During the recent meme coin rally, two Solana-based meme coins, Dogwifhat (WIF) and Bonk (BONK), exploded in price value, giving early investors tremendous yield on their investments. Currently, another token, ETFswap (ETFS), is buzzing the crypto market, promising yields surpassing those of Dogwifhat (WIF) and Bonk (BONK) as it sets to surge by 20,000% in price value.
Bonk (BONK) Declines By 7%
Bonk (BONK), the second largest dog-themed meme coin on the Solana (SOL) network, has experienced a 7% drop in price value in the past 24 hours. Unlike other meme coins, Bonk (BONK) is constantly evolving by developing new products and has so far released a trading bot, an NFT collection, and a token swap. Further, it is utility-driven, serving as a payment method on other Solana-based projects, where it can be used to mint NFTs or for casino gambling.
The current drop in price value reflects the bearish sentiment in the market, as top assets like Bitcoin (BTC) and Ethereum (ETH) have also recorded slight decreases in price value. However, analysts are confident in the long-term value of the canine meme coin.
After analyzing the coin chart, an expert trader known as TraderKoz said it’s one of the best-looking charts in the market. Further, WebTrend Analytics also speculates that the Bonk (BONK) could be gearing for a massive uptrend in price to $0.00005.
However, the coin is currently worth $0.000024, ranking 60th in the crypto market according to the data from the asset tracking platform Coinmarketcap.
Dogwifhat (WIF) Experience Increase Amidst Market Dip
Dogwifhat (WIF), a Solana-based meme coin, has recorded an over 2% increase in price value amidst a market-wide dip. Interestingly, it is the only meme coin among the top 100 to record any gains, as other top meme coins like Dogecoin (DOGE) and Pepe (PEPE) continue to struggle with a bearish climate. Dogwifhat (WIF), on the other hand, is looking to break into a steady bullish trend, as its relative strength index (RSI) has balanced at 55 points.
If it continues on this track, it could surge by 11% to its resistance level of $3.50. However, if it retraces, it could drop by 24% to a support level of $2.20. Currently, though, it trades at $3.30 and ranks 34th in the crypto market, according to data from Coinmarketcap.
Also, Dogwifhat (WIF) boasts over $3 billion in market cap despite having no known utility, indicating massive followership in the crypto community.
ETFswap (ETFS) Poised To Surge By 20,000% Amidst Massive Presale Event.
ETFswap (ETFS) is an Ethereum-based platform that aims to create access to exchange-traded funds (ETFs) on the blockchain through tokenization. One of the unique things about the platform is its native token, ETFS, which is a standard ERC-20 token that enables full access to all the platform’s features and functionalities.
ETFS was designed to be a deflationary token; therefore, its total supply will continue to decrease, reducing the number of tokens in circulation and boosting its intrinsic value. Further, token holders will be able to stake their tokens to earn passive income with a competitive annual percentage yield (APY). In addition to staking, ETFS users can stake a variety of other assets, including stablecoins and Bitcoin (BTC).
cRYPT Investors who realize the value of this token are currently rushing to buy it in the stage 1 presale event, where the platform is offering it at $0.00854 per coin. Stage 1 investors will realize profit by just buying the token when stage 2 starts at $0.01831.
In addition, experts are optimistic that the token will rise by 20,000%, surging close to the $2 mark. When that happens all investors will have realized over 200x profit on their investments.
Now is the best time to promptly take action and buy this undervalued asset, if you want to make 200x yield and also gain access to trade tokenized ETFs.
For more information about the ETFS Presale:
