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Bitcoin (BTC) Whales Target ETFSwap (ETFS), Litecoin (LTC), and Kaspa (KAS) Ahead of US Presidential Elections

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2024-07-17 08:03:391097browse

Bitcoin whales are moving into alternative cryptocurrencies, driven by the fear of missing out (FOMO) on potential gains since the US presidential elections often coincide with bullish trends in the crypto market. The most notable beneficiaries of this Bitcoin whales' migration appear to be ETFSwap (ETFS), Litecoin (LTC), and Kaspa (KAS), as they've been attracting large-scale investors lately.

Bitcoin (BTC) Whales Target ETFSwap (ETFS), Litecoin (LTC), and Kaspa (KAS) Ahead of US Presidential Elections

The huge cryptocurrency market is about to usher in another bloody storm, and this storm At the center of this is the upcoming US presidential election.

According to on-chain data, Bitcoin majors are pouring into the altcoin market in large numbers, and what drives them to make this decision is the "fear of missing out" (FOMO) on potential gains. Since the U.S. presidential election often brings bullish trends in the cryptocurrency market, Bitcoin majors have been looking for cryptocurrency assets that can bring huge returns in a short period of time since the election news was announced.

With the favor of Bitcoin majors, altcoins such as ETFSwap (ETFS), Litecoin (LTC) and Casper (KAS) have stood out and attracted a large number of large investors in recent times.

Litecoin (LTC) stands out, the US presidential election will bring surprises

As one of the oldest cryptocurrencies, Litecoin (LTC) has been regarded by many cryptocurrency analysts as the successor of Bitcoin (BTC), Because it provides faster speeds and a larger supply of tokens. Among the world’s top 30 cryptocurrencies by market capitalization, Litecoin (LTC) has seen a surge in activity, even amid the pressure of an overall market downturn. Experts believe that Litecoin (LTC) may soon experience a bullish trend, especially as the recent halving event will have a positive impact on it.

The current market price of Litecoin (LTC) is $60.97. However, it could be targeting a new all-time high of $410 as the US presidential election approaches. It’s going to be a huge surge for the big Bitcoin players, but Litecoin (LTC) is also poised to gain momentum with its ongoing new collaborations.

ETFSwap (ETFS) has skyrocketed in popularity, and Bitcoin majors are rushing to buy it

Since the spot Ethereum ETF was approved in May 2024, ETFSwap (ETFS) has attracted the attention of Bitcoin majors. Since then, the ETFSwap platform and its native token ETFS have performed very well. The ETFSwap platform has nearly 15,000 registered users, and sales of its token ETFS have exceeded 300 million units.

This is because the ETFSwap (ETFS) platform is a place where you can invest and trade ETFs. As the ETF market is booming and gaining traction, ETFSwap (ETFS) has also attracted the attention of Bitcoin majors looking to invest in cryptocurrency projects with high returns.

Although there are existing ETF platforms, ETFSwap (ETFS) is the first platform to allow users to invest in physical ETFs (class assets) such as technology, healthcare, transportation and oil and gas using cryptocurrency and blockchain technology. This means investors can easily swap cryptocurrencies for tokenized ETFs.

These innovative solutions attract the attention of investors and traders. Since ETFSwap (ETFS) uses AI tools to provide trading assistance, a large number of traders have joined the platform. ETFSwap (ETFS) utilizes AI-powered ETF trackers and screeners to collect and analyze big data and provide investment recommendations in the form of predictions and sentiment analysis.

In addition to integrating AI, the ETFSwap (ETFS) platform is also a fully functional trading platform. It offers perpetual trading contracts with up to 50x leverage, and staking options with annualized returns of up to 36%. By holding its tokens, investors can also earn up to 87% APR and monthly airdrop rewards. In addition to the expected gains from the launch of ETFSwap (ETFS), these money-making opportunities are also why Bitcoin majors are accumulating ETFS tokens in large numbers ahead of the U.S. presidential election.

Casper (KAS) continues to attract tech-savvy institutional investors

Despite its low profile, Casper (KAS) has become a top choice among tech-savvy institutional investors with its BlockDag architecture as it solves traditional Scalability issues in blockchain. With Bitcoin majors keen on altcoins with strong product offerings, Casper (KAS) presents a good opportunity.

With the price of Casper (KAS) approaching all-time highs, analysts are confident it will break out to new all-time highs in the coming months. At press time, Casper (KAS) is trading at $0.16481, close to its all-time high

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