Altcoin
ETFSwap (ETFS) Breakout: Can It Outperform Dogecoin (DOGE) And Shiba Inu (SHIB) This Bull Cycle?
As the cryptocurrency market continues to experience rapid change, investors are on high alert to identify the next breakout star. Among the contenders in the current bull cycle, ETFSwap (ETFS) is gaining momentum with its distinctive DeFi platform above Dogecoin (DOGE) and Shiba Inu (SHIB), regardless of their established status in the crypto market.
ETFSwap (ETFS): A New Contender With Lucrative Opportunities In The Bull Cycle
Built on the ERC 20 standard, ETFSwap (ETFS) offers a unique platform that allows investors to diversify their portfolios through tokenized exchange-traded funds (ETFs). ETFSwap has successfully modified crypto investments by providing 24/7 access to real-world assets through real estate ETFs, commodity ETFs, fixed-income ETFs, inverse ETFs, commodity ETFs, and more.
To outperform Dogecoin (DOGE) and Shiba Inu (SHIB) in this bull cycle, ETFSwap (ETFS) aims to attract both retail and institutional investors with up to 87% APYs and its marginal capital trading features that allow investors to multiply their investments significantly. For example, investors on the ETFSwap platform looking to take advantage of the current bull cycle can expand their positions on the listed ETFs by 50x, positioning themselves to make gains of over 5,000%. Additionally, investors who chose ETFSwap (ETFS) automatically have a 1,000% profit, as all ETFs on the platform carry a 10x marginal capital trading feature.
ETFSwap (ETFS) will launch the first phase of its robustly developed beta platform to meet the user demands in a few days. This beta platform will give users the opportunity to participate in various liquidity pools, staking mechanisms, swapping activities, and access to real-time ETF prices.
Additionally, even in the bull cycle, investments made without thorough research can lead to losses, especially for newbie crypto investors. As a user-friendly platform that prioritizes, ETFSwap will integrate advanced AI-powered tools like the ETF Screener, ETF Tracker, and ETF Finder in the second phase of its beta platform.
To further protect the interests of its users, ETFSwap (ETFS) has completed its KYC verification process with SolidProof, a top cybersecurity and blockchain audit firm known for protecting financial institutions from fraudsters and other malicious activities.
Dogecoin (DOGE): Whale Performance Amidst The Bull Run
Although Dogecoin and Shiba Inu have established themselves as everyday tokens in the world of cryptocurrency, a newcomer like ETFSwap (ETFS) is a worthy contender as it presents more lucrative opportunities for investors looking to make the most out of this bull cycle.
Most crypto analysts cite this bull run as one of the biggest in cryptocurrency. Dogecoin’s recent performance cannot be ignored, as data from various charts shows DOGE’s whale activity on the rise, with 73% of holders currently in profit. Nevertheless, ETFSwap is bound to outperform Dogecoin in this bull run with its solution-oriented platform and deflationary token model.
According to data from CoinGecko, Dogecoin has a market cap of over $15.8 billion and a daily trading volume of over $644 million. As of press time, Dogecoin is trading for $0.1084 per token.
Shiba Inu (SHIB): Upcoming Projects And Potential For Top Performance
The marketing lead of the SHIB team, known as Lucie, has published a statement on X, a social media platform formerly known as Twitter, to announce a groundbreaking project that is being widely discussed. The post suggested that it could be one of the following: “SHIB Marketplace,” “Shibahub,” the launch of the much-anticipated TREAT token, or maybe even “a whole new world.”
Furthermore, the Shiba Inu team has continued to work on several projects, including the SHIB Metaverse, which increases its chances for top performance in this bull cycle. As of writing, data from CoinGecko shows Shiba Inu’s market cap at $8.5 billion and daily trading volume of $256 million. Shiba Inu is trading at $0.00001457.
Join The ETFSwap (ETFS) Presale
ETFSwap (ETFS) is currently in the third stage of its ICO, offering ETFS tokens at a discounted price of $0.03846. With over 680 million tokens sold and $4 million raised already, ETFSwap is not only going to outperform Dogecoin and Shiba Inu but also create new crypto millionaires in this bull run. Investors looking to take advantage of this opportunity can join the ETFSwap (ETFS) platform without the hassle of KYC verifications.
For more information about the ETFS Presale
Pi Network seems to be losing ground as Pi Coin price continues to face strong selling pressure, dropping another 4% and slipping under $0.70. Furthermore, the PI trading activity in the ecosystem is also dropping, showing that the investors’ euphoria is fading away quickly. Also, the PI token unlocks happening over the past week and so have led to a negative sentiment.
Pi Network Faces Backlash Despite PiFest Announcement
Earlier today, the Pi Core team announced that the inaugural PiFest on the Open Network saw record participation, with over 125,000 registered sellers—including more than 58,000 active sellers—and 1.8 million Pioneers utilizing Map of Pi, while highlighting Pi’s real-world utility worldwide.
However, the community doesn’t seem to be pleased by this. Commenting on the reality of the PiFest, Dr. Altcoin noted: “Since the PiFest started, Pi trading activity in the Eco-system has been at its lowest. The only trade was selling Pi for Cash”. While slamming the core team further, Dr. Altcoin stated that the Pi co-founders “seem out of touch with the realities of the everyday Pi Community”.
Other community members have slammed Pi Core Team’s communication approach, stating that it has remained unchanged since the enclosed mainnet phase. Critics like Dao world argue that the monthly updates are too predictable and insufficient for sustaining a large and engaged community.
Community members are now advocating for a more transparent communication strategy, with calls for a new leadership figure who has a deep understanding of cryptocurrency.
Pi Network Reduces Base Mining Rate by 1.18% This Month
The Pi Network’s base mining rate has dropped by 1.18% this month, now standing at 0.0029030 π per hour. This adjustment continues the network’s trend of gradual mining rate reductions. Some community members speculate that the declining interest in mining may be linked to Pi’s current low trading value on exchanges.
Despite talks of the Pi Network listing on top crypto exchanges like Binance and Coinbase, it hasn’t fructified so far. However, the BTCC exchange stated that it has added the cryptocurrency for spot trading, but it failed to add any upward momentum to the Pi coin price.
Where’s Pi Coin Price Heading Next?
Over the past seven days, the Pi coin price has tanked by 20%, with the next crucial support levels at $0.60. Furthermore, the correction under $0.70 comes with heavy selling pressure as daily trading volumes tanked 52% to $148 million.
Pi Network is currently forming a classic falling wedge pattern, testing the lower boundary near $0.687. A confirmed breakout with volume above the $0.71–$0.72 range could signal a bullish move, potentially pushing the price toward $0.75–$0.78, where key resistance levels lie.
Some market analysts still have the hope that PI cryptocurrency could reverse the trajectory to hitting highs of $3 and above.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
PENDLE price has led the broader market gains this Wednesday, pumping nearly 8% amid bullish developments. Recent whale metrics indicated that large-scale investors bought roughly $8 million of the token, whereas a crypto exchange behemoth also listed it previously. In an upshot, traders and investors are eyeing more gains in the asset’s price due to recent advancements that underscore rising demand for the crypto.
PENDLE Price Jumps 8% Amid Bullish Whale Transactions
As of press time, PENDLE price witnessed an 8% uptick in value and exchanged hands at $3.05. The crypto’s 24-hour low and high were registered as $2.84 and $3.07, respectively.
On a keynote, the rising price action aligns with the heightened buying pressure bought by whales in recent days. The latest data from tracker Lookonchain showed that whales bought roughly $8 million worth of coins in the past 5 days. Per the data, five newly created wallets collectively accumulated the aforementioned amount.
Here Are The PENDLE Whale Addresses Captured:
-0x21fBA58b20f62397c015b1f5a15f742ad430dFA
-0x2EB48c60F4ea75fa0a0Ff5BB017EBD9f5981b8F5
-0x11DFEDf01B3FA824BbCB138159B2e6AFE43692a3
-0x981D8856f572Fb076626265114EAD67697dA5501
-0x6478C8681ADC3E7a0C17Aa1E1F0Ff16d1A61a8f6
Why Are Whales Accumulating?
Meanwhile, the rising whale accumulations and PENDLE price upswing fall in line with another bullish development. Crypto exchange behemoth Coinbase unveiled a listing for the token at the end of March last month.
As a result, large-scale investors are hoarding massive amounts of the token, aiming to capitalize on emerging market opportunities.
Historically, listings on top crypto exchanges usually usher a bullish price action as they substantially increase an asset’s market exposure, thereby welcoming more funds from investors. CoinGape previously reported another similar chronicle, wherein cryptos BROCCOLI and TUT price rallied with their listings on Binance. Similarly, the Coinbase listing appears to be a vital catalyst for driving the whale frenzy and recent price upswing.
Can Bullish Developments Fuel Bull Run Ahead?
Usual market sentiments continue to tilt in favor of bulls, given the Coinbase listing and rising whale accumulations. Further, a renowned crypto market trader has poured additional optimism surrounding the coin’s future price action with his bullish prediction.
Analyst AMCrypto recently took to X, revealing that PENDLE price is forming an “inverse head and shoulder pattern.” This pattern formation suggests that a potential trend reversal from bearish to bullish is brewing amid bullish advancements.
In light of this dynamic, the analyst predicts that a break above $3 paves the way for a massive rally ahead. As mentioned above, the coin is currently trading above this price level. As a result, market watchers continue to weigh further bullishness on the asset’s long-term price prospects.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Asset manager VanEck has registered for a proposed BNB exchange-traded fund (ETF), the latest among the list of its new crypto ETF filings. As a result, the trading volume for BNB Coin has shot up by 42% to more than $2.12 billion, as analysts are now closely watching for a BNB price rally to all-time highs.
In BNB Price Ready for A Mega Rally?
BNB Coin has performed relatively well over the past month compared to Bitcoin and other altcoins. While BTC and top altcoins like ETH, SOL, XRP saw double-digit losses in March, BNB Coin is down just 1% on the monthly chart. After a strong consolidation of around $610 levels, the BNB price could be eyeing a strong breakout to new all-time highs.
BNB Burn and Pascal Hardfork Offer Support
BNB Coin features a real-time burn mechanism that permanently removes a portion of gas fees from circulation. Over the past seven days, 951.85 BNB worth $571,747.74 was burned, contributing to a total burn value of nearly $160 million, as per data from BNBBurn.
BNB’s price recently gained momentum following the implementation of the Pascal hard fork, which enhanced its compatibility with Ethereum. The network is preparing for additional hard forks this month and in June, aimed at further improving transaction speeds.
Additionally, BNB Chain is gaining a lot of popularity among meme coins, adding support for Mubarak meme coin, CZ’s Dog BROCOLLI meme coin, and others.
Looking at the technical setup, the BNB price chart shows that the altcoin is forming a cup-and-handle pattern, along with an ascending channel pattern formation, as shown in the image below.
On the other hand, BNB price is trading above the 50-day moving average, which is a positive indicator. But for the altcoin to kickstart a rally to its all-time high of $790, it must first complete the handle formation at $662, and give a breakout above that level.
As of press time, BNB Coin is trading at $603 levels with its daily trading volume up by 42%, surging past $2.12 billion. Furthermore, the Coinglass data shows that the BNB options trading volume is also up by 46%.
VanEck Files for Spot BNB ETF
$115 billion asset manager VanEck filed for the spot BNB ETF in Delaware on Tuesday, April 1, which could serve as a major catalyst for the BNB Coin rally ahead. The proposed BNB ETF would follow the price of BNB, the fifth-largest cryptocurrency by market capitalization.
Apart from BNB, VanEck has already submitted crypto ETF applications for Bitcoin, Ether, Solana, and Avalanche. VanEck filed for SEC approval last month to launch the first AVAX ETF, building on its success with spot Bitcoin and Ethereum ETFs.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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