The post ETFSwap Offers a Promising Alternative appeared on BitcoinEthereumNews.com.

The meme coin sector seems to have been hit hard by the few market corrections, with the price of popular meme coin Shiba Inu (SHIB) crashing; however, investors are confident in the ETFSwap (ETFS) token’s potential for tremendous growth.  Shiba Inu Price Crash Increases Demand For Utility Assets  Shiba Inu has suffered the most challenge among meme coins in the past month, and the chart remains a cause for worry, especially as the Shiba Inu price continues to go down by almost 22%. The majority of Shiba Inu investors are currently disgruntled, with 65% consistently losing money on their investment as the Shiba Inu price trades in the red. A bleak outlook is observed for Shiba Inu because large investors are not accumulating or distributing SHIB tokens. Additionally, whale activity and interest are low, as seen in the reduced number of large transactions, which is down 11% in the past day. Shiba Inu’s overall network growth is down 0.19%, which serves as a momentum signal indicating a very bearish sentiment. The current trading price of the Shiba Inu across major exchanges is $0.000013.  Meanwhile, some wishful thinking among a few investors predicts Shiba Inu will hit $1. However, for that to happen, the meme coin must rally by 76,276 times, or 7,627,665%, to hit a $1 target. A more accurate projection puts the meme coin’s minimum and maximum trading prices at $0.00002941 and $0.00003360, respectively. ETFSwap (ETFS) Provides A More Rewarding Alternative For Investors  The ETFSwap (ETFS) platform is home to the top crypto ETFs, namely spot Bitcoin and spot Ethereum, as well as the most profitable institutional ETFs that are tokenized and made accessible to crypto investors.  Unlike meme coins with a fleeting value, the DeFi platform’s native ETFS token is pegged to the value of every real-world asset…

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Filed under: News - @ August 23, 2024 1:23 pm