According to a report by Coin World:
As the bull and bear markets vie for dominance, the cryptocurrency market remains volatile, forcing the prices of top assets, including Shiba Inu (SHIB) and Dogecoin (DOGE), to drop to multi-month lows. Recently, market experts conducted a detailed analysis of the charts for Dogecoin and Shiba Inu, providing short-term forecasts for the trajectories of these two tokens. Additionally, market experts speculate that the price of ETF tokens will soar to $5 during their ongoing presale event.
ETFSwap (ETFS) Competes to Reach $5 in Massive Presale
ETFSwap (ETFS) is a cryptocurrency ETF trading platform that is thriving in an ongoing presale, attracting the attention of market experts. In this presale, it offers its native token, ETFS, at a low price of $0.03846 per coin. Market experts are optimistic about ETFS, with one of the factors driving their positive sentiment being the features and functionalities of the ETFSwap (ETFS) ecosystem. ETFSwap (ETFS) provides a unique opportunity for everyone in the cryptocurrency community to trade tokenized exchange-traded funds (ETFs). Tokenized ETFs directly represent their traditional counterparts on the blockchain, allowing users to invest in various assets across multiple sectors, including precious metals, cryptocurrencies, and stocks. Furthermore, ETFSwap (ETFS) enables users to amplify their trading positions in the derivatives trading sector by over 50 times, leading to substantial gains. ETFSwap (ETFS) also features a Web3 marketplace equipped with advanced AI trading tools, which will assist traders in making informed decisions when trading tokenized ETFs.
Additionally, as a decentralized platform, ETFSwap (ETFS) does not require new users to undergo “Know Your Customer” verification upon registration, allowing them to start trading within minutes. The ETFSwap (ETFS) team has recently passed verification by SolidProof, a smart contract security auditing company based in Germany, enhancing the platform’s credibility. Market experts are also impressed with the native token ETFS, which is designed as a deflationary token. As a deflationary asset, the total supply of ETFS will continue to shrink, enabling it to remain relevant in a competitive market. ETFS also supports the ETFSwap (ETFS) network, granting all ETFS holders access to its full range of features, including trading tokenized ETFs. ETFSwap (ETFS) will also provide token holders with voting rights for network governance and opportunities to earn passive income through staking. In addition, token holders will receive exclusive trading opportunities, bonuses, and early access to all new ETF listings on the platform. Interestingly, ETFSwap (ETFS) plans to launch its ETF sometime in 2025, but before that, it will roll out the beta version of its platform in less than 30 days.
Shiba Inu (SHIB) and Dogecoin (DOGE) Remain Bearish
According to market experts analyzing the Dogecoin (DOGE) chart, the meme coin’s trading is far from key resistance and support levels, indicating weakened activity from both bears and bulls. If this situation persists, Dogecoin (DOGE) may eventually consolidate around the $0.99 mark. However, the Dogecoin chart also indicates low trading volume, suggesting indecision among buyers and sellers. Therefore, it may transition into a consolidation phase, settling between $0.10 and $0.1050 before the end of September 2024.
Similar to Dogecoin, the analysis of Shiba Inu indicates that SHIB has fallen to a support level of $0.00001319 and may soon experience further declines. Furthermore, market experts speculate that Shiba Inu (SHIB) might consolidate within the range of $0.000013 to $0.000014. Additionally, if sellers gain complete control over Shiba Inu, the token could fall to the $0.000012 level. According to CoinGecko, Shiba Inu (SHIB) is currently trading at approximately $0.00001314, ranking 16th in the cryptocurrency market. Meanwhile, Dogecoin ranks 9th in the cryptocurrency market.
Conclusion
While Shiba Inu and Dogecoin continue to struggle against bearish trends, market experts remain optimistic that ETFSwap (ETFS) will soon soar to the $5 mark. At that time, all early investors who purchase now will realize a 300x return on their investments. This opportunity is too good to miss, so do not delay. Buy ETF now.
For more information about the ETFS presale:
Visit the ETFSwap presale
Join the ETFSwap community
