Crypto billionaire forecasts ETH surge, highlights key altcoins

Crypto billionaire predicts Ethereum will reach $4,500 before Spot Ethereum ETFs launch, highlighting ETFSwap, Ondo Finance, and Chainlink as key altcoins to leverage the surge.

Arthur Cheong, the founder and CEO of Defiance Capital, recently predicted that the ETH price will reach $4,500 even before the Spot Ethereum ETFs go live. In line with this, ETFSwap (ETFS), Ondo Finance (ONDO), and Chainlink (LINK) have emerged as three altcoins that crypto investors look to ahead of this significant price surge for Ethereum (ETH). These three altcoins have stood out because of how well they key into the narrative. 

ETFSwap tops altcoins poised to benefit from ETH surge 

ETFSwap is one of the major altcoins bound to make a run when the ETH price rallies to $4,500 because of how closely associated it is with the Ethereum ecosystem and the news of the Spot Ethereum ETFs. ETFS is the native token of ETFSwap, an investment platform built on the Ethereum network. 

ETFSwap tokenizes funds like the Spot Ethereum ETFs and makes them available for on-chain trading. Given the convenience the platform provides, it will become the go-to platform for investors to trade these traditional and crypto ETFs, such as Spot Ethereum ETFs. ETFS, being the platform’s native token, means that all inflows will pass through it, triggering high demand. 

Users must hold a certain amount of the ETFS tokens to access and invest in the tokenized funds on the investment platform. As an ERC-20 token, ETFSwap also stands out because it is deflationary. The ETFSwap team has already committed to sending a 1% buy tax to a burn wallet. This is even more bullish when one looks at ETFSwap’s tokenomics. The crypto token has a total supply of 1 billion. That means these token burns will significantly affect ETFSwap, especially given the demand the crypto token is set to enjoy. 

ETFSwap’s tokenomics is one reason crypto investors have remained ultra-bullish on the crypto token. These investors have accumulated over 100 million ETFSwap tokens in stage 1 of its ongoing presale. 

Ondo Finance, Chainlink gain attention 

Ondo Finance and Chainlink are other Ethereum-based altcoins currently attracting much attention. This puts them in an excellent position to rally significantly when the ETH price surges once Spot Ethereum ETFs begin trading. Interestingly, Ondo Finance and Chainlink rallied after the approval of the Spot Ethereum ETFs.

On its part, Ondo Finance has recorded a 36% price gain in the last seven days and is back above $1, currently trading at around $1.24. On-chain analytics platform Sentiment noted that Ondo Finance’s rise has also been due to rapid network growth, with non-empty Ondo Finance wallets growing by over 550% since February 26th. 

Meanwhile, Chainlink is one of the altcoins also flying high at the moment, having made a 6% price gain in the last seven days and could make further moves to the upside as the ETH price rallies to $4,500 due to the bullishness surrounding Spot Ethereum ETFs. Chainlink has become one of the most popular crypto projects in the Ethereum ecosystem thanks to how it continues to onboard traditional institutions on-chain. 

Currently trading at around $17.35, Chainlink is holding well above the $17 support level and simply needs a catalyst like the ETH price surge to push it close to $20. 

Conclusion 

ETFSwap, Ondo Finance, and Chainlink’s dominance in the Ethereum ecosystem highlights the success Real World Assets altcoins are enjoying in the crypto space at the moment amid the expectations surrounding Spot Ethereum ETFs.

Interestingly, this is just the beginning for these tokens, especially ETFSwap, which, being a new coin, has more than enough room to run to the upside. That is why buying ETFSwap at its current price of $0.00854 could be a good investment.

To learn more about the ETFS presale, visit ETFSwap presale, and join the ETFSwap community.