- October 13, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Crypto analysts have continued to make ambitious price targets regarding how high the Shiba Inu price and the Dogecoin price can rise in the long term. However, several factors indicate the Shiba Inu price and Dogecoin price might eventually reach these price targets. Therefore, investors are better off focusing on the ETFSwap (ETFS) token, which is set to rally by 5,233% in 10 days.
Analyst Says ETFSwap (ETFS) Token Will Rally 5,233% In 10 Days
An analyst has predicted that the ETFSwap (ETFS) token will rally 5,233% in 10 days from its current price of $0.03846 in its ongoing presale. The analyst stated that this price rally will happen as soon as the token gets listed on exchanges. He further explained that the demand for the ETFS token will be massive as investors will be looking to access the tokenized exchange-traded funds (ETFs) on the ETFSwap platform.
The ETFSwap (ETFS) token will enjoy this impressive demand because investors will need the token to invest in the tokenized ETFs on ETFSwap. Investors will simply swap the ETFS token for their desired ETF. Interestingly, this prediction comes amid the announcement that the ETFSwap beta platform will go live soon enough.
Such a bullish announcement has only boosted the analyst’s confidence that ETFSwap (ETFS) will record this massive price rally. Some investors are already looking to position themselves for this beta platform launch by buying as many tokens as possible during the ongoing presale. It is worth mentioning that only token holders will be able to access the beta platform once it launches.
The wait for the beta platform won’t take much longer, as the ETFSwap (ETFS) team has already launched it on the Ethereum testnet. They are currently testing the platform and implementing necessary improvements to enable users to enjoy the best interface around.
Once the beta platform goes live, investors will be able to swap their ETFs for crypto assets and vice versa using the ETFSwap (ETFS) token, thanks to this user-friendly interface. Users will also gain access to the liquidity pools. They can provide liquidity to these pools and enjoy up to 30% of the fees from token swaps.
Additionally, the staking feature will also be integrated into the beta platform. This allows users to stake their ETFs and earn impressive yields. The feature also extends to crypto assets on the decentralized trading platform. Investors can stake the platform’s ETFS token and earn up to 78% annual percentage yield (APY).
Shiba Inu Price And Dogecoin Price Unlikely To Reach Ambitious Targets
The Shiba Inu price and Dogecoin price are unlikely to reach the ambitious price targets of $0.1 and $50, respectively. Factors such as SHIB’s circulating supply will hinder the Shiba Inu price from reaching this target. Experts have said that over 50% of the meme coin’s circulating supply will need to be burnt for the Shiba Inu price to rise to $0.1. However, burning this amount of SHIB tokens is almost impossible, meaning that the Shiba Inu price cannot reach $0.1.
Meanwhile, it is also almost impossible for the Dogecoin price to reach $50. DOGE has a circulating supply of 146.26 billion tokens, meaning that the meme coin will have a market cap of $7 trillion if the Dogecoin price reaches $50. However, attaining a market cap of $7 trillion is impossible, considering the whole crypto market is valued at around $3 trillion. Therefore, Dogecoin’s price cannot reach $50.
Conclusion
Investors are better off buying the ETFSwap (ETFS) token rather than hoping for the Shiba Inu price and Dogecoin price to hit almost impossible price targets. Investors who buy the ETFSwap (ETFS) in its ongoing presale will enjoy a 50x ROI when the token records the 5,233% price rally in 10 days.
