Crypto Analyst Predicts Shiba Inu Price To Rise By 1,000% As Major Metric Records 15,654% Explosion

Key on-chain metrics and market analysis on Shiba Inu show potential for the meme coin to rise by 1,000%, as a certain crypto analyst has pointed out. Meme coins have recorded substantial growth in the past year, but not enough to distract investors from emerging opportunities like the ETFSwap (ETFS) presale, which offers an even higher profit margin.

ETFSwap (ETFS) Presale Prepared For A 50,000% Rally

ETFSwap (ETFS) has won the hearts of crypto investors as a solid pick that offers exposure to the growing bullish narrative around asset tokenization and real-world assets. ETFSwap (ETFS) is a real-world assets platform for trading tokenized ETFs backed by real securities purchased from the traditional market.

Spot Bitcoin ETFs launched earlier this year and have attracted over $15 billion in inflows since they started trading. This sets an exciting growth potential for ETFSwap (ETFS), which will list spot Ethereum ETFs when they go live. Beyond crypto ETFs, ETFSwap (ETFS) will list ETFs from several industries, including technology, energy, healthcare, commodities, etc.

Considering the impressive numbers on crypto ETFs, the growth prospects for a broader market for tokenized ETFs tease an exciting rally, and investors won’t pass up the opportunity to catch the next biggest thing in crypto this early.

The new ETFSwap (ETFS) platform promises benefits such as quick settlements on ETF assets, quick ETF-to-crypto swaps, lower trading costs compared to trading on centralized platforms, seamless portfolio diversification, staking and lending opportunities, and an avenue for truly decentralized permissionless trading.

ETFSwap (ETFS) expands its offering with comprehensive trading services like perpetual trading with leverage. Users can use up to 50x leverage when trading, allowing for amplified gains with risk management strategies in place. Additionally, ETFSwap (ETFS) is set to launch its beta phase soon, enabling early adopters to test the platform and provide feedback ahead of the main launch.

Crypto Analyst Predicts 10x Gains On Shiba Inu Amid Skyrocketing Burn Rate

Onchain data show that Shiba Inu’s burn rate, a major metric for tracking transactions made to dead-end wallets, skyrocketed by 15,654%. Token burns are generally considered bullish because they cut supply short and have become the identity of the Shiba Inu community. Recently, the Shiba Inu celebrated the third anniversary of Vitalik Buterin burning 410 trillion SHIB tokens, which was the genesis of the token burn culture.

The recent burn on Shiba Inu involved 1,752,654 tokens removed from circulation, as shown on Shibburn. The continuous token burns on Shiba Inu pose bullish prospects for the meme coin, and a particular crypto analyst has predicted a 1,000% uptrend on Shiba Inu.

Shiba Inu has a $13 billion market cap and is trading around $0.00002284 as of this writing. However, crypto analyst Moataz “Eljaboom” Elsayed has predicted that the meme coin could skyrocket to $0.00024, clearing out a zero from its current price for 10x gains.

According to the crypto analyst, price activity on the Shiba Inu weekly chart is exhibiting a pattern similar to one in 2021, shortly before a price surge triggered by the Binance listing. He discussed the correction trend that followed the Binance listing, the consolidation phase for the meme coin, and how Shiba Inu held a pivotal support range for an eventual breakout.

Building on this pattern, Elsayed believes Shiba Inu could see a similar uptrend in the near future.

Conclusion

Crypto analyst prediction for Shiba Inu aligns with the optimism for the bull market, where major crypto assets are expected to rally. However, ETFSwap (ETFS) presents higher growth prospects than other market opportunities and, more impressively, at a really undervalued entry.

The ongoing ETFSwap (ETFS) presale had raised over $2 million in the initial stages, and Stage 2 offers another low price, which sets up investors for massive gains. Take advantage of this opportunity now and get in for $0.01831 before the price increases to $0.03846 on Stage 3.

For more information about the ETFS Presale: 

Visit ETFSwap Presale

Join The ETFSwap Community

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