Altcoin
Dogecoin Price Will Rally 10x To $1 By December, Shiba Inu Will Rally To $0.0005, While ETFSwap (ETFS) Goes From $0.03846 To $35
The markets are always buzzing with predictions, and the latest one is turning heads. Dogecoin price, a fan favourite, is expected to rally to $1 before December. Shiba Inu (SHIB), however, could shoot up to $0.0005. But perhaps the most shocking of them all is ETFSwap (ETFS), an Ethereum token, which could rise from $0.03846 To $35.
ETFSwap (ETFS) Shows Promising Signs Of Long-term Prospects And Sustainability
The core feature of ETFSwap (ETFS) lies in its ability to tokenize Spot ETFs. By tokenizing real-world assets, including gold, oil, and corn, ETFSwap (ETFS) taps into the massive ETF market and serves as a bridge linking both traditional ETFs and cryptocurrency-focused ETFs. This, in turn, removes the need of intermediaries while promoting flexibility and accessibility of Spot ETFs.
ETFSwap (ETFS) provides its users with low transaction costs. In contrast to traditional platforms, the platform allows large-scale investors, including Shiba Inu investors and institutional investors, to contribute to its liquidity pools. By tapping into the liquidity pools, the platform provides users access to high liquidity for trading tokenized ETFs, thereby allowing trades during periods of high volatility.
ETFSwap (ETFS) allows marginal capital trading for ETFs, enabling users to have access and exposure to an underlying asset without having to directly purchase the asset. This potentially offers traders the ability to maximise both potential returns and risks by borrowing against their existing holdings, which can be highly attractive for investors looking to capitalise in short-term volatility in the marketplace.
A significant step in ETFSwap’s (ETFS) journey is its beta platform. After complete development on the backend of the ETF trading platform, the beta platform has been launched on the testnet, presenting an opportunity for early adopters to test the functionalities and features of the platform before a full ETF launch in 2025.
Furthermore, ETFSwap (ETFS) improves trust and safety for users. To do this, thorough audits were conducted on the platform by Cyberscope, a cybersecurity auditing firm, allowing developers to identify and address weaknesses before they are exploited. In addition, the platform’s team has completed KYC verification by SolidProof, a smart contract security auditing firm.
Dogecoin Price Moves From Meme Coin To Market Powerhouse
Initially, the Dogecoin price gained traction in small online communities, but with significant investors’ attention in 2020 and 2021, Dogecoin ranks among the leading cryptocurrencies with a market capitalization of $16.5 billion. After experiencing massive growth in 2021 at around $0.75, the Dogecoin price has since declined to a current value of $0.11.
Despite the correction in the Dogecoin price, its historical support around $0.05 represents a psychological and institutional floor for more buying activity. As such, if the Dogecoin price breaks the resistance zone of $0.10 to $0.15, it could lead to a bullish wave with the Dogecoin price peaking at $1.
Shiba Inu’s (SHIB) Rise Could Capture The Crypto World
Like the Dogecoin price, Shiba Inu (SHIB) is often driven by social media buzz and whale activity. Shiba Inu’s (SHIB) price is typically volatile, and corrections usually follow upward surges. According to CoinGecko, the price of Shiba Inu (SHIB) is currently at $0.00001803. Hence, the common resistance zone for Shiba Inu (SHIB) is around $0.000015.
In the first quarter of 2024, Shiba Inu (SHIB) broke past the resistance level and if the bullish momentum continues, the price could reach a peak target of $0.0005.
ETFSwap (ETFS) Will Shock The Financial Market
After selling millions of units per presale stage and employing the crypto industry’s market capitalization of about $2.36 trillion and the ETF market’s of $11.5 trillion, ETFSwap’s (ETFS) token will become one of the first tokens to make an unprecedented rally in the financial sector.
The token’s value lies in the decentralisation of its platform and the extensive utility it offers. Currently, the token sells at a discounted rate of $0.03846 but is expected to reach the target of $35. Thus, investors can still participate in the final presale stage before its conclusion.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Asset manager VanEck has registered for a proposed BNB exchange-traded fund (ETF), the latest among the list of its new crypto ETF filings. As a result, the trading volume for BNB Coin has shot up by 42% to more than $2.12 billion, as analysts are now closely watching for a BNB price rally to all-time highs.
In BNB Price Ready for A Mega Rally?
BNB Coin has performed relatively well over the past month compared to Bitcoin and other altcoins. While BTC and top altcoins like ETH, SOL, XRP saw double-digit losses in March, BNB Coin is down just 1% on the monthly chart. After a strong consolidation of around $610 levels, the BNB price could be eyeing a strong breakout to new all-time highs.
BNB Burn and Pascal Hardfork Offer Support
BNB Coin features a real-time burn mechanism that permanently removes a portion of gas fees from circulation. Over the past seven days, 951.85 BNB worth $571,747.74 was burned, contributing to a total burn value of nearly $160 million, as per data from BNBBurn.
BNB’s price recently gained momentum following the implementation of the Pascal hard fork, which enhanced its compatibility with Ethereum. The network is preparing for additional hard forks this month and in June, aimed at further improving transaction speeds.
Additionally, BNB Chain is gaining a lot of popularity among meme coins, adding support for Mubarak meme coin, CZ’s Dog BROCOLLI meme coin, and others.
Looking at the technical setup, the BNB price chart shows that the altcoin is forming a cup-and-handle pattern, along with an ascending channel pattern formation, as shown in the image below.
On the other hand, BNB price is trading above the 50-day moving average, which is a positive indicator. But for the altcoin to kickstart a rally to its all-time high of $790, it must first complete the handle formation at $662, and give a breakout above that level.
As of press time, BNB Coin is trading at $603 levels with its daily trading volume up by 42%, surging past $2.12 billion. Furthermore, the Coinglass data shows that the BNB options trading volume is also up by 46%.
VanEck Files for Spot BNB ETF
$115 billion asset manager VanEck filed for the spot BNB ETF in Delaware on Tuesday, April 1, which could serve as a major catalyst for the BNB Coin rally ahead. The proposed BNB ETF would follow the price of BNB, the fifth-largest cryptocurrency by market capitalization.
Apart from BNB, VanEck has already submitted crypto ETF applications for Bitcoin, Ether, Solana, and Avalanche. VanEck filed for SEC approval last month to launch the first AVAX ETF, building on its success with spot Bitcoin and Ethereum ETFs.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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.
Tether, the developer of USDT, has added 8,888 Bitcoins to its holdings valued at around $735 million at the time of the transaction. This latest market move by the popular stablecoin issuer was reported by Arkham.
In a snapshot offered by Arkham on its official website, it revealed that the stablecoin company withdrew 8,888 Bitcoins from Bitfinex, a leading exchange and Tether’s sister company, on Monday.
Source: Arkham
Tether’s latest transaction pushes its Bitcoin holdings to 92,647, valued at $7.7 billion at current market prices. With this latest boost to its crypto holdings, Tether remains one of the biggest Bitcoin holders in the industry.
Tether Slowly Builds Its Bitcoin Reserve
In the last few weeks, Bitcoin was the among the main agenda of US President Donald Trump for a Strategic Bitcoin Reserve (SBR). But last Monday, Tether made its presence felt by adding more Bitcoins to its already huge crypto reserve.
Tether’s crypto reserve is one of the biggest in the business as it’s used to back up its stablecoin, the USDT. Currently, Tether controls over5 60% of the total stablecoins market, with a market cap of $144 billion, compared to a total of $234 billion valuation for the whole stablecoin industry.
Tether’s latest transaction puts it in the big league, making it the sixth biggest holder of Bitcoin. According to Bitcoin Treasuries, Tether is the second-largest private holder of the asset, below Block.one. But if we zoom out and consider other entities and publicly-traded companies, Strategy (formerly MicroStrategy), and the top spot Bitcoin ETFs issuers beat Tether’s holdings.
Commitment To Invest In Bitcoin
Tether’s latest Bitcoin acquisition reflects the company’s commitment to Bitcoin. Interestingly, the company pledged to use a part of its net profit to buy additional Bitcoins. The company committed last May 2023, and stated that it will use 14% of its net profits to buy additional Bitcoins.
Tether’s most recent Bitcoin purchase was 8,404, which was made last December, which pushed its holdings to 83,759.
$1B USDT Into Reserves
Tether’s latest Bitcoin purchase coincided with the minting of fresh tokens. According to on-chain data, the stablecoin company minted $1 billion in tokens on Tron. Tether CEO Paolo Ardoino has confirmed the minting of a new USDT.
According to Ardoino, the minting of new USDT was authorized, but he insisted that this batch is not yet included in the circulation. They added that the newly minted USDT is now part of their inventory and will be used for future issuance requests. Tether has already minted $8 billion tokens on Tron since the start of the year, and recorded $22 billion worth of USDT minted last year.
Featured image from Pixabay, chart from TradingView
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Crypto expert Egrag Crypto has again predicted that the XRP price could rally to as high as $27. The analyst has also revealed the exact timeline for when the altcoin could record this massive price surge.
Expert Reveals Time For XRP Price To Hit $27
In an X post, Egrag Crypto asserted that the XRP price can hit $27 in 60 days. The expert remarked that historical patterns indicate that the altcoin can reach this target within this timeframe.
Based on this price prediction, XRP could reach this $27 target by June, marking a 1,250% gain for Ripple’s native crypto. The expert’s accompanying chart showed that he was alluding to the 2017 bull run as to why the altcoin could record such a parabolic rally.
In 2017, XRP recorded a historic gain of over 60,000% as it rallied to its current all-time high (ATH) of $3.8 the following year. As such, based on history, a 1,250% increase is nothing for the altcoin.
In the meantime, the XRP price still boasts a bearish outlook thanks to the sentiment in the broader crypto market. As CoinGape reported, Ripple’s coin could drop to the next major support levels at $1.79 and $1.56 if it fails to hold above $2.03.
Decision Time For The Altcoin
In an X post, crypto analyst CasiTrades stated that it is decision time for the XRP price. She noted that the altcoin is showing strength with a bounce right back to the first key test at $2.17. She added that this is the resistance level she wants to see flip into support, as it might be the “most important price of the week.”
The analyst stated that XRP must reclaim this level to build momentum. She added that the $2 level remains a valid target if the $2.17 level rejects. Meanwhile, CasiTrades revealed that $2.70, $3.05, and $3.80 are the major resistance zones once the upward trend is confirmed.
The analyst also mentioned that the XRP price is now fully inside the Fibonacci Time Zone 3, which spans most of April. She affirmed that this is the breakout window market participants have been preparing for and that all signs point to a macro wave.
CasiTrades affirmed that the structure is clean. The RSI divergence has confirmed the bottom, while the subwaves are aligning well with the larger targets. If the next leg pushes XRP back above $2.17 with momentum, she claimed that market participants may finally see obvious signs of Wave 3. Interestingly, the analyst added that if the altcoin clears $2.70 this week, it may break the $1,000 price extension.
For now, investors may remain cautious, especially seeing how XRP fell after the PMI and JOLTS data release earlier today. Donald Trump is also set to announce reciprocal tariffs tomorrow, which could spark a massive price crash.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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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