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Shiba Inu price remained stable despite declining SHIB activity while underwater investors moved to ETFSwap altcoin 5000x to recover their losses.
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Shiba Inu price predictions have been mixed recently, with SHIB maintaining a subdued price movement amid declining meme coin adoption. Many SHIB investors are still out of money with the Shiba Inu price below the $0.00002 support level. This caused underwater investors to focus on 500x altcoin ETFSwap (ETFS) to cover their losses.
SHIB price remains stable despite declining SHIB activity
Shiba Inu price remains stable despite declining SHIB activity. For now, Shiba Inu price continues to hover around $0.000018, still below the important support level of $0.000020. Even though the price of Shiba Inu is stable, the meme coin is still at risk of falling due to declining SHIB activity.
Onchain data shows that investors are not as focused on SHIB as they are on other meme coins. The lack of interest among new investors paints a low profile for the price of Shiba Inu, as increasing adoption is the main cause of the price increase for coins like SHIB. The decline in SHIB activity means the price of Shiba Inu could still fall as low as $0.000010. Given this bearish outlook, underwater SHIB investors are currently focusing on coins that can help them recover losses.
Underwater investors are moving to ETFSwap
Underwater SHIB investors turned their attention to the 5000x altcoin ETFSwap to help recoup their losses. Indeed, these investors will enjoy 5000x profits based on analyst predictions that the altcoin will experience a price increase of 500,000% in this bull run from its current price of $0.03846.
This bullish outlook for the ETFSwap altcoin stems from impressive demand in its ongoing presale with nearly 34 million tokens sold so far. Investors in the ongoing pre-sale were impressed with the utility that the ETFSwap ecosystem will introduce into the financial space.
ETFSwap will provide an easier way for investors to invest and trade exchange-traded funds by tokenizing them and allowing them to be traded on-chain. This makes investing in these assets easier because the blockchain can be accessed by anyone. Investors who want to invest in tokenized ETFs on ETFSwap only need the ETFS altcoin.
They will exchange the altcoin for the ETF they want. Investors will enjoy ample liquidity when investing and trading on ETFSwap thanks to the platform’s market making services. It is worth mentioning that the platform is built on the Ethereum network, so users will also have access to unmatched network liquidity.
The decentralized nature of ETFSwap means investors can invest in these ETFs from anywhere in the world without the constraints of traditional financial systems. Users will also enjoy 24/7 market coverage as they can buy, sell and trade these assets at any time. This feature helps investors benefit from market gains recorded by these assets after traditional trading hours.
The platform also offers an ETF staking feature, which allows investors to stake their ETFs and enjoy annual percentage returns (APY) of up to 87% on the assets they stake. This staking feature also extends to crypto assets on the ETFSwap platform. Investors can stake ETFS altcoins and earn staking rewards.
This staking feature will be on full display once the ETFSwap beta platform launches. The beta platform has launched on the Ethereum testnet, indicating that the mainnet launch is imminent. Investors will also be able to use ETFSwap to invest in their desired ETFs once the beta platform launches.
Conclusion
Like SHIB underwater investors, traders may be able to enjoy returns of up to 5000x when ETFSwap records a 500,000% price increase in this market cycle. However, users should hurry and purchase ETFSwap tokens in the ongoing presale.
To learn more about ETFSwap, visit the ETFSwap pre-sale and join the ETFSwap community
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