SHIB remains stable despite decline in activity, underwater investors move 5000x to altcoins to recoup losses

Despite SHIB’s decline in activity, Shiba Inu prices remained stable, with underwater investors moving 5000x into altcoin ETFSwap to recoup their losses.

Recent Shiba Inu price predictions have varied and SHIB has maintained lukewarm price action amid declining meme coin adoption. Many SHIB investors are still unable to make money as the Shiba Inu price is below the $0.00002 support level. This has led underwater investors to focus on 500x altcoin ETFSwap (ETFS) to recoup their losses.

SHIB prices remain stable despite decline in SHIB activity

Despite the decline in SHIB activity, Shiba Inu prices have remained stable. Currently, Shiba Inu price continues to hover around $0.000018, still below the important support level of $0.000020. Despite Shiba Inu price stability, MEMCOIN is still at risk of downside due to SHIB’s reduced activity.

On-chain data shows that investors are not as focused on SHIB as they are on other meme coins. The lack of interest among new investors paints a low picture for Shiba Inu prices. This is mainly because increased adoption leads to higher prices for coins like SHIB. The decline in SHIB activity means the Shiba Inu price could still fall to $0.000010. Given this bearish outlook, underwater SHIB investors are currently focusing on coins that could help them recover their losses.

Underwater investors are moving to ETFSwap.

SHIB’s underwater investors are turning their attention to 5000x altcoin ETFSwap to recoup their losses. In fact, these investors could enjoy a 5000x return based on analysts’ predictions that the altcoin will witness a 500,000% price increase from its current price of $0.03846 during this bull market.

This optimistic outlook for ETFSwap altcoins stems from the impressive demand from the ongoing pre-sale, with approximately 34 million tokens sold to date. Investors who participated in the ongoing pre-sale were impressed with the utility that the ETFSwap ecosystem will bring to the financial space.

ETFSwap will provide investors with a simpler way to invest in and trade exchange-traded funds by tokenizing them and allowing them to be traded on-chain. Since anyone can access blockchain, investing in these assets becomes easier. Investors looking to invest in ETFSwap’s tokenized ETFs need only the ETFS altcoin.

They will exchange their altcoins for the ETF of their choice. Investors can enjoy ample liquidity while investing and trading on ETFSwap thanks to the platform’s market making services. It is worth mentioning that since the platform is built on the Ethereum network, users also have access to the network’s unparalleled liquidity.

The decentralized nature of ETFSwap means investors can invest in these ETFs from anywhere in the world without the restrictions of the traditional financial system. Users can also buy, sell, and trade these assets at any time, enjoying 24/7 market coverage. This feature helps investors benefit from market gains recorded by these assets after traditional trading hours.

The platform also boasts an ETF staking feature that allows investors to stake ETFs and enjoy up to 87% Annual Percentage Yield (APY) on staked assets. This staking feature also extends to cryptocurrency assets on the ETFSwap platform. Investors can stake ETFS altcoins and receive staking rewards.

This staking feature will be on full display once the ETFSwap beta platform launches. The beta platform has already been launched on the Ethereum testnet, indicating that the mainnet launch is just around the corner. Once the beta platform is launched, investors will also be able to use ETFSwap to invest in the ETFs of their choice.

conclusion

Like SHIB’s underwater investors, traders can enjoy returns of up to 5000x as ETFSwap records a 500,000% price increase in this market cycle. However, users should hurry to purchase ETFSwap tokens in the ongoing pre-sale.

To learn more about ETFSwap, visit ETFSwap Presale and join the ETFSwap community.