The recent severe bearish trend that gripped the market has resulted in heavy losses for investors in the meme coin sector. This has thus caused investors of top meme coins like Shiba Inu and Dogecoin to shift their investment into ETFSwap (ETFS), which is providing a haven for investors. This article discusses why Dogecoin and Shiba Inu holders choose ETFSwap (ETFS) among the flurry of assets in the market.
ETFSwap (ETFS) Attracts Whales Amidst Presale
ETFSwap (ETFS) is a blockchain platform that creates a tokenized version of exchange-traded funds (ETFs) to make them more accessible to all in the crypto market. The tokenized ETFs will directly represent their traditional counterparts on-chain, making it possible for all portfolio-sized investors to invest in all types of assets, including precious metals and bonds.
Further, the tokenized ETFs on ETFSwap (ETFS) can be traded with up to 50x leverage, allowing traders to maximize their profits. In addition, ETFSwap (ETFS) will only partner with MiCa-regulated banks to handle the trading of cryptocurrencies and securities, protecting users and its ecosystem from fraud and regulatory issues.
Also, the ETFSwap team has been verified by Solidproof, a smart contract security audit firm, boosting the platform’s credibility as a secured investment space. At the heart of ETFSwap (ETFS) is its native token, ETFS, which will serve the purpose of utility and governance. Further, only users who hold a portion of ETFS can gain access to trade tokenized ETFs on the platform.
In addition, only users who purchase ETFS will gain other perks, such as early access to new ETF listings and bonuses. However, there is more, as only users who buy ETFS now at the platform’s ongoing presale event at a low price of $0.01831 will realize an automatic profit on their investments when the token price increases to $0.03846. This assurance of profit is undoubtedly the leading factor why whales are quickly jumping ship into ETFSwap (ETFS).
Shiba Inu Falls Below Crucial Support Level
Shiba Inu continues to feel the heat of the bearish wind permeating the crypto market, and the meme coin’s daily chart indicates that it has fallen below a crucial support level.
However, the marketwide slump is not the only factor pushing down the price of Shiba Inu, as on-chain tracker IntoTheBlock reported that Shiba Inu whales are jumping ship. According to IntoTheBlock, there was an over 32% decrease in Shiba Inu large holders.
Further, Shiba Inu’s open interest (OI) increased by over 3%, but its cumulative volume delta (CVD) plummeted by 2%, simultaneously suggesting a bearish sentiment for Shiba Inu. In addition, Shiba Inu RSI and CMF also point towards a dip in value. According to Coinmarketcap, Shiba Inu currently trades at $0.00001371 and ranks 13th in the crypto market.
Dogecoin (DOGE) Remains Bearish Despite Bullish Setup
Despite recent developments, Dogecoin has failed to garner enough bullish momentum, including a whale transfer involving over 100 million DOGE. After the transfer, Dogecoin trading volume surged by 25%.
However, the bullish optimism didn’t last as Dogecoin succumbed to the broader market’s bearish momentum. Also, the Dogecoin price failed to follow the bullish pattern formed on its charts, which suggests a 141% increase for the meme coin.
Instead, Dogecoin failed to cross the $0.108 resistance level, which is crucial for garnering significant momentum to rise to the $0.117 mark. Therefore, Dogecoin is now at risk of dipping to the $0.091 support level before recovering. According to Coinmarketcap, Dogecoin currently trades at $0.09 and ranks 9th in the crypto market.
Conclusion
Dogecoin and Shiba Inu (SHIB) investors are shifting their investments into ETFSwap (ETFS) as its promise of automatic yield will help them recover from the losses they incurred during the market dip.
However, experts have also speculated that ETFS will surge in value to $3, which will mean an over 300x profit for all early investors. So, like Dogecoin and Shiba Inu (SHIB), investors hurry and buy ETFS today without fail!
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