Connect with us

Altcoin

Dogecoin And Shiba Inu Go Head-To-Head For Price Dominance – A New King Emerges For $9,230% In The Next 30 Days

Published

on


As the Dogecoin price and Shiba Inu price compete for supremacy, a new contender, ETFSwap (ETFS), is capturing attention with an astonishing forecast of a $9,230% increase over the next 30 days, positioning itself as a potential game-changer in the crypto market.

Dogecoin Gs. Shiba Inu: The Battle For Price Dominance Heats Up

Dogecoin price and Shiba Inu price have been locked in intense rivalry for market dominance, captivating both investors and crypto enthusiasts. These meme-inspired cryptocurrencies have gained massive popularity, with their communities driving for greater adoption and price increases. However, as market conditions shift, the question of which coin will claim price supremacy remains uncertain. 

Dogecoin price has remained relatively steady compared to its past spikes, largely fueled by social media buzz and endorsements from high-profile figures like Elon Musk. Though the Dogecoin price has slowed recently, analysts predict it could rally again from $0.121 if it breaks through key resistance levels. Analysts believe that its strong presence and loyal following give the Dogecoin price a solid standing, but competition with Shiba Inu price is still fierce. 

Meanwhile, the Shiba Inu price has shown impressive resilience, positioning itself as a strong rival to the Dogecoin price. The introduction of Shibarium and its growing influence in decentralized finance (DeFi) have generated optimism around the Shiba Inu price, stabilizing it at $0.0000178. With expanding utility and a dedicated community, the Shiba Inu price could potentially outpace the Dogecoin price over time. Yet, the unpredictable nature of the market keeps the competition intense. As the Dogecoin price and Shiba Inu price battle for leadership, ETFSwap (ETFS) stands apart with its unique utility, poised for an incredible $9,230% surge within 30 days.   

ETFSwap’s (ETFS) Cutting-Edge Utilities To Fuel Unprecedented $9,230% Surge

Leading cryptocurrency analysts foresee a shift in how both institutional and individual investors perceive ETFs, driven by the innovative ETFSwap (ETFS) platform. This is because ETFSwap (ETFS) is expected to ignite significant demand by tokenizing ETFs, with projections of a staggering $9,230% surge over the next 30 days. 

Experts have highlighted ETFSwap’s (ETFS) user-friendly interface, which simplifies ETF trading for beginners and offers 24/7 access, thus enhancing the opportunity for investors to capitalize on its rapid growth. 

The platform’s unique value lies in its decentralized access to traditional Exchange-Traded Funds (ETFs), providing immense potential for investing. The increasing demand for ETFSwap (ETFS) is fueled by its native token, ETFS, which powers the ecosystem and drives its innovative functionalities. 

Moreover, ETFSwap (ETFS) positions itself as a strong contender to the Dogecoin price and Shiba Inu price by smoothly bridging the gap between cryptocurrencies and ETFs. With low transaction fees, high security, and a perpetual trading model, the platform creates a dynamic environment where traders could experience the anticipated $9,230% surge. 

ETFSwap (ETFS) further establishes its credibility by backing tokenized assets with securities from reputable financial institutions through collaborations with MiCA-compliant partners. 

Certifications from SolidProof and Cyberscope, following stringent KYC checks and smart contract audit, underscores the platform’s transparency and reliability. With its groundbreaking utilities, ETFSwap (ETFS) is expected to emerge as a top investment option, poised to introduce a game-changing ETF in 2025. 

Additionally, the development team has launched a beta platform that includes high-reward liquidity pools, real-time ETF tracking, and staking alternatives, helping users make informed decisions. 

In its upcoming phase, ETFSwap (ETFS) will roll out AI-powered ETF screeners, using real-time data, predictive modeling, and sentiment analysis, which analysts believe will boost investor confidence and further accelerate the platform’s projected $9,230% growth.

Conclusion

ETFSwap (ETFS) has captured significant market attention with the potential for a staggering $9,230% surge in the next 30 days. Even as the rivalry between Dogecoin price and Shiba Inu price intensifies the market has shown immense excitement since the start of the ETFSwap (ETFS) presale, and that momentum has only grown stronger. 

In one month, over 34 million tokens have been sold during the current presale, reflecting strong investor demand that has led to its listing on Coinmarketcap. 

Currently, ETFS tokens are available at $0.03846, with a 50% bonus for investors who use the code ETFS50. With the current stage of the presale nearing its end, now is the best opportunity to take advantage of this presale and be part of ETFSwap’s (ETFS) historic surge by $9,230% surge in the next 30 days.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community



Source link

Altcoin

Can Bitcoin Erase US Debt By 2049? VanEck Research Weighs In

Published

on


VanEck has announced a bold prediction that Bitcoin will play a critical role in managing the United States’ rising national debt. The study, based on Senator Cynthia Lummis’ proposed Bitcoin Act, shows that a strategic Bitcoin reserve may partially balance the country’s debt by 2049. But how feasible is this concept?

The Potential Impact Of Strategic Bitcoin Reserves

The study examines a scenario in which the US government obtains up to 1 million BTC during a five-year period. If this strategy comes to fruition, VanEck believes that such a reserve may help balance almost $21 trillion in national debt by 2049. Based on forecasts of future debt growth, this equates to around 18% of the expected total debt at the time.

However, this positive forecast is heavily reliant on Bitcoin’s price trajectory. VanEck’s model forecasts that BTC will grow at a 25% compounded annual rate (CAGR). Starting with an estimated acquisition price of $100,000 per unit in 2025, the crypto would need to see sustained price increases over the next two decades.

Source: VanEck

Debt Growth Versus Bitcoin Appreciation

The study considers the expected 5% annual rate of increase in US debt trajectory. Any effort to balance the predicted $100 trillion national debt by 2049 will need assets with big appreciation potential.

Though highly volatile, Bitcoin presents both a challenge and an opportunity. A 25% CAGR is an ambitious aim considering past pricing volatility, regulatory uncertainties, and industry acceptance patterns. Should the slow down in the crypto’s expansion, the reserve might not meet expectations, therefore lessening its value in addressing national debt.

BTC is now trading at $96,456. Chart: TradingView

Bitcoin As A Government Asset

VanEck’s view is consistent with a broader discussion concerning the leading digital currency’s role in national economies. Countries such as El Salvador have already adopted the top coin into their financial plans, albeit on a far lesser scale. If the US took a similar strategy, it would be an unparalleled shift in monetary policy.

The practicality of building such a massive Bitcoin reserve raises concerns. Would the government buy the crypto asset gradually or in bulk? How would it safeguard and govern such an asset? These uncertainties complicate VanEck’s vision.

A High-Risk Gamble Or A Financial Breakthrough?

VanEck’s research presents an intriguing possibility, despite these obstacles. The potential of BTC as a long-term wealth reserve is still a topic of debate among economists and policymakers. It may be feasible to employ the digital asset to mitigate national debt if its value continues to increase.

For now, the feasibility of this strategy remains uncertain. The US government has yet to indicate any concrete plans to acquire the alpha crypto on a large scale. But with national debt rising and Bitcoin’s influence growing, discussions around this unconventional solution are far from over.

Featured image from Gemini Imagen, chart from TradingView



Source link

Continue Reading

Altcoin

Ethereum Community Split Over Onchain Rollback Amid Bybit Hack

Published

on


As Bybit picks up the pieces from its jarring security breach, the Ethereum (ETF) community has been buzzing with speculation over the network’s future. One side of the divide makes a case for a blockchain rollback designed to eliminate malicious transactions, while the purists argue that the move will “kill” Ethereum’s credibility.

Forging Ahead With a Rollback

BitMEX co-founder Arthur Hayes has declared support for a rollback for the top layer 1 network, pitching his tent on the premise of Ethereum’s hard fork in 2016. For Hayes, since the network has undergone a previous hardfork, a rollback to stifle the ability of North Korean hackers to use stolen assets should be an easy choice for validators.

Samson Mow, Jan3 CEO, endorsed the proposed rollback in conversations with Ethereum co-founder Vitalik Buterin. Mow’s theory proposes the $ETH ticker for the rolled-back chain and renaming the current chain $ETHNK, urging Coinbase and other exchanges to delist the token from their platforms.

While the debate rages on, hardliners in the Ethereum community may be swayed by claims that the stolen ETH by state-sponsored hackers will be used to fund North Korea’s nuclear weapon programs. The $1.5 billion pilfered from the Bybit hack surpasses previous security breaches in scale, dwarfing the top five biggest hacks of 2024 by a country mile.

A blockchain rollback is an event that reverses confirmed transactions on a network to a previous state. Traditionally, the concept involves chain deployment after security breaches, and it takes several forms, including forks and chain reorganizations.

Ethereum Community Against The Rollback

Amid the Bybit hack, blockchain proponents in the Ethereum community are adopting a hard stance against a rollback proposal, citing the grim potential of eroding Ethereum’s credibility in the grand scheme.

“A rollback can only happen if you split the chain. Ethereum’s reliability and neutrality would be at risk,” said pseudonymous crypto trader Borovik on X. “This should never happen, under no circumstances.”

Borovik’s argument has received support from Bitcoin proponent Jimmy Song, who notes that the Bybit incident is significantly different from 2016’s DAO hack. Song’s claim against a rollback hinges on the fact that the Bybit hack is a settled affair, while the DAO hack took a month to execute.

“I know people are expecting the Ethereum Foundation to roll back the chain, but I suspect it’s already too much of a mess to do it cleanly,” said Song

✓ Share:

Aliyu Pokima

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.





Source link

Continue Reading

Altcoin

Analyst Reveals Two XRP Price Levels To Watch, Is $250 On?

Published

on


XRP price has continued its bearish consolidation as Ripple community investors continue to weigh the impacts of the recent Bybit hack. Against some visible trends, XRP has maintained its price drawdown but has stayed above the $2.5 mark despite the massive selloff. In light of this crypto technical analysis platform, More Crypto Online, the coin remains neutral and indecisive. This outlook has introduced a major twist in the expectation that the coin could hit $250 in the near long term.

XRP Price Trading Within Very Tight Range

According to an update on X More Crypto Online, XRP remains rangebound, holding above the invalidation point at $2.47. At the time of writing, the coin was changing hands for $2.592, down by 0.63% in the past 24 hours. The coin has moved from a low of $2.512 to a high of $2.597 before settling at the current level.

Per the analytical platform, the bullish structure of XRP remains technically intact despite the latest offsets. However, the current outlook shows the coin has not made a major move to break above the resistance point at $2.8. This implies the coin will likely see the bearish scenario play out for a few more days.

The analysis outfit issued two primary price levels for traders to watch. This includes the $2.47 invalidation level and the $2.75 breakout zone. Breaching these two levels can imply a further dropdown or rally for the coin.

Is the $250 Price Target Still Feasible?

In an earlier XRP price analysis, CoinGape reported that market analyst XRP Captain predicted the coin may hit $250 between now and 2026. This forecast is hinged on the premise that Ripple whales were accumulating the coin rapidly.

While analysts are generally optimistic regarding Ripple, this is by far the most ambitious projection for the coin. As reported earlier, the influence of the coin’s supply was showcased as a major bane toward achieving this massive projection.

However, the environment remains promising, considering the pro-crypto outlook of the United States government.

Ripple Lawsuit Impact

Bringing the Ripple Labs versus United States Securities and Exchange Commission (SEC) lawsuit is key to the future of the XRP price. Earlier, Coinbase and the US SEC agreed to dismiss their lawsuit, which is pending the commission’s approval. The community is optimistic that the Ripple Labs lawsuit will be the next in line to be dismissed.

Beyond this, the impact of the potential XRP ETF approval on the coin’s price is also profound. Despite the effects of the Bybit hack and the current consolidation, the optimism for a massive breakout is high.

✓ Share:

Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

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.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io