A crypto analyst has predicted that ETFSwap (ETFS) will lead the upcoming 2024 bull run, potentially surpassing Dogecoin (DOGE) and Shiba Inu (SHIB).
A crypto analyst has unveiled the next crypto project set to lead the 2024 bull run, outpacing prominent cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB). According to this analyst, ETFSwap (ETFS) has positioned itself as a frontrunner in the upcoming bull market, garnering the attention of institutional investors and crypto enthusiasts alike.
Dogecoin (DOGE) Volatility Points To Stagnation
According to data from IntoTheBlock, Dogecoin (DOGE) has been trading sideways for the past few weeks. The cryptocurrency’s price fundamentals have exhibited some volatility, marked by sporadic declines followed by modest gains.
IntoTheBlock also revealed that Dogecoin (DOGE) has recorded its lowest price level in the last 30 days. The on-chain analytics platform has attributed the cryptocurrency’s unstable performance and lack of action to low volatility. This implies that the cryptocurrency has been witnessing a decline in interest from short-term speculators and traders, potentially resulting in a stagnant price.
CoinMarketCap has recorded a 4.37% decrease in the dog-themed meme coin over the past month, highlighting Dogecoin’s failure to overcome bearish resistance. At the time of writing, the cryptocurrency’s price is trading at $0.15, marking a 3.78% decline in the last seven days.
Shiba Inu (SHIB) Experiences Price Fluctuations
Similar to Dogecoin (DOGE), the price of Shiba Inu (SHIB) has been experiencing a series of unpredictable declines and gains recently. According to data from market research platform, Santiment, Shiba Inu’s daily active addresses fell by 50% earlier this month.
After experiencing a 2.98% price increase over the past month, the cryptocurrency plummeted again by 0.58% in the last seven days. This price fluctuation is typical for meme coins, which are highly susceptible to small changes in market sentiment and social trends.
Despite multiple predictions of a substantial surge as the bull market kicks off, Shiba Inu’s price fundamentals have been less than impressive lately. At the time of writing, the cryptocurrency is trading at $0.000023, unable to revisit its previous record high in March of over $0.00004.
ETFSwap (ETFS) Sets The Stage To Lead 2024 Bull Run
ETFSwap (ETFS) has been gaining a significant amount of traction lately, capturing the attention of the broader crypto market. Unlike Dogecoin (DOGE) and Shiba Inu (SHIB) which are currently experiencing significant price volatility, ETFSwap (ETFS) is surging considerably, recording a steady rise in users and investors.
Analysts have predicted that ETFSwap (ETFS) will potentially spearhead the upcoming bull run in this current market cycle. This forecast is attributed to the crypto platform’s underlying fundamentals and its overperformance in the past few weeks.
Prior to its ongoing presale, ETFSwap (ETFS) conducted a private fundraising round, which raised over $750,000, achieving the project’s funding target. Additionally, the trading platform has seen a massive surge in demand for its native token, ETFS, as more than 80 million tokens were sold in just the first stage of its presale.
The sentiment surrounding this crypto project is also driven by its innovative approach to decentralized trading. ETFSwap (ETFS) currently provides regulated, institutionally listed Exchange Traded Funds (ETFs) for trades. Users of this platform can purchase and trade a wide range of exchange-traded funds (ETFs), including the infamous Spot Bitcoin ETF, leveraged ETFs, fixed-income ETFs, commodities ETFs, and cryptocurrency futures and spot ETFs.
Furthermore, ETFSwap (ETFS) offers users extremely sophisticated trading solutions together with real-time performance tracking tools for ETFs. This platform also delivers a safe and reliable trading environment for users to execute transactions and manage their ETFs.
With the use of blockchain technology, ETFSwap (ETFS) aims to fully exploit the potential of tokenized ETF trading while ensuring user security and transparency. This platform also offers perpetual futures and options trading providing traders up to 50x leverage on all ETFs listed.
As a decentralized exchange, ETFSwap also provides anonymous trading options, enabling users to keep their identities private while performing trades. Unlike traditional ETF platforms, there are no KYC requirements on ETFSwap. This expedites the process of opening an account and limits the ability of third parties, such as financial institutions and authorities, to interfere.
With anticipation surrounding ETFSwap’s preparation to lead the next bull run, investors are taking advantage of its ongoing presale to purchase tokens at a lower price. Early investors can potentially reap more profits as ETFS tokens gradually increase in value as the platform evolves.
Currently, the cryptocurrency is priced at $0.00854 in the first presale phase. However, during the second presale, ETFS is poised to increase to $0.01831, potentially setting the stage for a mega rally to new all-time highs in the forthcoming bull run.
For more information about the ETFS Presale:
