The DOGE price is witnessing a massive rally, surging almost 150% in the last seven days. Amid this DOGE price surge, Dogecoin influencer Mishaboar has given a critical warning to market participants about how they should invest. Meanwhile, there is a need to discuss ETFSwap’s (ETFS) potential, seeing how it is set to revolutionize exchange-traded fund (ETF) trading.
Dogecoin Influencer Warns Community Amid DOGE Price Surge
In an X post, Dogecoin influencer Mishaboard offered advice to newbies buying DOGE for the first time. He told them to only invest in Dogecoin the amount which they can afford to lose. He remarked that the DOGE price can still be extremely volatile, which might be “nerve-wracking.”
Secondly, the Dogecoin influencer told these newbies to avoid leverage and derivatives. He stated that the DOGE price was already volatile enough. As such, he believes the Dogecoin influencer believes there is no need to long or short the DOGE price to make extra gains.
The Dogecoin influencer also told these investors to learn self-custody and avoid holding significant amounts of crypto on exchanges. Lastly, the influencer told these Dogecoin investors not to put all their eggs in one basket even as the DOGE price surges. This means avoiding putting all their crypto on one exchange or self-custodial wallet.
Investors Might Also Want To Consider ETFSwap (ETFS)
Amid the DOGE price surge, Investors might also want to consider the ETFSwap (ETFS) token as they look to avoid putting their eggs in one basket. Given its role in the ETFSwap ecosystem, the token boasts unique use cases. Investors looking to invest in the tokenized exchange-traded funds (ETFs) on the platform will need the token, which they will swap for their desired asset.
The ETFSwap (ETFS) token also provides access to crypto assets on the decentralized finance (DeFi) platform. The ETFSwap team has collaborated with MiCA-regulated investment banks to offer securities and crypto trading. Meanwhile, the platform offers several other commodities investors can invest in using ETFS.
Furthermore, ETFSwap (ETFS) is the key to unlocking other money-making opportunities on the ETFSwap platform. Token holders will be the first to access exclusive opportunities like the platform’s ETF, which will launch next year. Holders can also make passive income by staking their tokens and earning up to 78% annual percentage yield (APY).
The platform’s staking feature also extends to the tokenized ETFs, which can provide investors up to 78% APY on their staked assets. ETFSwap (ETFS) holders can also earn passive income by providing liquidity to liquidity pools on ETFSwap. Liquidity providers earn up to 30% of the fees from token swaps.
Furthermore, token holders are eligible for monthly airdrops from the ETFS rewards pool. They possess governance rights that allow them to participate in the decision-making on ETFSwap. That way, they can easily influence decisions that positively impact their investments on the platform.
Meanwhile, it is also worth highlighting ETFSwap’s (ETFS) tokenomics. The token’s total supply is 1 billion, and many of these coins won’t be released upon launch. This could help minimize any selling pressure a token typically faces upon launch. The ETFSwap team has also vested their allocation for five years, which could contribute to the token’s long-term success.
ETFSwap (ETFS) is also deflationary, as its circulating supply will continue to reduce over time. The ETFSwap platform will implement a buyback and burn mechanism, with some of the transaction fees earned used to buy ETFS tokens and burn them. The deflationary mechanism is positive for the price of ETFSwap (ETFS), as its value could rise as more tokens are burnt.
Conclusion
Investors do not have to wait until ETFSwap (ETFS) launches to position themselves in the token, as its presale bonus round is ongoing. ETFS is selling at an affordable price of $0.05769. However, those who have yet to invest must hurry, as the ETFSwap (ETFS) presale bonus round is halfway done and could end anytime from now.
For More Information On ETFSwap and its presale:
Visit ETFSwap Presale
Join The ETFSwap Community