The meme coin sector has taken a severe blow after some of the most popular meme coins, including the doggy-themed cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB), crashed significantly. This unexpected decline has obviously caused a steep profit loss for large-scale investors of the cryptocurrency.
As the crypto community’s concerns are high and the market struggles to get back in its bullish direction, most investors are looking towards another possible Shiba Inu killer like ETFSwap (ETFS), an inventive crypto and ETF trading platform with a potentially more solid utility and a steady market value which will not be influenced.
Dogecoin Price Takes A Nosedive As Shiba Inu Killer Emerges
According to CoinMarketCap, the meme coin market has declined by a staggering 12%, with Dogecoin (DOGE) being one the major losers among other cryptocurrencies. The price of Dogecoin (DOGE) has fallen by approximately 24.28% in the past seven days, and the cryptocurrency is still on a downward momentum,
Including Dogecoin (DOGE), several other meme coins, like its major competitor Shiba Inu, have seen similar losses. Interestingly, the previous decline in meme coins was recognized as activities and social media began to wane. For most meme coins, social media trends and community hype are the driving factors for rapid increase in value. This is why meme coins are highly volatile and speculative assets, as cryptocurrencies can record both large increases and steep declines when market sentiment drops.
At the time of writing, the price of Dogecoin (DOGE) is trading at $0.15 with a 24-hour trading volume of over $3.3 billion. The doggy-themed meme coin’s market capitalization is also down and sitting at $21.1 billion.
Although Dogecoin’s (DOGE) price fundamentals are not looking great, on-chain analytics firm IntoTheBlock has disclosed that the cryptocurrency may have a chance to get back to its bullish levels if it can solidly break past resistance levels at $0.2.
Investors Find Refuge In ETFSwap (ETFS) Amid Meme Coin Volatility
As traders grapple with losses from the unexpected crash of Dogecoin (DOGE) and other meme coins in the market, many investors are turning their attention to ETFSwap (ETFS) as a safety measure for their investments. This platform which utilizes a unique trading approach, allowing investors to trade ETFs by investing in its native token, ETFS, has emerged as the next Shiba Inu killer.
ETFSwap (ETFS) provides investors with numerous opportunities to make potential profits as they invest in its growing value. It seamlessly integrates both traditional finance and Decentralized Finance (DeFi), exposing users to new markets while they take advantage of the innovative protocols of the DeFi landscape.
Moreover, ETFSwap (ETFS) is highly committed to its growing ecosystem and community. It will offer its native token holders governance rights, enabling them to actively participate and contribute to the project’s future growth and development.
One unique advantage of the platform over other trading platforms in the cryptocurrency space is that it allows users to trade cryptocurrencies and ETFs. This is not just limited to Spot Bitcoin ETFs but also encompasses commodity, leveraged and fixed-income ETFs. Additionally, this futuristic platform’s security and privacy features are top-notch, utilizing blockchain technology to ensure all of its operations are secure and transparent.
Users can also stake their ETFS tokens to enjoy staking rewards in the form of cryptocurrencies. The platform also offers traders a 10x leverage on all trades, allowing them to amplify their profits for maximum returns.
As a testament to its massively growing popularity and potential, ETFSwap (ETFS) has successfully hit its funding target of $750,000 in its private fundraising round. Numerous investors are purchasing this token rapidly, as more than 18.4 million ETFS tokens have been sold in the first stage of its presale.
Discover endless investment opportunities on ETFSwap’s (ETFS) trading platform by acquiring the tokens at a modest price of $0.00854 before it increases to $0.01831 in the second stage of its presale.
For more information about the ETFS Presale:
The post Dogecoin Price Crash Reveals The Amazing Potential Of This Shiba Inu Killer appeared first on Crypto News Land.
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