The crypto market recently experienced a downtrend in asset value, as Bitcoin (BTC), the largest asset in the market, fell to the $67,000 mark, and Ethereum (ETH) dropped below $3,600. Meme coins were also not left out, as many of them, including Pepe (PEPE), Dogecoin (DOGE), and Shiba Inu (SHIB), took a major beating as the bears struggled for supremacy against the bulls.
However, amidst the chaos, experts noticed ETFswap (ETFS), which seems unaffected by the market downturn but continues to gain traction among investors. Let’s see why it is successful and how the market downturn affected the meme coins.
ETFSwap Becomes Investor’s Choice For Trading ETFs
ETFswap (ETFS) is a decentralized crypto platform that aims to create a tokenized version of exchange-traded funds (ETFs), making them accessible on the blockchain for trading. By tokenizing ETFs, ETFswap (ETFS) merges traditional and decentralized finance elements to produce a unique financial landscape for investors to diversify their investments with several assets, including precious metals, commodities, etc.
Users who invest in the tokenized ETFs on the platform can access them on a web3 marketplace, which is not limited to a specific trading hour and boasts 24/7 liquidity. Also, traders will not incur additional fees for trading tokenized ETFs compared to traditional ETFs, where traders pay extra fees, which could be as high as 2%.
Further, the platform has been audited by Cyberscope, a renowned blockchain security firm headquartered in Greece. After the audit, Cyberscope declared ETFswap (ETFS) free from any critical underlying issues that can make it vulnerable to cyber attacks in the future.
At the network’s core is its native token ETFS, which will serve as the key to unlocking all the features of the ETFswap ecosystem; therefore, all users will need to have a portion of this token before they can trade tokenized ETFs. However, having the token will also grant them voting rights to participate in the network governance, allowing them to influence the decisions made on the platform regarding its growth.
Is The Meme Coins Rally Over For Dogecoin (DOGE), Shiba Inu (SHIB), And Pepe (PEPE)?
Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), which were once the darling of the crypto market, recorded a loss on June 11, 2024, experiencing a 7.5% decrease in their market cap, according to data by asset tracking platform Coingecko.
Coingecko data reveals that Dogecoin (DOGE), the top meme coin leading the meme coin rally, took a loss of 6.7% in its market capitalization, while Pepe (PEPE) decreased by 6.0%. However, Shiba Inu (SHIB) took more beatings than the two, recording a 7.3% loss in market cap value in 24 hours.
During this period, traders of meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) experienced huge losses on their investments, with some questioning if the bull has ended for meme coins or if this is just a setback.
However, crypto content creator Jake Gagain is optimistic that meme coins will bounce back again. Currently, Dogecoin (DOGE) trades at $0.149, Shiba Inu (SHIB) is worth $0.00002309, and Pepe (PEPE) exchanges hands at $0.00001371, according to data by Coinmarketcap.
ETFSwap Presale And Meme Coins Conclusion
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) seem to have bounced back in price as the market gradually recovers from its bearish conditions; however, many traders still maintain caution due to the uncertainty surrounding meme coins’ subsequent trajectory.
However, traders and experts are impressed with ETFswap (ETFS), which is currently offering its native token, ETFS, in a presale event at a low price of $0.01831. Many are rushing to buy now because its price will soon increase to $0.03846, resulting in automatic yield for them.
Also, experts speculate that the token will increase to $3, surging by 20,000% in value, and when that happens, all early investors increase their chances of making a 200x yield on their investment. This opportunity is too good to miss, so what are you waiting for? Buy ETFS today and seal your chance of getting 200x yield on your investment.
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