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Crypto Whales Spend $500,000 On ETFSwap (ETFS) As Shiba Inu (SHIB) And Ripple (XRP) Deliver Low Market Activity
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:
A renowned crypto analyst caused a huge market stir by forecasting a highly bullish outlook for Dogecoin price this Thursday. Market expert Ali Martinez revealed that a roughly 250% rally for the dog-themed meme coin to the $0.5 level looms. However, this bull run is possible given that the meme token holds above key support at $0.16. DOGE price exchanged hands at $0.1662 as of press time, igniting optimism over a rally ahead.
Dogecoin Price Eyes Over 250% Gains; Top Analyst Highlights Conditions
Ali Martinez on April 3 revealed that the $0.16 price level presents itself as a ‘make-or-break’ point for Dogecoin price via a post on X. According to him, if the price holds this level, a potential rally to $0.57 awaits, which is up nearly 256% from the current level.
However, failing to hold this level could result in a drop to $0.06, per the analyst. As a result, the key support level remains much-eyed by market watchers as the meme coin currently trades near it.
As mentioned above, the price is trading at $0.1662 with an intraday loss of over 3%. It bottomed and peaked at $0.1624 and $0.1787 over the past day, preventing losing support of $0.16. In an upshot, market watchers eye the token optimistically, expecting a sustained movement and thereby, a rally.
What Are The Next Resistance Levels For Dogecoin Price?
In another X post shared previously, the same analyst highlighted vital resistance levels for the dog-themed meme coin. Notably, the price faces two key resistance barriers at $0.18 and $0.21.
A sustained breakthrough above these resistance levels paves the way for a +250% bull run for DOGE price. In the wake of these price dynamics, crypto traders and investors are now glued to the meme coin’s price chart and await a trajectory shift.
Derivatives Data Sparks Speculations
However, Coinglass data has sparked contrary investor speculations by showcasing a decline in futures OI. DOGE futures OI was down over 3% to $1.56 billion today. This stat underscored slightly reduced investor interest in the meme token despite bullish predictions. Besides, the derivatives volume witnessed a 40% jump to $5.24 billion, adding a layer of intrigue to the market sentiment.
Crypto market traders and investors expect short-term volatility amid the dynamic market stats, whilst long-term prospects remain bullish. Also, a Dogecoin price prediction by CoinGape revealed that the technical chart on the weekly time frame showcases a bullish engulfing pattern. This formation suggests a strong momentum favoring buyers. Overall, broader market sentiments orbiting the meme coin remain bullish.
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.
As Binance’s Vote to List initiative kicks off, the exchange has turned its back on Pi Network for the second time. Binance is proceeding with the decentralized listing program but Pi Network is noticeably absent from the raft of cryptocurrencies.
Pi Network Fails To Make Binance List
Pi Network enthusiasts are in limbo following the absence of the token in Binance’s Vote to List initiative. According to a press release, Binance has opened voting for its second Vote to List initiative.
This time, 12 tokens are up for community voting, with Binance proceeding to spot-list successful tokens. Apart from vote count, Binance says it will consider trading demand, a risk assessment, and a compliance check to decide on tokens that will make the listing.
The selected tokens include VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. While the first focused on memecoin, the second iteration beams a searchlight on utility tokens cutting across several verticals.
Back in March, Binance excluded Pi Network from its first edition of the Vote to List initiative. Binance has clarified that only BNB-based projects will be allowed to participate in the Vote to List initiative, dousing optimism for Pi Network enthusiasts.
When Will Binance List The Asset?
Despite Pi missing out on the Vote to List program, there is still a ray of hope for community members. Binance can list Pi via a direct listing in the future but a timeline is unavailable.
Experts say a lack of transparency by The PiCoreTeam (PCT) is a reason why Binance has not listed Pi Network. Particularly, the exchange took swipes at the PCT for failing to give proper disclosures on the Pi Network’s locking and burning mechanism.
Pi Network secured a major listing on the BTCC Exchange, bringing the token closer to being listed on mainstream exchanges. While a listing hovers on the horizon for Pi, the PCT’s domain auction is gathering steam with over 200,000 bids.
Pi price has been largely underwhelming over the last day, losing nearly 5%. Pi trades at $0.6646 to drop below the $0.7 mark for the first time in over a month.
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.
Following a reserve crisis that hit TrueUSD and Justin Sun’s intervention, First Digital Trust denied claims of insolvency. The Trust, at the center of the fiasco, says it is fully solvent while accusing Sun of sensationalism.
First Digital Trust Refutes Allegations Of Insolvency
First Digital Trust has released a statement debunking allegations of financial impropriety and insolvency. According to the statement, First Digital Trust says it is completely solvent while accusing Justin Sun of falsehood.
The Trust has been at the center of a whirlpool of a liquidity crisis involving TrueUSD (TUSD) with Justin Sun stepping in to stabilize the stablecoin with a capital injection. The Tron founder launched a tirade against the Hong Kong-based trust, accusing it of financial mismanagement including unauthorized trade finance loans.
“The recent allegations by Justin Sun against First Digital Trust are completely false,” read the statement.
The Trust disclosed that its FDUSD stablecoin is solvent and backed by US Treasury Bills. Per the statement, the legal dispute surrounding TUSD has nothing to do with FDUSD, accusing Sun of a smear campaign. First Digital Trust says it has not had the opportunity to defend itself in court, accusing Sun of launching social media attacks.
“This is a typical Justin Sun smear campaign to try to attack a competitor to his business,” added First Digital Trust.
Justin Sun Maintains His Stance
Justin Sun remains firm in his resolve that First Digital Trust is insolvent while urging investors to cut ties with FDUSD. He warns that the Trust founder Vincent Chok will face the full wrath of the justice system.
“First Digital Trust (FDT) is in fact insolvent,” said Sun. “If you have any relationship with it, please cut off contact as soon as possible to protect your assets.”
Following his accusations, FDUSD lost its peg and traded at a low of $0.88, a steep drop before crawling to $0.98. The loss of $130 million from its market capital has rattled investors with critics taking swipes over its de-pegging.
The Tron founder has covered every blade of grass in recent days, buying $75M of the Trump memecoin. Last week, Justin Sun weighed in on TRX’s halving proposal, supporting a proposal to mirror Bitcoin’s pattern.
The stablecoin drama comes as the US is inching toward tighter stablecoin regulation with the GENIUS Act and STABLE Act.
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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