Thousands of crypto investors have been hedging their bets on ETFswap (ETFS) believing it will do better against Ethereum meme coins Floki (FLOKI) and Pepe (PEPE) due to its ongoing presale event and unique ecosystem.
Pepe (PEPE) Could Further Decline In Price
Pepe (PEPE) is one of the top Ethereum meme coins that focuses on meme culture and is inspired by the webcomic character Pepe the Frog. Despite the current bearish condition of the crypto market, Pepe (PEPE) has shown remarkable resilience, trading above its 100-day simple moving average (SMA) and trendline.
After carefully analyzing Pepe (PEPE) data with analytical tools, the relative strength index (RSI) indicates that the coin is bullish. However, the indicator also hints at a potential future price drop. According to Coinmarketcap data, Pepe (PEPE) trades at $0.0000086, ranking 29th in the crypto market.
Its present price shows it is moving towards its $0.00000916 resistance level. If it breaks through, PEPE (PEPE) could break out and even retest its all-time high. However, if things go south and it fails to break its current resistance, PEPE (PEPE) could see a downward move toward the $0.0000059 support level.
Floki (FLOKI) Whale Purchase 19 Billion FLOKI
Floki (FLOKI), one of the biggest Ethereum meme coins, has managed to record a 2% increase in price despite the downtrend in the crypto market catching the eye of industry experts. The price surge was attributed to an anonymous whale who made a massive purchase of 19 billion Floki coins, as reported by Scospescan. The whale, identified only by their wallet address, withdrew the coins valued at $3.28 million from three exchanges: OKX, Gate.io, and KuCoin.
The whale’s actions have sparked discussions among crypto enthusiasts, who wonder about the impact such a large purchase will have on the meme coin in the coming days and months. Some are also concerned about what would become of Floki (FLOKI) if there were a potential sell-off.
According to data by Coinmarketcap, the coin currently trades at $0.00017 and ranks 55th in the crypto market.
ETFSwap (ETFS) Performs Better Than Ethereum Meme Coins
ETFswap (ETFS) is an Ethereum-based crypto platform that revolutionizes how the crypto community interacts with exchange-traded funds (ETFs) through the tokenization of assets. As one of the platforms spearheading the tokenization rally, ETFswap’s (ETFS) unique approach is to create a tokenized version of ETFs that will directly represent the traditional ETFs on the blockchain.
Due to this, all portfolio-size investors can invest in all ETFs, including cryptocurrency and market ETFs. The platform will also feature a comprehensive marketplace boasting 24/7 liquidity to facilitate the trading of tokenized ETFs. Also, experienced traders can use up to 10x leverage to increase their earnings and fractional ownership to amplify their portfolio with diversity.
However, the key to unlocking this unique ecosystem feature is ETFS, the platform’s native token. This token will not only enable holders to benefit from all the platform has to offer but also serve as a bridge to convert tokenized ETFs to crypto assets and vice versa. Holders can also make passive income from staking their tokens on the platform’s staking pool, which boasts a competitive annual percentage yield (APY).
ETFswap (ETFS) is currently holding a public sale of the token and offering it at $0.00854 per coin in stage 1. By stage 2, its price will increase to $0.01831, hinting at an automatic profit for all stage 1 investors. Over 70 million tokens have been sold, indicating increased investor interest.
So what are you waiting for? Make that move today and buy ETFS to increase your chance of making a 200x yield, which experts speculate will result in the token surging close to the $3 mark.
For more information about the ETFS Presale:
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