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Crypto Whales Spend $500,000 On ETFSwap (ETFS) As Shiba Inu (SHIB) And Ripple (XRP) Deliver Low Market Activity

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The cryptocurrency market has been showing concerning signs of market activity for investors. Alarmingly, Shiba Inu (SHIB) and Ripple (XRP) have experienced downward price trajectories recently. In contrast, ETFSwap (ETFS) has caught the attention of investors as crypto whales have spent $500,000 on its native token. 

ETFSwap (ETFS) Will Redefine Financial Markets With A Unified DeFi-TradFi Platform 

ETFSwap (ETFS) is a platform that benefits from the infrastructure of the Ethereum blockchain. Ethereum’s (ETH) robust security protects crypto whales from cyber threats and malicious attacks. As a result, it allows ETFSwap (ETFS) to operate smoothly with decentralised finance (DeFi) tools, enhancing transactional transparency and trust among crypto whales. 

By combining decentralised finance (DeFi) and traditional finance (TradFi), ETFSwap (ETFS) offers a platform for trading, swapping, and investing tokenized ETFs. These tokenized ETFs include cryptocurrency-focused and traditional ETFs and are backed by real-world assets, ranging across various industries such as agriculture,  technology, and healthcare. Similarly, it grants crypto whales and institutional investors access to highly liquid pools to help them manage market volatility. 

In addition, ETFSwap (ETFS) gives users the autonomy to manage their portfolios at any time, regardless of market hours. In the fast-paced crypto environment, 24/7 availability to the marketplace helps traders, particularly crypto whales, to maximise their profit potential instantly. Aside from offering users constant and round-the-clock access to its platform, ETFSwap’s (ETFS) intuitive user interface is one of the most catchy features of the platform. The interface is simple and designed to cater to the needs of both novice and experienced traders. 

After extensive development on the backend of the ETF trading platform, ETFSwap (ETFS) has reached an important milestone and is ready to present its initial features to the public. The upcoming beta release will showcase advanced features of the platform to crypto whales and retail investors while incorporating user feedback to improve the platform.

To add a layer of trust and transparency for crypto whales, ETFSwap (ETFS) underwent a rigorous security audit process by Cyberscope, a cybersecurity auditing firm, which thoroughly evaluated the platform’s infrastructure to identify vulnerabilities and reinforce ETFSwap’s (ETFS) strong security foundation. Additionally, the platform’s team completed KYC verification with SolidProof, a smart contract security auditing firm. 

Shiba Inu (SHIB) Struggles To Gain Momentum 

Shiba Inu (SHIB) has seen little movement in price, reflecting a lull in interest from both crypto whales and retail investors. Despite being one of the popular meme coins, Shiba Inu (SHIB) is struggling to move past $0.00002000 after a major breakout and a significant wick displacement to the downside, signifying more Shiba Inu (SHIB) sellers than buyers.

Shiba Inu’s (SHIB) struggles to gain momentum contrasts with its previous explosive growth periods. Currently, the price of Shiba Inu (SHIB) is $0.00001710. Despite small fluctuations, Shiba Inu (SHIB) remains stuck in a range as investor enthusiasm wanes. 

Ripple (XRP) Faces Market Stagnation Amid Low Activity

Ripple (XRP) has been facing sluggish and consolidating market performance. Low trading activity in Ripple (XRP) continues to hamper its market movement. Despite speculation regarding the launch of an XRP ETF, Ripple (XRP) has been facing strong resistance at the $0.65 price level. As a result, analysts have maintained cautious optimism in Ripple’s (XRP) value. Currently, the price of Ripple (XRP) per CoinGecko is $0.54, slightly down from its previous high. 

ETFSwap (ETFS) Becomes Investors’ Top Pick With Half A Million Crypto Whale Investment 

The large investments in ETFSwap (ETFS) often signal a broader trend, which means that other investors have followed suit as the platform nears its third presale journey. The token has sold over 13.3 million units and has raised more than $1.7 million. Unlike Shiba Inu (SHIB) and Ripple (XRP), crypto whales and investors can be sure of ETFSwap’s (ETFS) stable ecosystem. Furthermore, analysts have predicted a 10,000% surge in the price of ETFSwap (ETFS). Other crypto whales are likewise investing in the platform’s native token at a discounted rate of $0.03846. 

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community



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Elon Musk Rules Out The Use Of Dogecoin By The US Government

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Elon Musk has doused optimism for the US government to adopt Dogecoin at the America PAC town hall event. The head of the Department of Government Efficiency (DOGE) noted that the government agency only bears a nominal resemblance to the memecoin.

Elon Musk Dispels Rumors Of Dogecoin Adoption By The US Government

At a recent event, Tesla CEO Elon Musk cleared the air on the potential adoption of Dogecoin by the US government. In his keynote speech, Musk noted that the US government will not be adopting Dogecoin, contrary to swirling speculation.

Musk noted that the speculation gained traction following the launch of the Department of Government Efficiency (DOGE). Following the launch of DOGE and Musk tapped to lead the agency, enthusiasm for Dogecoin government utility reached new highs.

However, Musk clarified that the agency bears only a nominal resemblance to the memecoin, stemming from an internet trend. The Tesla CEO disclosed that the original intended name was the Government Efficiency Commission, opting for DOGE “because the internet is right.”

“The name is similar but they are two different things,” said Musk. “But there are no plans for the government to use Dogecoin as far as I know.”

Musk has a long and storied history with Dogecoin, famously shilling the memecoin and integrating DOGE payments for Tesla. Musk teased an anime-themed DOGE on X, setting the stage for a $2 rally for the memecoin.

DOGE Reacts Negatively To The News

Dogecoin price slumped by nearly 2% in the wake of the grim report. Currently, the memecoin is trading at 0.1660 as it eyes a push toward the $1 mark.

The negative fundamental adds pressure to reports of DOGE forming a falling wedge pattern, signaling a potential downward breakout. However, optimists are rippling with confidence that DOGE can shake off the negative sentiments to post new all-time highs.

One analysis claims that if the Dogecoin price breaks a 3-month trendline, an $8 valuation for the memecoin is in play. Others claim that the House of Doge Reserve launch will be a tailwind for Dogecoin price, sending the dog-themed coin on a strong rally.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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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$33 Million Inflows Signal Market Bounce

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Crypto inflows hit $226 million last week, signaling a cautiously optimistic investor sentiment amid ongoing market volatility.

According to CoinShares data, altcoins broke a five-week streak of negative flows, recording their first inflows in over a month.

Crypto Inflows Hit $226 Million Last Week

This turnout marks a significant slowdown from the previous week when crypto inflows hit $644 million, ending a five-week outflow streak. Before that, inflows peaked at $1.3 billion, with Ethereum outpacing Bitcoin in investor demand.

“Digital asset investment products saw $226 million of inflows last week suggesting a positive but cautious investor,” read an excerpt in the report.

The pullback to $226 million last week suggests a more measured approach by investors as they assess macroeconomic conditions and regulatory uncertainties.

Specifically, CoinShares’ researcher James Butterfill ascribes Friday’s minor outflows of $74 million to core personal consumption expenditure (PCE) in the US, which came in above expectations.

“The Fed’s preferred measure of inflation (Core PCE) moved up to 2.8% in February & remains well above their 2% target that has yet to be achieved. The market is expecting the Fed to hold rates steady again at their next meeting on May 7 (at 4.25-4.50%),” investor Charlie Bilello noted.

Nevertheless, this turnaround comes after nine consecutive trading days of inflows into crypto ETPs (exchange-traded products).

Despite the slowdown, Bitcoin continued to attract strong inflows of $195 million. Meanwhile, short-Bitcoin products registered outflows of $2.5 million for the fourth consecutive week. This suggests that investors are leaning bullish on Bitcoin, even as altcoins begin to recover.

The CoinShares report shows that altcoins saw $33 million in inflows last week after suffering $1.7 billion in outflows over the past month.

Altcoins Rebound After $1.7 Billion in Outflows

Ethereum (ETH) led the recovery, attracting $14.5 million, then Solana (SOL) at $7.8 million, while XRP and Sui recorded $4.8 million and $4.0 million, respectively. Market analysts believe altcoins may be bottoming out, creating potential buying opportunities.

“Altcoins are oversold. The bottom is close. We’re ready for a bounce,” renowned analyst Crypto Rover highlighted.

Other analysts echoed the sentiment, suggesting growing attention toward altcoins. Among them was trader Thomas Kralow, who said, “altcoins are setting up for a comeback.”

Adding credence to this bullish outlook for altcoins, project researcher BitcoinHabebe, known for insightful mid-low cap sniper entries, pointed to technical indicators suggesting a market reversal.

“While bears are trying to spread fear & make you sell your altcoins, the TOTAL3 [Altcoins market cap chart excluding Bitcoin and Ethereum] just bounced off an HTF [higher timeframe] retest,” the analyst stated.

This means most coins have bottomed out and are expected to start reversing soon. Cole Garner noted a key buy signal in market liquidity metrics, further supporting this view.

“Tether Ratio Channel already flashed a double buy signal this month. Now my lower timeframe version is popping off. Fresh capital incoming,” he indicated.

The Tether Ratio Channel is an on-chain analytical tool that helps traders identify potential buy signals. It tracks the ratio of Bitcoin’s market capitalization to that of stablecoins, acting as a leading indicator for short- to medium-term trends.

When the ratio hits certain levels, it can signal shifts in market sentiment, often indicating whether fresh capital is entering or exiting the market.

While overall crypto inflows have slowed compared to previous weeks, the return of capital into altcoins suggests renewed investor confidence. Analysts see signs of an impending altcoin rally, with market metrics indicating that most coins have bottomed out.

As investors weigh macroeconomic uncertainties, the coming weeks could be critical in determining whether the altcoin recovery sustains momentum or if caution prevails.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Cardano Price Eyes Massive Pump In May Following Cyclical Patern From 2024

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Cardano price is repeating a pattern from 2024 that experts say is a signal for a massive pump in the coming weeks. While present figures are largely underwhelming for ADA, investors are brimming with confidence for a strong reversal in the near future.

Cardano Price Can Reach $2.5 In May

According to pseudonymous cryptocurrency analyst Master Kenobi, Cardano price is exhibiting cyclical behavior. In a post on X, Master Kenobi notes that ADA’s consolidation in recent days mirrors its price action from Q3 of 2024.

At the time, Cardano’s price suffered a steep correction in early August and endured a lengthy consolidation period before rallying. Presently, Cardano’s price is consolidating after the deep in early February that sent prices to $0.49.

“ADA is currently in a consolidation phase that resembles its behavior from August-September 2024,” said Master Kenobi. “Since the dip on August 5, it hasn’t recorded a new low – just as it hasn’t now, following the dip on February 3.”

According to Master Kenobi, a lengthy consolidation phase will be the precursor for an impressive rally for Cardano’s price. The analyst theorizes that the incoming rally will send Cardano to impressive levels in May. In the short term, analysts are eyeing ADA to hit $1, citing rising whale activity and positive fundamentals.

“If this pattern holds, May could bring a massive pump, potentially pushing the price toward $2.5,” said Master Kenobi.

ADA Ripples With Bullish Activity

At the moment, Cardano price is trading at $0.6646, a far cry from its all-time high of $3.10. Despite the lull in price action, the ecosystem is brimming with bullish activity for higher valuation.

Investors have their eyes on $10 after ADA outperformed top S&P 500 companies in a strong show of resilience. Futhermore, increased whale activity in the space is signaling an impending rally for ADA as community sentiment reaches an all-time high.

Analysts have opined that an ADA rally to $10 is not a crazy prediction, citing a slew of positive fundamentals for the network. However, pundits are urging investors to brace for multiple corrections in the march to reach a valuation of $10.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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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