DOGE on the verge of crash as whales dump millions to buy into ETFSwap
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
With Dogecoin’s price at risk, whales shift to ETFSwap, aiming for a projected 40,000% rally before the bull run.
Table of Contents
As experts speculate that the Dogecoin price may be on the verge of a crash, whales are seizing the opportunity to diversify their bags into other opportunities. The ETFSwap (ETFS) presale has been the leading choice of investment for crypto whales and other small investors ahead of a potential bull run. ETFSwap is seeing projections of up to a 40,000% price rally, so it makes sense for investors to get in on the presale and take advantage of the cheap entry.
Whales dive into the ETFSwap presale for a shot at 40,000% returns
ETFSwap is receiving attention from crypto whales due to its impressive market prospects as the launch draws nearer. Considering that DOGE is relatively overpriced, experts believe that ETFSwap could be the coin that will replicate the 2021 Dogecoin price rally.
ETFSwap is a new Ethereum-based platform that aims to deliver the global ETF market on the blockchain. This new platform will facilitate decentralized ETF trades and investment via tokenized ETFs. With the tokenized ETFs backed by actual securities, users on ETFSwap will be equipped for broader use cases on their assets.
Tokenizing ETFs on-chain allows for newer blockchain-enabled features that are not accessible to TradFi investors. With the new DeFi platform listing ETF assets from industries including healthcare, energy, technology, and more, investors will be able to easily diversify their portfolio. This model also allows for quick ETF-to-ETF and ETF-to-crypto swaps.
ETFSwap is able to manage this cross-value transfer via partnerships with MiCa-compliant investment banks that trade cryptocurrencies and ETF assets. More so, ETFSwap will provide access to real-time market data and advanced trading tools to take advantage of price trends on ETFs and cryptocurrencies.
Furthermore, ETFSwap has launched on Testnet, preparing the platform for its beta launch and undergoing thorough UI testing. The beta platform is expected to offer a first look into features, including swaps, staking, liquidity pools, the ETF price tracker, and more.
Also, the ETFSwap team has passed the KYC audit by SolidProof, satisfying background checks that further boost investors’ confidence in the new project.
Dogecoin price set on the verge of a crash, but investors see an escape
Despite the recent bullish movement on Dogecoin price, whales appear to be moving out to get in on other altcoin opportunities. Although recent Dogecoin price movements present a dynamic trading environment with the potential for both uptrends and downtrends, technical analysis suggests that the meme coin may be overbought.
Rising over 20% in the past week, analysts believe we could see a Dogecoin price correction in the coming weeks, and the long-term trend for DOGE will depend on the momentum of the potential downturn. Whales appear to be frontrunning these predictions for Dogecoin price to pivot their investment, as the price corrections on the meme coin show.
Dogecoin price as of this writing is $0.1694, showing a 45% price gain in the past month. The meme coin struggles to break resistance above $0.17, but experts predict that a breakout above the $0.17 level could see the Dogecoin price soar above its $0.2288 yearly high.
While Dogecoin price still presents some potential for an uptrend, whales are splitting their investment and making the smart decision of buying up ETFSwap (ETFS) on presale to hedge their positions on Dogecoin.
Conclusion
It makes sense for Dogecoin whales to move into ETFSwap as the new ETF project promises even higher returns than the meme coin. Expert predictions for ETFSwap suggest a potential 40,000% rise on the coin amid bullish narratives around real-world assets and ETFs.
Interested investors can get in early on the next breakout crypto as ETFSwap opens a bonus round at $0.05769 following the conclusion of the presale. Those that missed the presale, this is their last opportunity to get in at a discount.
To learn more about ETFS presale, visit the ETFSwap presale website or join the ETFSwap community.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
