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Shiba Inu price has remained stable despite a decline in SHIB activity, while underwater investors move into the 5000x ETFSwap altcoin to recoup their losses.
Recent Shiba Inu price predictions have varied, with SHIB maintaining tepid price action amid declining adoption of the meme coin. Many SHIB investors are still out of money with the Shiba Inu price below the $0.00002 support level. This has led underwater investors to focus on the 500x altcoin. ETFSwap (ETFS) to recover their losses.
SHIB Price Steady Despite Decline in SHIB Activity
He Shiba Inu Price has remained stable despite the decline in SHIB activity. For now, Shiba Inu price continues to oscillate around $0.000018, still below the crucial support level of $0.000020. Despite Shiba Inu’s price stability, the meme coin is still at risk of falling due to declining SHIB activity.
Onchain data shows investors are not focusing on SHIB as they are in other meme currencies. The lack of interest among new investors paints a low picture for the Shiba Inu price, as increased adoption is what primarily leads to price increases for coins like SHIB. The decline in SHIB activity means that the Shiba Inu price could still fall to $0.000010. Considering this bearish outlook, SHIB underwater investors are currently focusing on coins that can help them recover their losses.
Underwater investors are moving into ETFSwap
SHIB underwater investors are turning their attention to the 5000x ETFSwap altcoin to help recoup their losses. In fact, these investors can enjoy a 5000x return based on analyst predictions that the altcoin will witness a 500,000% price gain in this bull run from its current price of $0.03846.
This bullish outlook for the Altcoin ETFSwap It comes from the impressive demand in its ongoing pre-sale with almost 34 million tokens sold so far. Investors in the ongoing pre-sale were impressed by the utility that the ETFSwap ecosystem will introduce to 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 it easier to invest in these assets since anyone can access the blockchain. Investors who want to invest in tokenized ETFs on ETFSwap will simply need the ETFS altcoin.
They will exchange the altcoin for the ETF they want. Investors will enjoy ample liquidity while 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 the unparalleled liquidity of the network.
The decentralized nature of ETFSwap means that investors will be able to invest in these ETFs from anywhere in the world without the limitations 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 the market gains these assets record after traditional trading hours.
The platform also features an ETF staking feature, which allows investors to stake their ETFs and enjoy up to 87% Annual Percentage Yield (APY) on their staked assets. This staking feature also extends to crypto assets on the ETFSwap platform. Investors can stake the ETFS altcoin and get rewards for staking.
This staking feature will be in the offing once the ETFSwap beta platform is launched. The beta platform has already launched on the Ethereum testnet, indicating that the mainnet launch is just around the corner. Investors will also be able to use the ETFSwap invest in the ETFs they want once the beta platform goes live.
Conclusion
Just like SHIB underwater investors, traders could enjoy up to 5000x returns when ETFSwap records its 500,000% price gain in this market cycle. However, users would have to hurry up and purchase the ETFSwap token in its ongoing pre-sale.
To learn more about ETFSwap, visit ETFSwap pre-sale and join the ETFSwap community
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