The rumblings of a new trend in the constantly changing world of cryptocurrencies are becoming louder. Shiba Inu (SHIB) and Dogecoin (DOGE) whales are grabbing publicity for their deep dives into the ETFSwap (ETFS) presale round.
How ETFSwap’s (ETFS) Utility Is Capturing Dogecoin (DOGE) And Shiba Inu (SHIB) Whales
ETFSwap (ETFS) is an investment platform powered by blockchain technology that allows the tokenization and trading of Exchange-traded funds (ETFs) on the blockchain network. This is made possible by its ETFS token, which drives ETFSwap’s (ETFS) ecosystem. The platform combines blockchain technology innovations with the dependability of conventional assets like exchange-traded funds (ETFs).
To achieve its main objective, ETFSwap (ETFS) acts as a bridge between traditional finance (TradFi) and decentralized finance (DeFi). Using the ETFS token, users can easily change their tokenized ETF holdings to cryptocurrency and vice versa.
However, unlike traditional ETF trading platforms, ETFSwap (ETFS) allows for 24/7 trading, meaning users do not have to wait for trading hours to trade ETFs. On this platform, users can trade tokenized versions of Bond ETFs, Renewable Energy ETFs, Commodities, Fixed-Income ETFs, and a host of other ETFs across a range of industries.
The ETFS token is important because it serves as the key to the ETFswap (ETFS) platform. ETFS token holders enjoy lower trading fees, which makes investments in well-known ETFs extremely cost-effective. By leveraging the blockchain, the platform also does away with the hidden costs associated with using centralized middlemen within the ETFSwap (ETFS) platform.
Holding ETFs tokens also provides options for staking coins that generate passive revenue. As part of a revenue-sharing scheme, holders are eligible to receive a portion of transaction fees, and have access to an enticing annual percentage yield (APY) of up to 87%. Interestingly, this is not just limited to staking ETFS tokens as users can stake other cryptocurrencies such as Bitcoin, Ethereum, etc.
ETFS is a deflationary ERC-20 token that is well-positioned for substantial growth in the cryptocurrency market because of its strong tokenomics. Holders of the ETFS tokens also have governance rights, which let them vote on platform changes and participate in decision-making.
Dogecoin (DOGE) And Shiba Inu (SHIB) Whales Reshuffle Holdings Amidst A Slump
Recently, a large movement of more than 500 billion Shiba Inu tokens was observed. This substantial amount is equivalent to $13.7 million in fiat money. The recipient of the money was an anonymous blockchain wallet.
This transaction took place at the same time as two big transactions of Dogecoin of 200 million and 126 million DOGE, for a combined total of around 327 million were made by Dogecoin whales.
Shiba Inu (SHIB) whale activity has dramatically increased in the last few years. In just the past week, a remarkable 17 trillion Shiba Inus have been relocated. But upon deeper inspection, it becomes clear from all three of the transactions that started on Robinhood that these substantial meme coin bundles just made a full circle and ended up back on Robinhood. This trading platform owns the destination wallets, indicating that Robinhood has been internally rotating its Dogecoin and Shiba Inu holdings.
The fact that whales of Dogecoin and Shiba Inu are alternating their investments in utility-driven ventures like ETFSwap (ETFS) is not surprising as these well-known meme-coins have recently been underperforming.
Shiba Inu And Dogecoin Whales See Potential In ETFSwap (ETFS) Presale
Dogecoin and Shiba Inu whales are purchasing ETFS tokens in the current presale round, with more than 20 million ETFSwap (ETFS) tokens already sold in just a few days. Compared to DOGE and SHIB, the ETFS token seems to have the strongest positive momentum, which is why these whales have picked it.
In addition, ETFS tokens, which are currently trading at $0.01831, seem more reasonable in comparison to other coins and can eventually provide the biggest profits for cryptocurrency investors.
The token presale is still available, giving cryptocurrency investors time to seize this once-in-a-lifetime opportunity. By using the code ETFS20 at the time of purchase, investors can receive a 20% bonus.
It is expected that in the next stage, the price of ETFSwap (ETFS) would increase to $0.03846, meaning that investors who invest now will benefit the most from the token.
For more information about the ETFS Presale:
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