While longtime rivals Dogecoin (DOGE) and Shiba Inu (SHIB) continue their battle for meme coin dominance, ETFSwap (ETFS) and Pepe (PEPE) have been steadily gaining momentum, aiming to steal the spotlight as the new frontrunners in the crypto market.
ETFSwap (ETFS) Presale Surges Following Spot Ethereum ETF Approval
ETFSwap (ETFS) is a dedicated tokenization platform which allows users to swap crypto assets for institutional exchange-aded Funds (ETFs). Through this platform, users can trade tokenized ETFs and have access to the various investment and trading opportunities within this market.
ETFSwap (ETFS) offers users an array of institutional tokenized ETFs, including commodity ETFs, cryptocurrency spot and futures ETFs, leveraged ETFs, and fixed-income ETFs. Interestingly, trading these ETFs comes with exclusive perks and rewards such as monthly token airdrops, up to 10X leverage, and an 87% APR yield.
Sponsored
In terms of platform features, ETFSwap (ETFS) provides users with all they need to execute trades and transactions seamlessly, offering round-the-clock access to its platform from different regions of the world, low trading fees, and 24/7 ETF management services.
For maximum security and privacy, ETFSwap’s smart contracts have been thoroughly audited by CyberScope, a prominent cybersecurity and blockchain audit firm. The outcome of the examination underscored ETFSwap’s robust security capabilities against cyber threats and its flawless underlying infrastructure.
Moreover, ETFSwap (ETFS) has excluded KYC policies on its platform, allowing users to open their accounts faster while also protecting their privacy by eliminating the need for personal information disclosure.
Presently, ETFSwap’s public sale is witnessing a resounding success, with over 200 million ETFS tokens being sold and over $2 million raised in just a few weeks.
96% Of Pepe (PEPE) Holders See Profit
According to a crypto researcher identified as ‘Vicakdo’ on X (formerly Twitter), on-chain data now shows that 96.36% of Pepe (PEPE) investors are in profit. Conversely, out of 236,320 addresses, only 10% of Pepe (PEPE) holders are at a net loss at the press time.
This means that the price of Pepe (PEPE) has been performing relatively well amidst the market volatility. Despite the optimistic trend, recently Pepe (PEPE) has been on a downward trend.
Unlike ETFSwap (ETFS), which has been on a bullish momentum since its presale launch, Pepe (PEPE) has recorded significant declines of 3.82% over the past week.
Dogecoin (DOGE) Sentiment Turns Bearish
Despite being one of the best-performing cryptocurrencies and meme coins in the market, Dogecoin (DOGE) has been experiencing major bearish sentiments. Over the past few weeks, Dogecoin (DOGE) has witnessed consistent declines, potentially jeopardizing its position as the largest meme coin by market capitalization.
Crypto analyst, Ali Martinez, has suggested in an X post that investors are still not so bullish on Dogecoin (DOGE), noting that the popular meme coin has been displaying bearish signals since early February.
This bearish trend could be attributed to a shift in investors’ sentiment away from meme coins, as they focus on more trending digital assets, such as Spot Bitcoin ETFs and Spot Ethereum ETFs, offered by innovative platforms like ETFSwap (ETFS).
As of writing, the price of Dogecoin (DOGE) is trading at $0.158, reflecting a price decline of 8.12% over the past seven days.
Shiba Inu (SHIB) Open Interest Grows Amidst Price Decline
Dogecoin (DOGE) rival, Shiba Inu (SHIB) has been gaining traction, performing better than Dogecoin amidst market volatility recently.
Data from Coinglass has revealed that on May 30, Shiba Inu’s open interest in Binance rose more than 60% in a single day. Additionally, the cryptocurrency witnessed another surge in its open interest on Bybit, experiencing an increase of over 111%. Therefore, on average, Shiba Inu (SHIB) has seen an 85% surge in Open Interest in just 24 hours.
In spite of the bullish trend, Shiba Inu (SHIB) is still experiencing slight declines, underscoring investors shifting focus to other promising crypto projects. According to CoinMarketCap, Shiba Inu (SHIB) is currently trading at $0.000024, decreasing by 1.38% over the past 24 hours and witnessing a 38.46% drop in its 24-hour trading volume.
Conclusion
Among the aforementioned digital assets, ETFSwap (ETFS) stands out for its ability to provide users access to the multi-trillion dollar tokenized ETF market, which features burgeoning asset classes like Spot Bitcoin ETFs and Spot Ethereum ETFs.
For more information about the ETFS Presale:
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