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Analyst Predicts Dogecoin Price Rally To $6.9, But This $0.01831 Ethereum Token Will Get There First

Bitcoinist
by Bitcoinist
Last Updated: August 24, 2024 11:40 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto analyst Master Kenobi recently provided a market analysis of the foremost meme coin, Dogecoin (DOGE). As part of his analysis, the analyst predicted that Dogecoin could eventually rise to $6.9. However, based on his timeline, ETFSwap (ETFS) will reach that price before Dogecoin.

Dogecoin Could Reach $6.9 In 2025

In an X (formerly Twitter) post, Kenobi shared a chart which showed that Dogecoin (DOGE) can reach $6.9 in 2025. The analyst alluded to how Dogecoin has been cutting a zero every four years to prove why the foremost meme coin can reach this price level. He added that this bull run is likely the last time market participants will see a zero after the comma in Dogecoin’s price.

However, based on Kenobi’s theory, Dogecoin (DOGE) isn’t meant to delete the last zero in its price until sometime after 2026, considering it already deleted a zero in this market cycle following its rise above $0.10. As such, there is the possibility that Dogecoin won’t hit $6.9 until after this market cycle, which is expected to peak next year.

ETFSwap (ETFS) Will Reach $6.9 In This Market Cycle

While there remains uncertainty about whether Dogecoin (DOGE) will reach $6.9 in this market cycle, ETFSwap (ETFS) has emerged as an Ethereum token that is sure to hit this price mark and even surpass it in this market cycle. ETFS will hit this price target thanks to the fantastic offerings in the ETFSwap ecosystem, leading to a massive demand for the Ethereum token.

ETFSwap (ETFS) is making exchange-traded fund (ETF) trading easier and more cost-effective. Investors and traders can easily swap the Ethereum token for the tokenized ETFs on the decentralized investment platform. Meanwhile, investing in and trading these traditional assets on the decentralized finance (DeFi) platform is cheaper since the blockchain has no hidden costs.

Holding the Ethereum token also ensures investors enjoy reduced costs when investing on the platform. Furthermore, ETFSwap offers 24/7 market coverage, as investors can buy, sell, and trade these ETFs anytime. The trading platform is a market maker, so users can rest assured that their trades will be settled instantly and with minimal slippage.

The ETFSwap platform is changing the narrative and stacking the odds in favor of investors and traders. For instance, the platform has advanced artificial intelligence (AI) trading tools, ensuring that traders execute more successful trades. These tools, ETF Screener and ETF Tracker perform predictive analysis and provide insights into a trade’s likely outcome. They also offer the best ETF recommendations based on their analysis of several market data.

Additionally, ETFSwap boasts an automatic rebalancing feature that always aligns investors’ portfolios with their risk appetite and investment goals. This ensures that investors suffer minimal loss if an investment goes wrong. Investors and traders can hedge against potential losses using ETFSwap’s leverage trading service, which offers up to 50x leverage on any perpetual trade.

Holding the platform’s native token, ETFS also offers added benefits. For example, holders of the Ethereum token enjoy exclusive access to specific investment opportunities on the platform, including ETFSwap’s ETF, which is set to launch in 2025. Token holders also earn passive income through staking, liquidity provision, and monthly airdrops.

ETFSwap (ETFS) also has a bullish outlook thanks to its team, which is well-known for its proven track record and successes in the crypto space. The team has undergone an extensive verification process and is certified by the audit firm SolidProof.

Conclusion

ETFSwap’s rise to $6.9 from its current price of $0.01831 represents a 37,584.33% price gain, meaning that investors could enjoy over 376x returns on their investment in the Ethereum token. This undoubtedly makes ETFSwap (ETFS) a better investment than Dogecoin since the foremost meme coin cannot give investors such returns even if it eventually rises to $6.9.

For more information about the ETFS Crypto Presale: 

Visit ETFSwap Presale

Join The ETFSwap Community

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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