Shiba Inu And Dogecoin See Major Bullish Developments. Can DOGE Price Reach $10?

Shiba Inu (SHIB) and Dogecoin (DOGE) have recently recorded major bullish developments that suggest that the foremost meme coins may be primed for significant moves to the upside. Meanwhile, ETFSwap (ETFS) also looks primed for a parabolic move, considering the impressive demand the crypto token has recorded since its launch.

Crypto Investors Invest $1.2 Million In ETFSwap (ETFS)

ETFSwap’s (ETFS) crypto presale so far has been a massive success, with investors investing $1.25 million in stage 1 of the presale and accumulating over 200 million ETFS tokens in the process. This presents a bullish development for the crypto token given how much its price could surge thanks to this.

The bullish sentiment towards ETFSwap (ETFS) is because of its utility and the role the crypto token plays in the future of global finance. ETFS is the native token of ETFSwap, a blockchain-based platform that tokenizes exchange-traded funds (ETFs) and enables them to be traded on-chain.

ETFSwap (ETFS) will serve as the bridge between traditional finance (TradFi) and decentralized finance (DeFi). Investors can convert their ETFs to cryptocurrencies and vice versa using the crypto token. This makes it easy for investors to diversify their portfolios between traditional and crypto assets, all in one place.

ETFSwap’s (ETFS) tokenomics is another reason these investors are bullish on the crypto token. It has a total supply of 1 billion tokens and these tokens are evenly distributed, with no one holding enough to nuke the charts and bring about significant market volatility.

The team has also implemented a vesting schedule to maintain a stable and sustainable market for investors. These ETFSwap (ETFS) tokens will be vested for five months and gradually injected into circulation rather than all at once. The ETFSwap (ETFS) has also shown its commitment to the long-term success of the project by vesting the 60 million tokens allocated to it for five years.

ETFSwap’s (ETFS) tokenomics also shows that the project is community-focused, encouraging users to be long-term holders rather than looking to sell their holdings for minimum profits. 400 million ETFS tokens are allocated to the presale, while a further 40 million tokens are set aside for community rewards.

It is also worth mentioning that CyberScope, a leading cybersecurity and blockchain audit firm, has also conducted a comprehensive audit on the ETFSwap (ETFS) ecosystem. The audit has further boosted investors’ confidence as no vulnerabilities or security flaws were identified in ETFSwap’s (ETFS) smart contracts or underlying infrastructure.

Shiba Inu (SHIB) Whales Going All In On The Meme Coin

Shiba Inu (SHIB) could soon witness a parabolic move following recent developments. The on-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that two whales spent $35.2 million to buy 1.356 trillion Shiba Inu (SHIB) tokens.

Spot On Chain, another on-chain analytics platform, also revealed another whale who recently bought 715.8 billion Shiba Inu (SHIB) tokens. These buys highlight the bullish sentiment towards the meme coin. Furthermore, these Shiba Inu (SHIB) whales are known to have a huge impact on the market and could lead Shiba Inu (SHIB) to price discovery, bringing about more price gains for the meme coin.

Dogecoin (DOGE) Could Reach $10

Crypto analyst Javon Marks recently predicted that Dogecoin (DOGE) could reach $10 in this bull run. He alluded to a breakout trend that showed that Dogecoin (DOGE) may already be on its way to that price level. The chart the analyst shared showed that Dogecoin (DOGE) could even rise above $10 and climb to as high as $16.

The breakout trend Marks was referring to is the fact that Dogecoin (DOGE) has recorded more enormous gains in every subsequent bull run. As such, he believes that Dogecoin (DOGE) will again enjoy larger price gains in this bull run than the one in 2021 when Dogecoin made a move of over 20,000%.

Conclusion On More Reasons To Be Bullish On ETFSwap (ETFS)

ETFSwap’s (ETFS) beta platform is set to launch sometime in July, providing crypto investors with more reason to be bullish on the ETFS token. Additionally, the Spot Ethereum ETFs are expected to begin trading around that period, providing more bullish momentum for altcoins like ETFSwap (ETFS). Considering this, crypto

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