SHIB stays stable despite drop in activity; Underwater investors move to 5000x altcoin

October 24, 2024 at 11:59 pm

SHIB price remains stable despite decline in SHIB activity

The Shiba Inu price has remained stable despite the decline in SHIB activity. For now, the Shiba Inu price continues to range around $0.000018, still below the crucial support level of $0.000020. Despite the Shiba Inu price stability, the meme coin is still at risk of dropping due to SHIB’s declining activity.

Onchain data shows that investors aren’t focusing on SHIB like they are on other meme coins. A lack of interest among new investors paints a low picture for the Shiba Inu price, since increased adoption is what mainly leads to price rallies for coins like SHIB. The decline in SHIB activity means that the Shiba Inu price could still drop to as low as $0.000010. Considering this bearish outlook, underwater SHIB investors are currently focusing on coins that can help them recover their losses.

Underwater investors are moving to ETFSwap

SHIB’s underwater investors are turning their attention to the 5000x altcoin ETFSwap to help recoup their losses. Indeed, these investors stand to enjoy a 5000x return based on analysts’ predictions that the altcoin will witness a 500,000% price gain in this bull run from its current price of $0.03846.

This bullish outlook for the ETFSwap altcoin stems from the impressive demand in its ongoing presale with almost 34 millions tokens sold so far. Investors in the ongoing presale have been impressed by the utility which the ETFSwap ecosystem is set to introduce into the finance space.

ETFSwap will provide a more straightforward way for investors to invest in and trade exchange-traded funds by tokenizing them and enabling them to be traded on-chain. This makes it easier to invest in these assets since the blockchain can be accessed by anyone. Investors looking to invest in the tokenized ETFs on ETFSwap will simply need the ETFS altcoin.

They will swap the altcoin for their desired ETF. Investors will enjoy ample liquidity while investing and trading on ETFSwap thanks to the platform’s market-making services. It is worth mentioning that the platform is built on the Ethereum network, so users will also have access to the network’s unparralled liquidity.

ETFSwap’s decentralized nature means that investors will be able to invest in these ETFs from anywhere in the world without the limitations of the traditional financial systems. Users will also enjoy 24/7 market coverage as they can buy, sell, and trade these assets at any time. This feature helps investors to benefit from the market gains which these assets record after traditional trading hours.

The platform also boasts an ETF staking feature, which allows investors to stake their ETFs and enjoy up to 87% annual percentage yield (APY) on their staked assets. This staking feature also extends to crypto assets on the ETFSwap platform. Investors can stake the ETFS altcoin and get staking rewards.

This staking feature will be on full display once the ETFSwap beta platform launches. The beta platform already launched on the Ethereum testnet, indicating that a mainnet launch is around the corner. Investors will also be able to use the ETFSwap to invest in their desired ETFs once the beta platform goes live.

Conclusion

Like SHIB’s underwater investors, traders might be able to enjoy up to 5000x return when ETFSwap records its 500,000% price gain in this market cycle. However, users would need to hurry and buy the ETFSwap token in its ongoing presale.

To learn more about ETFSwap, visit the ETFSwap presale and 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.