Crypto analyst Mikybull Crypto recently drew the crypto community’s attention to a rare golden cross pattern that shows the Dogecoin price can rally to $7. However, the cheap Ethereum altcoin ETFSwap (ETFS) boasts unique utilities that will cause it to reach this target before the Dogecoin price.
Golden Cross Pattern Shows That Dogecoin Price Can Rally To $7
In an X post, Mikybull Crypto highlighted a golden cross that has appeared on DOGE’s chart, which could send the Dogecoin price to $7. The analyst’s accompanying chart showed that the Dogecoin price could reach this target sometime next year or in 2026.
In his post, Mikybull Crypto also highlighted how significant this golden cross is for the Dogecoin price. The analyst noted that the Dogecoin price rallied almost 7,000% in the last cycle after the golden cross appeared. A similar rally means that the Dogecoin price could even rally to as high as $28 from its current level.
The ETFSwap (ETFS) Token Will Get There First
The Ethereum altcoin ETFSwap (ETFS) will reach $7 before the Dogecoin price. As such, investors should be looking to position themselves in the altcoin as soon as it gets listed on the Uniswap decentralized exchange (DEX) on Friday, December 6, 2024.
This bullish outlook for this cheap Ethereum altcoin stems from its impressive utilities, giving it an edge over Dogecoin, which lacks any real-life utility. As the native token of the ETFSwap platform, investors will need the ETFS token to access the tokenized exchange-traded funds (ETFs) on the platform.
Investors will simply swap the ETFSwap (ETFS) token for their desired ETF. The Ethereum altcoin can also be used to access crypto assets and other commodities on the decentralized finance (DeFi) platform, including gold, silver, rubber, cotton, and crude oil, among others. The ETFS token is also the key to unlocking other unique features and exciting benefits on the platform.
For instance, investors will need the Ethereum altcoin to trade the ETF perpetual contracts on the decentralized trading platform. This trading feature enables investors to hedge against their investment in the underlying asset. The platform also offers up to 50x margin on traders’ initial capital when shorting or longing these ETFs.
Furthermore, the ETFSwap (ETFS) token is the key to accessing the platform’s staking feature. Investors can stake the tokenized ETFs and crypto assets on the platform and earn up to 87% annual percentage yield (APY) on their staked assets. This is just one of the several ways in which investors can make passive income on the ETFSwap platform.
Another way investors can make passive income on the ETFSwap (ETFS) platform is by using the Ethereum altcoin to provide liquidity on the DeFi platform. Liquidity providers can earn up to 30% of the fees from token swaps. Holders of the Ethereum altcoin are also eligible for monthly airdrops distributed from the ETFS rewards pool.
It is also worth mentioning that the ETFSwap (ETFS) token is deflationary. The ETFSwap team will implement a buyback and burn mechanism, in which some of the fees earned on the ETFSwap platform will be used to buy back ETFS coins and burn them. These token burns will lead to significant price surges and make the Ethereum altcoin more valuable over time.
Moreover, the ETFSwap (ETFS) team has committed to vesting their allocation for five years. Therefore, a significant amount of ETFS tokens won’t be unlocked upon listing, which would spark a massive price rally and cause it to reach this $7 target even before the Dogecoin price. The token’s circulating supply is 1 billion, so these moves will impact its price, especially with the demand it will enjoy thanks to ETFSwap’s offerings.
Conclusion
The ETFSwap (ETFS) token is set to launch on the Uniswap decentralized exchange (DEX) on Friday, December 6, 2024. There are also several other major exchange listings lined up for the Ethereum altcoin. Therefore, investors should look to position themselves for ETFSwap’s rally to $7 by buying the Ethereum altcoin as soon as it gets listed on these exchanges.
For More Information On ETFSwap And The Listings:
Visit ETFSwap
Join The ETFSwap Community
