News
Shiba Inu and Dogecoin see major bullish developments. Can the DOGE price reach 10 dollars?
Shiba Inu (SHIB) and Dogecoin (DOGE) have recently seen major bullish developments that suggest the major meme coins may be primed for significant upward moves. In the meantime, ETFSwap (ETFS) it also appears poised for a parabolic move, considering the impressive demand the crypto token has seen since its launch.
Cryptocurrency Investors Invest $1.2 Million in ETFSwap (ETFS)
The ETFSwap (ETFS) cryptocurrency pre-sale has been a huge success so far, with investors investing $1.25 million in phase 1 of the presale and accumulating 200 million ETFS tokens in the process. This represents a bullish development for the crypto token given how much its price could rise due to this.
The bullish sentiment towards ETFSwap (ETFS) is due to its utility and the role the crypto token plays in the future of global finance. ETFS is the native token of ETFSwap, a blockchain-based platform that tokenizes Exchange Traded Funds (ETFs) and allows them to be traded on-chain.
ETFSwap (ETFS) will act as a bridge between traditional finance (TradFi) and decentralized finance (DeFi). Investors can convert their ETFs to cryptocurrencies and vice versa using the crypto token. This makes it easy for investors to diversify their portfolios between traditional and crypto assets, all in one place.
ETFSwap (ETFS) tokenomics is another reason why these investors are bullish on the crypto token. It has a total supply of 1 billion tokens, and these tokens are distributed evenly, with no one having enough to upset the charts and cause significant market volatility.
The team has also implemented a vesting program to maintain a stable and sustainable market for investors. These ETFSwap (ETFS) the tokens will be awarded for five months and gradually released into circulation rather than all at once. ETFSwap (ETFS) also demonstrated its commitment to the long-term success of the project by awarding the 60 million tokens awarded for five years.
ETFSwap (ETFS) tokenomics also shows that the project is community-focused, encouraging users to be long-term holders rather than trying to sell their holdings for minimal profits. 400 million ETFS tokens are earmarked for pre-sale, while another 40 million tokens are set aside for community rewards.
It is also worth mentioning that CyberScope, a leading cybersecurity and blockchain audit firm, also conducted a complete audit on the ETFSwap (ETFS) ecosystem. The audit further boosted investor confidence as no vulnerabilities or security flaws were identified in ETFSwap’s (ETFS) smart contracts or underlying infrastructure.
The Shiba Inu Whales (SHIB) are betting everything on meme money
Shiba Inu (SHIB) could soon witness a parabolic move following recent developments. On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) send that two whales spent $35.2 million to purchase 1.356 trillion Shiba Inu tokens (SHIB).
Also Spot On Chain, another on-chain analytics platform revealed another whale that recently purchased 715.8 billion Shiba Inu tokens (SHIB). These purchases highlight the bullish sentiment towards the meme coin. Furthermore, these Shiba Inu (SHIB) whales are known to have a huge impact on the market and could lead to Shiba Inu (SHIB) price discovery, resulting in further price increases for the meme coin.
Dogecoin (DOGE) could reach $10
Recently crypto analyst Javon Marks expected That Dogecoin (DOGE) it could reach $10 in this bull run. He alluded to a breakout trend that showed that Dogecoin (DOGE) may already be on its way to reaching that price level. The chart shared by the analyst shows that Dogecoin (DOGE) could even surpass $10 and go as high as $16.
The breakout trend that Marks was referring to is the fact that Dogecoin (DOGE) has seen increasingly massive gains in each subsequent bull run. Therefore, he believes that Dogecoin (DOGE) will again enjoy larger price gains in this bull run compared to that of 2021, when Dogecoin made a move of over 20,000%.
Conclusion on more reasons to be bullish on ETFSwap (ETFS)
The ETFSwap (ETFS) beta platform is scheduled to launch in July, giving cryptocurrency investors more reasons to be bullish on the ETFS token. Furthermore, the Spot ETF on Ethereum it is expected to begin trading around that time, providing more bullish momentum for altcoins like ETFSwap (ETFS). Considering this, cryptocurrency
For more information on ETFS cryptocurrency presale:
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality and accuracy of the materials contained in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk