With the bull market set to kick into full gear, crypto analysts are again providing predictions about how high several altcoins could rise. A recent Dogecoin price analysis indicates that a rise to $1.2 is inevitable for the meme coin in this bull market. However, the altcoin ETFSwap (ETFS) is set to top the Dogecoin price increase with a 7,000% price rally of its own.
Dogecoin Price To Hit $1.2 In This Bull Market
According to a recent Dogecoin price analysis, the meme coin is set to reach $1.2 in this bull market. The Dogecoin price has so far underperformed since the bull market began earlier this year. However, the analysis by this crypto analyst shows that the Dogecoin price will not be left behind in the next leg of the bull market.
Based on the analysis, the Dogecoin price will hit this $1.2 target sometime next year, and this is expected to be the peak for the meme coin in this bull market. There remain some reservations about this target for the Dogecoin price, though, mainly because of DOGE’s inflationary status. Some analysts say that this could prevent the Dogecoin price from reaching $1.2
ETFSwap (ETFS) To Outperform Dogecoin With A 7,000% Rally
Analysts have predicted that the ETFSwap (ETFS) altcoin will outperform the Dogecoin price with a 7,000% price rally from its current price of $0.03846. This price rally will send the altcoin’s price to $2.6, surpassing DOGE. These analysts say the altcoin will outperform the meme coin because of its outstanding use cases.
ETFS will provide investors access to tokenized exchange-traded funds (ETFs) on the ETFSwap platform. Investors will swap the altcoin for their desired ETF. This makes it easier to invest in traditional markets, as investors will no longer need to go through the overwhelming processes on centralized trading platforms before they can invest in these ETFs.
Additionally, investors will be able to use the altcoin to invest in crypto assets and other commodities on the ETFSwap investment platform. Interestingly, investors will be able to swap their ETFs for crypto assets and vice versa using the ETFSwap (ETFS). Therefore, the altcoin bridges the traditional finance (TradFi) and decentralized finance (DeFi) worlds, enabling investors to navigate between both ecosystems easily.
The ETFSwap (ETFS) token also provides access to the other exciting features and benefits on the ETFSwap platform. For instance, holders of the altcoin will possess governance rights, which enable them to participate in the platform’s decision-making. This allows holders to influence decisions that positively impact their investments on the platform.
ETFS holders will also be able to earn passive income by using the ETFSwap platform's staking feature for ETFs and crypto assets. They can stake these assets and earn up to 87% annual percentage yield (APY) on their staked assets. Additionally, holders of the altcoin can provide liquidity and earn some of the fees from token swaps.
Token holders will be able to access these features once the ETFSwap beta platform launches. The beta platform has already launched on the Ethereum testnet, meaning a mainnet launch is just around the corner. Investors will also be able to use the ETFS altcoin to invest in their desired ETF when the beta platform goes live.
Another reason analysts are confident that ETFSwap (ETFS) will outperform the Dogecoin price in this bull market is its tokenomics. Unlike DOGE, the altcoin’s total supply is capped at 1 billion tokens. The ETFSwap platform will also implement a buyback and burn mechanism to help make the ETFS token deflationary.
Conclusion
The best way to position for ETFSwap’s (ETFS) projected 7,000% price rally is to buy the altcoin while it is still selling at an affordable price of $0.03846 in its ongoing presale. The coins available in the presale are fast selling out, so it's best to hurry if you want to enjoy up to 70x return on your investment.
