Published: August 09, 2024 at 1:00 pm Updated: August 09, 2024 at 12:21 pm
The crypto landscape is turning to two DeFi tokens for explosive gains amid current market conditions: Shiba Inu (SHIB) and new presale sensation ETFSwap (ETFS). Crypto analysts believe that both cryptocurrencies show potential for huge market gains, and investors are looking to take positions ahead of the momentum.
However, ETFSwap (ETFS) stays ahead and is favored by analysts due to its ongoing presale and the positive narrative around ETFs. The new ETF trading platform has emerged on presale, raising over $3 million in a month; read on to learn more.
Analyst Says Shiba Inu (SHIB) Could See Massive DeFi Growth
Shiba Inu (SHIB) emerged as a strong contender to Dogecoin (DOGE), leveraging community strength and the power of meme culture. Shiba Inu (SHIB) launched as an ERC-202, which is now the foundation for some of the strategic moves the meme coin community has made over Dogecoin (DOGE).
Shiba Inu (SHIB) capitalized on the Ethereum (ETH) framework to offer utilities, including a decentralized exchange (ShibaSwap), NFTs, a layer-2 network (Shibarium), and many more initiatives targeted at associating value to SHIB holders. As it stands, Shiba Inu (SHIB) is projected to see continued growth due to the increasing attention on the meme coin, and analysts forecast a potential 500x surge.
Meme coins, including Shiba Inu (SHIB), showed their hands earlier in March when market momentum was at its best. Therefore, investors remain confident that a meme coin run is still around the corner, and Shiba Inu (SHIB) is a favorite coin to target for massive gains.
Shiba Inu (SHIB) is trading at $0.00001347 as of this writing, with a market cap of about $8 billion. While the meme coin has seen bearish price action in the past week, Shiba Inu (SHIB) remains strong relative to other market meme coins.
However, analysts favor the new market entrant ETFSwap (ETFS), over the meme coin amid the impressive activity of spot Bitcoin and Ether ETFs.
ETFSwap (ETFS) Investors Target 50,000% Returns Ahead Of Launch
Investors are generally impressed with the prospects of the new platform, ETFSwap (ETFS), and this is reflected in the growing presale numbers. While early investors are capitalizing on the underpriced presale opportunity, analysts believe that ETFSwap (ETFS) will drive the crypto landscape into a new era of trading.
ETFSwap (ETFS) is an Ethereum-based platform that will offer on-chain access to the global ETF market using tokenized ETFs. These tokenized assets will be backed by true ETF securities purchased from traditional markets, which will offer cross-compatibility with cryptocurrencies. More so, ETFSwap (ETFS) will partner with MiCa-compliant institutions that trade both the crypto and securities markets.
Leveraging the Ethereum (ETH) network for its robust DeFi infrastructure and security, ETFSwap (ETFS) aims to bridge access to ETFs in both centralized and decentralized markets. Thus, the new ETF platform is set to offer much more flexibility and higher liquidity than trading on centralized platforms.
Other benefits will include 24/7 trading, no-KYC, fast settlements, passive income from staking yields, lower trading costs, and many more. More than the listed benefits, ETFSwap (ETFS) will offer an investment alternative for crypto investors to diversify into. Considering the growing popularity of crypto ETFs, ETFSwap (ETFS) is just right in time to benefit from the bullish momentum.
ETFSwap (ETFS) also recently completed KYC with SolidProof, which verified the individual identities of team members. Market analysts believe this move improves the credibility score for the new project as it continues to raise millions.
Conclusion
Shiba Inu (SHIB) and ETFSwap (ETFS) are two of the best market prospects with the potential for 500x gains, as analysts say. However, ETFSwap (ETFS) is seeing higher traction for its supposedly lower risk potential while the token trends firmly on presale. The presale has raised over $4 million in only a few months and is on pace for the best market run of the year.
Get in early now and buy in at $0.01831 on the ETFSwap (ETFS) presale before the price increases to $0.03846.
For more information about the ETFS Presale:
Visit DeFi Daily News
Join The ETFSwap Community
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
