One of the leading meme coins in the crypto industry, Shiba Inu (SHIB), has overtaken Cardano (ADA) by market capitalization, flipping it from its top 10 position in the crypto market. Amidst this recent development, experts have speculated that Solana killer ETFswap (ETFS) will surpass Dogecoin (DOGE) as it gears up for a 10,000% rally in its ongoing presale event. This article will discuss how Shiba Inu achieved such a feat and the reason behind the experts’ sentiments.
Solana Killer ETFSwap (ETFS) Transforms ETF Trading With Tokenization
ETFswap (ETFS), fondly referred to by investors as the ‘Solana Killer’, is a unique crypto platform that aims to broaden access to exchange-traded funds (ETFs) in the crypto community through tokenization. By tokenizing ETFs, the platform bridges the gap between decentralized and traditional finance through smart contracts and blockchain technology. The tokenized ETFs will directly represent traditional ETFs on the blockchain 1:1; therefore, users can invest in all sorts of ETFs on a single interface and at an affordable price.
ETFswap (ETFS) will also feature leverage trading and fractional ownership, enabling users to increase their earnings and amplify their portfolios. The platform will also employ a DeFi protocol, Zero Knowledge Proofs, to ensure user privacy and enable anonymity when executing transactions. Also, new users will be able to sign up without needing to fill out Know Your Customer forms, which can make them vulnerable to identity theft due to disclosing personal information online.
In addition, Cyberscope, a world-renowned blockchain security firm, has audited the platform smart contract to check for bugs and abnormalities that could make it easy prey for cyber attacks in the future. After a careful check, Cyberscope found no critical underlying conditions that could undermine or impair the platform’s security, declaring it safe for the network and its users.
Further, its seamless swapping option will enable swift conversion of tokenized ETFs to crypto assets and vice versa. However, its native token ETFS will be instrumental in the conversion and also gaining access to other core features on the platform, like trading tokenized ETFS.
It will also serve the purpose of utility and governance, enabling all holders to participate in making decisions that affect the network’s growth. In addition, ETFswap (ETFS) intends to partner with key players in DeFi to propel a wider adoption of decentralized finance.
Shiba Inu Surges By 16% To Flip Cardano From Crypto Top 10
On May 29, 2024, Shiba Inu (SHIB) experienced a 16% uptick in price, helping it overtake Cardano (ADA) by market capitalization. The news was reported by Shiba Inu (SHIB) marketing lead Lucie on an X (formerly Twitter) post indicating that the meme coin now ranks 10th in the crypto market, hinting at a paradigm shift in the ranking of significant digital assets.
Strategic partnerships and increased investor interest are crucial factors influencing the growth of the Shiba Inu (SHIB) ecosystem. Also, Shiba Inu (SHIB) has evolved from being just a meme coin to a key player in the DeFi sector by launching its L2 protocol, Shibarium, and its decentralized exchange, ShibaSwap.
Further, Shiba Inu’s (SHIB) perfect technical analysis score of 100, as highlighted by Lucie, could also be another factor aiding its price surge as it suggests that the meme coin is poised for further growth. Shiba Inu, however, has slid back to 11th position, trading at $0.00002703 according to data from Coinmarketcap.
Conclusion On ETFSwap Overtaking Dogecoin (DOGE)
Experts have speculated that ‘Solana Killer’ ETFswap (ETFS) will outpace Dogecoin (DOGE) as its presale event continues to buzz the crypto market, bringing in investors from all regions and with different portfolio sizes. Currently, in stage 1, the platform offers its native token ETFS at $0.00854 per coin, and by stage 2, its price will increase to $0.01831, hinting at an automatic profit for all stage 1 investors.
The assurance of profit is why over 120 million tokens have already been sold. It is also one of the factors that informed an expert prediction that the token will surge by over 10,000% to the $1 mark, resulting in more than 100x yield for all early investors. So hurry and get a piece of ETFS today to increase your return on investment (ROI).
For more information about the ETFS Presale:
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