Approval in Shiba Inu ETFs could trigger a wave of speculative trading, with investors anticipating a massive rise in the price of Dogecoin (DOGE) and other rival tokens. One such Dogecoin rival is ETFSwap (ETFS), which experts believe could experience a 2,200% uptick in 10 days.
ETFSwap (ETFS) Will Attract Memecoin Traders
ETFSwap (ETFS) is anticipated to attract meme coin traders, including Dogecoin whales. The majority of the inflows into Shiba Inu ETFs are expected to flow through ETFSwap (ETFS). This is largely due to the platform's ability to tokenize exchange-traded funds (ETFs), turning these Shiba Inu ETFs into tokens for on-chain trading.
The tokenization allows both Shiba Inu (SHIB) and Dogecoin (DOGE) traders, as well as other retail investors, to hold fractionalised and blockchain-based shares of Shiba Inu ETFs. This, in turn, enhances liquidity and makes it easier to trade in smaller increments. In addition, it simplifies access for institutional investors who prefer decentralised finance platforms (DeFi) over traditional exchanges.
Unlike traditional exchanges, investors no longer have to deal with the challenges and complications of KYC requirements, bank transfers, or high transaction fees typical of centralised exchanges. As such, ETFSwap (ETFS) is preferred by investors due to its dominant market share and the accessibility it offers to Spot ETFs, including Shiba Inu ETFs.
Consequently, ETFSwap (ETFS) is changing the way investors interact with these ETFs by providing a way to amplify their return on investment. To do this, the platform allows investors to engage in Futures contracts by buying or selling ETFs at a predetermined price on a future date, enabling speculation on future price movements, which adds another layer of investment strategy.
ETFSwap (ETFS) has launched its beta phase, providing more investors with the advantage of interacting with the DeFi platform's features before the main launch. In anticipation of the launch, ETFSwap (ETFS) has addressed financial and legal requirements to build trust with Shiba Inu (SHIB) and Dogecoin (DOGE) investors. This includes completing KYC verification by SolidProof, a smart contract security auditing firm, and undergoing security audits by Cyberscope, a cybersecurity auditing firm, to identify potential vulnerabilities.
ETFSwap (ETFS) Prepares For Takeoff As Shiba Inu ETFs Drive Adoption Buzz
Shiba Inu ETF approval could mark the first time a meme coin receives institutional legitimacy in the form of an ETF. This adoption could create a frenzy among popular meme coins and altcoins with rapid spikes in price value, particularly Dogecoin (DOGE).
Another altcoin that could be affected by this excitement is a Dogecoin (DOGE) rival. Unlike Dogecoin (DOGE), approval in Shiba Inu ETFs could lead to a majority of the inflows passing through ETFSwap (ETFS). As such, the platform's native token could be susceptible to volatility and rapid price movements, potentially leading to a 2,200% rally In 10 days.
Currently, ETFSwap's (ETFS) team has implemented protocol upgrades designed to contribute to market optimism for its native token, which has extensive utility relevant to future applications. Additionally, ETFSwap (ETFS) has implemented a token burn mechanism to reduce the token supply and contribute to a price surge.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Although the psychological effect of Shiba Inu's ETF success could spread to other meme coins like Dogecoin (DOGE), ETFSwap's native token is positioned as a prime beneficiary. As a result, the number of token holders is expected to rise, and they will have the voting rights to participate and influence the governance system of ETFSwap (ETFS), potentially sustaining the value of the token in future price movements.
Conclusion
Despite the surge, ETFSwap's underlying utility and use cases remain unquestionable compared to other meme coins. While it provides short-term gains, investors need to consider the long-term viability of ETFSwap (ETFS). This is why investors need to act fast and purchase the crypto token while it is in the final stages of its presale.
It is currently selling for $0.03846. However, users can enjoy a 50% bonus when they use the “ETFS50” promo code.
For more information about the ETFS Presale:
