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Why The Dogecoin Price Will Never Touch $100, But Shiba Inu Can Reach $0.001, And ETFSwap Will Jump 30000X To $4
In the crypto market, market sentiments have often dictated the price movement of any digital asset. Presently, the narrative surrounding Dogecoin has shattered dreams as analysts predict it will never touch the $100 mark. On the other hand, Shiba Inu’s potential to reach $0.001 is acknowledged, and ETFSwap (ETFS) is expected to bring the most value as ETFS is expected to jump 30,000x to $4 in weeks.
ETFSwap (ETFS): A Promising Platform With 30,000x Potential
ETFSwap (ETFS) is a highly liquid asset platform that offers tokenized exchange-traded funds to investors seeking to make more gains by spreading their assets across multiple industries through crypto. These ETFs range from real estate, agriculture, equity, fixed-income, commodities, and other ETF currencies.
Many factors that contribute to analysts being really bullish on ETFSwap (ETFS) and predicting a 30,000x jump to $4 can be attributed to its incentivizing and customizable trading features that allow investors to multiply profits even up to 5,000%. Interestingly, all ETFs on the ETFSwap (ETFS) platform carry a 10x marginal trading capital that instantly makes investors eligible for 1,000% returns. ETFSwap (ETFS) users also enjoy annual percentage yields (87%) as rewards for staking their tokens.
In order to increase the demand for ETFS tokens, ETFSwap (ETFS) will launch the first phase of its robustly developed beta platform that will give users the capabilities to participate in different liquidity pools, access real-time ETF prices, staking activities, etc. The second phase will integrate state-of-the art AI-powered tools like the ETF Screener, ETF Filter, and ETF Tracker, which will allow investors to mitigate risks by highlighting only the most profitable investment options based on previous trends and present market conditions.
ETFSwap (ETFS) has further strengthened investors’ confidence by completing its KYC verification process with SolidProof, a prominent cybersecurity and blockchain audit firm known for using manual and automated tests to check vulnerabilities in blockchain projects and protect them from hackers. In collaboration with MiCa-compliant institutions, ETFSwap (ETFS) reassures its users of security as they buy and sell exchange-traded funds (ETFs).
Why Dogecoin Price Will Never Touch $100
While the Dogecoin (DOGE) has been volatile among the likes of Shiba Inu in the crypto space, analysts believe the $100 mark is a stretch for the Dogecoin price. With over 146 billion DOGE tokens in circulation, Dogecoin will need to surpass Bitcoin’s market cap before the Dogecoin price can reach the $100 mark.
However, another Dogecoin price prediction has put it on another bullish path, forecasting that the Dogecoin price is destined for a new ATH. Most crypto analysts believe that the Dogecoin price could finally cross the $1 mark. This is entirely based on the previous performance of the Dogecoin price, taking into account the average number of days it takes for each parabolic surge to materialize.
According to CoinGecko, Dogecoin (DOGE) has a market cap of $15.9 billion and daily trading volume of $636 million. As of the time of writing, the Dogecoin price is at $0.1089 each.
Shiba Inu (SHIB): Leading The Meme Coin Movement With Promising Growth Potential
Shiba Inu (SHIB) has earned recognition from Ethereum co-founder Vitalik for donating a portion of their token supply to charity. Based on comments made by Buterin, Shiba Inu community members have claimed that among meme coins, SHIB leads in charity gifts. According to an anonymous crypto expert, no other meme coin can even emulate Shiba Inu’s level of philanthropy.
According to CoinGecko, Shiba Inu (SHIB) has a market cap of $10 billion and a daily trading volume of $464 million. With predictions to reach $0.001 in the coming weeks, Shiba Inu is currently trading at a price of $0.0000176.
Join The ETFSwap (ETFS) Presale
ETFSwap (ETFS) is currently in the third stage of its pressale and has achieved monumental success by selling over 1.9 billion tokens already. Smart investors are leaning towards ETFSwap and are rapidly buying ETFS tokens for a low price of $0.003846 in order to benefit from the prediction that ETFSwap (ETFS) will jump 30,000x to $4 in the coming weeks. Join ETFSwap (ETFS) today!
For more information about the ETFS Presale
Solana meme coin Goatseus Maximus reverberated significant optimism across the broader crypto market on Wednesday, securing listing on a major cryptocurrency exchange. GOAT price skyrocketed nearly 150% as the renowned exchange Crypto.com recently revealed plans to list the token. Meanwhile, market watchers continue to speculate whether the listing could help the token sustain a price rally ahead.
Goatseus Maximus Rides Bullish Waves Amid Crypto.com’s Listing
In an official X post dated October 16, Crypto.com revealed that it is listing the Solana meme coin Goatseus Maximus today. The platform’s colossal userbase can easily trade the coin with USD, EUR, and 20+ fiat currencies offered on the exchange. Notably, the listing sparks optimism over GOAT price ahead as it paves the way for further market participation in the asset.
Meanwhile, it’s worth mentioning that the Solana meme coin appears to have emerged as the recent buzz of the crypto town. CoinGape Media reported a crypto trader to have made a whopping $2.42 million profit in just four days, investing a mere $727 in the Goatseus Maximus meme token. Simultaneously, in light of the recent buzz, venture capital firm Andreessen Horowitz founder Marc Andreessen took to X, revealing that he is not connected with the meme token.
For context, Marc stated, “I sent a personal $50K no-string-attached unconditional research grant to ‘truth_terminal’ and its creator Andy Ayrey this summer.” However, there is no involvement in the Solana-based meme coin, he concluded.
Solana Meme Coin’s Price Rockets
Meanwhile, GOAT price skyrocketed nearly 135% at press time and is currently trading at $0.2634. The coin’s intraday low and high were $0.09803 and $0.33, respectively. Also, the 24-hour trading volume for the token surged 170%, hinting traders appear to have reacted positively to the listing announcement.
Simultaneously, recent data by Lookonchain revealed that a trader sold Goatseus Maximus holdings for $1.1K five days ago, which is over $5 million today. Notably, the trader, ‘FUDing,’ offloaded his holdings amid a recent price drop. Nevertheless, the coin reflects a strong potential for gains in light of recent market stats. Market watchers continue to eye the token for further price action shifts.
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.
Elon Musk, known for being a fan of Dogecoin meme coin, has donated nearly $75 million to America PAC to back Donald Trump in his presidential race. Musk has also pushed forward efforts regarding the proposed Department of Government Efficiency (DOGE) and campaigning with Trump, currently throughout Pennsylvania.
Elon Musk Donates Massive $75 Million In US Elections
Billionaire businessman Elon Musk boosted Donald Trump’s presidential run by donating nearly $75 million in donations to America political action committee (PAC), a pro-Republican group. The donation has pushed Musk on the list of top donors for Trump’s reelection bid.
Musk created this PAC to support candidates who support core values of ‘Secure Borders, Sensible Spending, Safe Cities, Fair Justice System, Free Speech and Self-Protection.’ The group has already spent more than $96 million boosting Trump’s reelection bid, according to the independent non-profit OpenSecrets.
Musk Leading Trump to Victory in Pennsylvania
Moreover, ‘Dogecoin fan’ Elon Musk said he will give a series of talks in Pennsylvania until Monday. Those who want to attend need to just sign up for America PAC’s petition for free speech and need to have voted in Pennsylvania.
A source told Reuters that Musk plans more campaigning for Trump in Pennsylvania after his appearance at a Trump rally. His appearances would be connected to his America political action committee.
Tomorrow night through Monday, I will be giving a series of talks throughout Pennsylvania.
If you’d like to attend one of my talks, there’s no attendance fee. You just need to have signed our petition supporting free speech & right to bear arms & have voted in this election. https://t.co/2cjdY7oPtB
— Elon Musk (@elonmusk) October 16, 2024
Polymarket data reveals that Donald Trump’s odds are now 14% ahead of Kamala Harris in Pennsylvania. This shift comes amid Elon Musk’s appearance at Trump rallies.
DOGE Price Gains 8%
Dogecoin is unfazed by the recent broader crypto selloff after a volatile price uptrend in the market. DOGE price currently trades at $0.125, up 8% in the last 24 hours and 22% in a month. Trading volume also saw a more than 50% increase in the last 24 hours.
In the derivatives market, total DOGE futures climbed 22% within just 4 hours as traders moved to buy Dogecoin before it rally. As per Coinglass data, the total Dogecoin futures OI hit a high of 6.05 billion worth $758.41 million.
The strong momentum comes amid Elon Musk’s support for Donald Trump and rising hopes for the proposed Department of Government Efficiency (DOGE). Trump promised Musk a key position if he wins the presidential election, fueling DOGE to $1 speculation.
Meanwhile, Musk’s Tesla moved all Bitcoin holdings worth $760 million from its public wallet, marking its first BTC transactions in two years. A plausible explanation is for security purposes and spread them across several cold wallets.
Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
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.
Crypto exchange pioneer Binance has once again reverberated optimism for EigenLayer (EIGEN) across the broader market on Wednesday, expanding offerings for the token. Intriguingly, the exchange revealed that it is adding the crypto to loanable assets and VIP loans, sparking investor enthusiasm globally. Meanwhile, market watchers speculate whether the enhanced offering could propel a reversal in the coin’s price, given it traded down nearly 4% in tandem with the announcement.
Binance Announcement On EIGEN Sparks Investor Enthusiasm
As per an official Binance announcement dated October 16, EigenLayer has been integrated into the exchange’s ‘Loans (Flexible Rate) and VIP loans’ starting today. This announcement has set off optimistic waves, offering market participants enhanced exposure when dealing with the asset. Flexible rates allow users to borrow funds at a variable interest rate, adjustable periodically based on market conditions. VIP loans on the platform primarily cater to high-volume users, providing more favorable terms or larger borrowing limits.
Altogether, the leading crypto exchange’s announcement fuels optimism on the asset’s future prospects as it magnetizes more investors to the digital asset. Simultaneously, it’s also worth noting that the exchange’s previous plans to bolster the same project have injected additional optimism into the crypto.
CoinGape Media recently reported that Binance modified leverage and margin tiers for the abovementioned token. Simultaneously, another report revealed that the exchange introduced trading bots services for EIGEN/TRY. Overall, the enhanced offerings underscore the leading exchange’s support to the project, sparking optimism.
EIGEN Price Drops
However, despite the abovementined announcements, EigenLayer appears to be riding a bearish wave. EIGEN price today traded at $3.33, down nearly 6% in the past 24 hours. Moreover, the coin’s weekly chart shows a 19% crash. This slumping action aligns with a massive 11.22 million coins added to the supply as a part of token unlocks on October 15.
Besides, Coinglass data showed a 7% drop in the coin’s futures OI to $132.06 million. Further, even the derivatives volume dipped nearly 13% to $357.61 million. This data further aligns with the coin’s price fall, hinting at reduced investor interest in the asset. Nevertheless, crypto market enthusiasts continue to eye the token for future price action shifts in light of the enhanced offerings.
It’s worth mentioning that Catizen (CATI) listing on Binance resulted in a phenomenal rally as the exchange offered enhanced trade offerings. CATI price is up over 400% to date post-debut on the exchange. This hints that even EIGEN could rally ahead with enhanced offerings coming into play.
Additionally, a recent EIGEN price analysis by CoinGape also reveals that the token eyes a $5 target ahead in the wake of increased whale accumulations.
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.
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