Bitcoin Whale Dumps $1.2 Million To Move Into Dogecoin Alternative Amid Shiba Inu Price Struggles

October 14, 2024
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3 min read

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As Shiba Inu (SHIB) continues to battle fluctuating price movement, a Bitcoin (BTC) Whale has dumped $1.2 million worth of it to move to a muchmore stable and more promising cryptocurrency — ETFSwap (ETFS). Known as the Dogecoin (DOGE) alternative to some investors, ETFSwap (ETFS) is set to explode in the coming bull market as indicators show it will replicate the massive run of Dogecoin (DOGE) in 2021. 

ETFSwap (ETFS) Upcoming 30,000% Run Draws Crypto Whales

Like Dogecoin (DOGE) in 2021, ETFSwap (ETFS) is about to increase the worth of many crypto wallets by 30,000%. But that's not what makes ETFSwap (ETFS) a Dogecoin (DOGE) alternative or the only reason the Bitcoin (BTC) Whale is selling off their $1.2 million worth of Shiba Inu (SHIB). The key reason lies in the offerings and strong value of ETFSwap (ETFS). The ETFSwap (ETFS) blockchain ecosystem consists of a DeFi trading platform and utility token set to revolutionize the crypto market. Starting with the ETFSwap DeFi platform; it is designed to enable the trading of real-world exchange-traded funds (ETFs) on the blockchain. This approach to bridging traditional finance with cryptocurrency is seeing rising interest.

The ETFSwap (ETFS) trading platform isn't designed simply to buy tokenized ETFs. Rather, the platform offers perpetual trading and staking facilities. Its perpetual trading allows users to trade ETFs in sectors like transportation, technology, health, etc., using long and short options to get up to 50x gains. The ETFSwap (ETFS) platform is fitted with an AI-powered ETF Tracker and Screener to use its trading system effectively. These tools allow users to track the real-time market performance of ETFs. They also read and analyze trading data to give predictive analysis. 

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The staking facilities of the ETFSwap (ETFS) platform are connected to its native token. This gives the token strong utility and long-term worth. To get up to 36% from the staking pool, the ETFSwap (ETFS) token must be staked. Other utilities of the token on the DeFi platform include access to premium tools. With the ETFSwap (ETFS) native token, users can use the ETFSwap (ETFS) DeFi platform without charge. They also get to enjoy discounts on transaction fees. 

Seeing the utilities of the ETFS token, experts say it's poised for long-term growth as its worth will keep rising as the ETFSwap platform continues to welcome more users. Already, over 900,000 people are on the wait list for the platform launch, which is scheduled to happen in a couple of days. Looking at this long-term growth and the potential for the token to rise by 30,000%, the Bitcoin (BTC) Whale has been drawn to the token’s ongoing presale. In fact, the huge numbers of presales indicate strong bullish momentum that will increase in the coming bull run. To put this success in numbers, the ETFS token has raised over $4.5 million in just a few weeks. 

Shiba Inu (SHIB) Faces Massive Sell-off 

Shiba Inu (SHIB) once had a massive rise which the Bitcoin (BTC) Whale Benefited. However, Shiba Inu (SHIB) has been battling tough times in the past few months. Just recently, due to the recent market decline, Shiba Inu (SHIB) met resistance at $0.00001740, leading to a further drop in price. This has exposed lots of Shiba Inu (SHIB) traders to liquidation. Given this, many, like the Bitcoin (BTC) Whale, have sold their holdings. For the Bitcoin (BTC) Whale, they chose to move to the ETFSwap (ETFS) token, the Dogecoin (DOGE) alternative, which is set to soar by an astonishing 30,000% immediately after listing on major crypto exchanges. This increase surpasses that of Dogecoin (DOGE) in 2021. 

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Conclusion 

On the 24-hour chart, Shiba Inu (SHIB) remains bearish, further down by 3%. With more investors set to sell off their bags like the Bitcoin (BTC) Whale, the meme coin will decline further. 

However, as the ETFSwap (ETFS), the Dogecoin (DOGE) alternative, enters the last presale stage and is set to launch its CyberScope audited website, it's set for a parabolic. Now is the time to buy the ETFS token for only $0.03846 to enjoy this massive pump. 

For more information about the ETFS Presale:

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This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance. Always ensure to carry out due diligence.

About Brand Press: This is a sponsored content service, enabling brands to directly engage with our technology-focused audience. Please note that Brand Press content is created independently of Techpoint Africa's editorial team.

Interested in reaching our dynamic readership? Connect with us at business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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