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HomeCryptocurrenciesData Tracker Santiment Reveals That These Altcoins Have Been Well-Received With Spot...

Data Tracker Santiment Reveals That These Altcoins Have Been Well-Received With Spot Ethereum ETFs

Santiment recently highlighted Chainlink (LINK) among altcoins that have performed well, with ETFSwap (ETFS) leading the list.

ETFSwap (ETFS) is one of the altcoins that has made significant gains following the approval of the Spot Ethereum ETFs. Its upward trend has been thanks to the utility token being poised to benefit from the approval of these funds. Meanwhile, the on-chain analytics platform Santiment highlighted Chainlink (LINK) as another of the top altcoins ahead of the crypto pack. 

ETFSwap (ETFS) Leading Spot Ethereum ETFs Sentiment

ETFSwap (ETFS) has outperformed the broader crypto market and leading altcoins this past week, especially since the SEC approved the Spot Ethereum ETFs. The crypto token’s (ETFS) value is believed to have skyrocketed because it is closely associated with the Ethereum (ETH) ecosystem and is one of the few ERC-20 tokens with enough room to run. 

ETFS is the native token of ETFSwap, a decentralized investment platform built on the Ethereum network. Interestingly, the platform will be home to the Spot Ethereum ETFs when they begin trading, given that ETFSwap tokenizes and enables exchange-traded funds (ETFs) like the Spot Ethereum ETFs.

The platform’s innovative features are bound to attract millions of users, including those from the traditional finance (TradFi) world. Thanks to its decentralized nature, these users will have more control over how they invest. For one, the platform guarantees the privacy of every user, meaning that investors can trade while rest assured that no one (not even the platform) is aware of who is carrying out the trades. 

This is achieved thanks to the zero-knowledge (ZK) proof technology implemented on the ETFSwap (ETFS) platform. This allows users to prove that they are humans without providing any further information. In safeguarding users’ privacy, ETFSwap (ETFS) has also decided that Know-Your-Customer (KYC) requirements are non-mandatory. 

Besides allowing users to trade anonymously, ETFSwap (ETFS) also ensures that these investors trade in a secure and transparent environment with the aid of blockchain technology. Being built on the Ethereum (ETH) network means that ETFSwap can provide its users with unparalleled security and versatility in the decentralized finance (DeFi) world. 

ETFSwap (ETFS) also provides its users unmatched liquidity thanks to the amount of money concentrated in the Ethereum (ETH) ecosystem. This liquidity ensures that ETFSwap (ETFS) users can settle and redeem their trades anytime with minimal slippage. 

ETFSwap (ETFS) also provides a cost-efficient way to invest in these traditional assets since it eliminates the need for third-party intermediaries like brokers. There are also no hidden charges on the blockchain, so users can be assured that they aren’t being ripped off. The platform also provides its users with real-time data and analytics so investors won’t feel the absence of brokers or financial advisors. 

Chainlink (LINK) Tops Altcoins On A Roll

Santiment revealed Chainlink (LINK) is one of the main altcoins that has been flying high at the moment in light of the Spot Ethereum ETFs approval, with the crypto token hitting a six-week high of $17.50. The on-chain analytics platform also noted that most Chainlink (LINK) wallets are currently in profit, as on-chain data shows that the number of transactions at a higher price than when they were obtained is at a ratio of 11:1. 

The Chainlink (LINK) rise isn’t surprising, seeing the significant partnerships it has recently secured. Chainlink (LINK) recently gave a recap of how it has onboarded notable financial institutions like Swift, Paxos, PayPal, Ark Invest, and 21Shares on-chain, mainly using Chainlink’s Cross-Chain Interoperability Protocol (CCIP)

Conclusion

The success of altcoins such as ETFSwap (ETFS) and Chainlink (LINK) further highlight how Real World Assets (RWA) crypto projects are the leaders in this bull run amid the positive sentiment sparked by Spot Ethereum ETFs. Meanwhile, it is worth mentioning that crypto investors are moving towards ETFSwap (ETFS), given how oversold Chainlink (LINK) looks at its current price levels. 

You can also be like these investors and accumulate ETFSwap (ETFS) in stage 1 of its ongoing presale. Currently selling for $0.00854, the ETFS token is undoubtedly still undervalued and should make more fiery moves to the upside, especially with its deflationary status. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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