Last updated: 13.06.2024 – 21:24
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According to the sponsored content poster, key on-chain metrics and market analysis for Shiba Inu indicate that the meme coins may rise, as a certain crypto analyst noted. While Meme coins have seen significant growth in the past year, it is unclear whether the new project ETFSwap (ETFS) pre-sale will be successful. There is a risk of investment loss.
Can ETFSwap (ETFS) Succeed?
ETFSwap (ETFS), whose future is uncertain according to the content creator, could allegedly offer exposure to the growing bullish narrative around asset tokenization and real-world assets.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
Spot Bitcoin ETFs launched earlier this year and have generated over $15 billion in inflows since they began trading, according to the content creator. ETFSwap (ETFS), whose new project future is uncertain, expands beyond crypto ETFs into technology, energy, healthcare, commodities, etc. It is claimed that it can list ETFs from various sectors, including. It is not certain, it may fail or there is a risk of investment loss.
Given the impressive numbers in crypto ETFs, the growth prospects of a broader market for tokenized ETFs could signal an exciting rally, according to his team.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
The new ETFSwap (ETFS) platform, with an uncertain future, is a platform for fast settlement on ETF assets, fast ETF-to-crypto swaps, lower transaction costs compared to trading on centralized platforms, seamless portfolio diversification, staking and lending opportunities, and truly decentralized permissionless trading. It is reported that it promises advantages such as roads. However, it is uncertain whether it will be successful or not, and there is a risk of investment loss.
Crypto Analyst Predicts 10X Gain in Shiba Inu Amid Skyrocketing Burn Rate
Onchain data shows that Shiba Inu burn rate, a key metric for tracking transactions to dead-end wallets, has skyrocketed by 15,654%. Token burns are often considered bullish because they shorten supply and have become the identity of the Shiba Inu community. Recently, Shiba Inu celebrated the third anniversary of Vitalik Buterin burning 410 trillion SHIB tokens, which was the birth of token burning culture.
The latest burn on Shiba Inu involved 1,752,654 coins removed from circulation, as shown on Shibburn. The constant token burn in Shiba Inu is creating bullish expectations for the meme coin, with one particular crypto analyst predicting a 1,000% rally in Shiba Inu.
Shiba Inu has a market cap of $13 billion and is trading around $0.00002284 as of this writing. However, crypto analyst Moataz “Eljaboom” Elsayed predicted that the meme coin could skyrocket to $0.00024 and clear one zero from its current price for a 10x gain.
According to the crypto analyst, price activity on the Shiba Inu weekly chart displays a similar pattern to that in 2021, shortly before the price increase triggered by the Binance listing. He discussed the correction trend following the Binance listing, the consolidation phase for the meme coin, and how Shiba Inu holds a key support range for an eventual breakout.
Based on this formation, Elsayed believes the Shiba Inu may see a similar uptrend in the near future.
Conclusion
According to the sponsored content poster, the crypto analyst forecast for the Shiba Inu is in line with optimism for the bull market, where major crypto assets are expected to rally. However, it is unclear whether ETFSwap (ETFS), whose future is uncertain, will be able to enter the cryptocurrency market.
According to its team, the ETFSwap (ETFS) presale had raised over $2 million in the early stages, and Phase 2 reportedly offered another low price, setting investors up for big gains. It is uncertain whether it will be successful or not, there is a risk of investment loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before making any transaction!
