Shiba Inu (SHIB) price crashes as holders are unimpressed about “Shib the Metaverse” launch. While many expected Shiba Inu (SHIB) to soar in reaction to the metaverse initiative, the reaction highlights the lacklustre sentiment on such market narratives. Also, market trends show that crypto enthusiasts may be moving away from risky meme coin investments like Dogecoin (DOGE) and Shiba Inu (SHIB) to ape new crypto sensation, ETFSwap (ETFS). The new Ethereum-based project is still on presale and promises better returns amid millions raised.
As we draw closer to another bull run, investors are shifting towards the more low-risk, high-return investment picks like ETFSwap (ETFS), which is currently on presale. The new ETFSwap (ETFS) platform is considered for its controlled trading conditions on presale. The token price is set way below market value to allow early investors to get in for cheap and secure profits at the token launch.
At the same time, the prospect of ETFSwap (ETFS) is purely driven by the innovative solution on the Ethereum-based platform. The new platform will operate as a decentralized trading platform for ETFs, allowing users to buy varying tokenized ETF assets from multiple industries.
The new ETF trading platform also emerged amid positive market trends on Spot Bitcoin ETFs and continued propagation of the ETF market in crypto landscapes. As such, ETFSwap (ETFS) is launching in market conditions that would fuel its growth and lead the trading revolution in both traditional markets and the crypto market. As opposed to ETFs, the metaverse narrative is considered stale and most likely won’t receive equal traction.
Additionally, ETFSwap (ETFS) will facilitate faster ETF settlements, lower trading costs, higher liquidity, staking for rewards, lending, and quick crypto-to-ETF swaps. The new ETF platform combines the best features from decentralized and centralized markets to find a balanced ground that expands the possibilities of ETF assets.
Investors who see the vision of this new platform have bought the presale token in hopes of a massive price move at launch. Also, the ETFSwap (ETFS) team has passed the KYC audit by SolidProof, verifying the individual identity of team members and project ownership.
This comes ahead of the Phase 1 beta launch, which will allow early access to investors who’d like to experience the platform before its main launch.
Following a post on X by Shiba Inu’s marketing lead on September 29 with a launch update on Shib the Metaverse, the meme coin saw a price decline. Shiba Inu (SHIB) fell from its weekly high of $0.000021 to $0.000018 in the aftermath of the news. Despite the recent bullish movement on Dogecoin (DOGE) and other meme coins, Shiba Inu (SHIB) has shown the biggest decline since Shib the Metaverse was announced.
Data from Santiment also shows declining open interest in the same time frame. After reaching an all-time high of $116 million on September 27, Shiba Inu’s (SHIB) open interest dropped by 11%. The decline reflects reduced market participation as traders close their positions on Shiba Inu (SHIB) following the metaverse announcement.
Dogecoin (DOGE) is the largest meme coin in the crypto market and has great precedent as a high-performance coin. However, crypto enthusiasts do not expect sharp rises in Dogecoin (DOGE), considering its market size compared to other meme coins. As of this writing, Dogecoin (DOGE) is trading at $0.1144, with an 82% price gain over the past year, which is considered mild for a meme coin.
Investors seeking explosive gains have ditched Dogecoin (DOGE) to bet on newer market opportunities with the potential to rise massively.
With the market narrative shifting from meme coins/metaverse to real-world assets tokenization and ETFs, the new ETFSwap (ETFS) is poised to outperform Dogecoin (DOGE) and Shiba Inu (SHIB). ETFSwap (ETFS) investors are eyeing up to 150x gains at token launch, and a long-term approach could raise the profit prospects by a massive margin.
Seize the last opportunity to get in on the ETFSwap (ETFS) presale at $0.03846. Buy now, as the last presale stage is expected to close soon.
For more information about the ETFS Presale:
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