Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
After a choppy period last week, ETFSwap (ETFS), a $0.03846 SHIB rival token, is starting to gain stronger momentum, rising in parallel with the wider market. Shiba Inu price is also putting on a brave face to stay above $0.00001664, while Dogecoin price stalls as open interest drops significantly.
Shiba Inu Price Looks Prime For Reversal As Dogecoin DOGE Continues To Consolidate
The Shiba Inu price has managed to stay above the 100-day EMA, currently at $0.00001664. With the Shiba Inu price presently at $0.00001697, the token is set to launch a comeback and test new highs. Should the Shiba Inu price stay confidently above this level, it would build bigger momentum. This may cause the Shiba Inu price test to have higher levels. $0.00001900 seems to be the direction in which the Shiba Inu price is headed. Market experts say Shiba Inu price may attempt a 3x rise if it stays at this support level.
ETFSwap (ETFS) Adds To Its Growing Momentum
ETFSwap (ETFS), a Shiba Inu (SHIB) rival token, is also taking advantage of the market upswing to gain extra momentum. Unlike Dogecoin price stalling or Shiba Inu (SHIB), which is seeking price reversal after a strong decline, the ETFSwap (ETFS) token is gaining extra momentum as it looks to debut in the crypto market with a list price of $5 despite trading at $0.03486 in its ongoing presale. Before this fresh boost, the upcoming debut of the ETFSwap (ETFS) DeFi trading platform has been driving the hype of its native token, causing it to raise close to $5 million in its ongoing presale, which started a few weeks ago. This DeFi platform offers access to commodity ETFs, like corn, oil, and gold, on the blockchain without physically managing these assets as these assets are tokenized. The platform also tokenizes fixed-income ETFs such as bonds, treasuries, and the like, with little volatility yet stable returns.
The DeFi platform allows these varied forms of traditional ETFs to be long and short through its perpetual trading system. With perpetual trading options, users can get up to 50x profits. With the Beta version of the platform set to be launched soon, the hype surrounding the DeFi platform is at an all-time high. Experts say the AI trading tools of the ETFSwap (ETFS) platform would be one of its best-selling features and will draw more users. These AI tools are carefully built to track the ETF market, provide traders with the latest listings, and provide predictive analysis. In a few days, the Beta platform will launch, allowing registered users to start enjoying its benefits.
Simultaneously, the native token of the ETFSwap platform is close to its listing. Already in the final stage of presale, the ETF token is on a strong, bullish run. After the ETFSwap (ETFS) ecosystem was audited and certified reliable by CyberScope, an industry-recognized security company, confidence among crypto investors grew. And coupled with the growth in the wider market, the ETF token saw an uptick of over 70% as its presale sales hit $800,000 from $500,000 8 days ago. With the final presale of the ETFS token about to end soon, the market is anticipating its listing, which is set to bring about 150x gains. Added to this are passive income opportunities of this SHIB rival token. The ETF token allows investors to get up to 36% from the staking pool and up to 87% from the APR yield.
Dogecoin Price Stalls Amidst Possible Decline
Dogecoin price has stalled over the past few days. According to market analysts, the drop in open interest affected Dogecoin price, causing a 2% decline in the last 24 hours. Recent data from Santiment shows why Dogecoin price is static. According to the data, the amount of Dogecoin (DOGE) futures contracts went down by $458 million. A continuous decline in open interest could see Dogecoin price enter into a bearish zone.
Conclusion
Market indicators show Dogecoin price is not only consolidated but may experience a drop. While Shiba Inu price gives hope of a 3x increase, its rival token promises a whopping 150x gain.
With the ETFSwap (ETFS) native token still in its presale stage, you can start buying to enjoy maximum gains when it rises from $0.03846 to $5.
For more information about the ETFS Presale:
Disclosure: This article is sponsored content, provided by a third party.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.