The crypto market continues to remain unstable as the bulls and bears battle for supremacy, forcing the price of top assets, including Shiba Inu (SHIB) and Dogecoin (DOGE), to multi-month lows. Recently, market experts, after a careful analysis of both Dogecoin and Shiba Inu charts, made a short-term prediction speculating the next trajectory of both tokens. Further, the market experts speculated a surge to $5 for an ETF token ETFSwap (ETFS) in its ongoing presale event. Let’s see their analysis.
ETFSwap (ETFS) Races To $5 Amidst Massive Presale Event
ETFSwap (ETFS), a crypto ETF trading platform, caught the eye of market experts as it continues to flourish in its ongoing presale. In this presale, it is offering its native token ETFS at a low price of $0.03846 per coin. The market experts are bullish on ETFS, and one factor fueling their optimistic sentiment is the features and functionalities of the ETFSwap (ETFS) ecosystem.
ETFSwap (ETFS) offers everyone in the crypto community the unique opportunity to trade tokenized exchange-traded funds (ETFs). The tokenized ETFs directly represent their traditional counterparts on the blockchain, enabling users to invest in various assets across multiple industries, including precious metals, cryptocurrencies, and stocks. Further, ETFSwap (ETFS) allows users to extend their trading position by over 50x on their derivative trading arm, resulting in a massive yield. ETFSwap (ETFS) also features a web3 marketplace equipped with advanced AI-powered trading tools, which will assist traders in making well-informed decisions when trading the tokenized ETFs.
Also, as a decentralized platform, ETFSwap (ETFS) will not require Know your Customer verification from new users when signing up, allowing them to start trading in minutes. The ETFSwap (ETFS) team was also recently verified by SolidProof, a smart contract security auditing firm based in Germany, adding to the platform’s credibility. The market experts are also impressed with the platform’s native token ETFS, which was designed as a deflationary token. As a deflationary token, ETFS total supply will continue to shrink, enabling it to remain relevant in a highly competitive market.
ETFS also powers the ETFSwap (ETFS) network, enabling all who hold it to access all its features, including trading tokenized ETFs. ETFSwap (ETFS) will also grant token holders voting rights to participate in network governance and an opportunity to earn passive income with staking. In addition, token holders will gain access to exclusive trading opportunities, bonuses, and early access to all new ETF listings on the platform. Interestingly, ETFSwap (ETFS) intends to launch its ETF sometime in 2025, but before then, it will launch a beta version of its platform in less than 30 days.
Shiba Inu (SHIB) And Dogecoin (DOGE) Remain Bearish
According to market experts’ analysis of Dogecoin (DOGE) charts, the meme coin is trading far from its key resistance and support levels, suggesting weak activity among bears and bulls. If this continues, Dogecoin (DOGE) could end up trading sideways into the $0.99 mark. However, the Dogecoin (DOGE) chart also indicates a low volume, suggesting indecision among buyers and sellers. Therefore, it could transition into a consolidation period, settling between $0.10-$0.1050 zone till the end of September 2024.
Like Dogecoin, an analysis of the Shiba Inu chart indicates that Shiba Inu (SHIB) has fallen to a support level of $0.00001319 and could soon see a further drop in value. Further, the market experts speculate that Shiba Inu (SHIB) could consolidate around the $0.000013-$0.000014 zone.
Furthermore, if sellers gain total control of Shiba Inu, the token could crash to the $0.000012 level. According to CoinGecko, Shiba Inu (SHIB) currently trades around $0.00001314 and ranks 16th in the crypto market. Also, Dogecoin exchanges hands around the $0.100 mark and ranks 9th in the crypto market.
Conclusion
While Shiba Inu and Dogecoin continue to battle a bearish trend, market experts are optimistic that ETFSwap (ETFS) will soon surge to the $5 mark. When that happens, all early investors who bought it now will have realized up to 300x yield on their investments. This opportunity is too good to miss, so do not delay. Buy ETFS today!
For more information about the ETFS Presale: