Heres How Dogecoin (DOGE) And Shiba Inu Shiba Investors Are Feeling Following The Market Recovery
Recently the crypto market began to experience a steady recovery after the market dip, which crippled top meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE). Further, amidst the recovery, a crypto ETF token, ETFSwap (ETFS), garnered massive traction in its ongoing presale phase. This article focuses on the current price performance of Shiba Inu and Dogecoin. It also focuses on why ETFSwap (ETFS) continues to flourish in presale.
ETFSwap (ETFS) Rides Bullish Wave Amidst Market Recovery
ETFSwap (ETFS) is a blockchain-based crypto ETF trading platform that introduces the unique option of trading tokenized exchange-traded funds (ETFs) on-chain. The tokenized ETFs thereby make it possible for everyone in the crypto industry to invest in assets like gold, stocks, and bonds in a fully decentralized manner. Further, users who choose to trade tokenized ETFs will benefit from the ability to extend their profit potential by over 50x on the platforms derivative trading arm.
In addition, users who want to amplify their portfolio can use the networks fractional trading feature. As a decentralized platform, ETFSwap (ETFS) will not require KYC verification for new users, enabling them to sign up and start trading minutes after signing up. ETFSwap (ETFS) also intends to partner with other DeFi giants to boost the growth of the decentralized finance sector. The platform has also agreed to a thorough audit of its smart contract by world-renowned blockchain security firm Cyberscope.
After a meticulous check, Cyberscope found no underlying issues that could make the platform vulnerable to all sorts of cyber attacks. ETFSwap (ETFS) also features a native token, ETFS, which functions as a standard ERC-20 token. The platform also designed ETFS to be a deflationary token, meaning its total supply will continue to decrease, thanks to a burning mechanism.
A steady decrease in the tokens supply will prevent ETFS from becoming overabundant, which can cause it to lose value or become worthless. Instead, it will create a scarcity that will equip ETFS with what it takes to remain relevant in a competitive market. As the platforms native token, ETFS will be responsible for all the activities carried out on the network, including trading of tokenized ETFs.
Therefore, all users who want to access all the features on the network must own a portion of ETFS. However, owning ETFS provides added benefits like staking rewards, bonuses, and access to exclusive investment offers. At the moment, the only way to buy ETFS is to participate in the platforms ongoing presale event, where it is offering the token at a low price of $0.03846.
Shiba Inu (SHIB) and Dogecoin (DOGE) Investors Battle Indecision
A recent report by Santiment, an on-chain market intelligence platform, indicates that Shiba Inu investors are battling a high level of FUD. According to Santiment, the percentage of Shiba Inu holders with less than 1 billion SHIB in their wallets has hit its lowest level since November 2022.
In addition, Santiment maintains that Shiba Inu is also experiencing a decline in social media interest, resulting in a pessimistic sentiment among Shiba Inu investors. Further, another report shows that Shiba Inu is lagging in trading volume amongst other meme coins, including its foremost competitor Dogecoin (DOGE).
However, Santiment also indicates that Dogecoin (DOGE) has not fared better, showing no signs of FOMO despite the recent market recovery. Further, Dogecoin (DOGE) investors have been indecisive, with Santiment speculating that the meme coin is now at break-even. According to CoinGecko, Shiba Inu currently trades at $0.00001340, ranking 16th in the crypto market. Also, Dogecoin (DOGE) exchanges hands at $0.10 and ranks 9th in the crypto market.
Conclusion
While Shiba Inu (SHIB) and Dogecoin (DOGE) investors are battling FUD, the reverse is the case for ETFSwap (ETFS), as investors from all regions are currently rushing to buy it in presale. One of the major factors propelling the investors is experts prospect of ETFS surging to the $5 mark as the crypto market begins a steady recovery. So hurry today and buy ETFS without delay.
For more information about the ETFS Presale:
Text source: TronWeekly
