SHIB has remained stagnant despite other meme coins enjoying significant gains. This has led analysts to give bearish Shiba Inu price forecasts, with the meme coin likely to suffer more downward pressure. Meanwhile, the DeFi token ETFSwap (ETFS) is primed for a 14,000% rally before November.
Crypto analysts are currently making bearish Shiba Inu price predictions, saying that SHIB is likely to drop lower. These analysts have considered several factors before making this Shiba Inu price forecast. They noted that SHIB is showing signs of weakness as it has failed to rally like the broader meme coin market.
These analysts further claimed that much cannot be expected from the Shiba Inu price in this market cycle. Newer meme coins have continued to outperform SHIB, indicating that investors are currently favoring these coins over SHIB. This provides a bearish outlook for the Shiba Inu price, with SHIB likely to drop lower thanks to its declining adoption. The Shiba Inu price is currently at risk of falling below its crucial support at $0.000010.
The decentralized finance (DeFi) token ETFSwap (ETFS) is currently targeting a 14,000% price rally before November. Analysts say that the DeFi token will enjoy this price surge, especially considering that the ETFSwap beta platform is set to launch soon enough. The beta platform already launched on the Ethereum testnet, meaning a mainnet launch is imminent.
When the beta platform launches, there will be a massive demand for the DeFi token, as investors will need it to access the tokenized ETFs on the platform. Investors looking to buy and trade these ETFs will simply swap the DeFi token for their desired ETF on the ETFSwap trading platform.
The ETFSwap (ETFS) DeFi token will undoubtedly enjoy this massive demand and the 14,000% price rally because the ETFSwap platform provides a much easier way for investors to invest in ETFs rather than going through centralized trading platforms. For instance, the platform has no Know-Your-Customer (KYC) requirements, meaning investors can start investing quickly.
Furthermore, investors will be able to trade anonymously as the platform will integrate zero-knowledge (ZK) proof technology. This allows investors to trade without revealing their identity or other sensitive information.
The ETFSwap (ETFS) DeFi token will also enjoy this 14,000% rally, considering that the AI narrative is currently trending. The token has ties with the AI industry as ETFSwap has integrated artificial intelligence (AI) powered trading tools on the platform. These tools, ETF Screener and ETF Tracker perform predictive and sentiment analysis and recommend the best ETFs for investors to invest in.
This will enable investors to enjoy maximum profits in this market cycle. The platform offers several investment opportunities, which investors will be able to take advantage of to enjoy maximum gains. For instance, using the ETFSwap (ETFS) DeFi token, investors will also be able to invest in crypto assets and other commodities on the trading platform alongside the tokenized ETFs.
Investors and traders will be able to trade ETF perpetuals as the platform allows them to hold derivative contracts that bet on the future prices of these assets without expiration. This will enable investors to hedge against their investment in the underlying asset. ETFSwap offers up to 50x margin on traders’ initial capital when trading perpetuals.
The ETFSwap (ETFS) DeFi token also provides access to exclusive investment opportunities, such as the platform’s ETF, which will launch next year. Investors will also be able to stake their ETFs and crypto assets and earn up to 87% annual percentage yield (APY) on their staked assets. The DeFi token holders can provide liquidity and enjoy some of the fees from token swaps.
With the Shiba Inu price having a bearish outlook, it is best to position for the ETFSwap’s (ETFS) projected 14,000% price rally before November. Those looking to position themselves need to buy the DeFi token in its ongoing presale before it sells out. Analysts say that ETFSwap (ETFS) will be one of the biggest gainers in this market cycle, making it a better investment than SHIB.
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