Dogecoin price predictions are currently bearish as DOGE struggles. With this bearish outlook for the Dogecoin price, investors are moving away from meme coins and are focusing on the utility token ETFSwap (ETFS). Analysts predict ETFSwap will rally by 5,000% soon enough, providing greater returns than meme coins like DOGE.
ETFSwap (ETFS) To Rally By 5,000% Because Of Unique Utility
Analysts predict that the ETFSwap (ETFS) token will rally by 5,000% from its current price of $0.03846 because of its unique utility. The utility token is the native token of ETFSwap, a decentralized investment platform that will offer both tokenized exchange-traded funds (ETFs) and cryptocurrencies all in one place.
Investors will be able to gain exposure to these asset classes using the utility token. They will simply swap the ETFS token for their desired asset. ETFS bridges the traditional finance (TradFi) and decentralized finance (DeFi) worlds as investors will be able to convert their ETFs to crypto assets and vice versa using the utility token.
Furthermore, the ETFSwap (ETFS) token is the key to accessing all other exciting offerings and features on the decentralized finance (DeFi) platform. For instance, holders of the utility token will first get access to exclusive opportunities like the platform’s ETF, which is set to launch next year.
They also possess governance rights and can participate in the decision-making on the ETFSwap platform. Holders of the utility token can earn passive income using the staking and liquidity provision feature on the DeFi platform. Those who stake the ETFSwap (ETFS) token can earn up to 87% annual percentage yield (APY) on their staked tokens. Liquidity providers earn up to 30% of the fees from token swaps.
Meanwhile, the utility token provides access to the trading platform’s artificial intelligence (AI) powered trading tools. These tools perform predictive and sentiment analysis and recommend the best ETFs for investors to invest in. They will be useful when trading the ETF perpetuals on the platform.
The trading platform allows investors to trade derivative contracts that bet on the future price of these ETFs without expiration. This is an opportunity for investors to hedge against their investments in the underlying assets. Investors will have the opportunity to trade anonymously, far from the prying eyes of regulators, as the trading platform will integrate zero-knowledge (ZK) proof technology.
There are no Know-Your-Customer (KYC) requirements on the ETFSwap (ETFS), so investors can begin investing quickly. The platform’s decentralized nature also means that investors will be able to invest in these traditional assets from anywhere in th world.
Ahead of the ETFSwap beta platform launch, investors moving from meme coins are looking to buy as many ETFS tokens as possible. Analysts say that the utility token’s 5,000% rally will begin as soon as the beta platform goes live.
Investors Move From Meme Coins As DOGE Struggles
Investors have moved from meme coins like DOGE as the Dogecoin price struggles. DOGE has remained stagnant as newer meme coins look to be gaining all the attention. The Dogecoin price has also struggled as it doesn’t have any special utility, which can keep these investors from focusing on newer meme coins or moving to utility tokens like ETFSwap (ETFS).
DOGE has had to rely on Elon Musk’s influence, as the Dogecoin price looks to only rally whenever the world’s richest man references the meme coin. Investors say that this isn’t sustainable, as the Dogecoin price will likely suffer downward pressure if Musk fails to continue to support DOGE. Moreover, hype is what majorly drives the prices of these meme coins, and investors say they can’t risk betting on that.
This explains why these investors are moving away from meme coins like DOGE and are focusing on utility tokens like ETFSwap (ETFS). Without interest from these investors, the Dogecoin price is at risk of a significant decline.
Conclusion
With the Dogecoin price struggling, it isn’t surprising that investors are focusing on the ETFSwap (ETFS) utility token. When the token records its 5,000% price rally, investors stand to enjoy a 50x return on investment (ROI). As such, those who have yet to invest should hurry and buy some of the tokens available in the presale before they sell out.
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