a blockchain security company, has carefully vetted its smart contract. After the audit, they found no underlying conditions that could make the platform vulnerable to cyber attacks.
At the heart of the ETFSwap (ETFS) ecosystem is its native token, ETFS, which will grant users access to tokenized ETF trading and all other features of its ecosystem. Owning this token will also allow them to gain the right to vote to influence decisions made regarding updates and all changes on the network.
Toncoin (TON): Riding a bullish wave
Toncoin (TON) has also emerged as one of Pundit’s top 4 altcoins to keep on your radar this week due to the token’s strong performance last week. The Telegram-based token began its bull run on June 2, with an 8.6% rise that pushed Toncoin (TON) above the $6.80 mark for the first time in three weeks.
Toncoin (TON)’s momentum continued, culminating a new all-time high of $7.65 on June 5, surpassing the previous ATH set in April. Although Toncoin (TON) underwent a slight price correction in the following days, it ended the week in the green, with a gain of 1.52% over the past month, bringing its current price to $6.99.
Cardano (ADA): Faces resistance but has recovery potential
Cardano (ADA) has faced a difficult week from a price perspective, struggling to break free from its consolidation range of around $0.40. A brief recovery occurred on June 7 when the price of Bitcoin (BTC) increased, allowing Cardano (ADA) to retest the important psychological threshold of $0.49.
However, this momentum was short-lived, as profit-taking pushed Cardano (ADA) lower, with a weekly loss of 3%. While the price of Cardano (ADA) is not encouraging right now, a renewed influx of buying from both individual and institutional investors could trigger a price recovery and potentially lead to a surge. Capitalizing on this trend, Pundit revealed that investors should keep Cardano (ADA) on their radar.
Binance Coin (BNB): Reaches All-Time High Despite Regulatory Hurdles
Binance Coin (BNB) has reached an all-time high of $700, surpassing its previous record. This increase in the price of Binance Coin (BNB) comes despite regulatory pressures faced by Binance over the past two years, including bans in several countries and a $4.6 billion legal settlement with US authorities.
THE recent price increase by 21% from June 1 to 5, reaching $715 before falling to $697, helped push Binance Coin’s (BNB) market capitalization past $100 billion, ranking it fourth behind Bitcoin, Ethereum and USDT. With the recent surge in the price of Binance Coin (BNB), it’s no wonder the token is among the altcoins Pundit revealed investors are keeping on your radar this week.
Conclusion: The 4 best altcoins according to experts to keep on your radar this week
ETFSwap (ETFS) is positioned as a high-growth altcoin compared to Toncoin (TON), Cardano (ADA) and Binance Coin (BNB). This statement is based on the current price of its native token, ETFS, at $0.01831. As the platform progresses through its stages, the price is expected to increase by 200%, with the next stage offering a higher price of $0.03846. Since experts predict that the price will exceed $4, it offers the opportunity to achieve a return on investment of more than 100 times.
For more information on ETFS presale:
Visit the ETFSwap presale
Join the ETFSwap community
Read also: Small-Cap Altcoins Signal the Dawn of a New Bull Market: What LBank Co-Founder Says