The crypto market is experiencing a severe bearish trend as Bitcoin (BTC), the largest asset in the crypto market, fell below $60,000, and Ethereum (ETH), which follows it, fell below $3,500. Meme coins, the market's darling, were not spared in the bearish rampage as Dogecoin (DOGE) and Solana-based meme coin Dogwifhat (WIF) plummeted in value. However, amidst this chaos, ETFswap (ETFS), an ETF-based token, continues flourishing in its presale event. Let's discuss why
ETFSwap (ETFS) ETF Trading Platform Survives Market Rampage
ETFswap (ETFS) is one of the blockchain platforms spearheading the tokenization of assets by tokenizing exchange-traded funds (ETFs). The tokenized ETFs will be made available for trading on a web3 marketplace equipped with AI-powered trading tools that provide advanced real-time data, enabling traders to track the progress of the ETFs before making investment decisions.
The AI tools will also assist traders with predictive analysis, considering historical data, trends, and market patterns to predict an asset's subsequent trajectory accurately. As a decentralized platform, traders can carry out permissionless and borderless transactions without third-party interference.
To protect its users and ecosystem, ETFswap (ETFS) only deals with MiCA-regulated investment banks to handle cryptocurrency and securities trading. ETFswap (ETFS) also plans to launch its ETF product by 2025; after launch, the ETF will be among the assets available for trading on the platform. However, to gain access to trade ETFswap ETF and other ETFs, users must purchase the platform's native token ETFS, which will unlock access to all features on the network.
Dogwifhat (WIF) Crashes 45% And Drops Off Top 50 ListIn the last 30 days,
Solana-based meme coin Dogwifhat has experienced a 45% drop in price, pushing it off the top 50 asset list for 2024. In early 2024, Dogwifhat surged by 1,500%, reaching an all-time high of $4.8. Experts also speculated that the meme coin could rally to $10 and eventually outpace titans like Shiba Inu (SHIB) and Pepe (PEPE) in the meme coin sector.
However, Dogwifhat's current price movement could invalidate its bullish thesis. Also, on-chain data from Santiment indicates that Dogwifhat's market volume was $211 million, the lowest it had reached since May 2024. Currently, Dogwifhat trades at $1.93, ranking 56th according to data from Coingecko.
Investors Uncertain About Dogecoin (DOGE)
Dogecoin, one of the major players in the meme coin sector, was recently hit with a $60 million liquidation, causing panic among investors as such a massive sell-off has not occurred since 2021.
The liquidation was also accompanied by a 10% slump in price for Dogecoin, but the meme coin briefly recovered some of its lost value. While Dogecoin has been able to break through a crucial support level, currently trading at $0.123 according to data from Coingecko, many investors are still cautious due to the uncertainty hovering over the meme coin.
ETFswap (ETFS) Presale Flourish As Dogwifhat And Dogecoin Struggle With Volatility
As Dogecoin (DOGE) and Dogwifhat (WIF) struggle with market-wide volatility, ETFswap (ETFS) continues to see increased investor interest in its presale event. Currently, ETFswap (ETFS) offers its native token ETFS at a low price of $0.01831, and soon its price will increase to $0.03846. When the token price increases, all who buy it now will have the opportunity to profit automatically.
ETFswap (ETFS) also prepares for its beta platform launch schedule to occur in less than 30 days, indicating that the main platform launch is close. Experts speculate a launch price of $3 for ETFS, meaning a 200x yield for all early investors. So now is the best time to buy ETFS before the beta platform launch.
For more information about the ETFS Presale:
