Cryptocurrency analysts have continued to set ambitious price targets regarding how high the Shiba Inu and Dogecoin price will rise in the long term. However, several factors suggest that the Shiba Inu price and the Dogecoin price may eventually reach these target prices. Therefore, it is better for investors to focus on… ETFSoap (ETFS) The token, which is set to rise by 5,233% in 10 days.
The ETFSwap token (ETFS) will rise 5,233% in 10 days, the analyst says
One analyst expects the ETFSwap token (ETFS) to rise 5,233% in 10 days from its current price of $0.03846 in the ongoing presale. The analyst stated that this price rise will happen once the token is listed on exchanges. He also explained that the demand for the ETFS token will be huge as investors will look to access exchange-traded funds (ETFs) on the EFSwap platform.
ETFSwap Token (ETFS) will enjoy such impressive demand because investors will need the token to invest in ETFs tokenized on ETFSwap. Investors will simply exchange the ETFS token for their desired ETF. Interestingly, this prediction comes amid the announcement that the ETFSwap beta platform will be launched soon enough.
Such a bullish announcement has boosted analysts’ confidence that ETFSwap (ETFS) will record this massive price rise. Some investors are already looking to prepare for the launch of this beta platform by purchasing as many tokens as possible during the ongoing pre-sale. It is worth noting that only token holders will be able to access the beta platform once it is launched.
The wait for the beta platform won’t take much longer, as the ETFSwap (ETFS) team has already launched it on the Ethereum testnet. They are currently testing the platform and implementing the necessary improvements to enable users to enjoy the best interface out there.
Once the beta platform launches, investors will be able to swap their ETFs for crypto assets and vice versa using ETFSoap (ETFS) Token, thanks to this easy-to-use interface. Users will also have access to liquidity pools. They can provide liquidity to these pools and enjoy up to 30% in fees from token swaps.
In addition, the staking feature will also be integrated into the beta platform. This allows users to stake their own ETFs and make amazing returns. The feature also extends to crypto assets on the decentralized trading platform. Investors can stake the platform’s ETFS token and earn up to 78% annualized return (APY).
The price of the Shiba Inu and the price of Dogecoin are unlikely to reach ambitious targets
the Shiba Inu price and Dogecoin price They are unlikely to reach their ambitious price targets of $0.1 and $50, respectively. Factors such as the circulating supply of SHIB will hinder the price of the Shiba Inu from reaching this target. Experts said that more than 50% of the meme coin’s circulating supply would need to be burned for the price of the Shiba Inu to rise to $0.1. However, burning this amount of SHIB tokens is almost impossible, which means the price of the Shiba Inu cannot reach $0.1.
Meanwhile, it is almost impossible for Dogecoin to reach $50. DOGE has a circulating supply of 146.26 billion tokens, meaning the meme would have a market cap of $7 trillion if Dogecoin reaches $50. However, achieving a market cap of $7 trillion is impossible, considering that the entire cryptocurrency market is estimated to be worth around $3 trillion. Therefore, the price of Dogecoin cannot reach $50.
conclusion
Investors would be better off buying ETFSwap Token (ETFS) than hoping that the Shiba Inu price and Dogecoin price reach near-impossible price targets. Investors who purchase ETFSwap (ETFS) in the ongoing presale will enjoy 50x ROI When the symbol records a price increase of 5,233% within 10 days.