The crypto market was recently hit by a massive liquidation that resulted in a significant drop in value for most assets, including Bitcoin (BTC), which fell below the $50,000 mark for the first time in six months. The dip also affected top meme coins, including Shiba Inu (SHIB) and Pepe (PEPE), spurring a Dogecoin trader to shift his investment into ETFswap (ETFS). This article discusses why the Dogecoin trader chose to invest in ETFSwap (ETFS) as the crypto market continues to battle a severe bearish climate.
ETFSwap (ETFS) Emerges Dogecoin Trader’s Choice Amid Market Dip
ETFSwap (ETFS) is a crypto ETF trading platform that facilitates the trading of tokenized exchange-traded funds (ETFs) on the blockchain. The tokenized ETFs will be available for trading on a comprehensive web3 marketplace designed to give crypto newbies and experts a unique trading experience.
Also, the ETFSwap (ETFS) platform has been certified by Cyberscope. This world-renowned blockchain security firm thoroughly audited its smart contract for vulnerability but found it clean and fully equipped to withstand all cyber attacks. In addition, the ETFSwap team was verified by SolidProof, a smart contract security auditing firm based in Germany. Therefore, the Dogecoin trader and other users are assured that their investments within the ETFSwap (ETFS) ecosystem are safe.
At the core of the ecosystem is an altcoin ETFS, a standard ERC-20 token. ETFS serves as the native token of the ETFSwap (ETFS) platform and grants all holders access to trade tokenized ETFs. Aside from that, users who buy it now in the platform’s ongoing presale event at $0.01831 per coin will make an automatic yield on their investments as the altcoin will increase in price to $0.03846 soon. The Dogecoin trader is undoubtedly aware of this, prompting him to choose this haven amidst the severe market dip.
Shiba Inu (SHIB) Whales Liquidate 1.2 Trillion SHIB
The meme coin sector took a big hit with the recent market dip as its market capitalization suffered a 23% decrease to about $33 billion. Dog-themed meme coin Shiba Inu (SHIB) seemed to see the worst as whales scampered for safety, liquidating 1.2 trillion Shiba Inu tokens in just 24 hours.
According to an analysis of the Shiba Inu (SHIB) chart, the meme coin is battling a bearish trend, making it difficult to rise above significant resistance levels. Also, the Shiba Inu (SHIB) chart indicates that the altcoin 100, 200, and 50-day exponential moving averages (EMA) all hint at continuous sell pressure.
Therefore, Shiba Inu (SHIB) is unlikely to see any significant price recovery in the coming days, which could be why the Dogecoin trader steered clear of investing in the altcoin. Nevertheless, since it is affected by volatility like all cryptocurrencies, its price could change and sporadically take an upward turn. Currently, Shiba Inu (SHIB) trades at $0.00001286 and ranks 15th in the crypto market, according to CoinGecko.
Pepe (PEPE)
Pepe (PEPE) is an Ethereum-based frog-themed meme coin inspired by internet meme and comic character Pepe the Frog. One of Pepe’s (PEPE) unique selling points is its no-tax policy and transparency. Pepe (PEPE) recently experienced a severe drop in value as the crypto industry faced a market-wide price correction.
According to the asset tracking platform, CoinGecko Pepe (PEPE) has plunged by over 40% in the past seven days and is trading far from its all-time high of $0.00001717 by over 59%. Currently, Pepe (PEPE) is worth $0.000000690 and ranks 29th in the crypto market.
Conclusion
As the bears and bulls continue to battle over the supremacy of the crypto market, ETFSwap (ETFS) is shining as a beacon on the horizon, and its presale event assures all investors of yield on their investments. Also, according to predictions by experts, the altcoin is expected to surge to the $3 mark ahead of launch and listing. In less than 30 days, ETFSwap (ETFS) will launch a beta version of its platform, accelerating the timeframe for the main platform launch.
This opportunity is too good to miss, and it is serving as the catalyst pushing several investors including the Dogecoin trader to shift their investment into ETFSwap (ETFS).
For more information about the ETFS Presale:
