Pepe (PEPE) Price Hits New ATH, ETFSwap (ETFS) And Shiba Inu (SHIB) Set To Follow

The post Pepe (PEPE) Price Hits New ATH, ETFSwap (ETFS) And Shiba Inu (SHIB) Set To Follow appeared first on Coinpedia Fintech News

Pepe Coin (PEPE) Soars to New Heights

On May 21, Pepe Coin (PEPE), the meme coin on the Ethereum blockchain, reached an all-time high of $0.000000000974. Technical indicators also paint a promising picture for Pepe Coin (PEPE). Bollinger Bands reveal high volatility, hinting at the possibility of another significant price movement. The short-moving average acts as a strong support level, indicating stability within the current price range.

While the Relative Strength Index (RSI) remains above 65, signifying a bullish trend, it hasn't entered the overbought zone, potentially avoiding a bearish reversal or consolidation. The significant rise in trading volume (over $2.3 billion) and open interest (over $121 million) suggests a substantial influx of cash and growing trader interest. This increased liquidity supports Pepe Coin's current price level and underscores its market strength.

ETFSwap (ETFS) Is Not Slowing Down: Garners Over $750,000 in Funding

ETFSwap (ETFS) has been a prominent topic in the crypto community, with its presale gaining significant traction and showing signs of remarkable success. The project has already raised over $750,000 in its Stage 1 presale, putting it on track to become one of the biggest launches of 2024.

ETFSwap (ETFS), unlike the conventional platforms, offer users the ability to trade a wide range of tokenized exchange-traded funds (ETFs) and cryptocurrencies seamlessly. By leveraging blockchain technology, the platform provides advanced trading tools, liquidity access, and real-time market data, enabling users to engage in market-making and perpetual trades with high leverage.

ETFSwap (ETFS) traders also have the ability to eliminate some of the limitations associated with centralized ETF markets. Traders can quickly swap between ETFs and various cryptocurrencies while also enjoying quick settlement on ETF assets without the trading hours restrictions typical of traditional markets.

To demonstrate their unwavering commitment to user security, the platform partnered with Cyberscope, and the leading blockchain security firm has conducted a scrupulous audit of ETFSwap's (ETFS) smart contracts and underlying infrastructure. The results were positive, indicating a clean assessment with no identified issues in the project's infrastructure, implying a minimal risk of cyberattacks.

Built on the secure and efficient Ethereum blockchain, ETFSwap (ETFS) leverages this established network for its operations. Its native token, ETFS, fuels the entire ecosystem. The current buzz surrounding the Ethereum Spot ETF could create a positive ripple effect for ETFSwap (ETFS), as both projects are built on the same technology.

The ongoing presale has been attracting significant investor interest, with the price of ETFS tokens set to increase from the current $0.00854 to $0.01831 in the next stage, representing a 114% rise.

Shiba Inu (SHIB) Shows Potential For Long-term Surge

Shiba Inu (SHIB), the popular meme cryptocurrency, has been making headlines recently due to a significant surge in its burn rate. According to data from Shibburn, the platform that tracks Shiba Inu (SHIB) token burns, the rate at which tokens are being removed from circulation has skyrocketed by over 500% on May 20th.

In a single day, an impressive 9.83 million Shiba Inu (SHIB) tokens were burned across multiple transactions, reducing the overall supply of the token. This dramatic increase in the burn rate has sparked optimism among Shiba Inu (SHIB) investors, as reducing the total number of tokens in circulation can potentially lead to an increase in the token's value.

Can ETFSwap (ETFS) Topple Pepe Coin's All-Time High?

Furthermore, ETFSwap (ETFS) stands out as a novel platform with distinct functionalities compared to the well-established Shiba Inu (SHIB). This unique positioning, coupled with projections of significant growth upon launch (up to 40,000% and $4 per token), suggests ETFSwap (ETFS) has the potential to surpass Pepe Coin's all-time high.