The bull season is an important period in the crypto industry when several assets surge to new highs and investors make tremendous profits on their investments.
As we approach the next crypto bull run, several assets are bound to hit new highs, leaving early investors with the chance to multiply their investments by a large margin. In this light, several crypto assets have been identified by experts as having the potential to mint the next crypto millionaires in 2024.
According to our findings, three utility crypto tokens stand out from the rest. They are ETFSwap (ETFS), Toncoin (TON), and Cardano (ADA). Here's a brief look at each of these tokens and why experts are optimistic about their performance in the upcoming bull run.
ETFS to Make The Next Crypto Millionaires In 2024
ETFS is a crypto ETF trading platform that's reshaping ETF trading with the tokenization of assets. On the ETFS ecosystem, traders can trade tokenized ETFs, which will be a direct representation of their traditional counterpart on-chain.
Since they are on the blockchain, traders can do more with the tokenized ETFs on ETFS, like trading them with leverage and tapping into the network's fractional ownership feature.
Furthermore, the tokenized ETFs will be fully convertible to other crypto tokens, compared to traditional ETFs that can only be converted to fiats. ETFS makes this seamless switch between ETFs and cryptocurrencies possible by partnering with MiCa-regulated investment banks to handle trading securities and cryptocurrencies.
Also, the platform's native token, ETFS, will be instrumental in converting ETFs to cryptocurrencies and every other activity on the network. The utility crypto token will also grant users access to network governance through voting and allow them to earn passive income through staking.
ETFS is currently up for grabs at aセール価格 of $0.01831 per coin in its ongoing presale event. Interestingly, crypto whales are rushing to get a piece of this token now as its price will soon increase to $0.03846. When that happens, all who bought it now will have secured their chance of making an automatic profit as soon as the token increases in value.
Cardano on the Verge of BreakoutCardano is an open-sourced blockchain platform that facilitates peer-to-peer transactions with the help of its native token, ADA.
ADA, the utility crypto of the Cardano network, fell to a ten-month low of $0.2799 during the market-wide dip in August 2024. Investors who bought Cardano in March 2024 lost 60% during the dip.
However, a crypto analyst, Gambardello, has identified a potential short-term breakout for Cardano, giving those investors a glimmer of hope. According to Gambardello, key events, like the upcoming Chang Hard Fork upgrade scheduled for September 1, 2024, will catalyze the breakout.
Gambardello also highlighted that Cardano is testing a 50-day moving average; if the utility crypto breaks above that level, it will surge to the $0.43 mark. According to CoinGecko, Cardano trades at $0.382 and ranks 12th in the crypto market.
Toncoin Sees Increased Whale ActivityAccording to the on-chain intelligence platform IntoTheBlock, there has been an increase in large transactions involving Toncoin over the past month. The intelligence platform revealed that Toncoin transactions between $1 million and $10 million surged by 46%, while transactions above $10 million increased by 50%.
According to experts, all Toncoin indicators point to bullish momentum, with Toncoin reaching $7.52 if the buying pressure remains strong. However, a drop in momentum could send the price of the utility crypto down to $6.51. According to CoinGecko, Toncoin trades at $6.60 and ranks 9th in the crypto market.
ConclusionWhile experts have selected ETFS, Toncoin, and Cardano as the utility crypto tokens investors need to buy as we approach the next bull run, investors stand a better chance of profiting with ETFS. This is because ETFS promises all investors automatic profits on their investments.
But as a cherry on top, experts have speculated a 20,000% surge for the utility crypto ahead of the next bull run. So hurry and buy ETFS today to increase your chance of becoming a crypto millionaire in the next bull run.
For more information about the ETFS Presale:
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
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