Altcoin
Shiba Inu Price At $0.1 And Dogecoin Price At $50? Stop Chasing Pipe Dreams And Buy This Token Set To Rally 5,233% In 10 Days
Crypto analysts have continued to make ambitious price targets regarding how high the Shiba Inu price and the Dogecoin price can rise in the long term. However, several factors indicate the Shiba Inu price and Dogecoin price might eventually reach these price targets. Therefore, investors are better off focusing on the ETFSwap (ETFS) token, which is set to rally by 5,233% in 10 days.
Analyst Says ETFSwap (ETFS) Token Will Rally 5,233% In 10 Days
An analyst has predicted that the ETFSwap (ETFS) token will rally 5,233% in 10 days from its current price of $0.03846 in its ongoing presale. The analyst stated that this price rally will happen as soon as the token gets listed on exchanges. He further explained that the demand for the ETFS token will be massive as investors will be looking to access the tokenized exchange-traded funds (ETFs) on the ETFSwap platform.
The ETFSwap (ETFS) token will enjoy this impressive demand because investors will need the token to invest in the tokenized ETFs on ETFSwap. Investors will simply swap the ETFS token for their desired ETF. Interestingly, this prediction comes amid the announcement that the ETFSwap beta platform will go live soon enough.
Such a bullish announcement has only boosted the analyst’s confidence that ETFSwap (ETFS) will record this massive price rally. Some investors are already looking to position themselves for this beta platform launch by buying as many tokens as possible during the ongoing presale. It is worth mentioning that only token holders will be able to access the beta platform once it launches.
The wait for the beta platform won’t take much longer, as the ETFSwap (ETFS) team has already launched it on the Ethereum testnet. They are currently testing the platform and implementing necessary improvements to enable users to enjoy the best interface around.
Once the beta platform goes live, investors will be able to swap their ETFs for crypto assets and vice versa using the ETFSwap (ETFS) token, thanks to this user-friendly interface. Users will also gain access to the liquidity pools. They can provide liquidity to these pools and enjoy up to 30% of the fees from token swaps.
Additionally, the staking feature will also be integrated into the beta platform. This allows users to stake their ETFs and earn impressive yields. The feature also extends to crypto assets on the decentralized trading platform. Investors can stake the platform’s ETFS token and earn up to 78% annual percentage yield (APY).
Shiba Inu Price And Dogecoin Price Unlikely To Reach Ambitious Targets
The Shiba Inu price and Dogecoin price are unlikely to reach the ambitious price targets of $0.1 and $50, respectively. Factors such as SHIB’s circulating supply will hinder the Shiba Inu price from reaching this target. Experts have said that over 50% of the meme coin’s circulating supply will need to be burnt for the Shiba Inu price to rise to $0.1. However, burning this amount of SHIB tokens is almost impossible, meaning that the Shiba Inu price cannot reach $0.1.
Meanwhile, it is also almost impossible for the Dogecoin price to reach $50. DOGE has a circulating supply of 146.26 billion tokens, meaning that the meme coin will have a market cap of $7 trillion if the Dogecoin price reaches $50. However, attaining a market cap of $7 trillion is impossible, considering the whole crypto market is valued at around $3 trillion. Therefore, Dogecoin’s price cannot reach $50.
Conclusion
Investors are better off buying the ETFSwap (ETFS) token rather than hoping for the Shiba Inu price and Dogecoin price to hit almost impossible price targets. Investors who buy the ETFSwap (ETFS) in its ongoing presale will enjoy a 50x ROI when the token records the 5,233% price rally in 10 days.
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.
Altcoin
Shiba Inu Bulls Ready To Charge, But This Ethereum-Based DeFi Project Could Deliver 20000x Gains Before 2025
The cryptocurrency space is beginning to heat up as Shiba Inu bulls are priming to take their positions in the market. However, this emerging Ethereum-based token, ETFSwap (ETFS), is capturing the attention of crypto enthusiasts with its prediction of 20000x gains before 2025.
Shiba Inu Bulls Make The Easy Decision Favouring ETFSwap (ETFS)
Although Shiba Inu bulls are ready to storm the market, they have shown some hesitation in considering Shiba Inu’s (SHIB) price. The price of the meme coin has not given enough impetus to Shiba Inu bulls to invest heavily in it as they were quick to discover the 20000x profit predicted for ETFSwap (ETFS) before the year ends.
On the other hand, the value of the Ethereum-based token continues to soar, selling more than 13 million units and raising almost $1.76 million in its third presale stage. Despite Shiba Inu’s (SHIB) plummeting price, this Ethereum-based token, ETFSwap (ETFS), continues to touch new highs in sales due to the influx of investors who have observed the token’s extensive utility and stability.
Furthermore, given its decentralised ecosystem and 24/7 uptime, Shiba Inu investors have full ownership of their purchased ETFSwap (ETFS) tokens and can trade them without any constraints. This hassle-free trading approach offered by this Ethereum-based token is attractive to crypto whales, especially Shiba Inu bulls, who keep teeming with the purchase of ETFS tokens.
Arguably, ETFSwap (ETFS) is presently the most valuable crypto asset in the market. Considering that you can stake the token for a passive gain of up to 36% of your stake and an Annual Percentage Rate yield of up to 87%, ETFSwap (ETFS) will exponentially increase the gains of its investors before the year ends.
ETFSwap (ETFS) Becomes The Preferred Choice For ETF Trading
It is unsurprising when savvy crypto investors show a preference for measurable market data necessary for making informed trading choices and market analysis. For this reason, ETFSwap (ETFS) has won the hearts of many savvy crypto enthusiasts, including Shiba Inu bulls, with its real-time data feed that shows price performances and market conditions. These unique features make trading on the Ethereum-based platform safer and more rewarding.
In addition, ETFSwap (ETFS) provides a variety of tokenized ETFs, which help facilitate trades on the Ethereum blockchain. This innovation has piqued the interest of traditional financial institution giants as they continue to collaborate with ETFSwap (ETFS). Hence, the platform has stirred the fear of missing out on tons of investors looking to expand their investment portfolios in crypto and commodity ETFs.
The platform also provides advanced AI features to remove trading bottlenecks. The ETFSwap (ETFS) platform features an ETF Filter, screener, and tracker to help enhance users’ trading experiences.
Before the beta platform launch, the crypto community was buzzing with excitement, anticipating a phenomenal innovation. The phase 1 beta launch of the ETFSwap (ETFS) platform in a few days will surpass investors’ expectations, and it will feature a fully functional backend that has been thoroughly tested and rolled out.
Although smart contracts are secure, the ETFSwap’s (ETFS) team has shown its commitment to protecting investors’ funds by undergoing a KYC verification by a smart contract auditing firm, SolidProof. Besides this, to defray the fear of cyber attacks and hacks, the platform was also thoroughly audited for vulnerabilities by CyberScope, a smart contract auditing firm.
Conclusion
ETFSwap (ETFS) is breaking presale records as meme coin investors, including Shiba Inu bulls, flock to accumulate the Ethereum token. This trajectory has been the focal point of crypto investors like Shiba Inu bulls. Investors are advised to claim their share of these 20000x gains by buying ETFS at a presale price of 0.03846.
In addition, investors can get a 50% discount when they use the promo code “ETFS50”.
For more information about the ETFS Presale:
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