With Dogecoin’s price facing a potential crash, whales are flocking to ETFSwap for its 40,000% growth potential ahead of a bull run.
Crypto whales are flocking to ETFSwap (ETFS) ahead of a potential bull run, as they diversify their bags away from Dogecoin (DOGE) amid speculation that the meme coin's price may be set for a crash.
According to the latest analysis, while Dogecoin's recent price movements present a dynamic trading environment with the potential for both uptrends and downtrends, technical analysis suggests that DOGE 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.
As Dogecoin's recent bullish movement stalls, and with the meme coin being overbought, investors are presented with an opportunity to pivot their investment into other altcoins that are still presenting bullish narratives.
One of the leading presales in the market right now is ETFSwap (ETFS), which has been attracting attention from crypto whales and small investors alike for its projections of up to 40,000% price rally. With the new ETF project promising even higher returns than DOGE, it makes sense for Dogecoin whales to be pivoting into ETFSwap.
ETFS is the native token of ETFSwap, 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.
The new DeFi platform will be listing ETF assets from industries including healthcare, energy, technology, and more, allowing investors to easily diversify their portfolio. This model also allows for quick ETF-to-ETF and ETF-to-crypto swaps.
ETFS 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.
To learn more about the ETFS Presale, visit the ETFSwap presale and join the ETFSwap community.
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