The Shiba Inu (SHIB) price is on the brink of a massive decline, with on-chain data showing that the meme coin could soon witness significant selling pressure. This has stirred a bearish sentiment towards Shiba Inu (SHIB), with crypto investors opting to invest in the viral Ethereum presale of the ETFSwap (ETFS) token. 

Crypto Investors Are Bullish On Viral Ethereum Presale Because Of ETFSwap (ETFS) Utilities

Crypto investors have accumulated the ETFSwap (ETFS) token in stage 1 of its ongoing viral presale, with over 160 million tokens sold. These investors say they are bullish on the crypto token because of its utilities. 

ETFS is the native token of the blockchain-based investment platform ETFSwap. The crypto token is central to the platform’s goal of seamlessly integrating traditional finance (TradFi) and decentralized finance (DeFi). The investment platform tokenizes exchange-traded funds (ETFs) and enables them for on-chain trading alongside crypto assets. The ETFSwap (ETFS) plays an integral role here, serving as the bridge between these traditional and crypto assets.

Users looking to diversify their portfolio between ETFs and cryptocurrencies on the decentralized platform must hold a certain amount of the ETFSwap (ETFS) token before accessing these offerings. They will then convert the ETFSwap (ETFS) token to any ETF of their choice. They can also swap the native token for any crypto assets they wish. 

Meanwhile, ETFSwap (ETFS) makes it easy to navigate from TradFi to DeFi in record time. Users can easily convert their ETF holdings to the ETFS token and swap for any crypto asset. Likewise, users can swap their crypto holdings to the ETFSwap (ETFS) token and convert them to any of the various ETFs on the platform. 

The token also plays an active role when users are trading, as holders enjoy discounted trading fees. This means that ETFSwap (ETFS) holders can end up paying next to nothing when investing on the platform since ETFSwap (ETFS) is already considered the most cost-efficient way to trade these assets, thanks to its integration of blockchain technology. 

Furthermore, ETFSwap (ETFS) provides an opportunity for users to earn passive rewards alongside the gains from their trades. Specifically, token holders will be eligible for the revenue-sharing program on the platform, with the investment platform sharing a part of the transaction fees earned to these holders. 

Staking is another way for ETFS holders to earn passive income on the platform. The ETFSwap offers stakers attractive Annual Percentage Yields (APYs) on their staked ETFS tokens. Users can also earn staking rewards by staking other cryptocurrencies available on the investment platform. 

Bearish Sentiment Towards Shiba Inu (SHIB)

Crypto investors opted for the ETFSwap (ETFS) token rather than investing in Shiba Inu (SHIB), with the meme coin currently having a bearish outlook. Crypto analyst Ali Martinez revealed in an X (formerly Twitter) post that over 4 trillion Shiba Inu tokens have been sent to crypto exchanges in the last two weeks. 

This suggests that these Shiba Inu (SHIB) holders are preparing to dump their holdings, which will heap significant selling pressure on the meme coin, causing Shiba Inu’s price to experience a downward trend. These Shiba Inu holders already look to be dumping their tokens seeing as the meme coin is down over 3% in the last 24 hours and currently trading at around $0.00002526. 

This price decline has also led to bullish Shiba Inu (SHIB) traders being shaken out of their positions, with data from Coinglass showing that over $500,000 in long positions have been liquidated in the last 24 hours compared to just over $67,000 in short positions that have been liquidated in that same period. 

Conclusion On Why ETFSwap (ETFS) Is A Better Play Than Shiba Inu

Utility tokens always stand the test of time, so ETFSwap’s (ETFS) potential cannot be ignored. Moreover, the technology isn’t just one for now but also for the future, especially with asset tokenization projected to become a trillion-dollar industry. As such, the ETFSwap (ETFS) token will make significant price surges over time. It is best to position ahead of these price gains by investing in stage 1 of its ongoing presale.  

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community