The recent developments in the Shiba Inu ecosystem have made the meme coin a center of attraction in the crypto market. However, a Dogecoin analyst urges investors to shift their focus to an Ethereum-based token, ETFSwap (ETFS), as he believes it holds more potential to make the next crypto millionaires. This article discusses briefly the developments on Shiba Inu and the reason for the Dogecoin analyst sentiment on ETFSwap (ETFS).
Shiba Inu Burn Rate Skyrockets
Dog-themed meme coin Shiba Inu (SHIB) experienced a 38,199,412% surge in its burn rate, as reported on the Shibburn X (formerly Twitter) page on August 11, 2024. According to the report, over 39 million Shiba Inu tokens were burnt in just 24 hours.
After the token burn, Shiba Inu surged to a daily high of $0.00001468, indicating the positive effect the burning exercise had on the meme coin. However, Shiba Inu shed some of its gains shortly after, failing to sustain the momentum. This could be why the Dogecoin analyst suggests a focus shift to ETFSwap (ETFS) for investors.
The Dogecoin analyst is also undoubtedly aware of the $0.00001000 crucial support level that Shiba Inu must fight against to prevent a further drop in value. According to CoinGecko, Shiba Inu currently trades at $0.00001366, representing an over 80% decline from its all-time high.
ETFSwap (ETFS), 21,000% Surge Makes It The Next Big Thing In DeFi
ETFSwap (ETFS) is an Ethereum-based crypto platform that introduces the unique option of trading tokenized exchange-traded funds (ETFs) on the blockchain. As a tokenized product, the tokenized ETFs make it possible for crypto community members to invest in all types of ETFs, which include commodities and stocks, at an affordable price.
One reason the Dogecoin analyst is optimistic about ETFSwap (ETFS) is its sleek features, which help crypto experts and newbies get the best trading experience. An example of such features is the comprehensive Web3 marketplace with an easy-to-use API where traders will trade tokenized ETFs.
Further, the Dogecoin analyst knows of the AI-powered trading tools, which will help traders make well-informed decisions when trading tokenized ETFs. Unlike traditional ETFs, the tokenized ETFs on the ETFSwap (ETFS) platform will be fully convertible to other cryptocurrencies, all thanks to its seamless swapping features.
However, to convert the tokenized ETFs to other tokens, users must hold the platform’s native token ETFS, which will be instrumental in all the activities carried out on the network. Also, only users with ETFS can trade tokenized ETFs, but holding the token will bring benefits like discounts, exclusive access to trading strategies, voting rights, and early access to all new ETF listings on the platform.
Therefore, ETFSwap (ETFS) is currently offering the token to everyone at a low price of $0.01831 in its ongoing presale event. All who buy the token at this price will make a profit when the token price automatically increases to $0.03846 in the next round. The Dogecoin analyst is undoubtedly impressed at the yield-generating opportunities on the ETFSwap (ETFS) platform, propelling him to urge investors to buy ETFS now.
Conclusion
While Shiba Inu (SHIB) still battles with market volatility despite a significant surge in its burn rate, the Dogecoin analyst has predicted that ETFSwap (ETFS) will surge by 21,000% amidst presale. A 21,000% surge in the token value will undoubtedly result in over 300x profit for all early investors.
A 300x profit is something no investor wants to miss, so several investors are following the Dogecoin analyst call by buying ETFS now. Further, all who buy ETFS now can use the promo code ETFS50 to get a 50% bonus on their purchase. So what are you waiting for? Hurry now and buy ETFS today!
For more information about the ETFS Presale:
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.
