While the broader market is experiencing a slight downtrend, Shiba Inu (SHIB) is bucking the trend, with analyst predicting a significant price surge. In stark contrast, the Dogecoin (DOGE) chart displays a death cross, hinting at a potential price drop. Despite this market volatility, ETFSwap (ETFS) is emerging as a strong contender, showcasing impressive performance and utility that could outpace both tokens.

Analyst Say Shiba Inu Will Surge By 400% Soon

According to an analyst, Shiba Inu’s chart suggests that it is recovering from oversold conditions despite remaining below its previous week’s price. Yet, Shiba Inu’s relative strength index bounced from 30 to nearly 50 this morning, July 23, indicative of a resurgence in momentum and buying pressure. However, Shiba Inu’s 30-day moving average recently dipped below the 200-day moving average, suggesting a potential short-term decline before a sustained recovery. 

Despite this, Shiba Inu’s trading volume remains healthy, exceeding $350 million, indicating continued interest in the token. A panel of 13 analyst predicts a significant gain for Shiba Inu (SHIB) by 2030, with an average forecast of $0.000045, a 400% increase from its current price. This projection from an analyst is further bolstered by the recent launch of Ethereum ETFs and the anticipated arrival of rate cuts later this year. 

ETFSwap (ETFS): ETF Trading Poised To Overtake Shiba Inu and Dogecoin 

ETFSwap (ETFS) is a unique platform that aims to leverage blockchain technology to deliver decentralized on-chain access to trading and investing in ETF assets from the global market. It achieves this by blending traditional finance and DeFi, incorporating tokenized ETFs representing real-world assets, and partnering with MiCa-compliant investment banks to deal with crypto and security. 

According to an analyst, ETFSwap (ETFS) presents exciting prospects, especially as ETFs continue to grow more popular in the crypto landscape. The platform gives traders seamless access to the most sought-after ETF assets from various industries, such as energy, engineering, healthcare, and crypto ETFs. In their tokenized form, these ETFs are backed by real-world assets like gold, silver, oil and gas, etc., which are purchased from traditional markets. 

Some notable benefits available for ETFSwap (ETFS) users include fast settlements, easy convertibility between cryptocurrencies and ETFs, lending for liquidity, passive income from staking yields, round-the-clock trading, and permissionless trading. Furthermore, traders can open and close trade positions whenever they want and customize their trading strategies based on their needs and preferences. 

Unlike most trading platforms, ETFSwap (ETFS) incorporates AI-powered tools like the ETF Screener and ETF Tracker, which equip users with valuable insights and make them better informed about investing in profitable ETFs. The platform has also eliminated the requirement for KYC information to streamline the user entry process. This feature has attracted over 10,000 users, with analyst projecting a significant 40000% surge for the platform. Lastly, the ETFSwap (ETFS) team has been KYC verified by SolidProof, a reputable blockchain security firm ensuring security for its investors.

Dogecoin (DOGE) Looks Bearish Following Death Cross On Charts

Dogecoin’s price trajectory has become increasingly ambiguous after the recent formation of a death cross on its daily chart. While this technical indicator traditionally signals a potential downtrend for Dogecoin (DOGE) as the 50-day Simple Moving Average (SMA) dips below the 200-day SMA, contradictory signals emerge from other technical metrics. The Awesome Oscillator, a momentum-based indicator, is green, suggesting that Dogecoin’s short-term buying pressure is outpacing selling pressure. 

Additionally, the Chaikin Money Flow (CMF) is rising, indicating a consistent inflow of liquidity into the Dogecoin (DOGE) market. Despite this optimistic outlook, analysts say the death cross could be a precursor to a temporary price correction within an otherwise upward-trending market. If the bearish scenario unfolds, Dogecoin’s price may decline to $0.12, with a further drop to the six-month low of $0.09 if support at $0.12 is breached. 

Conclusion 

While Shiba Inu and Dogecoin show promise of a potential breakout, the massive liquidity drawn to ETFSwap (ETFS) places the new platform ahead of both tokens. So join the ETFSwap (ETFS)

 ecosystem now at its affordable $0.1381 price. Moreover, an analyst predicts that ETFSwap (ETFS) is set for up to 40,000% ROI, especially when it launches its ETF.

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