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Press Release

Bitcoin Miners Suffer Sharp Drop In Revenue, ETF Investors Enjoy New Liquidity

Author

Jay Solano

Tags

Tags Editor's Choice / Slider Posts

Reading time

3 mins
Last update

Author

Jay Solano

Tags

Editor's Choice / Slider Posts

Reading time

3 mins
Last update

Author

Jay Solano

Tags

Editor's Choice, Slider Posts

Reading time

3 mins
Last update

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Bitcoin miners are facing a significant drop in earnings, which is indicative of the changing nature of the cryptocurrency market. At the same time, exchange-traded fund (ETF) investors are experiencing an increase in liquidity thanks to ETFSWap (ETFS) providing new ways for investors to interact with digital assets.

Bitcoin Miners’ Profitability In Focus As BTC Struggles

After the halving event, Bitcoin miners revenue fell to all-time lows, sparking questions about the network’s security and miners’ capacity to make money. The amount of money made from mining Bitcoin (BTC) each day has dropped significantly, from an average of almost $6 million in early 2024 to less than $3 million currently with the decline in question transpiring subsequent to the Bitcoin (BTC) halving that took place on April 20, 2024. 

This event lowered the block reward from 6.25 BTC to 3.125 BTC, thereby halving the Bitcoin miners’ block reward income in effect. The euphoria was short-lived despite a small spike in transaction costs on April 20th, when the launch of a new token standard named Runes protocol caused the daily transaction fees to reach an all-time high of $78.3 million.

In order to stay lucrative, miners have had to reconsider their tactics due to the decrease in mining incentives. To save operating costs, many have resorted to replacing their outdated equipment with more energy-efficient alternatives. Due to this, investors have shifted to more lucrative businesses, such as ETFSWap (ETFS). 

ETFSwap (ETFS) Excels In The Face Of Bitcoin’s (BTC) Decline

In contrast to Bitcoin (BTC), ETFSwap (ETFS), a decentralized finance (DeFi) platform, is presently experiencing its greatest period of growth, as the value of the cryptocurrency token has recently increased drastically. The massive buy orders that were registered in stage 1 of the ongoing presale for the cryptocurrency token are said to have contributed to this run in part.

As a result, there is now a lot more buying pressure on the ETFSwap (ETFS) token, driving up its value. More cryptocurrency investors have shifted their money into the token presale as a result of the crypto token’s resilience in the face of market declines; over 70 million ETFSwap (ETFS) tokens have been sold to date.

Remarkably, ETFSwap’s (ETFS) growth appears unlikely to stop anytime soon, with analysts predicting that it will reach $20. That indicates a 4000x increase from the token’s current price of $0.00854, which clarifies why these cryptocurrency enthusiasts are so enthusiastic about purchasing it. Since no other cryptocurrency token has demonstrated the ability to soar to such heights, ETFSwap (ETFS) stands a good chance of being the most lucrative crypto asset of 2024 as a result of this price increase.

Exchange-traded funds (ETFs) that are tokenized and made available for on-chain trading are traded using ETFS, the native token of ETFSwap (ETFS). The fact that ETFSwap (ETFS) has competed with this year’s top-performing crypto assets since its inception earlier this year shows that the token will eventually take the lead in the market when it achieves its full potential.

It is also important to note that, as the cryptocurrency community pays more attention to projects centered around Real World Assets (RWA), the story is beginning to change in favor of ETFSwap (ETFS). The platform is already booming, and a number of analysts have predicted that holders of RWA cryptocurrency tokens will benefit from it massively. As holders of cryptocurrency place themselves ahead of the run, more liquidity is anticipated to pour into the token.

Fortunately, stage 1 of the ETFSwap (ETFS) presale is still open, so individuals who haven’t positioned themselves appropriately can still do so. The current price of each token is $0.00854, but after stage 2 of the presale starts, it is anticipated that the price will quadruple. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community